Mortgage lending volume in 2020 likely to break records

Housing Wire

Fannie Mae , the world’s largest mortgage financier, said mortgage lending this year probably will reach an all-time high of $3.9 The post Mortgage lending volume in 2020 likely to break records appeared first on HousingWire.

[PULSE] Mortgage lending in a post-COVID, digital world

Housing Wire

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S.

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Mortgage lending sets a 20-year record with $1.1T in Q2

Housing Wire

Most took advantage of 3% interest rates to lower monthly payments; cash-out lending comprised just 3 out of 10 refi originations in the second quarter, Black Knight found. The post Mortgage lending sets a 20-year record with $1.1T lenders issued a staggering $1.1

People movers: Notarize, RE/MAX and Planet Home Lending

Housing Wire

Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth. Michaelene Whyte has been promoted from processing manager of the East to VP, national fulfillment, distributed retail, and has been with Planet Home Lending since October 2018.

Refi Sugar High: How to balance your lending diet

Housing Wire

Be proactive now about balancing your lending diet, equipping your staff to handle a range of responsibilities and solidifying your brand’s presence in the marketplace. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire.

With the Origence Mortgage Platform, lenders can adapt their lending experience to meet borrowers’ needs

Housing Wire

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. In return, borrowers have a lending experience that is streamlined and more personalized.

Tavant’s FinXperience brings all parties in the lending process onto one collaboration platform

Housing Wire

With FinXperience, Tavant aims to bring all parties together on one collaboration platform and provide hyper-personalized digital journeys to borrowers, loan officers, brokers, real estate agents, financial advisers and other participants in the lending ecosystem.

Even in Virtual Times, REALTORS® Can Lend Their Voice to Advocate

RIS Media

The post Even in Virtual Times, REALTORS® Can Lend Their Voice to Advocate appeared first on RISMedia. For Chicago-area REALTOR® Nykea Pippion McGriff , the road to engaging in advocacy on issues important to REALTORS® was a natural progression.

MBA Study Finds Home Equity Lending Growth Hindered by Alternative Products and COVID-19

RIS Media

This is according to the Mortgage Bankers Association’s (MBA) 2020 Home Equity Lending Study on lending and servicing of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans (HE loans).

Making sense of ultra-low mortgage rates

Housing Wire

According to one broker, Parkside Lending and Stearns Lending are offering a 15-year-fixed rate as low as 1.75% to some mortgage brokers, depending on the relationship. (We Mortgage Mortgage Rates C2 Financial Featured Parkside Lending Quicken Loans Stearns Lending UWM

CFPB continues to bring actions against mortgage companies targeting veterans with deceptive ads

Housing Wire

On July 24, the CFPB announced consent orders against Sovereign Lending Group, Inc.,

Princeton Mortgage’s Rich Weidel on how small shops can still compete with Rocket and UWM

Housing Wire

Mortgage Origination covid-19 Featured HWplus Princeton Mortgage retail branches retail lending Rich Weidel Technology wholesale lendingRich Weidel, the CEO of family-owned and operated lender Princeton Mortgage , was scared. He saw the big competitors only getting bigger.

Ahead of its big IPO, United Wholesale Mortgage reports record volume and margins

Housing Wire

Mortgage Origination Servicing Earnings report Featured IPO spac United Wholesale Mortgage UWM wholesale lending wholesale marketJust one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter.

The Future of Lending is Through Automation and AI

Patch of Land

It speaks to the growing interest in automation and artificial intelligence in the lending industry. The National Bureau of Economic Research (NBER) has tracked the transformation toward technology-based lending. mortgage lending held by technology-based lenders grew from 2% in 2010 to 8% in 2016. The following article was originally featured in the monthly magazine for Originate Report.

As UWM attempts to build an empire, brokers and rivals weigh in on Mat Ishbia’s $16B plan

Housing Wire

Mortgage Origination Servicing AIME AIME Fuse broker Featured HWplus Mat Ishbia United Wholesale Mortgage UWM wholesale lending

UWM rolls out “game-changing” mobile app for brokers

Housing Wire

The Michigan-based company today officially launched UWM InTouch, a mobile app that it says allows brokers to handle virtually every aspect of the lending process, from underwriting through clear-to-close, without need for a desktop computer. Fintech Loan Origination Tech Proptech broker Broker tech stack Mat Ishbia United Wholesale Mortgage UWM wholesale lendingJust days after announcing that United Wholesale Mortgage would be going public in the fourth quarter at a $16.1

Despite this year’s short pause, demand for non-QM is stronger than ever

Housing Wire

HousingWire spoke to Doug Perry, Citadel’s new managing director of Wholesale and Retail Sales, about his plans for Citadel and the current state of non-QM lending. HW: What does the demand for non-QM lending look like now following the sector’s pause earlier this year?

