Housing Wire

MAY 9, 2024

Guild Holdings Company , parent company of Guild Mortgage , recorded a 6% increase in mortgage originations and much higher revenue levels in the first quarter of 2024 than in 2023. million in Q4 2023, driven by improved origination volume, gain on sale margins and growth in the company’s servicing portfolio.

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

FEBRUARY 13, 2023

Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. In May, Lisa Heitzmann joined the company as its chief operating officer and later went on to join LGH Consulting LLC as its principal. million security backed by non-QM mortgages.

Mortgages 295

Mortgages Principal Banks Equity 295

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. This was the result of strong execution and continued expansion in the gain-on-sale margin.”

Principal 396

Principal Loans Technology Mortgages 396

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

Mortgages 448

Mortgages Fixed-rate mortgage Loans Loan Officer 448

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. A reperforming loan is a mortgage that has been or is currently delinquent but has been reperforming for a period of time. million in unpaid principal balance; pool 2 is at $342.5

Loans 372

Loans Purchase and sale agreement Principal Due diligence 372

Housing Wire

OCTOBER 31, 2022

This is projected to be a record year for consolidation among mortgage lenders, largely due to the dramatic shift from a refinance boom to a purchase mortgage market and the total origination volume, which has shrunk to about half the size from 2021. Most recently, Guild Mortgage expressed interest in acquisitions.

Industrial 308

Industrial Mortgages Principal Loans 308

Housing Wire

MAY 1, 2023

This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. Take a minute to look through the full list of this year’s list of honorees below. Congratulations to the 2023 Rising Stars!

Loan Officer 370

Loan Officer Principal Title Lending 370

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. HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market.

Mortgages 322

Mortgages VA loan Loans Technology 322

Housing Wire

SEPTEMBER 9, 2021

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Why should the mortgage process be any different?

Mortgages 372

Mortgages Technology Inspection Closing 372

Housing Wire

AUGUST 9, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), was another mortgage lender that returned to profitability in the second quarter of 2023, just like its primary competitor Rocket Companies and the origination segments of Mr. Cooper and Pennymac. To compare, Rocket Mortgage originated $22.3

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Instead, they’re leaving money on the table.

Commercial 358

Commercial Brokerage Due diligence Title 358

Housing Wire

FEBRUARY 24, 2022

No mortgage lender in America capitalized on the pandemic-driven refi boom better than Rocket Mortgage. The Detroit-based company, with a ready-built infrastructure and top-notch brand recognition, was uniquely positioned to absorb historic mortgage demand as others struggled to get out of the gates. Rocket has 2.6 Rocket has 2.6

Mortgages 370

Mortgages Principal Loans Branding 370

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 397

Banks Mortgages Loan Officer Due diligence 397

Housing Wire

MAY 10, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), reported a financial loss in the first quarter amid a decline in the fair value of mortgage servicing rights ( MSRs ) and falling origination volumes. billion in mortgage loans in the first quarter of 2023, compared to $25.1 UWM originated $22.3

Loans 364

Loans Principal Mortgages Technology 364

Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year.

Investor 300

Investor Loans Mortgages Principal 300

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgages 377

Mortgages Loans Investor Equity 377

Housing Wire

APRIL 1, 2024

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.” The annual investment volume in the U.S.

Equity 366

Equity Finance Purchase and sale agreement Investor 366

Housing Wire

MARCH 1, 2023

mortgage lenders for the fourth quarter of 2022. United Wholesale Mortgage (UWM) reported on Wednesday morning an unprofitable quarter, the day after Rocket Companies disclosed its most significant quarterly loss in company history to the market. billion in mortgage loans in the fourth quarter of 2022, compared to $33.4

Principal 274

Principal Loans Mortgages Technology 274

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

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

AUGUST 7, 2023

We achieved strong financial results that were inline with guidance in the midst of a quarter that was impacted by mortgage rates increasing 100 basis points to 7%.” In addition, Compass also reported an increase of 429 principal agents compared to a year ago and a retention rate of over 90%. “We billion for the quarter.

