Housing Wire

APRIL 27, 2023

Financial wellness technology company EarnUp reached a new milestone last quarter, helping millions of Americans schedule mortgage, auto, and student loan payments through its Payday to Payday program and technology. The company says it processed more than 50 million payment transactions worth $43 billion in total as of Q1 2023.

Technology 305

Technology Lending Principal Loans 305

Housing Wire

FEBRUARY 15, 2023

The TrustEngine Borrower Intelligence Platform, as the platform is called, wraps around the entire mortgage tech stack to drive origination volume by “identifying loan opportunities and engagement strategies tailored to each borrower’s needs,” the companies said in a statement Wednesday.

Sales 322

Sales Mortgages Loans Loan Officer 322

Housing Wire

MAY 9, 2024

The company’s volume in the first quarter consisted mainly of purchase loans, representing $22.1 billion in closed loan volume from January to March. Pricing strategies UWM’s profit on each loan also increased in the quarter, exceeding the pre- Game On pricing initiative launched in June 2022. million in cash.

Sales 238

Sales Principal Loans Mortgages 238

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 421

Technology Development Title Lending 421

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. Loan production was $99.4 of the loan servicing market, 3.6%

Technology 352

Technology Loans Principal Mortgages 352

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 357

Due diligence Mortgages Principal Lending 357

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 357

Due diligence Mortgages Principal Lending 357

Housing Wire

FEBRUARY 14, 2024

Additionally, modern mortgage servicing software and Application Programming Interfaces (APIs) automate investor reporting and compliance and create a more efficient workflow, effectively allowing servicers to service loans in-house to maximize their advantages. These benefits add up to a decisive competitive advantage for these institutions.

Investor 315

Investor Loans Mortgages Principal 315

Housing Wire

JANUARY 10, 2022

PennyMac Financial Services announced today that it’s launching a new technology platform for its broker channel, and it has rebranded its broker division from PennyMac Broker Direct to Pennymac TPO. ” The timeline for the platform’s launch has not been made public. As of Sept.

Principal 346

Principal Lending Loans Technology 346

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

FEBRUARY 6, 2023

He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. billion and injected $925 million into UWM to develop new technology and grow the broker channel. Recently, UWM gave brokers discounts to be used on any loans, with up to 40 basis points per loan, which raised regulatory concerns.

Principal 355

Principal Finance Mortgages Loans 355

Housing Wire

OCTOBER 26, 2021

Tom Richardson, head of strategic capital principal technology investments at Wells Fargo Strategic Capital, said in a statement that the capital “will help them achieve their business goals and continue to expand their product offering.”. The company will not own the loans but sell to investors, picking up the spread.

Mortgages 351

Mortgages Principal Loans Investor 351

Housing Wire

JUNE 28, 2023

Most mortgage professionals have either started to adopt artificial intelligence (AI) or are at least aware of how it can be adopted to make the loan origination process more efficient. “Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said.

Industrial 342

Industrial Mortgages Principal Loans 342

Housing Wire

DECEMBER 14, 2022

She previously held several roles at Fannie Mae, including financial analyst, manager of corporate planning, director of enterprise system operations and ultimately, director of loan operations. Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae.

Principal 332

Principal Development Finance Industrial 332

Housing Wire

JUNE 28, 2022

In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment. The two companies’ technology solutions are already tightly integrated and the relationship between their executives was a bonus to LLR Partners, Ryder told HousingWire in January.

Sales 378

Sales Mortgages Loan Officer Principal 378

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 373

Loans Principal Mortgages Technology 373

Housing Wire

DECEMBER 15, 2021

Loan originations in dollars increased by more than 25% since the third quarter of 2020, and 44% of loan clients are in Latin America. The Bitcoin-backed mortgage product accepts Bitcoins and properties as collateral for loans to clients that want to purchase new real estate or finance a property they already own.

Mortgages 413

Mortgages Lending Banks Investor 413

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 331

Principal Loans Technology Mortgages 331

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform.

Mortgages 291

Mortgages Investor Loan Officer Principal 291

Housing Wire

MARCH 1, 2024

.” Take a look at the full list of this year’s honorees below!

Finance 373

Finance Principal Construction MLS 373

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 company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Six months ago Interfirst Mortgage Co.

