Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 2 Digital adoption.

Mortgage 530

Mortgage Technology Loan Officers Business 530

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 349

Real Estate Real Estate Agent Technology Investors 349

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question of feast or famine. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM.

Mortgage 354

Mortgage Investors Business Lending 354

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. billion in 2012 to $2 billion in 2016. The post Interfirst Mortgage raises $175 million appeared first on HousingWire. and former U.S.

Mortgage 282

Mortgage Investors Investing Technology 282

Appraisal Buzz

MARCH 11, 2022

Mortgage credit availability increased by 1% to 126% in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The index was benchmarked to 100 in March 2012.

Mortgage 150

Mortgage Government Lending Technology 150

Housing Wire

MARCH 29, 2022

Johnson, whose career with Fannie Mae spans for almost two decades, is currently responsible for leading the mortgage giant’s digital transformation , which includes overseeing Fannie Mae’s technology, data, enterprise models and operations. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

Government 360

Government Lending Technology Mortgage 360

Appraisal Buzz

MAY 10, 2022

Mortgage credit availability decreased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The index was benchmarked to 100 in March 2012. The MCAI fell by 3.2%

Mortgage 150

Mortgage Lending Technology Appraisal 150

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace?

Technology 314

Technology Business Lending Training 314

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

Appraisal Buzz

FEBRUARY 15, 2022

Mortgage credit availability decreased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The index was benchmarked to 100 in March 2012. The MCAI fell by 0.9% in January.

Lending 195

Lending Technology Mortgage Appraisal 195

Housing Wire

MARCH 14, 2023

In a margin-compressing environment, California mortgage tech firm Blend Labs is betting that its newly launched composable origination tech will help the firm recover from its financial losses. Founded in 2012, Blend went public in 2021. In its latest third-quarter earnings, Blend reported a loss of $133.98

Insurance 331

Insurance Technology Business Lending 331

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. The company also announced expectations to have a total of 219.6

Technology 369

Technology Mortgage Valuation Insurance 369

Housing Wire

DECEMBER 16, 2021

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Appraisal Buzz

DECEMBER 20, 2021

. — December 16, 2021 — Deephaven Mortgage today announced an alliance with Incenter Appraisal Management to give Non-Agency/Non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans. However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending.

Appraisal 195

Appraisal Mortgage Technology Appraisal Process 195

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. With mortgage interest rates steadily on the rise and refinance volume dropping, originators should immediately consider tapping into products that are less interest rate sensitive.

Mortgage 351

Mortgage Clients Business Training 351

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

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. The workforce reduction is also focused on mortgage loan production. Presented by: Acra Lending. 3 questions lenders should ask before implementing non-QM.

Human Resources 347

Human Resources Loan Officers Retail Training 347

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Technology and the trust model Real estate is too vital to our economy to be so financially concentrated and functionally outdated.

Real Estate 322

Real Estate Supply Chain Architecture Brokerage 322

Housing Wire

FEBRUARY 12, 2021

Tech giant Blend ‘s CEO and Co-founder Nima Ghamsari will join other housing luminaries at HousingWire’s Spring Summit March 4 to discuss mortgage disruption and what’s coming down the road for those in housing. Taking those lessons with him, Ghamsari decided to start Blend in 2012 along with his co-founders.

Technology 268

Technology Valuation Design Mortgage 268

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .”

Insurance 381

Insurance Investors Technology Real Estate Agent 381

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. In all, its technology platforms saw $1.4

Valuation 245

Valuation Technology Lending Mortgage 245

Housing Wire

FEBRUARY 14, 2023

HousingWire recently spoke to Amanda Phillips, executive vice president of compliance at ACES Quality Management, about getting servicing staff and technology ready to meet upcoming regulatory requirements while ensuring quality throughout the life of the loan. Without technology, this will be an overwhelming burden. trillion to $1.33

Technology 282

Technology Lending Mortgage Investors 282

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. The mortgage industry has been moving in the direction of being more digital. Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added.

Investing 485

Investing Loan Officers Technology Development 485

Housing Wire

MAY 6, 2022

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. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies. You also have a mortgage market shrinking from $4.1

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

APRIL 4, 2023

It wasn’t until 2014 – two years after his cloud banking platform launched – that Movement Mortgage took the leap and digitized its mortgage origination and underwriting process with Blend’s tech stack. That catalyst ended up being Rocket Mortgage ’s “Push button, get mortgage” campaign in 2015. And there was no catalyst.”

Clients 328

Clients Mortgage Business Technology 328

Housing Wire

SEPTEMBER 28, 2023

Even though mortgage origination volumes are down, we’re experiencing a highly competitive purchase market. The mortgage lending industry exists to make home loans, not to repossess them. A 2012 Gallup Poll asserted that 58% of Americans preferred that the federal government take additional action to prevent foreclosures.

Legal 407

Legal Training Real Estate Business 407

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 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. Under this framework, mortgage investors like the GSEs would secure valuable data to inform their critical risk models that keep our housing ecosystem safeguarded.

Appraisal 313

Appraisal Valuation Real Estate Modernization 313

Housing Wire

NOVEMBER 3, 2023

“We may eventually have it where buyer commissions can be rolled into the mortgage. In our research, RealTrends interviewed top producers from RealTrends 500 firms and many didn’t bring up marketing, technology or office space as the top reasons they’re at their firm. I mean, they kind of are today,” says Hahn.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Housing Wire

APRIL 5, 2021

In its most recent annual report to Congress, November 2020, the Federal Housing Administration ( FHA ) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). Leveraging technology can help. billion — possibly the highest ever recorded and just $15.6

Insurance 227

Insurance Mortgage Housing Market Government 227

Patch of Land

OCTOBER 5, 2018

Congress has opportunities to address some of the challenges financial technology firms face in the lending sector. The pace of financial technology innovation in the alternative lending space is nothing short of phenomenal, but it has meant headaches for lenders and vendors waiting for regulation to play catch-up.

Lending 35

Lending Law Technology Investors 35