Housing Wire

FEBRUARY 10, 2023

Black Knight has decided to sell its loan origination software business Empower in a bid to save the $13 billion deal with Intercontinental Exchange Inc (ICE), Reuters reported , citing sources familiar with the matter. to explore the sale of Empower, which received the green light from ICE, according to the outlet.

Loans 343

Loans Technology Mortgages Sales 343

Housing Wire

SEPTEMBER 28, 2023

Having completed the $12 billion acquisition of Black Knight , Intercontinental Exchange (ICE) is confident in evolving into a true life-of-loan platform: powering origination to final settlement, all in one unified digital ecosystem, executives said during its conference call with analysts. “By

Loans 365

Loans Technology Mortgages Development 365

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Sahi will be involved in all aspects of the corporate strategy, business development, sales and account management, the firm said Thursday.

Technology 251

Technology Mortgages Development Loans 251

Housing Wire

APRIL 30, 2024

We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loan officer requests, effectively halving the time it takes to fulfill them. HousingWire: The Money Store prides itself on providing easy, efficient, and affordable home financing.

Loan Officer 413

Loan Officer Technology Loans Finance 413

Housing Wire

MAY 22, 2024

Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance. Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement. We are thrilled to welcome Shadi to the Certainty family,” CEO Franco Terango said in a statement.

Lending 336

Lending Development Loan Officer Finance 336

Housing Wire

MAY 9, 2024

The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted in a non-GAAP net income of $141 million from January to March, compared to a $361 million loss in the previous quarter. billion in closed loan volume from January to March. million in cash.

Sales 238

Sales Principal Loans Mortgages 238

Housing Wire

NOVEMBER 9, 2023

New York-based digital lender Better Home & Finance Holding Company has partnered with information technology consulting company Infosys on a mortgage-as-a-service platform. Better ranked as the 62nd largest mortgage lender in the first half of 2023, according to Inside Mortgage Finance. million the previous quarter.

Mortgages 346

Mortgages Finance Technology Loans 346

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , 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. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans.

Loan Officer 380

Loan Officer VA loan Loans Technology 380

Housing Wire

FEBRUARY 28, 2024

of the sales price when buying a home and up to 1% when selling. The program is only eligible for loans that close through Newrez. Unlike other offerings, there is no limit on the home sales price. billion in 2023, per data from Inside Mortgage Finance. They will also be offered closing cost credits of up to 0.5%

Closing costs 384

Closing costs Loan Officer Closing Loans 384

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 339

Technology Loans Staging Equity 339

Housing Wire

JUNE 30, 2021

That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture. FAM TPO’s Two-X Flex suite comes with additional products to give borrowers even more purchasing or refinancing power, which allows them to qualify for loans based on factors outside of standard requirements.

Finance 282

Finance Lending Loans Technology 282

Housing Wire

APRIL 27, 2022

First Community Mortgage ‘s wholesale division named a new regional sales manager in hopes to continue growth for the firm’s mortgage boutique division. billion in home loans last year. The post First Community Mortgage names new regional sales manager appeared first on HousingWire.

Sales 314

Sales Mortgages Banks Lending 314

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 421

Technology Development Title Lending 421

Housing Wire

OCTOBER 31, 2022

Her role will focus on technology to drive the company’s growth. Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “She has a proven track record of leading sales-centric technology teams and delivering with speed to market,” he added.

Loan Officer 350

Loan Officer Mortgages Loans Technology 350

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 294

Lending Technology Equity Loans 294

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

Loan Officer 340

Loan Officer Loans Banks Title 340

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. This was the result of strong execution and continued expansion in the gain-on-sale margin.” Rocket generated $22.2

Principal 404

Principal Loans Technology Mortgages 404

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Lending 441

Lending Technology Loans Mortgages 441

Housing Wire

SEPTEMBER 25, 2023

Just weeks after New York-based digital lender Better Home & Finance Holding went public , Better issued pink slips to employees in early September in a new round of layoffs, Insider reported. In Q2, Better’s origination volume was $900 million across 2,421 loans, compared to production of $800 million across 2,347 loans funded in Q1.

