Housing Wire

MAY 9, 2024

“I am pleased to report that our first-quarter results demonstrate the continued success and disciplined execution of our strategy with growth in originations, market share gains, and the addition of more than 600 licensed loan originators,” said Terry Schmidt, Guild CEO. Net revenue sharply increased to $231.8 million from only $57.2

Principal 276

Principal Technology Mortgages Loans 276

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 408

Technology Development Title Lending 408

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 437

Mortgages Loan Officer Loans Equity 437

Housing Wire

AUGUST 9, 2023

“Unlike others that are more reactive to cyclical market conditions, we will continue to be aggressive in our technology and product investments. billion in mortgage loans in the second quarter of 2023 “despite a historic decline in industry-wide origination volume during 2023,” according to Ishbia. UWM originated $31.8 UWM had $294.9

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There’s been increased activity in the last two weeks [more] than the last two months. How fast we move past that is up for debate.”

Mortgages 449

Mortgages Fixed-rate mortgage Equity Loans 449

Housing Wire

MAY 10, 2023

billion in mortgage loans in the first quarter of 2023, compared to $25.1 billion in purchase loans in the first quarter, a record for the quarter. .” In June 2022, the company launched the program ‘Game On,’ slashing prices across all loans by 50 to 100 basis points. UWM originated $22.3 UWM recorded $19.2

Loans 364

Loans Principal Mortgages Technology 364

Housing Wire

FEBRUARY 14, 2024

In the article, Moody’s said they anticipate an increase in MSR sales in 2024, which will result in a short-term gain in liquidity at the expense of a weaker franchise in the future. Well-trained staff using the right mortgage servicing software can service 700 or more loans per employee. Why should lenders retain servicing?

Investor 300

Investor Loans Mortgages Principal 300

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

MARCH 1, 2023

wholesale lender, maintained flat gain-on-sale margins relatively in the fourth quarter of 2022, despite competitive pricing initiatives. Mat Ishbia , UWM’s chairman and CEO, said in a statement the company became the overall mortgage origination leader in 2022 while originating loans exclusively through the wholesale channel.

Principal 274

Principal Loans Mortgages Technology 274

Housing Wire

AUGUST 26, 2022

Both HELOCs and non-QM loans are made to order for today’s mortgage market. They generally come with flexible guidelines, longer terms, alternative documentation and more forgiveness of credit events—things you wouldn’t see in agency loans but not necessarily risk factors. Lee Smith: Definitely. Non-QM products are more expansive.

Mortgages 322

Mortgages VA loan Loans Technology 322

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

Equity 366

Equity Finance Purchase and sale agreement Investor 366

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 308

Industrial Mortgages Principal Loans 308

Housing Wire

AUGUST 2, 2021

Vice President of Technology Services. Nexsys Technologies. Principal and Chair, Financial Instituions Regulatory Practice Group. Head Strategy and Sales. VP, Sales Training. SVP, Loan Administration. SVP, Enterprise & Strategic Sales. Head of Sales & Operations. Carrie Gusmus.

Title 393

Title Lending Finance Technology 393

Housing Wire

SEPTEMBER 30, 2022

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. The 10-year note went from 3.51% to 3.72% in the same period.

Mortgages 448

Mortgages Fixed-rate mortgage Loans Loan Officer 448

Housing Wire

NOVEMBER 17, 2022

Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. .

Marketing 350

Marketing Lending Loans Principal 350

Housing Wire

MARCH 12, 2024

President and CEO Frank Martell said in a prepared statement that the company made progress last year by “significantly resetting its cost structure and making critical investments in our technology platforms and business processes.” But its pull-through gain-on-sale margin was 2.75% last year, better than the 1.94% registered in 2022.

Principal 327

Principal Mortgages Equity Technology 327

Housing Wire

NOVEMBER 8, 2023

“We are investing in new technology and hiring new team members to ensure that we are prepared for the eventual turn in rates.” billion in mortgage loans in the third quarter of 2023, lower than the $31.8 billion in purchase loans in the third quarter, a decrease from $28 billion in the second quarter of 2023 and $27.7

Principal 267

Principal Mortgages Loans Closing 267

Housing Wire

AUGUST 3, 2023

Gain-on-sale margins posted for the second quarter of 2023 was 267 points, up from the previous quarter’s 239 points. billion in sold loans through its direct-to-consumer channel and $9.6 million loans service, with approximately $500 billion in unpaid principal balance. By channel, Rocket reported $12.4

Loans 297

Loans Mortgages Loan Officer Principal 297

Housing Wire

SEPTEMBER 30, 2020

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. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

Lending 195

Lending Mortgages Technology Loan Officer 195

Housing Wire

MAY 5, 2021

Closed loan volume in the first quarter increased to $41.5 “Interest rates began to rise in late Q1, and there has been a corresponding reduction in market opportunities and gain on sale margins as a result. The unpaid principal balance of our servicing portfolio increased by 26% to $129.7 billion from $37.4

Marketing 256

Marketing Principal Technology Loans 256

Housing Wire

FEBRUARY 24, 2022

billion in loan originations, down 30% compared to the same period of 2020 and 13% compared to the third quarter of 2021. Purchase volume grew 76% year-over-year due to focus on a “technology-driven client experience,” the company said. Executives are forecasting the gain-on-sale margin to be between 2.80% and 3.10%.

