Housing Wire

DECEMBER 12, 2022

HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid , about the need to redefine “instant title” to focus on adding value to loan evaluation and decision-making rather than just delivering the title commitment faster. A faster title commitment should equal a faster closing, right?

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Title Mortgages Loans Loan Officer 395

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.

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Loan Officer Loans Banks Title 406

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. Services , a title and search support servicer, in March. Services , a title and search support servicer, in March.

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Title Mortgages Loans Loan Officer 407

Housing Wire

MAY 20, 2024

The enhancement enables the user to submit a loan request and lets lenders run scenarios to get updated rates. The current multi-phase integration with nCino already enables Polly pricing searches for loans and loan applications within the nCino Mortgage Suite web interface. mortgage, said in a statement. “By

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Mortgages Loan Officer Technology Banks 417

Housing Wire

APRIL 21, 2021

Nebraska-based Charter Title and Escrow has formed a Hispanic division to further assist Spanish-speaking customers, Realtors and loan officers in the region, the company announced on Wednesday. Per Angela Miller, Charter Title agent, Hispanics make up the fastest-growing demographic in the Omaha, Nebraska area.

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Title Marketing Loan Officer Land 383

Housing Wire

APRIL 1, 2021

ServiceLink’s tech-enabled title solution, EXOS Title, combines cutting-edge technology and superior customer service with a nationwide footprint – ultimately getting lenders and their clients to the closing table faster. EXOS Title offers strict adherence to local, state and federal regulatory guidelines.

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Title Title search Loan Officer Closing 291

Housing Wire

NOVEMBER 2, 2022

It’s clear that 2023 will be a very different year for the title industry than what we’ve experienced in the recent past. Regardless, it’s clear that title businesses will need to compete for their share of that available volume, in large part, by differentiating themselves from the competition. Processes, or chokepoints?

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Title Technology Closing Loan Officer 395

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. HW: What are the benefits of having the title provider complete the closing?

Title 395

Title Technology Closing Loan Officer 395

Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday. Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE).

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Title Loan Officer Closing costs Closing 417

Housing Wire

SEPTEMBER 7, 2022

Setting your sights on the future is important for any business owner, agent or loan officer looking to find success in the ever-changing housing market. The Future of Title panel on Oct. 4th includes Pat Stone, Williston Financial Group, Heather Siegel , Qualia, Marcus Hunt, Southern Oak Title and Rachel Luna, Patriot Title Co.

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Loan Officer Title Technology Lending 407

Housing Wire

AUGUST 17, 2023

According to the CFPB, Freedom provided real estate agents and brokers with incentives, including cash payments, paid subscription services, and catered parties in exchange for agent and broker referrals for mortgage loan offerings. A few months later, the CFPB fined Meridian Title Corporation $1.5 million fine.

Mortgages 370

Mortgages Loan Officer Brokerage Title 370

Housing Wire

FEBRUARY 1, 2023

From the real estate agent to the title agent, the real estate transaction is one of the largest money transactions that also has the highest number of people involved. Historically there has been so much focus on choosing the right real estate agent and loan officer. My answer would be your mortgage servicer.

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Loan Officer Title Loans Mortgages 370

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. “For years, Redfin has talked about becoming a one-stop shop for brokerage, mortgage, iBuying and title services.

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Equity Purchase and sale agreement Loan Officer Lending 462

Housing Wire

OCTOBER 14, 2020

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space. Let’s Rocket together.

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Loans Loan Officer Branding Technology 304

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

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Finance Seller concession Loan Officer Loans 454

Housing Wire

SEPTEMBER 27, 2022

million to acquire the tech-enabled home loan platform, which does business in 20 U.S. According to data by mortgage technology platform Modex , LemonBrew loan officers produced $347 million over the last 12 months. The vast majority of loans – more than 80% – are originated by Rocket Mortgage , the data shows.

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Lending Brokerage Loan Officer Technology 370

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year. MMI’s data covers information on mortgage transactions covering more than 95% of U.S.

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Loans Loan Officer Mortgages Title 362

Housing Wire

APRIL 18, 2023

These tools streamline title services and allow both lenders and their agents to manage the closing date, receive updates, securely access documents and understand what is needed for closing day. Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius.

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Closing Title Loan Officer Technology 382

Housing Wire

SEPTEMBER 29, 2022

In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. In a call to all mortgage executives and loan officers, these two speakers are looking to address the way most lenders and loan officers do business.

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Loan Officer Technology Loans Title 383

Housing Wire

OCTOBER 1, 2022

Whether you are in the mortgage, real estate, title or technology sectors of housing, there will be something for everyone to learn and enjoy at HW Annual. . 3 Can't-miss HW Annual panels for new mortgage loan officers. The conference will kick off this coming Monday, Oct. HousingWire Annual. 3-5 in Scottsdale.

