Housing Wire

SEPTEMBER 21, 2023

Guaranteed Rate ’s PowerVP mobile app aims to enhance loan originators’ ability to keep in constant contact with customers anywhere, at any given time — 24/7. billion in the first six months of 2023, according to data from Inside Mortgage Finance. Agents submitting an offer at 8:30pm? The lender originated $10.6

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Pre-approval Loans Finance Mortgages 404

Housing Wire

OCTOBER 5, 2021

In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. Lead management needs to meet borrower experience, and borrower experience and loan officer experience should unify in one platform.

Mortgages 317

Mortgages Pre-approval Lending Loans 317

Housing Wire

SEPTEMBER 14, 2020

We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. Low interest rates have kept refinance loan volumes robust, but no one knows for how long. It’s time for lenders to finally prepare themselves for mortgage lending in a fully digital world.

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Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

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Realty Biz

SEPTEMBER 15, 2023

Guaranteed Rate, a fintech provider of mortgage lending and digital financial services, has announced its latest offering, 5 Minute Approval. With the new program, the fintech industry frontrunner maintains its commitment to providing the quickest loan process in the nation. Certain restrictions may apply.

Loans 96

Loans Pre-approval Lending Technology 96

Housing Wire

AUGUST 23, 2023

Better faced the deterioration of the mortgage market due to surging rates. Better plans to be a mortgage marketplace that sells its technology platform to other companies. Better partnered with Palantir to create the proprietary loan platform Tinman Marketplace in August 2022.

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Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all.

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Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. Its other products include QuickQual , which is used by lenders in 42 states.

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Housing Wire

SEPTEMBER 2, 2022

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

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Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

Mortgages 370

Mortgages Loan Officer Lending Pre-approval 370

Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. They can go online and understand their FICO score, but mortgage credit scores are different. If an interest rate is too high, borrowers might look elsewhere.

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Housing Wire

MAY 16, 2024

Sarah Wheeler: You came into the mortgage space about nine years ago after leading teams at NTT Data and Infosys. Were you surprised at where the mortgage industry was technology-wise? You might look at technology as diving headfirst into automation, but in his book he talks about automating last.

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Housing Wire

JANUARY 14, 2021

A $12 million funding round will enable digital mortgage marketplace company Own Up to expand nationally, company officials said Wednesday. Own Up, which loosely resembles a mortgage brokerage, will expand to 15 new states in 2021, including California. That’s 23 consecutive weeks with average mortgage rates falling under 3%.

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Housing Wire

JANUARY 26, 2022

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. These risks should be top-of-mind for mortgage professionals, as evidenced by recent changes at Freddie Mac that emphasize risk mitigation and cybersecurity efforts.

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Housing Wire

JULY 5, 2023

With the hearing’s postponement, all related pre-hearing deadlines are extended by 75 days. ICE initially announced the merger with its rival, mortgage software firm Black Knight, in May 2022. Black Knight also sold its loan origination system, Empower , to a subsidiary of Canada’s Constellation Software Inc.

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Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

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Housing Wire

NOVEMBER 18, 2022

Black Knight is preparing to be acquired by ICE, the other behemoth in the mortgage data space. The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market.

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Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

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Housing Wire

FEBRUARY 10, 2022

The ‘housing super app,’ according to investor slides filed with the Securities and Exchange Commission, will provide mortgage pre-approval, “immersive shopping,” facilitate in-person touring, and home financing. billion in revenue.

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Housing Wire

MARCH 4, 2021

Fintech company Plaid has announced the release of Income, a beta product looking to simplify income verification so customers can secure loans, qualify for mortgages, rent apartments, lease vehicles, and more. Plaid’s technology enables apps to connect with users’ bank accounts.

Finance 222

Finance Pre-approval Banks Investor 222

Housing Wire

DECEMBER 6, 2022

However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah.