Mortgages 370

Mortgages Principal Loans Branding 370

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. With gain on sale margins expected to be at around 30 to 60 bps in the third quarter, there’s no question UWM is losing money, analysts said.

Equity 402

Equity Loan Officer Loans Mortgages 402

Housing Wire

JANUARY 7, 2021

Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor. In 2019, QuestSoft added a CRA Saleability module to the platform to help lenders identify potential investors based on geographic location.

Mortgages 228

Mortgages Lending Loans Investor 228

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 As part of the restructuring, there will be winners (the buyers) and there will be losers — those whose names disappear from the corporate registries due to sales, mergers or failure, observers told HousingWire. trillion in volume, according to industry forecasters. trillion to $1.7

Banks 397

Banks Mortgages Loan Officer Due diligence 397

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation. We have compression in the margins we are able to make on loans.

Mortgages 377

Mortgages Loans Investor Equity 377

Housing Wire

NOVEMBER 4, 2022

Purchase loans accounted for 82.7% Since the start of Game On, we’ve had thousands of loan officers try us for the first time, experiencing our technology, our services and quickly realizing that partnering with UWM can help them win in any market.”. UWM originated $33.5 billion in production. UWM had $799.5 billion.”.

Principal 80

Principal Loan Officer Loans Mortgages 80

Housing Wire

JULY 22, 2022

The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding. The bank also indicates it may adjust “haircuts” — the percentage of the loan the originator must fund itself to ensure it has skin in the game.

Lending 351

Lending Banks Bankruptcy Loans 351

Housing Wire

SEPTEMBER 10, 2020

And in July, it announced its formal launch of Orchard Home Loans. We also give them something called a guaranteed sale price,” Cunningham added. The company charges a one-time 6% fee on the sale of the customer’s old home. “We They can work with any lender of their choice, including Orchard Home Loans.

Title 228

Title Branding Principal Loans 228

RIS Media

JULY 30, 2021

“The unmatched power of Realogy’s strategic progress, innovation through technology, and leading presence in the luxury market, combined with our robust growth investments, position our business to lead into the future.” ” Highlights: – Generated Revenue of $2.3 and senior secured leverage ratio of 0.00x.

Branding 98

Branding Principal Title Equity 98

RIS Media

JANUARY 24, 2022

Low mortgage rates over the summer led to a 7% increase in national home sales in September. As they fund a quarter of all conforming loans , their acceptance of digital appraisals will lead the industry to accept a hybrid, digital-offline model in the next few years. in May, when the home sales volume was highest.

Lending 89

Lending Inspection Technology Industrial 89

RIS Media

SEPTEMBER 21, 2021

She began her real estate career 16 years ago, focusing on new construction sales. As her career evolved, Gibbens became a specialist in another area, CAFO or concentrated animal feeding operation sales. With professional experience in customer service, Gibbens prides herself on focusing on serving the needs of her clients.

Loan Officer 67

Loan Officer New Construction Brokerage Principal 67

McKissock

MARCH 8, 2022

This requirement applies to all appraisals performed on loans sold to Freddie Mac.”. Additionally, note that in these Fannie Mae and Freddie Mac desktop appraisals, the appraiser does not visit the neighborhood or observe the comparable sales from the street. Are extraordinary assumptions allowed?

Inspection 88

Inspection MLS Technology Loans 88

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

Closing 77

Closing Inspection Title Due diligence 77

Notorious ROB

DECEMBER 19, 2022

If buyers don’t know about my home for sale, and certainly their buyer agent belonging to the local MLS isn’t going to tell them because the home is not in the local MLS, then how do I get any traction? We aim to increase the number of purchase loans, loans per officer, and Zillow Home Loans customer adoption rate.

MLS 79

MLS Agents Pre-approval Brokerage 79

Realtor.com

APRIL 5, 2021

A Who’s Who of investors and home-rental firms flocked to the December sale. They dominated the market for a few years, accounting for about a third of sales in some markets and setting a floor for falling prices. which now reports wholesale home sales to bulk buyers in its quarterly results. There wasn’t much competition.

Investor 59

Investor Finance Banks Principal 59

Redfin

AUGUST 3, 2022

Debts include recurring bills, such as car payments, daycare payments, and student loans. The safest rule of thumb dictates that your mortgage loan payment should not exceed 28% of your monthly gross earnings. PMI becomes part of your mortgage payment to protect the lender—not you—if you stop making payments on your loan. .

Pre-approval 76

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 76