Housing Wire

NOVEMBER 2, 2023

This was the first earnings delivered by Rocket’s new CEO, Varun Krishna , who focused his conversation with analysts on the potential of artificial intelligence (AI) and other technologies to transform the business. billion in sold loans through its direct-to-consumer channel, down from $12.4 By channel, Rocket reported $11.9

Principal 396

Principal Loans Technology Mortgages 396

Housing Wire

MARCH 7, 2024

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 She said that new investments in technology and messaging will help to bridge the gap for potential clients.

Mortgages 323

Mortgages Marketing Equity Finance 323

Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

Equity 283

Equity Lending Principal Technology 283

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 408

Technology Development Title Lending 408

Housing Wire

MARCH 5, 2024

Sanjiv Das, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Before joining Pagaya, Das was CEO of Caliber Home Loans.

Principal 195

Principal Commercial Loans Mortgages 195

Housing Wire

FEBRUARY 6, 2023

He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. billion and injected $925 million into UWM to develop new technology and grow the broker channel. UWM originated $128 billion in 2022, per Inside Mortgage Finance estimates. Forrester served as UWM’s CFO for 10 years.

Principal 338

Principal Finance Mortgages Loans 338

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae.

Principal 316

Principal Development Finance Industrial 316

Housing Wire

JANUARY 12, 2024

In my framework, there are three broad buckets: Making purchase possible/financing Transaction and process improvements Post-purchase maintenance and value management We can quibble on the words, but the spirit is clear. On the one hand, finance in general is a very well-established category with data-driven rules and clear processes.

Finance 340

Finance Principal Residential Development 340

Housing Wire

APRIL 27, 2023

Financial wellness technology company EarnUp reached a new milestone last quarter, helping millions of Americans schedule mortgage, auto, and student loan payments through its Payday to Payday program and technology. The company says it processed more than 50 million payment transactions worth $43 billion in total as of Q1 2023.

Technology 289

Technology Lending Principal Loans 289

Housing Wire

SEPTEMBER 1, 2023

Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software , per filings with the Attorney General in California. Pennymac Loan Services was ranked No. billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31.

Principal 312

Principal Loans Mortgages Finance 312

Housing Wire

OCTOBER 26, 2021

A source told Bloomberg that the latest financing – split between $28.5 Tom Richardson, head of strategic capital principal technology investments at Wells Fargo Strategic Capital, said in a statement that the capital “will help them achieve their business goals and continue to expand their product offering.”.

Mortgages 335

Mortgages Principal Loans Investor 335

Housing Wire

DECEMBER 15, 2021

Loan originations in dollars increased by more than 25% since the third quarter of 2020, and 44% of loan clients are in Latin America. The Bitcoin-backed mortgage product accepts Bitcoins and properties as collateral for loans to clients that want to purchase new real estate or finance a property they already own.

Mortgages 412

Mortgages Lending Banks Investor 412

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform.

Mortgages 279

Mortgages Investor Loan Officer Principal 279

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There’s been increased activity in the last two weeks [more] than the last two months. How fast we move past that is up for debate.”

Mortgages 449

Mortgages Fixed-rate mortgage Equity Loans 449

Housing Wire

MAY 9, 2024

The company’s volume in the first quarter consisted mainly of purchase loans, representing $22.1 billion in closed loan volume from January to March. Pricing strategies UWM’s profit on each loan also increased in the quarter, exceeding the pre- Game On pricing initiative launched in June 2022. million in cash.

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Sales Principal Loans Mortgages 238

Housing Wire

JULY 15, 2021

Online mortgage marketplace Morty announced the close of a $25 million Series B financing round, pushing the total company valuation to $150 million. Morty’s marketplace has processed more than $500 million in loans in the past 12 months, and saw revenue grow 800% year over year.

Principal 377

Principal Loans Equity Mortgages 377

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 437

Mortgages Loan Officer Loans Equity 437

Housing Wire

AUGUST 2, 2021

More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Finance of America Reverse. Vice President of Technology Services. Nexsys Technologies. SVP, Loan Administration. Finance of America Companies.

Title 393

Title Lending Finance Technology 393

Housing Wire

JANUARY 10, 2022

PennyMac Financial Services announced today that it’s launching a new technology platform for its broker channel, and it has rebranded its broker division from PennyMac Broker Direct to Pennymac TPO. ” The timeline for the platform’s launch has not been made public. As of Sept.

