Housing Wire

MAY 15, 2024

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. Sponsored primarily by then-Sen. Logistically difficult’ Industry reactions at the time were swift.

Logistics 368

Logistics Mortgage Law Business 368

Housing Wire

NOVEMBER 30, 2020

Paul Anastos has been on the forefront of innovation within the housing industry for over a decade, specializing in developing technology solutions and transforming businesses into industry powerhouses. The post 2020 HW Tech Trendsetter: Paul Anastos appeared first on HousingWire.

Loan Officers 271

Loan Officers Real Estate Agent Technology Development 271

Housing Wire

DECEMBER 1, 2020

She is responsible for the technology delivery and strategic development of Fannie Mae’s trading, conduit, pricing and structured transactions technology platforms. These systems support Capital Markets and Treasury in providing liquidity to the mortgage market, raising funds for the company and handling the enterprise’s cash transactions.

Technology 307

Technology Development Business Marketing 307

Housing Wire

APRIL 25, 2024

Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona. Reverse mortgages for purchase are taking up more conversation on the reverse side of the business recently.

Mortgage 307

Mortgage Finance Real Estate Best Value 307

Housing Wire

SEPTEMBER 30, 2020

Robert D’Urbano, Chief Information Officer, Freedom Mortgage Corporation. Robert D’Urbano joined Freedom Mortgage in 2005 and guides the development of system improvements and assuring operational readiness of all corporate systems. In June, Freedom Mortgage originated more than $11 billion in loans.

Technology 235

Technology Development Design Mortgage 235

Housing Wire

SEPTEMBER 30, 2020

Tony Thompson, Founder and CEO, National Association of Minority Mortgage Bankers of America. Under Thompson’s leadership, NAMMBA launched an initiative called “Mission 2025” in which the company will connect with 50,000 students to bring them into the mortgage profession. It will seek more Millennials, minorities, and women.

Development 228

Development Design Real Estate Mortgage 228

Housing Wire

MARCH 17, 2023

a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. 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.

Mortgage 338

Mortgage Clients Technology Development 338

Housing Wire

DECEMBER 1, 2020

Now leading Clear Capital’s mortgage collateral modernization programs, Allen is reimagining and re-engineering how home valuations are manufactured and partnering with major lenders and GSEs to bring greater efficiency and speed to the consumer. The post 2020 HW Tech Trendsetter: Jeff Allen appeared first on HousingWire.

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Valuation Real Estate Modernization Appraisal Process 264

Housing Wire

MAY 14, 2024

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. In addition to product development, FinLocker (a former HousingWire Tech 100 winner) plans to expand its strategic partnerships and collaborations within the mortgage ecosystem.

Tools 326

Tools Technology Development Home Value 326

Housing Wire

DECEMBER 22, 2020

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. Movement Foundation uses dividends from the mortgage company for affordable housing and related projects to support community stability through homeownership.

Investing 393

Investing Mortgage Development Retail 393

Housing Wire

DECEMBER 1, 2020

LBA Ware founder and CEO Lori Brewer is an accomplished entrepreneur and technology leader, having dedicated her career to developing innovative business process optimization tools for mortgage lenders. The post 2020 HW Tech Trendsetter: Lori Brewer appeared first on HousingWire.

Technology 208

Technology Tools Development Business 208

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 294

Mortgage Real Estate Agent Real Estate Renovations 294

Housing Wire

MAY 5, 2021

Rocket Mortgage originated more than $100 billion in mortgages for yet another quarter, but profit margins are trending down. And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. billion, a dramatic increase from the $99 million in profit the first quarter of 2020.

Mortgage 412

Mortgage Real Estate Agent Real Estate Clients 412

Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. Piper Sandler expects a drop in prepayment speeds to continue despite the near-term dip in mortgage rates, because very few borrowers have mortgage rates above current levels.

Mortgage 378

Mortgage Investing Government Real Estate 378

Housing Wire

OCTOBER 4, 2022

The shift from a refinance boom to a purchase market will leave some mortgage lenders and loan officers with only two options: “Consolidate or exit the business,” according to ​​Mary Ann McGarry, Guild Mortgage’s chief executive officer. “Think of 2020 and 2021.

Mortgage 404

Mortgage Retail Loan Officers Business 404

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. Bank Home Mortgage. But it’s a challenge.

Mortgage 385

Mortgage Technology Development Finance 385

Housing Wire

OCTOBER 28, 2021

The average 30-year-fixed mortgage rate continues to trend upwards, rising by five basis points to 3.14% for the week ending Oct. Mortgage rates are also rising, but purchase demand remains firm, showing that latent purchase demand exists among consumers,” he added. Treasury bonds and mortgage-backed securities.

