Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 314

Technology Real Estate Agent Loan Officers Lending 314

Housing Wire

APRIL 25, 2022

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . It has about 350 loan officers and roughly 100 retail branches. . LendUS doesn’t have quite the same heft. Financial terms of the deal were not disclosed.

Retail 381

Retail Loan Officers Mortgage Lending 381

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. division, to Summit.

Retail 367

Retail Development Finance Lending 367

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 386

Architecture Real Estate Agent Loan Officers Real Estate 386

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 330

Marketing Loan Officers Business Mortgage 330

Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market.

Marketing 317

Marketing Lending Loan Officers Training 317

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 382

Lending Mortgage Real Estate Loan Officers 382

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. Also, there’s no doubt that the economic situation around the COVID-19 pandemic has placed pressure on lenders to offer remote solutions while keeping up with record loan volumes. trillion U.S.

Investing 485

Investing Loan Officers Technology Development 485

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

Inventory 482

Inventory Housing Market Marketing New Listings 482

PennyMac

DECEMBER 23, 2020

But what does this mean for you and your monthly mortgage payment? In response to timely economic conditions, the Fed decreases the benchmark interest rate (the base rate financial institutions use when lending) to encourage borrowing and lending among banks, businesses and consumers. Let’s find out.

Mortgage 36

Mortgage Lending Loan Officers Home Value 36