Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.”

Mortgages 367

Mortgages Loan Officer Equity Lending 367

Housing Wire

OCTOBER 22, 2024

It also targets “bait-and-switch data harvesting,” where data is used under false pretenses, such as offering loans using targeted advertising data. He said the “stage is set for a more data-driven lending environment.” “Consumers now control their financial data, sharing it securely with third parties.

Banks 416

Banks Mortgages Lending Staging 416

Housing Wire

MARCH 27, 2025

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers.

Mortgages 316

Mortgages Loan Officer Technology Loans 316

Housing Wire

MARCH 15, 2021

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. Retail lenders originate loans through their in-person retail branches.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

MARCH 11, 2022

With the increasing regulatory focus on expanding affordable lending programs, mortgage lenders need to have a plan to serve the underserved. Many lenders have historically shied away from offering a robust affordable lending product line, including down payment assistance (DPA) programs and ITIN mortgages. Finding the ‘why’.

Lending 382

Lending Loans Mortgages Industrial 382

Housing Wire

NOVEMBER 12, 2024

Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. I’m excited to join the MAXEX leadership team at this critical growth stage,” he added. “The U.S. “The U.S. MAXEX is based in Atlanta.

Technology 369

Technology Finance Mortgages Lending 369

Housing Wire

DECEMBER 24, 2021

Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. Special purpose credit programs allow lenders to target loan products to benefit protected classes without running afoul of fair lending law.

Lending 409

Lending Finance Banks Equity 409

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. The new product is in the near-final stages of production and will be available in-market by the end of June 2023.

Lending 376

Lending Banks Loan Officer Loans 376

Housing Wire

OCTOBER 15, 2021

Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. Even in its relatively early stages of training the AI models, it is already turning out FI scores between 0.83

Lending 376

Lending Staging Banks Equity 376

Housing Wire

MARCH 28, 2023

A federal judge in Georgia has given the green light for an amended “predatory lending” lawsuit to proceed against Wells Fargo. The lawsuit also alleges that Wells Fargo originated high-cost loans to minorities at a rate of 2.3 The lawsuit was filed under the Fair Housing Act by three counties in Georgia.

Lending 384

Lending Loans Banks Mortgages 384

Housing Wire

OCTOBER 5, 2023

Das, a former CEO of Caliber Home Loans , will begin his new role on Oct. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing.

Technology 409

Technology Loans Lending Residential 409

Housing Wire

NOVEMBER 1, 2023

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. But for some borrowers, a less traditional loan type could make the most financial sense.

Loans 407

Loans Fixed-rate mortgage Lending Loan Officer 407

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. When somebody applies for a home loan, there are several handoffs and requests for information between the borrower and various internal departments.

Lending 368

Lending Technology Loans Industrial 368

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. For an LO working to get the loan to the finish line, this can be a huge time saver. Why do we need them? Who is eligible to take advantage of them?

Loans 396

Loans Inspection Lending Technology 396

Housing Wire

AUGUST 31, 2020

This year’s low rates have led to high loan volumes, and lenders overwhelmed with applications are looking for the best way to handle the increased workload. If a borrower is able to use an online portal to quickly and easily submit an application but they’re stuck waiting for 45 days to close their loan, that creates frustration.

Lending 410

Lending Technology Loans Loan Officer 410

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? for purchase mortgage origination, and he is taking the stage at HW Annual. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. Mindset is everything. Weaver is the No.

Staging 336

Staging Mortgages Lending Loans 336

Housing Wire

AUGUST 26, 2024

Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. according to HomeLight.

Equity 449

Equity Loan Officer Lending Investor 449

Housing Wire

JUNE 10, 2025

2 industry player in reverse-backed securities issuance and one of the top two providers of proprietary reverse mortgage loans, is expanding its product suite beyond government-backed and proprietary reverse mortgages while remaining focused on older customers. Reverse mortgage lender and servicer Longbridge Financial , a no.

Equity 358

Equity Principal Technology Development 358

Housing Wire

JUNE 7, 2022

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Ask anyone in the HR department of a loan origination or servicing shop and they’ll tell you that a storm is coming.

Lending 360

Lending Mortgages HR Title 360

Housing Wire

MARCH 31, 2022

Title reports can be confusing, while at the same time lenders seek to reduce time and friction in the loan origination cycle to remain competitive and provide their borrowers with excellent customer service. Radian Ready is a compliant solution that yields a standard ALTA loan policy meeting investor requirements.

Title 366

Title Loans Technology Industrial 366

Housing Wire

FEBRUARY 12, 2024

The worst times for mortgage originations may be over as the market appears to be turning, but it’s still an unaffordable environment for younger borrowers in particular, according to a fourth-quarter 2023 lending report from Maxwell. And it marks the first year-over-year loan growth for any three-month period since Q1 2022.

