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.

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Principal Brokerage Agents Technology 418

Housing Wire

NOVEMBER 2, 2023

This was the first earnings delivered by Rocket’s new CEO, Varun Krishna , who focused his conversation with analysts on the potential of artificial intelligence (AI) and other technologies to transform the business. Rocket’s servicing book unpaid principal balance, which includes subserviced loans, was $506 billion as of Sept.

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Principal Loans Technology Mortgages 419

Housing Wire

JULY 12, 2023

BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. In this new role, Call will assume leadership of the expanding team. “I am eager to serve our clients by delivering on their critical business needs,” Call said.

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Principal Technology Banks Mortgages 322

Housing Wire

AUGUST 21, 2023

In the same filing, RE/MAX announced that it had let go of Adam Grosshans, the firm’s principal accounting officer, as part of the reorganization. She was also appointed as RE/MAX’s new principal accounting officer. ” RE/MAX laid off 17% of its staff , roughly 120 employees, a little over a year ago. million a year prior.

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Principal Technology Agents Design 370

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 enables us to level up skills and support, ensuring our associates and clients are prepared for the future.”

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Principal Technology Equity Residential 402

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 is looking forward to leveraging Compass’s technology and market insights, Makinney said. “We are thrilled to join the Compass family.

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Principal Brokerage Agents Technology 390

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.

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Technology Lending Principal Loans 336

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.

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Technology Development Title Lending 444

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. About Compass.

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Principal Development Brokerage Residential 86

Housing Wire

MAY 9, 2024

” UWM has focused on other ways to help brokers, such as investing in technology, he said. billion in unpaid principal balance (UPB), compared to $299.5 Regarding new pricing initiatives like Game On, Ishbia said, “I don’t foresee that right now.” billion in the previous quarter and $297.9

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Sales Principal Loans Mortgages 246

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 As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

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Loans Purchase and sale agreement Principal Due diligence 384

Housing Wire

MARCH 1, 2024

Name Job Title Company Name Alan Tiongson VP of Secondary Marketing and Asset Management Constructive Capital (Constructive Loans) Andrew Stringer EVP, Senior Director of Capital Markets PrimeLending Ben Allison Chief Financial Officer Deephaven Mortgage Bryan Charap Chief Financial Officer Realtor.com Cassie Vosburgh Chief Financial Officer ACES Quality (..)

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Finance Principal Construction MLS 408

Housing Wire

FEBRUARY 22, 2024

It’s scary out there,” a technology leader at a top lender said anonymously, adding that there were recent cyberattack attempts at his company. According to the tech leader, “it feels like there’s a target on mortgages,” which makes sense considering the types of data and documents these companies deal with. “We

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Industrial Mortgages Investor Technology 422

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.

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Loans Principal Technology Development 330

Housing Wire

DECEMBER 30, 2020

2020 served as a real litmus test for mortgage technology and fintech. Between having to transition whole teams to work from home — in some cases over just a weekend — to dealing with crushing origination volume, companies could clearly see the advantages or disadvantages of the technology they had invested in. .

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Principal Technology Development Mortgages 426

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.

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Principal Lending Loans Technology 369

Housing Wire

AUGUST 7, 2023

In addition, Compass also reported an increase of 429 principal agents compared to a year ago and a retention rate of over 90%. “We Greg Hart, Compass’ chief operating officer, added: “We continue to grow our principal agent count since we eliminated cash and equity sign on incentives last summer. Maryland and Virginia.

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Brokerage Principal Title Equity 361

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.

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Technology Loans Principal Mortgages 383

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.”.

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Title Principal Commercial Technology 377

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.

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Sales Mortgages Loans Loan Officer 351

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave. 20, 2022, to Feb.

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Due diligence Mortgages Principal Lending 376

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave. 20, 2022, to Feb.

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Due diligence Mortgages Principal Lending 367

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. Hubacker joined the mortgage lender in October 2020 as chief accounting officer. Forrester served as UWM’s CFO for 10 years.

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Principal Finance Mortgages Loans 385

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 UWM had $294.9

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As-is Principal Mortgages Loans 370

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

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Principal Loans Technology Mortgages 353

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. I literally met with absolutely everybody,” Walstrom added, stating he found @properties’ marketing and technology superior.

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Brokerage Principal Technology Equity 362

Housing Wire

DECEMBER 14, 2022

Department of Housing and Urban Development (HUD) and principal executive vice president of Ginnie Mae. MISMO’s role is more of a collaborative one, acting as a central point between lenders, servicers, regulators, insuring and guaranteeing agencies, GSEs, and technology providers.

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Principal Development Finance Industrial 354

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.

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Mortgages Principal Banks Equity 342

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.

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Mortgages Investor Loan Officer Principal 321

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.”. A source told Bloomberg that the latest financing – split between $28.5

Mortgages 372

Mortgages Principal Loans Investor 372

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.

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Sales Mortgages Loan Officer Principal 394

Housing Wire

DECEMBER 15, 2021

According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal. Some banks, lenders, and fintechs are testing the technology, but the lack of regulatory clarity and fears of volatility have kept these currencies from becoming fully integrated into products and services. .

Mortgages 421

Mortgages Lending Banks Investor 421

Housing Wire

MAY 2, 2022

The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. In October 2021, a $175 million investment from principals at the private holding company StoicLane was used to grow operations and refine and develop new technologies.

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Loan Officer Principal Loans Mortgages 376

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 notes were originated by Unlock Technologies, issued by private investment firm Saluda Grade and rated by DBRS Morningstar.

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Equity Finance Purchase and sale agreement Investor 416

Housing Wire

MAY 1, 2023

For instance, with higher-priced mortgages, lenders need to verify the consumer’s ability to repay, ensure there is no prepayment penalty and make sure escrow taxes and insurance payments are paid each month along with the loan’s principal and interest. And not just at the federal level. HW: How does ACES help lenders safeguard compliance?

Loans 353

Loans Lending Technology Principal 353

Housing Wire

FEBRUARY 14, 2024

Servicing software APIs simplify in-house servicing Digital technologies can help lenders reduce errors, costs, and processing times, delivering better service. These benefits add up to a decisive competitive advantage for these institutions. One of the most significant benefits of utilizing APIs is their workflow automation.

Investor 349

Investor Loans Mortgages Principal 349

Housing Wire

JANUARY 12, 2024

Principal among these are: Invested capital “requires” the highest return. Optimize technology to create innovative financing options for first-time housing buyers at lower rates and prices, sacrificing per-unit economics for volume and community-building. This area is a failure of proptech, abject to be sure. Why is this the case?

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Finance Principal Residential Development 390