California expands oversight of consumer protection watchdog

Housing Wire

We have already seen an increase in predatory financial lending and scams as the most vulnerable in our state try to weather the economic downturn induced by the COVID-19 pandemic,” said Manuel Alvarez, DBO commissioner.

CFPB settles with seventh company for misleading ads targeting veterans

Housing Wire

and on July 24 against Sovereign Lending Group, Inc.,

Grab the Key video promotes Black homeownership

Housing Wire

Black Homeownership black homeownership Jim Crow laws Predatory lending RedliningBack in May, the HousingWire executive team made a commitment to focusing on obstacles to Black homeownership in our news coverage.

Inside Rocket’s new strategy to win over brokers

Housing Wire

Mortgage Origination Uncategorized Austin Niemiec Quicken Loans Mortgage Services Rocket Companies Rocket Mortgage third party originator wholesale lending

Again, Credit for Builders Tightens While Rates Decline

Eye on Housing

Read More › By the Numbers Data ad&c lending ad&c loans ADC construciton loans construction lending credit conditions economics home building housing interest rates lending single-family

With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

How LOs are dealing with an explosion of activity in NYC’s suburbs

Housing Wire

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City.

[PULSE] Even during origination surge, don’t forget to brush up on compliance

Housing Wire

Do you mandate training (regular, continuous and updated) on the basics like Dodd-Frank, Fair Lending and the most aggressive state-level rules and regulations? And, thanks to our unique system of regulating mortgage lending at the federal and state level, it’s ever-changing.

Knock’s ‘Backyard’ system helps agents easily manage HomeSwap

Inman

Agent Mortgage News Brief Opinion Select Technology home buying home selling HomeSwap knock Knock certified agents lending mortgage mortgage lending online mortgage

People movers: Sagent, Homespire Mortgage, Title Partners

Housing Wire

His background includes serving as a technology executive at Bank of America , where he helped build and run the industry’s first non-agency automated underwriting system and proprietary loan origination system, and most recently, he was chief information officer at Stearns Lending , where he led digital transformation in U.S. People Movers Bank of America Daniel Lorimer Homespire Mortgage Michael Hass People Mover Sagent Lending Technologies Scott Valletti Title Partners Uday Devalla

Title 141

Manage leads, listings and loans with Townify

Inman

Home Search Lead Nurture Lending & Mortgage Marketing Open House Opinion Select Social Media Tech Reviews Technology Websites agent producitivity consumer search New American Lending PropTech real estate technology single-property websites technology reviews Townify web apps

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Home Point Financial launches community foundation with initial $1 million grant

Housing Wire

In an August HousingWire webinar, Phil Shoemaker , Home Point president of originations, said he was thrilled to see the collaborative environment wholesale lending has experienced in the past several years, and noted that the lenders that were truly going to come out on top were the ones that were willing to build the community together. “We’ve

AmeriHome plans to go public – Let’s look at the numbers

Housing Wire

correspondent Correspondent lending Initial public offering IPO servicing portfolioAmeriHome on Thursday became the latest mortgage lender to file for a public offering, the latest to do so amid a coronavirus pandemic that has helped spur record origination volume this year.

Digital lender Beeline goes on a hiring spree

Housing Wire

HousingJobs Beeline digital lending Featured Loan Guides loan officer jobs mortgage hiring underwriter jobs

The digital mortgage platform empowering the rise of community lenders

Housing Wire

Sponsored Content Community Lenders community lending Digital mortgage digital mortgage platform fulfillment platform John Paasonen Maxwell maxwell fulfillment platform sponsored

DOJ files complaint against lender for alleged use of unqualified underwriters and forgery

Housing Wire

Enforcement Mortgage Politics & Money Reverse Alston and Bird LLP deceptive lending Edward Kang HECM HECM program HOME EQUITY CONVERSION MORTGAGES housing enforcement Nutter Home Loans underwriter forgery

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Employee-owned Axia launches new wholesale division

Housing Wire

Mortgage Origination Axia Home Loans wholesale lending wholesale market Wholesale mortgagesAxia Home Loans , a Washington-based lender with an unusual ownership structure , is looking to break into the ultra-competitive wholesale space.

Knock’s expansion plans on track with new Florida markets

Inman

Three Keller Williams offices in central Florida will become Knock-certified as alternative lending company continues push toward 11 markets before year's end. Industry News Select banking and lending EasyKnock Home Swap ibuyer keller williams Keller Williams LeHeup Group Keller Williams Realty of Central Florida LLC Keller Williams Suburban Tampa knock mortgage mortgage rates orlando tampa The Chadwick Group