Brokerage 331

Brokerage Principal Title Equity 331

Housing Wire

AUGUST 2, 2021

Vice President of Technology Services. Nexsys Technologies. Freedom Mortgage. Mortgage Investors Group. Atlantic Bay Mortgage Group. Mortgage Connect. Principal and Chair, Financial Instituions Regulatory Practice Group. Head Strategy and Sales. MISMO; Mortgage Bankers Association.

Title 393

Title Lending Finance Technology 393

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 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.

Mortgages 228

Mortgages Lending Loans Investor 228

Housing Wire

NOVEMBER 8, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter – and more declines are expected to come. Ishbia said UWM was operationally profitable this quarter, which “almost no mortgage company in the country can say.”

Principal 267

Principal Mortgages Loans Closing 267

Housing Wire

JUNE 20, 2023

Homebuilders are responding to an increase in new home sales and an extremely low level of existing home inventory by getting a jump start on new projects. Hence, more buyers are visiting builders’ model homes, attracted by availability, new technology, higher efficiency and, in some cases, the benefit of a warranty. Census Bureau.

Principal 368

Principal Construction Technology Marketing 368

Housing Wire

FEBRUARY 17, 2021

Alexander, now rebranded as @properties , is a four-year-old firm with 45 agents and $120 million in 2020 sales volume that has so far focused on downtown Detroit. billion in 2019 sales, according to RealTrends. Presented by: Motto Mortgage. For years, Wong and Golden strictly focused on the Chicagoland area.

Brokerage 314

Brokerage Principal Technology Equity 314

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight.

Marketing 350

Marketing Lending Loans Principal 350

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion of mortgage servicing rights. By channel, Rocket reported $12.4

Loans 297

Loans Mortgages Loan Officer Principal 297

Housing Wire

APRIL 28, 2022

Nonbank mortgage lender and servicer Mr. Cooper Group reported net income of $658 million in the first quarter of 2022, increasing its profits by a factor of four compared to the $155 million recorded in the previous quarter. ” In fact, Mr. Cooper had $96 million pretax operating income in the first quarter of 2022.

Principal 332

Principal Mortgages Equity Closing 332

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 402

Equity Loan Officer Loans Mortgages 402

Housing Wire

MAY 5, 2021

“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. “As we focus on long-term growth trajectory and build on our momentum, we will continue to invest in brand, people, and technology,” said Pat Flanagan, loanDepot’s CFO.

Marketing 256

Marketing Principal Technology Loans 256

RIS Media

APRIL 19, 2022

Construction of new homes increased last month, despite a surge in mortgage rates, according to new data released today from the U.S. With rising prices and interest rates clamping buyer traffic and current sales, the NAHB Market Index for April showed the fourth consecutive month of declining builder sentiment. Census Bureau and U.S

Mortgages 94

Mortgages Construction Principal Development 94

Housing Wire

NOVEMBER 4, 2022

United Wholesale Mortgage (UWM) is now the biggest mortgage lender in America, thanks in large part to a cut-rate pricing strategy that has put extreme pressure on competitors. billion in the third quarter, toppling its arch rival Rocket Mortgage ‘s $25.6 million increase in the fair value of mortgage servicing rights.

Principal 80

Principal Loan Officer Loans Mortgages 80

Housing Wire

SEPTEMBER 10, 2020

Earlier this year, Orchard began the initial pilot of its integrated mortgage offering in Texas markets. At that time, CEO and co-founder Court Cunningham said that Orchard had heard repeatedly from customers that they wished the company could help them with their mortgage as well. Patrick Conroy, principal at Washington, D.C.-based

Title 228

Title Branding Principal Loans 228

Realty Biz

MARCH 16, 2023

ML: I’m a subject matter expert on foreclosures, short sales, technology and social media, and then I am a full time instructor in the State of Illinois, dealing with license law, pre-licensing, that sort of thing. ML: More technology. I think you’re going to see a continuation of video and of global technology.

Short sale 93

Short sale Investor Technology Principal 93