Housing Wire

NOVEMBER 2, 2023

Amid the most challenging mortgage market in decades, Rocket Companies , the parent of Rocket Mortgage , remained profitable in the third quarter of 2023, showing higher margins in the direct-to-consumer and wholesale channels. billion of unpaid principal balance to its portfolio. Rocket’s liquidity improved in Q3 to $8.7

Principal 399

Principal Loans Technology Mortgages 399

Housing Wire

MARCH 1, 2024

In the context of the transaction, investors will benefit from a two-year revolving period during which they can reinvest their principal payoffs to purchase additional newly originated loans. We aim to build upon our technology and AI capabilities to further serve our customers and drive our performance as we continue to grow.”

Closing 335

Closing Investor Principal Residential 335

Housing Wire

DECEMBER 29, 2023

The decline in mortgage rates in November helped financially strained homebuyers, according to ICE Mortgage Technology ‘s latest Home Price Index data. of the median household income to cover the principal and interest payment on a median-priced home, down from 40.3% As a result, mortgage demand ticked up as well last month.

Principal 419

Principal Technology Mortgages Finance 419

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement.

Principal 380

Principal Brokerage Agents Technology 380

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375.

Principal 373

Principal Technology Equity Residential 373

Housing Wire

SEPTEMBER 20, 2023

The Makinney Group, led by principal agent Tom Makinney, has joined Compass in Chicago , the company announced on Wednesday. The Makinney Group, recognized for their community involvement and referral transactions, brings 35 years of combined experience in the Chicagoland real estate market to Compass.

Principal 352

Principal Brokerage Agents Technology 352

Housing Wire

DECEMBER 14, 2023

Of the nine open board of director seats, four went to MLS or Realtor association representatives and five went to members representing technology companies, developers, partners or consultants. Of the winners, Fairley, Jensen, Cohen, Evans and Wurzer all currently hold seats on the board of directors. “The

MLS 354

MLS Technology Principal Industrial 354

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. Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housing market forward.

Technology 413

Technology Development Title Lending 413

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. In its 4th year, 40 honorees were recognized.

Finance 363

Finance Principal Construction MLS 363

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The loan offering is being marketed with assistance from Citigroup Global Markets Inc. million; and pool 3, $312.9

Loans 375

Loans Purchase and sale agreement Principal Due diligence 375

Housing Wire

NOVEMBER 17, 2022

Of those issuers already compliant with RBCR, many have ample equity capital to support the acquisition of MSRs that may come on the market.” They will depress it (the market). ” The current MSR market. “The MSR market softened considerably,” said Carnes. multiple market. ” . “And

Marketing 357

Marketing Lending Loans Principal 357

Housing Wire

MAY 5, 2021

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. “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. That company gave a 22% market share.

Marketing 260

Marketing Principal Technology Loans 260

Realty Biz

JULY 1, 2022

NYSE: COMP), a leading technology-enabled residential real estate brokerage, today announced the appointment of Dawanna Williams to its board of directors effective July 1, 2022. Williams currently serves as Founder and Managing Principal of Dabar Development Partners. Compass, Inc.

Principal 86

Principal Development Brokerage Residential 86

Housing Wire

FEBRUARY 22, 2024

But they acknowledge that they keep a vast amount of customer data and some players may be vulnerable amid a shrinking market. It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company. “We

Industrial 375

Industrial Mortgages Investor Technology 375

Housing Wire

AUGUST 7, 2023

I am pleased to share that in the second quarter we grew market share, grew agent count and grew margin while delivering positive free cash flow and strengthening our cash position,” Reffkin told investors and analysts listening to Compass’ second quarter earnings call Monday evening. for the quarter, up 13 basis points from Q1 2023.

Brokerage 340

Brokerage Principal Title Equity 340

Housing Wire

OCTOBER 1, 2021

But for the past 12 months, the metro’s housing market has been in complete chaos. “It The Provo-Orem market is growing at a faster rate per capita than really anywhere else in the state of Utah, including our capital, Salt Lake City.”. above the list price and sat on the market about 11 days before going pending.

Marketing 411

Marketing Land Agents Principal 411

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. billion in unpaid principal balance (UPB) in 2023, down 9% year over year.

Technology 343

Technology Loans Principal Mortgages 343

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 339

Principal Lending Loans Technology 339

Housing Wire

AUGUST 25, 2022

As part of that, we continue to develop technology that helps businesses engineer full end-to-end purchase and refinance experiences. The API makes it easy for businesses to expand without an expensive and timely investment in custom built technology.”. Qualia is not the only closing software firm working on improving integration.

