Housing Wire

FEBRUARY 20, 2024

“Most technologies are not architected to do a million loans every five minutes.” “Most technologies are not architected to do a million loans every five minutes.” ” Ardley can help servicers with retention strategies and find new deals within their portfolio.

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Technology Loans Staging Equity 339

Housing Wire

AUGUST 1, 2021

More than ever, borrowers want and expect to close their loans digitally, from the initial loan application through the final review and approval of their loan package. The technology is easy to learn, cost-effective, and is fast to implement,” said Gagliano. Rich Gagliano, President, Origination Technologies.

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Closing Loans Closing costs Technology 368

Housing Wire

OCTOBER 4, 2023

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. Income verification technology is typically used for the loan origination process.

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Sales Lending Technology Staging 337

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

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Loan Officer Technology Loans Banks 331

Housing Wire

APRIL 10, 2024

In practice, these rules prohibit giving or accepting a thing of value for referrals of settlement services in federal mortgage loans. Violations identified vary across different stages of the loan process. These services include educating the borrower, explaining the different loan types, and demonstrating monthly payments.

Banks 350

Banks Brokerage Mortgages Loans 350

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.

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Loans Technology Development Inspection 233

Housing Wire

DECEMBER 22, 2023

The firm announced Thursday that MyHome , a WFG subsidiary, has acquired technology and marketing services provider Volly. In a statement, WFG said that it believes this addition will enable it to help its lender customers generate and convert more leads, and reduce the time and cost associated with loan transactions.

Title 375

Title Staging Technology Banks 375

Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

Mortgages 397

Mortgages VA loan FHA loan Staging 397

Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. Those lenders – and their loan officers – are then operating at an incredible disadvantage. HousingWire: You specifically call out the loan officer.

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Loan Officer Loans Technology Investor 361

Housing Wire

OCTOBER 16, 2023

If you are using it in marketing, we need to make sure it does not infringe intellectual property,” Stucky said at an AI session at the 2023 Mortgage Bankers Association Annual Convention & Expo in Philadelphia on Monday. “With this rapidly evolving technology, there are a lot of risks.

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Due diligence Lending Technology Mortgages 389

Housing Wire

AUGUST 1, 2023

Stavvy and Brace’s unified services are set to deliver an unparalleled solution, encompassing every critical stage of default servicing – from the initial homeowner inquiry to the ultimate resolution,” Kosta Ligris, CEO and founder of Stavvy said in a statement.

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Lending Title Technology Staging 324

Housing Wire

JULY 31, 2022

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. CXChoice is an integrated SaaS technology and production platform used to assign notaries to each order, based upon criteria set by the client.

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Closing Title Technology Staging 307

Housing Wire

JUNE 20, 2023

Most of the 51 entries dedicated to HUD are in the “proposed rule stage,” the second of five stages involved in the process prior to full implementation and actual regulatory authority. An initial notice on this proposal is expected this month.

Staging 315

Staging Equity Loans Mortgages 315

Housing Wire

DECEMBER 22, 2023

For Gen Z, technology is second nature Gen Z is considered those who were born between 1997 and 2012 — today, members of Gen Z are between 11 and 26 years old. We are the cohort succeeding millennials and have grown up with rapid technology progression, an increase in multi-generational households and the “influencer” era.

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Branding Technology Finance Industrial 419

Housing Wire

SEPTEMBER 11, 2023

Lenders often rely on their post-closing QC process to identify and rectify loan quality and/or compliance issues. The industry reorients itself to focus on purchase loans, HELOCs and new products, and as mortgage servicing rights (MSR) values increase, lenders raise cash by selling off a portion of those.

Mortgages 354

Mortgages Loans Lending Industrial 354

Housing Wire

OCTOBER 27, 2022

Neville said he is leaving LoanLogics, a data-driven mortgage audit, income calculation and loan quality software provider, in the “capable hands” of Parker. His professional career spans three decades and roles in companies of varying growth stages, with leadership positions at Fiserv, CoreLogic and Wells Fargo Home Mortgage.

Technology 313

Technology Loans Mortgages Lending 313

Housing Wire

APRIL 19, 2022

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Redwood is not backing away from its venture capital pursuits.

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Equity Technology Investor Residential 349

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. This comes as no surprise.

Mortgages 354

Mortgages Technology Closing costs Title 354

Housing Wire

NOVEMBER 22, 2023

In October, there were 217,000 loans in active foreclosure , up 3,000 since September. Additionally, 70% of these loans are protected from foreclosure by loss mitigation efforts. Meanwhile, early-stage delinquencies (30 and 60 days past due) also took a dive, down 15,000 borrowers month over month to 1.7 million in total.