Title 400

Title Technology Finance Mortgages 400

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 372

Pre-qualification Technology Equity Development 372

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 384

Equity Purchase and sale agreement Marketing Lending 384

Housing Wire

MARCH 1, 2023

San Francisco-based SaaS technology provider Polly on Monday announced its API integration with Total Expert, a customer engagement platform purpose-built for financial institutions. Total Expert provides customer engagement solutions for more than 175 modern financial institutions, unifying data, marketing, sales, and compliance solutions.

MLS 304

MLS Loan Officer Technology Loans 304

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

Due diligence 438

Due diligence Mortgages Equity Loans 438

Housing Wire

SEPTEMBER 2, 2022

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

Earnest money deposit 88

Earnest money deposit Technology Loans Pre-approval 88

Housing Wire

DECEMBER 3, 2023

Mortgage holders withdrew a mere 0.41% of tappable equity in Q3, about 55% below the average withdrawal rate seen in the 12 years leading up to the Federal Reserve ’s most recent tightening cycle, according to the latest ICE Mortgage Technology ‘s mortgage monitor report. for FHA loans and 44.5% for VA loans.

Equity 419

Equity VA loan FHA loan Mortgages 419

Housing Wire

OCTOBER 21, 2022

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Download this white paper for a roadmap to deploying new technologies.

Seller concession 354

Seller concession Mortgages Loans Finance 354

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Schmidt said that during M&A transactions, Guild generally hires the sales teams and their operational support staff. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Mortgages 400

Mortgages Loan Officer Loans Closing 400

Housing Wire

OCTOBER 16, 2023

If you are using it in marketing, we need to make sure it does not infringe intellectual property,” Stucky said at an AI session at the 2023 Mortgage Bankers Association Annual Convention & Expo in Philadelphia on Monday. “With this rapidly evolving technology, there are a lot of risks.

Due diligence 388

Due diligence Lending Technology Mortgages 388

Housing Wire

FEBRUARY 1, 2024

The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders. A top executive at NewRez told HousingWire that the goal is to “flatten” the organization and better align the distributed retail division with other sales forces to capture servicing business.

Loan Officer 386

Loan Officer Loans Mortgages Banks 386

Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As mortgage lender by volume last year.

Loan Officer 379

Loan Officer Technology Mortgages Loans 379

Housing Wire

FEBRUARY 16, 2021

As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. However, the Point of Sale category took a turn for the better in 2020. 5 Technology becomes fintech. Technology startups are making banking more accessible.

Mortgages 531

Mortgages Banks Loan Officer Technology 531

Housing Wire

JULY 19, 2022

Fannie Mae and Freddie Mac ’s regulator imagines a future where, perhaps through artificial intelligence and machine learning, errors in mortgages are identified in real time before a loan is closed. billion five years ago, per the Federal Housing Finance Agency — closing a mortgage loan has since gotten more expensive, not less.

Mortgages 353

Mortgages Finance Loans Technology 353

Housing Wire

MARCH 6, 2023

According to Inside Mortgage Finance , the company was the 27th-largest mortgage lender in the country in 2022 by volume, but originations declined 32% year over year. Homebridge was set to merge with Mike Cagney’s Figure Technologies last year, but the deal fell apart just 10 months after the announcement was made.

Lending 378

Lending Technology Mortgages Loans 378

Housing Wire

OCTOBER 10, 2022

In addition, we’ve restructured some sales positions to further tighten our focus on a purchase-centric strategy.”. Amid the landscape, Lower, according to LeBerth, “continues to invest in technology to build the most modern home finance solution for our channels, and despite the headwinds, we’ve increased market share 25% year-over-year.”.

Loan Officer 371

Loan Officer Loans Technology Mortgages 371

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. This comes as no surprise.

Mortgages 353

Mortgages Technology Closing costs Title 353

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

Banks 327

Banks Lending Finance Mortgages 327

Housing Wire

DECEMBER 7, 2021

Fortunately, many of the tech solutions that were born out of the pandemic are here to stay, including desktop appraisals which the Federal Housing Finance Agency recently announced will become permanent. . “On HousingWire: How is a strong focus on technology especially important during this current sales boom?

Marketing 470

Marketing Technology Loans Closing 470