Loan Officer 370

Loan Officer Pre-approval Loans Agents 370

Housing Wire

OCTOBER 29, 2021

Uday Devalla, EVP, Chief Technology Officer at Sagent. Until recently, mortgage servicing was more about cash-flow math than consumer experience. Some in our industry joke: “who thinks of their servicer when they need a new loan?”. Cut 18 Days Off The Originations-to-Servicing Transition.

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Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? How is a mortgage rate determined?

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Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Housing Wire

AUGUST 31, 2020

Even as lenders make significant investments in new technology and digital infrastructure, they continue to struggle with increasing costs per loan and time-to-close metrics. And it’s Day 1 Certainty approved.”. PRODUCT: AutomatIQ Borrower.

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Realtor.com

APRIL 14, 2021

This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services. ” And did we mention that economists expect mortgage rates to rise? Get pre-approved ASAP.

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Pre-approval Mortgages Loans Banks 111

Realty Biz

OCTOBER 9, 2023

How Blend’s Tool Sets the New Standard One of the latest AI chat tools to enter the real estate market, Blend's AI-powered chat tool is designed to help homebuyers and real estate agents with a variety of tasks, including qualifying for a mortgage, Finding a home, negotiating an offer, and closing on a loan.

Industrial 100

Industrial Pre-approval Loans Agents 100

Housing Wire

MAY 8, 2023

Fintech software and hardware company Mortgage Automation Technologies, Inc. announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc.

Technology 360

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Lab Coat Agents

FEBRUARY 7, 2023

How To Get The Best Mortgage Rate You can do a few things to ensure you get the best mortgage rate possible. Next, consider the type of loan that’s right for you. Many different types of loans are available, so make sure you choose the one that best suits your needs. The minimum down payment for an FHA loan is 3.5%.

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Real Trends

JANUARY 31, 2023

I know some of my colleagues and friends on the mortgage lending side also have experience and hindsight on their side. First-time buyers, especially, may not be aware of the type of documentation and information they will need to pull together when applying for a loan. The home-buying experience is no different in their minds.

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Housing Wire

NOVEMBER 30, 2021

Lenders have come to appreciate the benefits technology can bring – but those benefits are only useful if the implementation of new tools doesn’t make the loan process more complicated. Additionally, the solution leverages artificial intelligence (AI) to guide borrowers through the mortgage application process.

Loans 363

Loans Pre-approval Loan Officer Mortgages 363

HomeLight

JANUARY 12, 2022

But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan. Average time to close.

Closing 111

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Realty Biz

MARCH 11, 2022

AI-based search technology can assist users in making the best decisions. Aside from this, AI technology can quickly get the buyer’s budget, must-haves, and whether or not they’re pre-approved for a loan which are all vital for an agent. AI is transforming how people search for homes. Final Thoughts.

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Housing Wire

JANUARY 4, 2024

What drew you into the mortgage industry? But for a technology executive, coming in at a time like that is where you get to pull back and calibrate with the executive team on what’s really important. The company was founded on an LOS and a dialer technology back then. Does that qualify as legacy technology?

Technology 366

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Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. I think I built a very good system – good process and good technology. “I I think I built a very good system – good process and good technology.

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Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. The Loan Store, Inc. The TLS HELOC has a fully online application process, underwriting system, and valuation model.

Loans 368

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Housing Wire

SEPTEMBER 26, 2023

Mortgage tech firm Blend Labs has added an assets-derived income capability to its existing “Blend Income” product. Blend Income pre-populates a consumer’s loan application with income and employment information derived from the consumer’s direct deposit history. million in Q1 and $45.1 million in Q2 2022.

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Marco Santarelli

JULY 23, 2022

People who recall the subprime mortgage crisis are concerned that the recent spike in home prices followed by a pause signals the bursting of another housing bubble. Many homebuyers may feel that obtaining a mortgage is too risky. There is a lower likelihood that a borrower would default on a mortgage.

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