Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

Housing Wire

DECEMBER 12, 2022

The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market. So far this year, the correspondent channel has gained market share on the two other channels, increasing from 23.4% Bank Home Mortgage and Planet Home Lending.

Marketing 365

Marketing Lending Retail Clients 365

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. mortgage market. Mike Fierman: One area that clearly differentiates Angel Oak is our vertical integration.

Lending 261

Lending Clients Investing Investors 261

Housing Wire

FEBRUARY 28, 2021

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin.

Clients 328

Clients Home Value Design Tools 328

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. billion in volume in 2020. in 2021 to $433 billion.

Renovations 325

Renovations Home Improvement Marketing Finance 325

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. ” he said.

Retail 353

Retail Tools Lending Technology 353

Housing Wire

JANUARY 11, 2021

Even with total credit risk transfers (CRT) and non-QM lending trending down due to seasonality, some observers are predicting a strong beginning to 2021. Officials with dvo1, a lending markets analytics company , remain encouraged by low levels of new impairments, which reached pre-pandemic levels in both CRT and non-QM.

Lending 213

Lending Clients Marketing Mortgage 213

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap.

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. housing market.” How long that can continue is hard to say.”

Finance 346

Finance Marketing Renovations Investors 346

Housing Wire

APRIL 22, 2022

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021.

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

APRIL 24, 2024

Multichannel lender American Financial Resources (AFR) appointed Michael Brenning as its head of production and Brian Collins to the role of executive vice president of capital markets, the company announced Tuesday. Brenning will be responsible for driving loan volume growth and enhancing sales productivity.

Lending 280

Lending Investors Clients Technology 280

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 355

Loan Officers Technology Lending Tools 355

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. You’re probably thinking, “Uh, why on earth would she do that?”

Mortgage 470

Mortgage Clients Lending Home Improvement 470

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

MARCH 9, 2021

Prognosticators are already suggesting the mortgage market has recently “peaked.” Most agree that in 2021, we will not match the astronomical origination volume seen in 2020. If the past two decades are any indication, the impending purchase-dominated market will bring discussion of softening margins and higher expenses.

Marketing 410

Marketing Technology Lending Business 410

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Appraising real estate in a fast-changing market. In a market that moves as quickly as ours is, often that can be too old. months less than what it was in 2019.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 342

Mortgage Retail Lending Loan Officers 342

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. Our clients have a moratorium on evictions, so we are not actively pursuing these opportunities.

Lending 278

Lending Clients Training Investors 278

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way. Presented by: Rocket Pro TPO.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

MARCH 17, 2023

Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response. Future development projects will follow this collaborative approach with our clients and strategic partners. Candor Technology Inc. ,

Mortgage 311

Mortgage Clients Technology Development 311

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets.

Mortgage 412

Mortgage Clients Lending Investors 412

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. billion market capitalization, less than half of its previous market value.

Mortgage 378

Mortgage Lending Brokerage Agents 378

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. trillion in new loans in 2020 and $3.9 A less volatile market? The consumer-price index rose 8.6%

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing. We’re creating a fully transparent process.

Real Estate Agent 395

Real Estate Agent Real Estate Agents Marketing 395

Housing Wire

APRIL 8, 2022

Anthony combines a strong understanding of the business opportunities for mortgage brokers with a dedicated focus on education and client support,” John Keratsis, president and CEO of Deephaven Mortgage, said in a statement. This is the company that helped pioneer today’s non-QM market, and they continue to advance the industry.”.

Lending 345

Lending Mortgage Business Clients 345

Housing Wire

APRIL 25, 2024

The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR) — offered insights into various topics about the reverse mortgage product category. This year, it’s ‘prevail,’” she said.

Mortgage 287

Mortgage Finance Real Estate Best Value 287

Housing Wire

FEBRUARY 24, 2021

This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases.

Real Estate Agent 273

Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

AUGUST 3, 2021

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. “We have a significant portfolio of clients, roughly 2.5 thus far and counting.

Mortgage 393

Mortgage Clients Lending Technology 393

Housing Wire

MARCH 25, 2021

The capital raise follows a $5 million Series A funding round in June 2020. Maxwell, which markets its product to small and mid-sized lenders, uses artificial intelligence to streamline and accelerate the mortgage process for community lenders and their borrowers. mortgage market.

Mortgage 370

Mortgage Lending Technology Loan Officers 370

Housing Wire

OCTOBER 26, 2022

According to a statement from Revvin, the new brand is reflective of the company’s focus on its lending platform and is a better fit for its mission to democratize technology, which allows all financial institutions to act as cutting-edge fintech, no code required. “In trillion in purchase loans in 2020. trillion in refinances and $1.5

Lending 311

Lending Technology Design Business 311

Housing Wire

SEPTEMBER 15, 2020

Andy Crisenbery : COVID-19 has had a profound effect on almost all business lines in the real estate and lending markets. HW: Where are you finding opportunity to meet client needs and grow relationships? HW: Where would you advise clients focus their technology resources as we prepare for 2021?

Technology 387

Technology Lending Tools Clients 387

Housing Wire

MARCH 25, 2021

Like every department within housing, marketing teams across the country were forced to re-strategize and tailor their programs to accommodate the changing climate of 2020. The HW Marketing Leaders make up the best and brightest minds in marketing within mortgage lending, servicing and real estate.

Real Estate Agent 310

Real Estate Agent Clients Tools Real Estate 310

Housing Wire

JULY 27, 2021

HousingWire recently spoke with SitusAMC CEO Michael Franco about the current market outlook and how lenders can focus on efficiency and stay agile in the midst of market shifts. HousingWire: What’s driving lenders’ need for agility and efficiency in the current market? Entering 2020 the market was expecting <$2.0

Mortgage 382

Mortgage Technology Lending Clients 382

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. Since then, the firm acquired MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate in July.

Modernization 368

Modernization Clients Technology Insurance 368

Housing Wire

FEBRUARY 2, 2023

In turn, the mortgage service company plans to capitalize on cross-selling products to clients, large home lending banks investing in their legacy infrastructure and increasing sales to new mortgage shops in 2023. “We Impacted mortgage professionals who are starting mortgage shops are becoming new ICE clients, executives said.

Technology 336

Technology Mortgage Clients Lending 336

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. HousingWire: How is the shift from refi to purchase affecting the non-QM market? But it may not be as sensitive as the more traditional refinance market. First the whole market shut down at the beginning of the pandemic.

Marketing 316

Marketing Investors Technology Loan Officers 316

Housing Wire

FEBRUARY 17, 2022

Freddie Mac claims this would reduce the paper documentation burden on borrowers, speed loan closing and simplify the lending process. Requiring paper pay stubs is still often the go-to method for mortgage underwriters, and a Freddie Mac spokesperson said the majority of the mortgage market still relies on paper stubs for income verification.

Lending 540

Lending Mortgage Clients Business 540