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Staging Loans Mortgages Finance 345

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

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Closing Title Loan Officer Technology 297

Housing Wire

FEBRUARY 28, 2022

Mortgage professionals need a solution that gives them total insight across the customer life cycle and that can offer multiple functionalities that keep them top of mind with customers – even after the loan closes. Surefire provides total insight across the customer loan life cycle and complete digital asset management.

Marketing 317

Marketing Mortgages Branding Lending 317

Housing Wire

OCTOBER 23, 2023

While the mortgage delinquency rate remains low compared to pre-pandemic levels , the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor report. Meanwhile, early-stage delinquencies (30 and 60 days past due) continued to increase. This makes it the second and largest annual increase in the last 2.5

Mortgages 405

Mortgages Staging Loans Sales 405

Housing Wire

APRIL 3, 2024

The only entity to be immediately impacted in the initial rebranding stage is Ocwen itself, but a version of the new name is expected to roll out to both Liberty and PHH at some point in 2024. The company has also established capital-partner relationships and has made a series of technological investments into its platforms, he said.

Branding 310

Branding Mortgages Staging Equity 310

Housing Wire

JULY 18, 2022

The total number of loans in forbearance decreased by 4 basis points to 0.81% of servicers’ portfolio volume in June from May , per data from the MBA. The largest decline in June came from portfolio loans and private-label securities (PLS), which dropped 18 bps to 1.69% of the servicers’ total portfolio volume.

Mortgages 373

Mortgages Loans Lending Staging 373

Housing Wire

MAY 5, 2022

While it is unclear at this stage how regulators will evaluate the proposed combination, we think divestitures could help the odds of a deal closing, particularly Black Knight’s loan origination system Empower.”. The company provides servicing software for 36 million active first and second lien mortgage loans.

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Loans Mortgages Technology Closing 372

Realty Biz

SEPTEMBER 12, 2022

Fortunately, we live in the age of technology, and there are constantly new tools popping up on the market. Wondering about the latest in real estate technology for real estate agents? Loan Management Tools. Another type of technology that’s growing in prominence in the real estate industry is the loan management tool.

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Technology Agents Staging Loans 75

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.

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Purchase and sale agreement Banks Lending Loans 390

Housing Wire

OCTOBER 11, 2022

For decades, mortgage lenders have relied on purchased lead lists to ferry in loan revenue. Unfortunately, purchased leads are expensive, and their lofty price tag does not guarantee they will convert to closed loans. The mortgage industry needs to face the facts: today’s approach to lead generation is broken.

Staging 323

Staging Loans Mortgages Sales 323

Housing Wire

MARCH 23, 2021

Last month’s uptick was mainly driven by an increase in the number of properties that are in early stage delinquency (30 days or more past due) but are not yet in foreclosure. Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry. But the MBA still estimates 2.5

Loans 420

Loans Staging Mortgages Industrial 420

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. Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help.

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Lending Technology Loans Loan Officer 404

GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain. Expanding access to home financing options.

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Technology Marketing Purchase and sale agreement Equity 136

Housing Wire

MARCH 2, 2021

Kutsishin will outline a borrower retention game plan designed to ensure every borrower has the right loan, right now. He’s also famous for going all-out as a speaker, whether on a live or virtual stage, and has promised to bring his A game to the summit. The focus of the Spring Summit is The Year-Round Purchase Market.

Technology 362

Technology Staging Loans Design 362

Housing Wire

DECEMBER 6, 2022

Hispanic Americans represent a fast expanding segment of borrowers with an increasing number seeking home loans and homeownership. Even with the introduction of more digital tools to provide home buyers with a technology-enabled user experience, Spanish-speaking borrowers often encounter obstacles to homeownership during the lending process.

Lending 371

Lending Loans Land Mortgages 371

Housing Wire

JULY 26, 2021

New entrants continue to join the market with better technology and digital processes to simplify the loan process and provide fast closing experiences to meet consumer needs. As the refi-crunch subsides and homebuyers are increasingly competing against faster all-cash offers, speed once again is center stage.

Title 404

Title Lending Staging Technology 404

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.

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Lending Technology Loans Industrial 316

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. With that in mind, imagine you are reviewing a loan application.

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Title Mortgages Loans Loan Officer 332

Housing Wire

OCTOBER 15, 2021

Roostify CEO and Co-founder, Rajesh Bhat, told FinLedger that RDI operates as an API microservice, so it can be integrated at any stage in the lending process that works for a lender, regardless of whether Roostify is part of the lender’s tech stack or not. loan applications through its current platform.

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Lending Staging Banks Equity 293