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Title Loan Officer Industrial Technology 395

Housing Wire

AUGUST 23, 2023

Loan officers were let go in August as well, according to former employees. Higher salary and director-level titles were affected mostly to hit the number,” the impacted former employee told HousingWire. Last year, the lender rolled out its first personal loan product.

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Loan Officer Loans Mortgages Title 285

Housing Wire

JULY 11, 2022

Black Knight this week launched a tool that enables lenders to compare loan estimates and closing disclosures from closed loans to minimize expenses in a higher rate environment. billion , says its AIP is a framework for analyzing data from multiple data sets across the loan life cycle.

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Loan Officer Loans Inspection Title 370

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Last year, the mortgage firm also had two loan originators produce over $1 billion in mortgages: Ben Cohen and Shant Banosian. According to the NMLS, Owning has 62 loan officers and was formed in 2018.

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Loan Officer Loans Closing costs Title 417

Housing Wire

JANUARY 27, 2022

San Francisco-based startup Vesta, which provides a software-as-a-service platform for mortgage loan originators, announced on Thursday that it raised $30 million through a Series A funding round. The platform supports approval, underwriting, closing, and funding of home loans. The company targets the $2.6 The company targets the $2.6

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Mortgages Loan Officer Investor Loans 383

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The workforce reduction is also focused on mortgage loan production. The company is also laying off four people with the title of vice-president.

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Loan Officer Principal Loans Mortgages 383

Housing Wire

JUNE 28, 2022

Sales Boomerang monitors customer databases on behalf of lenders to identify when a customer is ready for a new loan. The lenders can then offer “the right loan to borrowers at the right time,” Alex Kutsishin, the former CEO of Sales Boomerang, said in January.

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Sales Mortgages Loan Officer Principal 395

Housing Wire

OCTOBER 6, 2022

According to the NMLS, as of October Keller Mortgage had 111 active loan officers spread across 28 branches. As the housing market cools from the frenetic pace of the pandemic market, many firms across the real estate ecosystem from brokerages to proptech companies and title insurers have been forced to make cuts.

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Mortgages Loan Officer Title Lending 370

Housing Wire

FEBRUARY 21, 2023

Lenders who are modernizing across the entire scope of the origination journey — digitizing processes from application and title through close and post-close — are building unprecedented momentum for their businesses. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

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Pre-approval Technology Title Loans 370

Housing Wire

APRIL 17, 2023

For a standalone model, NAF and the partner company will form a mortgage banking company that can support funding loans of at least $150 million annually. In a consortium model, currently popular in the title business , NAF will create a standalone mortgage banking company that will sell shares equal to 50% of the company.

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Brokerage Banks Loan Officer Mortgages 383

Housing Wire

MARCH 4, 2021

In fact, in some ways, title and settlement services-focused providers will be even more pressed to accelerate their compliance programs. TRID is still the law of the land, and nothing suggests that title and closing providers won’t continue to bear the brunt of that compliance requirement.

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Title Lending Closing Loan Officer 417

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. billion in the last 12 months.

Mortgages 370

Mortgages Loan Officer Banks Lending 370

Housing Wire

OCTOBER 12, 2022

The companies say together they will drive digitization and enable relationships across the mortgage ecosystem, “from title and settlement agents to real estate professionals.”. This followed Ginnie Mae ’s formal approval of eSign and RON on loan modifications in November 2021, which also contributes to this growing demand. .

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Title Loans Lending Closing 395

Housing Wire

MARCH 24, 2023

ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. As for the “limitations,” it’s not always correct, and much data has not been updated after 2021. AI can be used to provide a more personalized experience for mortgage customers.

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Loan Officer Development Title Loans 475

Housing Wire

JULY 20, 2023

The Detroit-headquartered lender has been cutting expenses and targeting purchase business, looking to hire local loan officers. News of headcount reductions became public in April 2022, when the lender offered buyouts to 8% of its staff at Rocket Mortgage and Amrock Title. It targeted around 2,000 or so workers.

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Loan Officer Title Mortgages Banks 370

Housing Wire

JUNE 6, 2022

Layoffs included 17 associate loan servicing representatives and eight loan servicing representatives as well as senior operations processors and senior loan servicing representatives. Loan origination volume dropped 26% to $21.6 ’s acquisition of multichannel lender Caliber Home Loans last year. “As

Mortgages 417

Mortgages Loan Officer Lending Loans 417

RIS Media

OCTOBER 21, 2020

Realogy Title Group LLC recently announced the release of a new version of its Title!Snap Snap mobile application, offering real-time title transaction information to real estate agents. – View open order status, and review closed files for the last 12 months. – Buyer Title Premium & Fees.

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Title Loan Officer Closing costs Branding 98

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. billion in mortgage loans in the first quarter of 2022, a 29.7%

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Mortgages Loans Loan Officer Title 370