Mortgages 479

Mortgages Lending Loans Equity 479

Housing Wire

JUNE 11, 2024

HUD placed Open Mortgage on credit watch for the Des Moines HOC [homeownership center], which only impacts our loans in Iowa,” Christopher D’Auria, president and CEO of Open Mortgage, told HousingWire. “Our direct endorsement authority remains unchanged outside of that HOC. Iowa was responsible for 3.4% of the total, Modex data shows.

FHA loan 448

FHA loan Mortgages Loan Officer Loans 448

Housing Wire

OCTOBER 4, 2023

Digital lending platform Revvin joined forces with Truework , an income and employment verification platform, to provide comprehensive income verification coverage. The new partnership will allow lenders who use the Revvin platform to automatically verify any borrower at any point of the loan application process, according to a news release.

Sales 414

Sales Lending Technology Staging 414

Housing Wire

OCTOBER 26, 2020

The decline was largely driven by a 5-basis-point drop in Fannie Mae and Freddie Mac loans that knocked the GSEs’ rate of forbearance down to 3.72% – the 20th consecutive week the enterprises’ rate has fallen. Borrowers want consistency through the lending process – Here’s how to give them that.

Mortgages 479

Mortgages Loans Lending Staging 479

Housing Wire

AUGUST 15, 2024

However, waiting is not an option for homebuyers in pivotal chapters of their lives—whether starting a family or setting the stage for long-term financial stability. FHA also provides loans for first-time homebuyers, incorporating a 3.5% FHA also provides loans for first-time homebuyers, incorporating a 3.5%

Industrial 449

Industrial Fixed-rate mortgage Banks Loans 449

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

Loans 289

Loans Technology Development Inspection 289

Housing Wire

MAY 26, 2021

will acquire 178,000 loans sold to or securitized by Fannie Mae and Freddie Mac , boosting its overall total servicing portfolio by about 16%. Ocwen’s acquisition of the MSR portfolio is expected to close later in the second quarter, with the underlying loans transferring in September. Ocwen’s subsidiary PHH Mortgage Corp.

Purchase and sale agreement 397

Purchase and sale agreement Banks Lending Loans 397

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Due diligence 462

Due diligence Lending Technology Mortgages 462

Housing Wire

APRIL 9, 2021

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

Loans 332

Loans Purchase and sale agreement Staging Mortgages 332

Housing Wire

AUGUST 14, 2023

Appraisal modernization is generating a lot of buzz in the real estate lending industry. The real estate lending market is more competitive today than it has ever been. Most are focused on one step in the loan process, with many making promises that appraisal modernization is the answer to all lender problems.

Technology 369

Technology Title Staging Loans 369

Housing Wire

JUNE 20, 2024

The fourth quarter of 2023 was the seventh straight quarter of net production loss for lenders , who hemorrhaged an average of $2,109 pre-tax dollars for each loan they originated. Inertia within lending institutions poses a formidable barrier. To combat this, loan officers must be incentivized to embrace innovation.

Loan Officer 415

Loan Officer Pre-approval Technology Lending 415

Housing Wire

MAY 12, 2025

Unlike a loan, there are no monthly payments or interest. HEIs are attractive to homeowners because the payment comes in an interest-free lump sum, rather than being spread out over a period of time and including interest, and because they dont carry the same stringent requirements as traditional home equity loans.

Equity 199

Equity Investor Technology Loans 199

Housing Wire

JUNE 30, 2023

From Anywhere Brands Chief Marketing Officer Amory Wooden to Newrez President Baron Silverstein, this line-up of speakers — who are collectively moving markets forwards — is one we’re excited to showcase on stage in Austin, Texas from Oct. To lean into our Texas roots, this isn’t their first rodeo.

Lending 377

Lending Staging Branding Mortgages 377

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Lending 369

Lending Title Technology Staging 369

Housing Wire

AUGUST 31, 2020

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. Doug Perry: I bring decades of experience to the table, having worked for a number of organizations, including Countrywide Home Loans, Indymac Bank and PennyMac.

Lending 384

Lending Staging Equity Loans 384

Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7 billion (£3.7 billion (£3.7

Finance 370

Finance Marketing Lending Loans 370

Housing Wire

SEPTEMBER 18, 2024

CMG Home Loans , the retail lending division of CMG Financial , has its eyes on growing its dedicated reverse mortgage segment. If I talk to 20 people about this product, I’ll have somebody refer me a loan. He also offers thoughts on retaining clients regardless of their needs. “One

Loans 430

Loans New Construction Mortgages Lending 430