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 357

Finance Principal Residential Development 357

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 355

Principal Finance Mortgages Loans 355

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

Loans 378

Loans Purchase and sale agreement Principal Due diligence 378

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 332

Principal Development Finance Industrial 332

Housing Wire

NOVEMBER 7, 2023

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

Principal 342

Principal MLS Agents Brokerage 342

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer. ” RE/MAX laid off 17% of its staff , roughly 120 employees, a little over a year ago. million a year prior.

Principal 367

Principal Technology Agents Design 367

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 305

Technology Lending Principal Loans 305

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 351

Mortgages Principal Loans Investor 351

Housing Wire

SEPTEMBER 1, 2023

primary mortgage servicers in the second quarter of 2023 , according to Inside Mortgage Finance data. billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31. Pennymac Loan Services was ranked No. 5 five among the top U.S. Its servicing portfolio grew to $576.5 The company estimates its market share at 4.3%

Principal 329

Principal Loans Mortgages Finance 329

Housing Wire

DECEMBER 15, 2021

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. According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal.

Mortgages 413

Mortgages Lending Banks Investor 413

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 291

Mortgages Investor Loan Officer Principal 291

Housing Wire

MAY 31, 2021

Senate Finance Committee. His list of accomplishments includes being the principal drafter of the mortgage forbearance program enacted through the CARES Act, which reshaped the mortgage industry and enabled more than 4 million homeowners to hit the pause button on their mortgage.

Principal 305

Principal Banks Finance Mortgages 305

Housing Wire

MAY 1, 2023

For instance, with higher-priced mortgages, lenders need to verify the consumer’s ability to repay, ensure there is no prepayment penalty and make sure escrow taxes and insurance payments are paid each month along with the loan’s principal and interest. That’s a lot of calculations and obligations just for federal compliance.

Loans 324

Loans Lending Technology Principal 324

Housing Wire

AUGUST 7, 2023

In addition, Compass also reported an increase of 429 principal agents compared to a year ago and a retention rate of over 90%. “We Greg Hart, Compass’ chief operating officer, added: “We continue to grow our principal agent count since we eliminated cash and equity sign on incentives last summer. Maryland and Virginia.

Brokerage 345

Brokerage Principal Title Equity 345

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 346

Principal Lending Loans Technology 346

Housing Wire

MAY 9, 2024

” UWM has focused on other ways to help brokers, such as investing in technology, he said. billion in unpaid principal balance (UPB), compared to $299.5 Regarding new pricing initiatives like Game On, Ishbia said, “I don’t foresee that right now.” billion in the previous quarter and $297.9

Sales 238

Sales Principal Loans Mortgages 238

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 the unpaid principal balance of MSRs as of June 30, 2023, compared to $297.9 The Pontiac, Michigan-based lender announced a non-GAAP adjusted net income of $175.9 UWM had $294.9

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

JANUARY 8, 2021

Department of Housing and Urban Development and as the principal executive vice president of Ginnie Mae. It’s an industry that spends a considerable sum every year on technology and innovation. “We’re going to be looking at closing instructions and other interoperability mechanisms to exchange data more seamlessly.

Development 448

Development Industrial Technology Principal 448

Housing Wire

MAY 27, 2022

The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance. Under it, institutions would establish policies, practices, procedures and control systems to ensure their AVMs comply with applicable nondiscrimination laws, the bureau said.

Lending 413

Lending Principal Technology Mortgages 413

Housing Wire

SEPTEMBER 9, 2021

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. Technology that had long been available, but never saw the level of adoption the industry would have hoped for, was now in high demand. Technology as the new table stakes.

Mortgages 386

Mortgages Technology Inspection Closing 386

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 324

Industrial Mortgages Principal Loans 324

Housing Wire

AUGUST 3, 2023

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. Purchase volume in the first quarter came in at $9.4 billion, ranking third in the IMF’s rankings.

Loans 314

Loans Mortgages Loan Officer Principal 314

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 349

Industrial Banks Loans Design 349

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.

