Housing Wire

OCTOBER 4, 2023

California-based home equity investment firm Splitero launched its own real estate brokerage , Splitero Homes, this week. Launched in 2021, Splitero’s main focus is on home equity investments (HEI), which differs from home equity lines of credit (HELOC). Clients must retain a stake of at least 20% in their homes.

Equity 406

Equity Brokerage Agents Marketing 406

Housing Wire

JULY 12, 2022

San Francisco-based Unison is extending its reach in the heartland by expanding its shared-equity loan program to homeowners in Nebraska. billion in equity-sharing agreements with some 9,000 homeowners across 29 states and the District of Columbia. Prioritizing home equity solutions in a rising rate environment.

Equity 373

Equity Residential Loans Title 373

Housing Wire

OCTOBER 28, 2022

As the mortgage industry faces the realities of rising interest rates, savvy lenders are shifting gears towards the potential profitability of home equity lending. HousingWire: In a rising rate environment where a large percentage of homeowners have record-low mortgage rates secured, the lending industry is turning an eye to home equity.

Equity 414

Equity Lending Technology Industrial 414

Housing Wire

DECEMBER 11, 2023

Residential sale-leaseback platform EasyKnock is under fire from the Massachusetts Attorney General’s office. In a news release last Tuesday, Attorney General Andrea Joy Campbell announced that she had entered into a settlement with EasyKnock for what her office alleged was deceptive practices that stripped consumers of their home equity.

Sales 363

Sales Equity Residential Technology 363

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 370

Equity Marketing Debt-to-income ratio Lending 370

Housing Wire

NOVEMBER 16, 2021

Rising home prices continue to fuel the growth of the nation’s multi-trillion dollar home-equity market, a fact not lost on behemoth investment-management firm PIMCO. Learn about the tools lenders should leverage to streamline home equity title and closing. The loans are serviced by Rushmore Loan Management Services.”. for 2021-HE2.

Equity 394

Equity Investor Marketing Title 394

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.”

Sales 375

Sales Mortgages Loans Loan Officer 375

Housing Wire

APRIL 5, 2022

Top mortgage lending software and analytics provider Black Knight is exploring a sale following takeover interest from several private equity firms, according to a report from Bloomberg. But on the news of a potential sale, it surged 12% on Tuesday, closing the day with a market cap of $10.3 million, down from $264.1

Sales 410

Sales Lending Equity Technology 410

Housing Wire

APRIL 11, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners.

Lending 358

Lending Technology Equity Loans 358

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. A unified name has not yet been determined and Sales Boomerang and Mortgage Coach will continue to operate as distinct brands, for now, the companies said.

Sales 397

Sales Mortgages Loan Officer Principal 397

Housing Wire

MAY 14, 2024

The company said it will be using generative artificial intelligence (AI) and machine learning technologies to provide customers with personalized recommendations, credit management solutions, budgeting assistance and loan qualification tools. million in pre-seed funding in 2016.

Pre-qualification 432

Pre-qualification Technology Equity Development 432

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Lending 411

Lending Technology Loans Equity 411

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 348

Investor Sales Mortgages Loan Officer 348

Housing Wire

OCTOBER 21, 2020

million Class A sales, plus $115 million in preferred stock, according to the amended S-1. “The selling stockholder [Lone Star’s affiliate] will receive all of the net proceeds from the sale of shares of our common stock offered pursuant to this prospectus,” the S-1 reads. million from the year prior.

Equity 372

Equity Mortgages Loans Residential 372

Housing Wire

DECEMBER 15, 2023

Potential suitors could include private equity firms and technology companies, according to the Journal. The company’s stock rallied by 12% on Friday after the Wall Street Journal reported that it was considering a sale. However, there is no certainty that a deal will be reached. It was then valued at $6 billion.

Equity 424

Equity Technology Sales As-is 424

Housing Wire

MAY 17, 2022

Mortgage and home equity fintech FirstClose received a $35 million investment from Lateral Investment Management on Tuesday. This is FirstClose’s first institutional equity investment round: The company has been self-funded since its founding in 2000. home equity and mortgage markets. home equity and mortgage markets.

Equity 367

Equity Lending Banks Technology 367

Housing Wire

MAY 28, 2024

In its earnings call earlier this month, Ocwen reported an overall improvement in its business performance for the first quarter of 2024, including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale.

Branding 414

Branding Mortgages Equity Loans 414

Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “Most technologies are not architected to do a million loans every five minutes.” ” Ardley can help servicers with retention strategies and find new deals within their portfolio.

Technology 399

Technology Loans Staging Equity 399

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375. The Blankfeld Group came in No.

