Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. Presented by: Sagent Lending Technologies.

Technology 351

Technology Lending Investors Modernization 351

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

Lending 326

Lending Technology Loan Officers Investors 326

Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). The CRN applauds NAHB and the Home Lab for their efforts in developing this standard.”. Lender and investor overlays. Technology impacts.

Valuation 370

Valuation Development Technology Appraisal 370

Housing Wire

SEPTEMBER 12, 2023

It’s down 70% from its peak in 2020, a 20-year low , the company said. This left a void in the mortgage lending market, which was filled by IMBs. IMBs are often more flexible than traditional banks, and they are more likely to lend to borrowers with less-than-perfect credit due to their strategy of having multiple investor outlets.

Mortgage 354

Mortgage Investors Business Lending 354

Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 billion in closed loans in the first quarter of 2020, more than double its originations in Q1 2020. billion, a dramatic increase from the $99 million in profit the first quarter of 2020. billion in the first quarter of 2020. Expenses rose to $1.74

Mortgage 405

Mortgage Real Estate Agent Real Estate Clients 405

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. And investor guidelines are continually evolving.

Marketing 316

Marketing Investors Technology Loan Officers 316

Housing Wire

APRIL 13, 2022

According to a recent MBA report, per-loan production expenses reached $8,664 in 2021, compared to $ 7,578 in 2020, the highest level since the inception of their report in 2008. It is fair to say that the recent refi boom, from 2020 and 2021, brought a higher level of automation than in prior cycles, mortgage executives said in Vegas. “We

Mortgage 363

Mortgage Technology Development Finance 363

Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. In January, the company also added a new director of business development. This is a developing story.

Development 328

Development Modernization Technology Mortgage 328

Housing Wire

APRIL 14, 2021

McEnerney was a managing director at Deutsche Bank for 14 years before Freedom Mortgage brought him on in August 2020 as executive vice president. RoundPoint also added a new chief administrative officer, Joseph Gormley, who formerly held senior positions at the department Housing and Urban Development.

Retail 261

Retail Investors Mortgage Insurance 261

Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. But there was a catch.

Lending 350

Lending Government Law Mortgage 350

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020. Interfirst, which claimed to have originated $1.65

Mortgage 353

Mortgage Loan Officers Retail Technology 353

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. million in 2020 during the refi-boom. on April 20.

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. “Even as an IMB, we sell to 12-15 of the best-priced investors at the back end and the secondary.

Retail 351

Retail Loan Officers Brokerage Technology 351

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. of GDP in 2020. Competition favors institutional investors and households with higher incomes and stellar credit. Incentivizing developers is necessary.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

AUGUST 3, 2023

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Doug Faron is one of three founding partners at Florida-based Shoreham Capital , a privately held built-for-rent (BFR) and multifamily residential developer focused on projects in the Southeast, primarily Florida. Taken by Felix Mizioznikov.

Construction 363

Construction Development Finance Mortgage 363

Housing Wire

JANUARY 21, 2022

Still, hidden among all that greenwashed coal may be a framework or two for manufacturing diamonds, according to some experts working to develop those investment standards. This task force brings together a broad array of experience and expertise, which will allow us to better police the market, pursue misconduct, and protect investors.”.

Marketing 369

Marketing Investors Development Mortgage 369

Housing Wire

SEPTEMBER 12, 2023

Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. But it will bring with it different challenges.

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

Simonson Real Estate

JANUARY 23, 2020

I attended the 2020 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. This article shares the best insights and trends from 2019 and expectations into 2020. 2 general investor trends – Large investment firms are growing in size.

Real Estate 78

Real Estate Tenants Retail Valuation 78

Housing Wire

MARCH 21, 2022

It included participation from existing investors Ribbit Capital , NFX and Zigg Capital. New investors Telesoft Partners and proptech VC Parker89 also participated in the round, which brings Tomo’s total funding raised to date to $110 million. The fundraise more than doubles Tomo’s valuation to $640 million.

Valuation 328

Valuation Real Estate Agent Real Estate Investors 328

Housing Wire

OCTOBER 26, 2020

As one of the largest correspondent investors in the country, AmeriHome is focused on being a consistent, reliable partner to its clients. In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions.

Client Relationships 347

Client Relationships Clients Technology Business 347

Housing Wire

APRIL 26, 2023

Since the pandemic began, the FHFA has enabled lenders to complete more than 1 million payment deferrals, with roughly one-third of all homeowners exiting forbearance via payment deferrals since 2020. million homeowners with COVID-19 pandemic forbearance programs since March 2020.

Insurance 298

Insurance Mortgage Government Investors 298

Appraisal Buzz

OCTOBER 4, 2021

The research is based on 12 million appraisals for purchase transactions submitted to Freddie Mac between 2015 and 2020 through the Uniform Collateral Data Portal. “An We are building a better housing finance system for homebuyers, renters, lenders, investors and taxpayers.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . Even though J.P. You don’t need it.”. The stable coin, pegged to the U.S.

Technology 372

Technology Investing Investors Mortgage 372

Housing Wire

FEBRUARY 16, 2021

The funding will go toward product development and business development with real estate agents to reduce their time-to-close to 10 days, significantly higher than the industry average. The company claims it originated $100 million in mortgages in 2020. The funding consists of $7.5 million in equity financing and $17.5

Real Estate Agent 251

Real Estate Agent Real Estate Sellers Buyers 251

Housing Wire

AUGUST 12, 2020

This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

Investing 485

Investing Loan Officers Technology Development 485

Housing Wire

MARCH 23, 2022

For 2020-2024, I set some critical parameters for sales and price growth, knowing that this marketplace will be different from the market we had from 2008 to 2019. million or higher during 2020-2024. The demographic bump in 2020-2024 is giving us a push in demand. As always, the years 2020-2024 were going to be different.

Mortgage 440

Mortgage Inventory Housing Market Construction 440

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. ” Just a little less vanilla. and Sprout Mortgage.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. We have fared much better on the automation side.

Technology 440

Technology Mortgage Investors Investing 440

Housing Wire

SEPTEMBER 30, 2020

million borrowers, thousands of investors and more than 100 subservicing clients. On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. This will obviously be attractive as investors and MSR holders cope with the aftermath of the pandemic.

Mortgage 353

Mortgage Investors Business Human Resources 353

Housing Wire

MARCH 15, 2022

Investors will need to quantify and charge for the risk that they will be held accountable for [with respect to] the acts of third-party servicers …,” he said. “It Supreme Court’s ruling in 2020. There could be allegations of predatory lending, for example. “. The appeal, if accepted, will be reviewed by the U.S. Moody’s Take.

Legal 364

Legal Law Investors Finance 364

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance 276

Insurance Investors Design Finance 276

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. of the U.S. population. An army of door-knockers.

Law 339

Law Mortgage Legal Finance 339

Housing Wire

DECEMBER 21, 2023

KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. Part of that was also having to completely reconsider how we looked at investors and how we look at sources of liquidity. SW: How are you developing products for the next wave of homebuyers?

Technology 317

Technology Investors Development Loan Officers 317

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023. I’ve gone through extensive coaching and professional development,” he said.

Realtors 350

Realtors Technology Insurance Mortgage 350

Housing Wire

DECEMBER 9, 2021

MAXEX , which operates a major loan-aggregating platform that serves the RMBS market, indicates that through October, the loan-pool value of prime jumbo private-label offerings stood at nearly $44 billion –which dwarfs 2020’s total — and executives with MAXEX expect the figure to easily exceed $50 billion by year’s end.

Mortgage 369

Mortgage Marketing Tools Investing 369