Loan Officer 357

Loan Officer Principal Loans Mortgages 357

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. Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In

Equity 383

Equity Finance Purchase and sale agreement Investor 383

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 337

Mortgages VA loan Loans Technology 337

Housing Wire

SEPTEMBER 1, 2023

Pennymac Loan Services and RoundPoint Mortgage Servicing reported this week their customers were exposed to a data breach through the Sovos Compliance software , per filings with the Attorney General in California. Pennymac Loan Services was ranked No. billion in unpaid principal balance (UPB) as of June 30, up 2% from March 31.

Principal 329

Principal Loans Mortgages Finance 329

Housing Wire

MARCH 1, 2023

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. billion in mortgage loans in the fourth quarter of 2022, compared to $33.4 Purchase loans grew from 38.5% ” UWM originated $25.1

Principal 290

Principal Loans Mortgages Technology 290

Housing Wire

MAY 23, 2022

The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. The office at Thousand Oaks accounted for the largest layoff notifications — of 97 employees, including 25 loan officers. In the Moorpark office, the firm will eliminate 52 positions, including 14 loan officers.

Loan Officer 393

Loan Officer Loans Principal Mortgages 393

Housing Wire

MARCH 25, 2022

Most of the positions to be eliminated are home loan specialists, including those with expertise in refinancing. In Roseville, where the company has a consumer-direct business and information technology organization, Pennymac will eliminate 81 positions. In loan service, it is at 4.1% in 2021, compared to 2.3% of the market.

Lending 381

Lending Principal Loans Banks 381

Housing Wire

AUGUST 1, 2023

Name Job Title Company Name Agnes Standowicz Senior Vice President and Head of Underwriting United Wholesale Mortgage Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Ali Haralson President Auction.com Amanda Tucker Chief Risk and Compliance Officer Atlantic Bay Mortgage Company Amy Gromowski Executive of Science and Analytics (..)

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

JANUARY 5, 2022

Think technology and service providers, too — a smaller mortgage market affects everyone. There’ll be plenty of racing To people displacing As loans disappear… It’s the most awfullest time of the year! Only people, NOT TECHNOLOGY — can fill the knowledge gap. Dan Green is Principal at The BlackFin Group.

Industrial 441

Industrial Mortgages Principal Technology 441

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 449

Mortgages Fixed-rate mortgage Loans Loan Officer 449

Housing Wire

APRIL 27, 2023

. “Our large servicing portfolio provides strong and consistent cash flows, enabling us to remain profitable while also continuing to invest in the technology supporting our businesses.” billion in unpaid principal balance (UPB) as of March 31, up 2% from December 31. . ” The servicing segment pretax income was $57.4

Principal 353

Principal Banks Loans Mortgages 353

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 324

Industrial Mortgages Principal Loans 324

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. LLR Partners, which led a $26.5

Investor 283

Investor Sales Mortgages Loan Officer 283

Housing Wire

JANUARY 12, 2024

Principal among these are: Invested capital “requires” the highest return. If that were the case, the government itself could charge individuals and institutions a usurious amount for loans or for the creation of infrastructure. This area is a failure of proptech, abject to be sure. Why is this the case? Investors’ No.

Finance 357

Finance Principal Residential Development 357

Housing Wire

JANUARY 5, 2022

Reverse Mortgage Funding, LLC (RMF) has acquired a portfolio of mortgage servicing rights (MSRs) and other assets from industry-leading lender American Advisors Group (AAG), which consists of more than 75,000 loans totaling $12.1 billion in unpaid principal balance (UPB).

Mortgages 355

Mortgages Principal Loans Industrial 355

Housing Wire

JANUARY 4, 2021

National Title and Escrow , which is based in Dexter, Missouri, announced its acquisition of Mississippi County Abstract and Loan , based in Charleston, Missouri. All of us are ready to put our expertise, resources and technology to work for our new customers.”.

Title 367

Title Principal Land Loans 367

Housing Wire

AUGUST 3, 2023

billion in sold loans through its direct-to-consumer channel and $9.6 HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As million loans service, with approximately $500 billion in unpaid principal balance.

Loans 314

Loans Mortgages Loan Officer Principal 314