Principal 409

Principal Technology Equity Residential 409

Housing Wire

DECEMBER 1, 2022

Sales Boomerang and Mortgage Coach announced an API integration between Mortgage Coach and SaaS technology provider Polly on Thursday. Sales Boomerang and Mortgage Coach merged in June, about six months after a Philadelphia-based private equity firm LLR Partners invested $80 million , buying stakes in both firms.

Mortgages 409

Mortgages Lending Technology Equity 409

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 450

Technology Development Title Lending 450

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

Equity 397

Equity Loan Officer Loans Technology 397

Housing Wire

OCTOBER 12, 2023

Total Expert’s customer intelligence identifies a potential customer through home listings , interest rates, home equity and credit pulls, according to the company. California-headquartered Polly is a provider of mortgage capital markets technology for banks, credit unions and mortgage lenders nationwide.

Loan Officer 420

Loan Officer Lending Loans Equity 420

Housing Wire

FEBRUARY 22, 2023

Leading property data and analytics company CoreLogic has acquired Roostify , a digital mortgage technology provider. “CoreLogic has the data assets and workflow platforms to expose critical information about the borrower and collateral much sooner, at the point of sale. It then tailors that data to the home-buying process.

Mortgages 381

Mortgages Technology Banks Lending 381

Housing Wire

NOVEMBER 13, 2023

Sales prices don’t go up or down based on closing costs. The Economist also writes that according to a 2019 Brookings Institution report, Realtor fees consumed a quarter of the capital gains earned in an average home sale. Louis Federal Reserve that says American home equity amounted to nearly $30 trillion at the end of 2022.

Closing costs 358

Closing costs Equity Agents Technology 358

Housing Wire

MARCH 15, 2024

The move to HighTech In early 2023, Peskin and Eric Ellsworth joined HighTechLending initially as president and EVP of reverse sales, respectively. She is still an equity owner and she’ll continue to do what she’s been doing,” he said. Currie had sought to bring both men in and work alongside them, Peskin explained.

Purchase and sale agreement 412

Purchase and sale agreement Equity Loan Officer Mortgages 412

Housing Wire

AUGUST 16, 2022

has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. The integration of Blue Water into the Voxtur product suite strengthens our technology foothold and places us squarely in the capital markets arena,” said Voxtur CEO Jim Albertelli in a statement.

Technology 363

Technology Equity Investor Construction 363

Housing Wire

MARCH 28, 2024

The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product. Better posted a GAAP net loss of $59.5

Loan Officer 428

Loan Officer VA loan Loans Technology 428

Housing Wire

MAY 2, 2024

and Liberty Reverse Mortgage , reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale. Ocwen Financial Corp., parent company of PHH Mortgage Corp.

Mortgages 358

Mortgages Branding Equity Loans 358

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.

Loan Officer 407

Loan Officer Lending Technology Loans 407

Housing Wire

NOVEMBER 8, 2022

As part of the integration, MeridianLink’s mortgage customers will be able to access OpenClose’s point-of-sale system, called Consumer Assist. The announcement comes shortly after MeridianLink, which is owned by private equity giant Thoma Bravo , posted its quarterly earnings results.

Mortgages 418

Mortgages Lending Technology Banks 418

Housing Wire

APRIL 26, 2022

LoanSnap is a mortgage company that employs artificial intelligence (AI) technology to originate loans more efficiently and faster. The crypto-mortgages originated by LoanSnap so far are more akin to home-equity loans as opposed to home-purchase or rate-and-term refinance loans. We’re not huge, but we’re not small either.”.

Due diligence 450

Due diligence Mortgages Equity Loans 450

Housing Wire

JANUARY 31, 2023

Mugge, a mortgage industry veteran with more than two decades in technology and business management, will lead the company’s push to secure high-profile mortgage lending partners to offer Calque’s products. The homeowner then preps their original home for sale after they’ve moved out.

Mortgages 359

Mortgages Lending Technology Equity 359

Housing Wire

FEBRUARY 1, 2023

Building the future of mortgage servicing technology is about granular, nuanced innovation — knowing what changes must happen and when, and executing with no mistakes across scale operations where every tiny detail is highly regulated. And its product and customer success teams have responsibility for sales and growth.

Mortgages 466

Mortgages Technology Investor Equity 466

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. As such, we’ve included the Blend logo in those areas.

Technology 135

Technology Marketing Purchase and sale agreement Equity 135

Housing Wire

NOVEMBER 1, 2022

Polly, a San Francisco-based fintech, is a software-as-service mortgage technology firm that operates a product and pricing engine (PPE) and loan-trading exchange. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Industrial 428

Industrial Mortgages Loan Officer Loans 428

Housing Wire

APRIL 11, 2022

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. “The potential sale appears to be a case when private equity is opportunistic because Black Knight’s stock has underperformed relative to expectations.

Equity 356

Equity Technology Lending Investor 356