Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. billion in the first six months of 2023, according to data from Inside Mortgage Finance.

Pre-approval 396

Pre-approval Loans Finance Mortgages 396

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. In January 2023, Better announced a One-Day Mortgage. It also dealt with the bad press after Garg laid off employees via Zoom in December 2020.

Closing 364

Closing Pre-approval Finance Title 364

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. The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. Setting the mortgage industry up for success.

Lending 451

Lending Mortgages Technology Loans 451

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. HW: What sets Encompass Connector apart from other digital mortgage platforms?

Mortgages 269

Mortgages Pre-approval Lending Loans 269

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. This isn’t just a theory.

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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 369

Mortgages Loan Officer Lending Pre-approval 369

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.

Technology 242

Technology Pre-approval Industrial Mortgages 242

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.

Lending 320

Lending Marketing Pre-qualification Pre-approval 320

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.

Title 392

Title Pre-approval Investor Mortgages 392

Housing Wire

MARCH 27, 2024

In addition to the firm’s revenue share program , which pays agents for recruiting productive agents, Real agents can also set up joint ventures through Real Title and One Real Mortgage. The white label tech stack Real’s technology has a 100% adoption rate by all agents, as they must use it in order to receive their commission.

Brokerage 450

Brokerage Pre-approval Branding Agents 450

Housing Wire

MARCH 30, 2021

They can go online and understand their FICO score, but mortgage credit scores are different. By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined. Technology can enable lenders to educate borrowers. Or, give up looking altogether.

Pre-qualification 433

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 433

Housing Wire

AUGUST 13, 2021

Existing investors and others including Andreessen Horowitz, Singapore’s GIC, GGV Capital and Moore Specialty Credit participated in the round, which pre-empted a capital raise that could have featured new investors, she said. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets.

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Pre-qualification Pre-approval Equity Finance 404

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.

Industrial 313

Industrial Pre-approval Title Technology 313

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?

Debt-to-income ratio 364

Debt-to-income ratio Technology Mortgages Pre-approval 364

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.

Due diligence 364

Due diligence Mortgages Loans Residential 364

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).

Earnest money deposit 88

Earnest money deposit Technology Loans Pre-approval 88

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.

Pre-approval 292

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Housing Wire

FEBRUARY 9, 2022

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.

Industrial 387

Industrial Purchase and sale agreement Pre-approval Banks 387

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. The FTC then sued ICE to block the acquisition in March 2023. in March, prior to the FTC’s suit against ICE. ICE declined to comment.

Pre-approval 287

Pre-approval Loans Mortgages Closing 287

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%.

Pre-approval 262

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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. The 5-minute pre-approval from Guaranteed Rate pertains to a computerized assessment of the loan documents provided by the borrower and the subsequent pre-approval.

Loans 96

Loans Pre-approval Lending Technology 96

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.

Pre-approval 385

Pre-approval Mortgages Agents Investor 385

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 213

Finance Pre-approval Banks Investor 213

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. Donna Gibson: QC Ally just returned from the Mortgage Bankers Association Risk Management, QA, Fraud Prevention Forum. These numbers correlate with what we’re monitoring in mortgage fraud.

Loans 326

Loans Marketing Lending Pre-approval 326

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.

Pre-approval 111

Pre-approval Mortgages Loans Banks 111

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? What are the different types of mortgages?

Pre-approval 59

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

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 365

Loan Officer Pre-approval Loans Agents 365

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. Now you can and must let your customers begin their home search on your platform, you see that activity and can therefore be their primary advisor — which includes a pre-approval.

Pre-approval 380

Pre-approval Loans Technology Land 380

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 314

Technology Sales Mortgages Pre-approval 314

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.”.

Pre-qualification 218

Pre-qualification Pre-approval Loan Officer Loans 218

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. Whether they are placing a food order online, leveraging a ride-share app to get to the airport or placing a mobile grocery order, technology impacts every facet of their lives.

Pre-approval 98

Pre-approval Fixed-rate mortgage Loans Mortgages 98

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. Third, you want to find an agent who uses technology to their advantage. 15-year fixed-rate mortgage: This type of loan also has a fixed interest rate, but the term is shorter, typically 15 years.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

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. These lenders and banks can estimate credit risk based on predictive technology.

Pre-approval 84

Pre-approval Technology Banks Loans 84

Boom Town

APRIL 1, 2021

The name of the game is to leverage automation tools and technology services that allow you to work these leads without investing too much of your own valuable time. So this is a good area to rely on technology or a new hire in order to give focused attention to reaching out to leads. Mortgage (are they pre-approved?),

Pre-qualification 97

Pre-qualification Pre-approval Technology Agents 97

Realty Biz

MARCH 14, 2021

That’s according to the latest research from the real estate technology industry strategist Mike DelPrete, who revealed that the losses translate to a deficit of about $40,000 on each home Opendoor and Zillow sold in the last year. Opendoor and Zillow lost a combined $650 million in the previous year as well, DelPrete said.

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Pre-approval Home sale contingency Title Renovation 101

HomeLight

JANUARY 12, 2022

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. Source: Ice Mortgage Technologies , Data for Sept. The buyer will sign the brunt of the paperwork, especially if they are securing a mortgage. 1 and accept an offer on Jan.

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Closing Purchase and sale agreement Pre-approval Inspection 111