Title 353

Title Principal Commercial Technology 353

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings. where he will continue to serve in this role.

Loans 293

Loans Principal Technology Development 293

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Between navigating a post-pandemic world, rate hikes and the threat of a recession, mortgage lenders across the country are managing a volatile housing market. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Due diligence 353

Due diligence Mortgages Principal Lending 353

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Between navigating a post-pandemic world, rate hikes and the threat of a recession, mortgage lenders across the country are managing a volatile housing market. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb.

Due diligence 351

Due diligence Mortgages Principal Lending 351

RIS Media

AUGUST 18, 2023

In the latest RISMedia webinar—”Help Your Agents Increase Referrals in Any Market”—sponsor spokesperson Stephanie Alfonso, senior director, Sales Enablement and Field Education at Elm Street Technology; and panelists Jillian Young, president of Premiere Plus Realty in Southwest Florida; and Kevin Laugharn, principal and director of Marketing for Alta (..)

Agents 76

Agents Principal Marketing Technology 76

Housing Wire

FEBRUARY 15, 2023

TrustEngine, led by CEO Rich Harris, said borrower intelligence platforms are rapidly gaining traction as mandatory technology for modern mortgage lenders. In January 2022, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Sales 315

Sales Mortgages Loans Loan Officer 315

Housing Wire

MAY 6, 2022

California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. from market opening. million, down from $106.5

Principal 325

Principal Loans Technology Mortgages 325

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 the unpaid principal balance of MSRs as of June 30, 2023, compared to $297.9 The Pontiac, Michigan-based lender announced a non-GAAP adjusted net income of $175.9

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

APRIL 1, 2024

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In The home equity investment is a new concept for many homeowners and is still small compared to the size of the traditional mortgage market. billion have been completed.

Equity 373

Equity Finance Purchase and sale agreement Investor 373

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.”. mortgage market. Large, online lenders are increasing their market share each year.

Mortgages 344

Mortgages Loans Principal Investor 344

Housing Wire

JANUARY 12, 2024

The numbers are staggering so it is no surprise that residential proptech is a heady market, capturing the imagination of entrepreneurs and institutions alike. As a marketer by profession, I tend to put these companies into categories to create a narrative and to develop brand specificity. Investors’ No.

Finance 347

Finance Principal Residential Development 347

Housing Wire

FEBRUARY 17, 2021

In exchange, @Properties is offering its marketing department, their proprietary technology @platform, and potential financial assistance in a firm’s expansion. Given today’s real estate market, Walstrom said, it was inevitable Alexander would join forces with a larger shop. “I

Brokerage 322

Brokerage Principal Technology Equity 322

Housing Wire

DECEMBER 15, 2021

Rates will depend on market conditions, but the inclusion of the collateral can reduce costs, the company explains on the website. According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal. The cryptocurrency market was worth over $2.2

Mortgages 410

Mortgages Lending Banks Investor 410

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. Think technology and service providers, too — a smaller mortgage market affects everyone. Only people, NOT TECHNOLOGY — can fill the knowledge gap. Dan Green is Principal at The BlackFin Group. All good things must end.

Industrial 438

Industrial Mortgages Principal Technology 438

Housing Wire

AUGUST 26, 2022

The mortgage industry is changing rapidly and originators are focused on adapting to a shifting market in order to stay competitive. Both HELOCs and non-QM loans are made to order for today’s mortgage market. HW: How can originators pivot their business models in a way that aligns with the current changing market conditions?

Mortgages 332

Mortgages VA loan Loans Technology 332

Housing Wire

MARCH 12, 2024

loanDepot greatly reduced its costs in 2023 while revenues were in free fall amid a contracting market. Operationally, loanDepot entered 2024 by dealing with a cyberattack that brought its systems down and a forecast for market conditions to improve. loanDepot recorded a non-GAAP adjusted net loss of $142.4 million loss in 2022.

Principal 334

Principal Mortgages Equity Technology 334

Housing Wire

MAY 2, 2022

The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. But Interfirst struggled to maintain volumes in the following years as the market turned to purchase.

Loan Officer 351

Loan Officer Principal Loans Mortgages 351

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 373

Sales Mortgages Loan Officer Principal 373

Housing Wire

FEBRUARY 13, 2023

I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. among others. million security backed by non-QM mortgages.

Mortgages 304

Mortgages Principal Banks Equity 304