Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. market,” KBRA’s announcement of the deal states.

Lending 348

Lending Finance Investors Clients 348

Housing Wire

AUGUST 9, 2021

While the non-QM market took a hit during the early part of the pandemic, these loans are making a comeback and are expected to continue to grow in 2021. HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? We can save the deal for our clients and the borrower.

Investors 402

Investors Clients Lending Real Estate 402

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “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

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. ” While at Guaranteed Rate, Patel and his team closed more than 250 loans in 2022 and increased the purchase volume by 20% from 2021. “I’m

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential. Six months after raising $3.5

Mortgage 329

Mortgage Investors Retail Investing 329

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

Modernization 306

Modernization Mortgage Lending Investors 306

Housing Wire

FEBRUARY 22, 2023

“By integrating Roostify’s digital mortgage technology platform with CoreLogic’s robust data, analytics and workflow solutions, clients will gain critical information about borrowers and properties at the beginning of the loan process, saving both time and money,” CoreLogic said in a statement on Wednesday.

Mortgage 321

Mortgage Loan Conditions Technology Lending 321

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. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 342

Finance Marketing Renovations Investors 342

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024. Census Data.

Investors 367

Investors Real Estate Lending Loan Officers 367

Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. For investors, a warning: it means that profitability will take some time to achieve. ” In 2021, Blend processed more than 1.8 Blend won’t abandon its usage-based fee revenue model.

Mortgage 356

Mortgage Marketing Human Resources Clients 356

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. Meanwhile, investors are taking steps to acquire the business. ban of the short-form video app. million ‘likes’ on TikTok. The bill is now in the Senate, where the outcome is unknown.

Loan Officers 339

Loan Officers Tools Business Clients 339

Housing Wire

JUNE 2, 2022

An LO with a client at the closing table. The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? In 2021, S&P Global estimated non-QM volume reached $28.6

Lending 332

Lending Investors Mortgage Clients 332

Housing Wire

FEBRUARY 14, 2024

The rapid collapse of four regional banks that began last March shocked regulators and investors alike. The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. By the end of Feb.

Mortgage 363

Mortgage Real Estate Insurance Tenants 363

Housing Wire

SEPTEMBER 24, 2021

The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams. Ocrolus has onboarded over 75 corporate team members in 2021 and plans to hire even faster in 2022.

Technology 269

Technology Valuation Lending Investors 269

Housing Wire

DECEMBER 11, 2020

The recent string of executive-level hires is part of a company focus to prepare for growth through the end of this year and into 2021. Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce.

Lending 306

Lending Legal Clients Development 306

Housing Wire

FEBRUARY 9, 2021

HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021. We saw and endured COVID force a pause on the business and had to quickly respond and adapt to continue to lend. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards.

Lending 321

Lending Loan Officers Business Investors 321

Housing Wire

FEBRUARY 29, 2024

Another loan closing today is for a real estate agent who is an investor and has done many mortgages in the past. Regulators at the Consumer Financial Protection Bureau (CFPB) have expressed growing concerns about fair lending issues associated with pricing exceptions. Fair lending concern To start, here’s how pricing exceptions work.

Loan Officers 357

Loan Officers Mortgage Lending Real Estate Agent 357

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

Mortgage 356

Mortgage Lending Finance Retail 356

Housing Wire

SEPTEMBER 12, 2023

Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. “For my clients, if rates do get into the 5s, we’re going to jump in [to originate refis]. If the borrower pays the loan within a few months, the investor’s return will not materialize.

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

Housing Wire

AUGUST 30, 2022

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 380

Tools Lending Technology Valuation 380

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. The new rule is slated to be implemented on Oct.

Lending 309

Lending Loan Officers Real Estate Mortgage 309

Housing Wire

DECEMBER 2, 2020

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. billion of it coming through its forward-lending arm. The company funded $9.17 billion in the third quarter, with about $8.5 Presented by: WFG. billion valuation.

Finance 215

Finance Lending Retail Business 215

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Andy Higginbotham, chief operating officer of Freddie Mac’s Single-Family business, said the partnership with Blend was a natural choice as both companies hone in on consumers demand for a fully digital lending experience.

Mortgage 227

Mortgage Lending Investors Clients 227

Housing Wire

JULY 27, 2021

trillion in origination volume and a continuation of tight lending spreads. Then, by late Q1/early Q2 2021, pricing wars were erupting in various channels, margins were falling (rapidly), and the industry was getting ready for a decrease in lending activity in the back half of the year. We got the exact opposite.

Mortgage 382

Mortgage Technology Lending Clients 382

Housing Wire

MARCH 28, 2022

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . This year’s non-QM volume numbers are impressive, up nearly threefold over the first three months of this year, compared with 2021. It would be virtually impossible.”.

Lending 337

Lending Investors Mortgage Business 337

Housing Wire

AUGUST 21, 2023

Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. The company was No. Its three-year growth rate was 1,241%.

Real Estate 345

Real Estate Real Estate Agent Technology Investors 345

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 ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 311

Real Estate Brokerage Real Estate Agent Technology 311

McKissock

JANUARY 5, 2021

Last month (December), we asked our CE Plus members , “What are your career goals for 2021?” Real Estate Career Goals For 2021. “To full-time draftsman to full-time real estate agent/investor by the end of 2021.” The post Real Estate Agents Divulge Their Goals For 2021 appeared first on McKissock Learning.

Real Estate Agent 79

Real Estate Agent Real Estate Agents Clients 79

Housing Wire

OCTOBER 7, 2022

The truth is there are more and more tech elements out there that help real estate investors, be it potential homebuyers, cash-only buyers or iBuyers. HW: How can real estate agents and loan officers collaborate to foster strong relationships with clients despite rising rates? In 2021, Percy.ai being brought into existence.

Housing Market 321

Housing Market Real Estate Agent Marketing Real Estate 321

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

Loan Officers 440

Loan Officers Lending Mortgage Housing Market 440

Housing Wire

MAY 5, 2021

And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. All told, the Detroit lending powerhouse originated $103.6 One other interesting development is the growth in its Rocket Pro Insight program, which gives real estate agents insight into their clients’ mortgage process.

Mortgage 402

Mortgage Real Estate Agent Real Estate Clients 402

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . That plan is now in full motion and, if successful, will double the lender’s origination volume this year, compared to 2021 — most of it in the non-QM space.

Marketing 331

Marketing Retail Lending Mortgage 331

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. Much of this volume was securitized in the 68 deals that came to market in 2021.

Marketing 311

Marketing Investors Technology Loan Officers 311

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. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

Housing Market 395

Housing Market Marketing Brokerage Real Estate 395

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Goldman Sachs ’s analysts wrote in a report to clients on January 6 that, overall, they remain negative on the group of nonbank mortgage originators for this year. Investors were nonplussed. How could they resist?

Mortgage 357

Mortgage Retail Finance Investors 357

Housing Wire

DECEMBER 18, 2020

22, 2021, the company told HousingWire late Thursday. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Like other lenders, UWM has posted record profits amid a low-rate environment that has driven a huge volume of refinancings through its broker clients.

Clients 430

Clients Mortgage Investors Finance 430

Housing Wire

JULY 19, 2021

Blend’s investors are apparently convinced that the company can radically transform lending, simplifying and digitizing regimented-but-clumsy processes that are still rather paperwork-heavy. The startup, led by co-founder Ghamsari, helped 291 clients process roughly $1.4 ” The post Blend is now worth $4.6B.

Insurance 381

Insurance Investors Technology Real Estate Agent 381