Mortgage 471

Mortgage Development Business Marketing 471

Housing Wire

MARCH 24, 2022

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. billion, an audit released this week by the Department of Housing and Urban Development Office of Inspector General found. The potential loss on these loans could amount to $1.5 In doing so, “$1.5

Insurance 373

Insurance Mortgage Government Development 373

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Ellie Mae was acquired by Intercontinental Exchange (ICE) in September 2020.

Technology 263

Technology Mortgage Insurance Clients 263

Appraisal Buzz

MAY 14, 2024

Rao has over 15 years of experience in software engineering, product management and technology leadership spanning public and private companies within the mortgage industry and in Silicon Valley’s startup scene. He previously served as vice president of product management for mortgage origination technology provider Ellie Mae.

Technology 195

Technology Development Mortgage Appraisal 195

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

DECEMBER 16, 2021

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. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 357

Mortgage Loan Officers Retail Training 357

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. For companies to survive and thrive, mortgage executives must focus on three primary factors: risk, strategy and efficiency. There are many mortgage firms that have prospered in 2020 and 2021 due to ultra-low rates.

Mortgage 374

Mortgage Development Business Technology 374

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

Mortgage 413

Mortgage Loan Officers Lending Human Resources 413

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. In addition, a vast majority of people spent more time at home in 2020 than ever before in modern history. In turn, mortgage companies need to get with the times, implement technology and improve efficiency.

Mortgage 506

Mortgage Inventory Real Estate Technology 506

Housing Wire

MAY 4, 2021

According to the report, in March 2021, consumers submitted more mortgage complaints to the CFPB than in any month since April 2018. Consumers also reported long delays in having their loan modified so that they could resume payments on the mortgage. As we warned mortgage servicers last month, unprepared is unacceptable.”.

Mortgage 441

Mortgage Government Investors Development 441

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 314

Mortgage Technology Lending Modernization 314

Housing Wire

MARCH 8, 2023

The Consumer Financial Protection Bureau (CFPB) on Wednesday released a special edition of its Supervisory Highlights report that profiles “unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets,” including among mortgage servicers.

Mortgage 325

Mortgage Inspection Law Contracts 325

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. Desmond Smith: There are two ways to get a mortgage — wholesale or retail.

Mortgage 359

Mortgage Retail Lending Loan Officers 359

Housing Wire

JULY 5, 2023

District Court for the Western District of Texas by a group of current and former staffers from the company’s bilingual mortgage sales team alleging race-based discrimination. For example, Wells Fargo has developed an ‘Earn the Business’ program for the Bilingual team. Wells Fargo has been sued in U.S. The bank, which paid a $3.7

Mortgage 361

Mortgage Lending Legal Business 361

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. Regarding the mortgage industry, the acceptance of cryptocurrencies by investors lags the development of new products.

Mortgage 414

Mortgage Clients Lending Investors 414

Housing Wire

FEBRUARY 13, 2023

Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. Last month, Deephaven tapped business development veteran Tyler Bohn as its managing director of national accounts. million security backed by non-QM mortgages. among others.

Mortgage 326

Mortgage Government Business Technology 326

Housing Wire

SEPTEMBER 26, 2023

Dovenmuehle Mortgage , a top mortgage subservicing company, has appointed Robert Howerton as chief information officer to oversee the company’s IT infrastructure, the company announced on Tuesday. Prior to joining Dovenmuehle Mortgage, Howerton was the leader platform security engineer at IBM.

Technology 350

Technology Modernization Development Mortgage 350

Housing Wire

FEBRUARY 3, 2021

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. Mortgage fraud threats have greatly increased since the COVID-19 pandemic began. Attorney’s Office in Chicago said Tuesday. year-over-year nationally.

Mortgage 370

Mortgage Government Real Estate Development 370

Housing Wire

SEPTEMBER 17, 2021

Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management ’s report published this week. The post Defects decline as mortgage lenders self-correct appeared first on HousingWire. Presented by: Deluxe.

Mortgage 379

Mortgage Development Business 379

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. gigawatts (GWdc) of solar capacity in 2020, a joint study released earlier this year by the Solar Energy Industries Association and Wood Mackenzie said. thus far and counting.

Mortgage 407

Mortgage Clients Lending Technology 407

Housing Wire

DECEMBER 7, 2022

The recent declines in mortgage rates brought a glimmer of hope that borrowers might be developing more of a stomach for home loans. Meanwhile, according to data from the Mortgage Bankers Association , mortgage applications fell 1.9% ” The MBA data shows that mortgage applications overall were 66.8%

Mortgage 357

Mortgage Loan Officers Development Housing Market 357