Mortgages 449

Mortgages Fixed-rate mortgage Loans Loan Officer 449

Housing Wire

MARCH 2, 2021

The SPAC news comes just weeks after DOMA announced $150 million in debt financing, which founder and CEO Max Simkoff said would help Doma “wipe the system clean” and build an efficient, digital homebuying system from scratch. Generally accepted accounting principal (GAAP) revenues are expected to be around $226.4 million in 2021.

Title 311

Title Equity Principal Branding 311

RIS Media

MAY 9, 2022

The metaverse and blockchain technology could have a significant impact on the future of real estate, according to experts at the 2022 REALTORS® Legislative Meetings. Jane Dzielski, Google’s principal analytical lead, kicked off the session with a presentation on data trends in the real estate sector. in 2020 and 4.6%

Industrial 97

Industrial Technology Finance Principal 97

Housing Wire

OCTOBER 2, 2023

While the average unpaid principal balance of borrowers entering a refinance has fallen from $319K in early 2020 to $183K in August 2023, it is even lower ($165K) among cash-outs specifically. There is modest opportunity in the refinance market although it is defying traditional analysis, according to ICE’s mortgage monitor report.

Mortgages 391

Mortgages Equity Lending Principal 391

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 unpaid principal balance of MSRs as of Sept. The servicing business Mortgage servicing rights (MSR) boosted the company’s performance in Q3 2023, with a $92.9 The company had $281.4

Principal 279

Principal Mortgages Loans Closing 279

RIS Media

MARCH 3, 2022

With a background that includes key tech roles at UPS, AT&T, and most recently as the engineering leader at Alexa AI and AWS AI at Amazon, Venkatesh Baglodi will use that experience to help the rapidly growing PropTech startup zavvie as its new chief technology officer.

Technology 94

Technology Brokerage Principal Industrial 94

Housing Wire

FEBRUARY 14, 2023

Once the decision is made to retain servicing, the institution must then provide staff, technology and processes based on best practices. Servicing software makes it easier for servicers to communicate proactively with borrowers, especially those who are still in the process of exiting forbearance.

Loans 329

Loans Investor Mortgages Principal 329

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. ML: More technology. I think you’re going to see a continuation of video and of global technology.

Short sale 93

Short sale Investor Technology Principal 93

Housing Wire

APRIL 24, 2024

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

Principal 423

Principal Due diligence Lending Title 423

Broke Agent Media

APRIL 11, 2023

With the new filter, buyers can now search based on monthly payments—including principal and interest, with estimates for insurance costs, taxes, and HOA fees also factored in. Buyers can start the process by using Zillow’s affordability calculator to determine the monthly payment they can afford.

Principal 98

Principal Mortgages Finance Loans 98

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. Orchard has also raised a total of $220 million in debt financing since its September 2017 inception.

Title 236

Title Branding Principal Loans 236

Realty Biz

DECEMBER 18, 2023

Despite a challenging fundraising landscape, Lingrove has successfully secured strategic financing to cultivate a brighter future through rapidly growing plants, beginning with creating healthy and beautiful interiors. co-led this round because Lingrove is poised to be a category-defining company in the transition to a circular economy.

Principal 97

Principal Construction New Construction Commercial 97

Housing Wire

JUNE 15, 2022

trillion market, but now, just given the spike in rates, it’s going to be lower than that,” said Mike Fratantoni, Mortgage Bankers Association’s chief economist and senior vice president of research and industry technology. . “The industry was already trying to rightsize from a $4 trillion market to a $2.5

Mortgages 380

Mortgages Loans Investor Equity 380

Propmodo

APRIL 9, 2024

No one wants to pay for it,” said Deborah Moelis, a principal and founding member of Handel Architects, a New York-based firm, about post-occupancy studying. And now, there is new technology emerging that could help make these evaluations happen faster and at a lower cost.

Development 62

Development Design Construction Principal 62