Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE expects to have its second-best year for MSP sales since 2017. from Q3 2022’s $276 million.

Industrial 284

Industrial Mortgages Technology Loan Officer 284

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. based boutique SAP consulting firm.

Sales 391

Sales Mortgages Technology Lending 391

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 273

Sales Principal Loans Mortgages 273

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 406

Loans Technology Mortgages Development 406

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Industrial 420

Industrial Mortgages Loan Officer Loans 420

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. ” They have good reason to feel anxious.

Industrial 468

Industrial Loan Officer Loans Mortgages 468

Housing Wire

FEBRUARY 13, 2024

TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. It also hired Arend de Jong , co-founder and former chief financial officer of Sales Boomerang, as CFO, the company announced. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc. Mortgage tech firm TRAiNED Inc.

Sales 435

Sales Mortgages Title Loans 435

Housing Wire

MARCH 4, 2022

California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. Department of Agriculture – and non-qualified mortgages (non-QM) loans.

Technology 342

Technology Loans Loan Officer Mortgages 342

Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. It’s easy to show a profit when sales are high, but when the tide rolls out the dangerous rocks appear. When loan volumes fall, they reduce capacity by laying off staff.

Title 395

Title Industrial Technology As-is 395

Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Notable trends in a new era of sales.

Industrial 417

Industrial Mortgages Loan Officer Technology 417

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. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million; and pool 3, $312.9

Loans 394

Loans Purchase and sale agreement Principal Due diligence 394

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 268

Technology Mortgages Development Loans 268

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Kirby: Nothing in the mortgage industry is easy right now.

Loans 385

Loans Mortgages Loan Officer Lending 385

Housing Wire

JUNE 14, 2023

There has been a seismic shift in the mortgage industry, and it has redefined how mortgage originators must approach the new market , as mortgage rates have more than doubled from their 2022 lows. In a rising rate environment, we often see the industry hone in on the ultra-competitive business of trying to get the lowest rate possible.

Loans 326

Loans Technology Lending Mortgages 326

Housing Wire

SEPTEMBER 2, 2021

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology.

Technology 447

Technology Closing Loan Officer Mortgages 447

Housing Wire

JANUARY 4, 2022

For well over a decade, the industry has made steady progress in digitizing mortgage closings. With eMortgages, when the most critical component of the loan file – the note – is digitized, it allows lenders to expedite the delivery of loan collateral to their investors or warehouse lenders. eMortgage challenges.

Closing 468

Closing Industrial Investor Loans 468

Housing Wire

APRIL 30, 2024

In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage companies navigate market fluctuations and changing consumer behaviors. Instead, we invest heavily in empowering our loan officers.

Loan Officer 447

Loan Officer Technology Loans Finance 447

Housing Wire

NOVEMBER 30, 2022

Cloudvirga’s platform solves for both by creating the best experience for borrowers and loan officers. The Cloudvirga team has been able to dramatically improve the experience of the borrower and the loan officer. For borrowers, a point-of-sale system is typically their first physical interaction with a lender’s brand.

Loan Officer 327

Loan Officer Loans Branding Technology 327

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. Also recognized by the PROGRESS in Lending Association was Mortgage Cadence , which was lauded for its technology innovation.

Lending 372

Lending Mortgages Technology Banks 372

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 406

Sales Mortgages Loan Officer Principal 406

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 342

Sales Mortgages Loans Loan Officer 342

Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

Industrial 361

Industrial Mortgages Lending Technology 361

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 332

Lending Technology Equity Loans 332

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home.

Debt-to-income ratio 378

Debt-to-income ratio Sales Purchase and sale agreement Loans 378

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Origination volume doubled expectations and wide gain-on-sale margins brought on by record low mortgage rates forced the industry to increase their capacity to meet surging loan demand.

Industrial 397

Industrial Mortgages Lending Due diligence 397

Housing Wire

APRIL 10, 2023

As a follow-up, HousingWire sat down with Peter Richter, co-founder and president at Flueid, to discuss why mortgage lenders should be asking for a quick, data-driven title check at loan application, rather than an instant title commitment, to understand and verify what’s going on with a property and consumer from the start.

Title 342

Title Loans Equity Title search 342

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. Promoting well-developed internal controls to understand the root causes of any operational issues and developing a feedback loop will ensure that loan quality is maintained, and loan-origination operations are efficient and effective.

Industrial 397

Industrial Mortgages Development Loans 397

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 345

Industrial Mortgages Principal Loans 345

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business.

Mortgages 448

Mortgages Technology Loan Officer Loans 448

Housing Wire

JANUARY 14, 2021

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning. It has brought in interactive technology and cognitive business process tools as resiliency responses to the crisis. Leveraging eClosings to effectively manage increased loan volumes.

Industrial 501

Industrial Mortgages Lending Loans 501

Housing Wire

SEPTEMBER 30, 2021

The loan origination process can be time-consuming and inefficient due to manual processes. Origence has addressed these common pain points by launching the Origence Mortgage Platform, a tightly integrated point of sale and loan origination system. Michael Farris, Vice President of Strategic Solutions at Origence.

Loans 328

Loans Mortgages Technology Industrial 328

Housing Wire

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023. He will report to Sean Dugan, chief revenue officer at DMT.

Mortgages 416

Mortgages Technology Banks Development 416

Housing Wire

DECEMBER 12, 2023

The new system, which has been in beta-testing for the last several quarters, delivers a fully conditional loan approval “in minutes rather than hours or days,” the company said in a statement. “The engine provides real-time conditional approval for a “large segment of loans,” the lender said.

Loan Officer 460

Loan Officer Loans Technology Lending 460

Housing Wire

SEPTEMBER 18, 2020

As lenders continue to adjust to a new normal, the pivotal role of technology has become increasingly clear in maximizing productivity and keeping lending pipelines flowing. HousingWire: How has COVID-19 impacted technology strategies for mortgage lenders? What are some examples of these strategies?

Industrial 431

Industrial Lending Technology Loans 431

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO).

Loan Officer 403

Loan Officer Lending Technology Loans 403

Housing Wire

MAY 23, 2023

Problems with the current state of appraisals One of the current problems with appraisal is the barrier to entry, said Dawn Svedberg, vice president of sales for Tavant. I think it will give lenders the comfort in knowing they have a solid appraisal and then the loan can move on,” Johnson said. “95%

Technology 364

Technology Lending Inspection As-is 364

Housing Wire

APRIL 15, 2024

The AI -powered portal integrates advanced technologies into A&D Mortgage’s existing partner portal. It notably features a more intuitive user interface, seamless point-of-sale integration, and robust compliance and data security measures. We are excited to introduce AIM to the mortgage industry.

Mortgages 331

Mortgages Technology Lending Loans 331