Principal 330

Principal Lending Loans Technology 330

Housing Wire

AUGUST 9, 2023

“Unlike others that are more reactive to cyclical market conditions, we will continue to be aggressive in our technology and product investments. billion in mortgage loans in the second quarter of 2023 “despite a historic decline in industry-wide origination volume during 2023,” according to Ishbia. UWM originated $31.8 UWM had $294.9

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

SEPTEMBER 30, 2022

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. Presented by: FormFree. This will be a time of changes,” he said.

Mortgages 448

Mortgages Fixed-rate mortgage Loans Loan Officer 448

Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

Industrial 308

Industrial Mortgages Principal Loans 308

Housing Wire

AUGUST 4, 2022

Hernandez will be joined by by Faith Schwartz, the CEO and founder of Housing Finance Strategies , a strategic advisory firm that serves banks, mortgage companies, nonprofits and fintech companies. million loans with an unpaid principal balance of more than $1.2 Register for the event here. 4 appeared first on HousingWire.

Principal 373

Principal Title Mortgages Industrial 373

Housing Wire

AUGUST 3, 2023

billion in sold loans through its direct-to-consumer channel and $9.6 Rocket’s share of the purchase business jumped to 55% in the first three months of 2023, according to data from Inside Mortgage Finance (IMF). million loans service, with approximately $500 billion in unpaid principal balance.

Loans 297

Loans Mortgages Loan Officer Principal 297

Housing Wire

MARCH 1, 2023

Change in uninsured losses As of late, however, the uninsured losses are being absorbed by other stakeholders in the housing finance system, including mortgage lenders, mortgage servicers, private mortgage insurers, government agencies, capital markets investors, and the government-sponsored enterprises.

Industrial 333

Industrial Banks Loans Design 333

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

Equity 288

Equity Inspection Lending Finance 288

Housing Wire

FEBRUARY 24, 2022

billion in loan originations, down 30% compared to the same period of 2020 and 13% compared to the third quarter of 2021. Purchase volume grew 76% year-over-year due to focus on a “technology-driven client experience,” the company said. The acquisition of Truebill , a personal finance app, for $1.3 Rocket has 2.6

Mortgages 370

Mortgages Principal Loans Branding 370

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law.

Lending 410

Lending Principal Technology Mortgages 410

Housing Wire

FEBRUARY 14, 2023

When rising interest rates and plummeting affordability decimate loan applications, it’s even more difficult. Maintaining the servicing rights of loans originated by the lender is equally as important as those acquired through a purchase. But lenders must also consider mortgage originator’s loan product innovation.

Loans 312

Loans Investor Mortgages Principal 312

Housing Wire

MARCH 15, 2022

Over the next two decades, housing finance experts predict Hispanic homeowners will make up 70% of all new homeowners. About two-thirds of purchase originations financed by the GSEs that year went to non-Hispanic white borrowers, while 10.9% of loans purchased by Fannie Mae, and 8.4% NAHREP co-Founder and CEO Gary Acosta.

Loans 307

Loans Finance Mortgages Investor 307

Housing Wire

FEBRUARY 7, 2022

In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. In addition to upfront fees, FHA charges fees for the life of the loan.

Banks 329

Banks Lending Loans Mortgages 329

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Equity 402

Equity Loan Officer Loans Mortgages 402

Housing Wire

NOVEMBER 8, 2023

“We are investing in new technology and hiring new team members to ensure that we are prepared for the eventual turn in rates.” billion in mortgage loans in the third quarter of 2023, lower than the $31.8 billion in purchase loans in the third quarter, a decrease from $28 billion in the second quarter of 2023 and $27.7

Principal 267

Principal Mortgages Loans Closing 267

Housing Wire

OCTOBER 2, 2023

Purchase loans comprised about 82% of overall mortgage lending in 2023 and ICE forecasts purchase lending to continue to dominate the market through next year. The high-interest rate environment continues to put downward pressure on mortgage origination activity.

Mortgages 377

Mortgages Equity Lending Principal 377

Housing Wire

MAY 23, 2022

While private markets, either portfolio or private-label security (PLS) executions, may not readily be able to compete for agency business, if rates are pushed too high, these alternative executions may offer a better deal for lenders and their customers, particularly for low-risk loans.

Loans 382

Loans Mortgages Investor Industrial 382

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation. We have compression in the margins we are able to make on loans.

Mortgages 377

Mortgages Loans Investor Equity 377

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. And in July, it announced its formal launch of Orchard Home Loans. Patrick Conroy, principal at Washington, D.C.-based

Title 228

Title Branding Principal Loans 228