Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgage 327

Mortgage Loan Officers Technology Lending 327

Housing Wire

MARCH 10, 2021

Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance. The community lending segment has experienced impressive growth over the last 10 years. Powered by technology and fulfillment partnerships, community lenders are poised to continue their growth path in 2021.

Marketing 382

Marketing Technology Lending Business 382

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). LoanSnap originated $3 million in production volume over the past year across 32 units, data from mortgage technology platform Modex showed.

Loan Officers 324

Loan Officers Mortgage Finance Lending 324

Housing Wire

OCTOBER 18, 2023

I asked the good folks at mortgage data technology firm InGenius to run the numbers. Broadly speaking, the broker space tends to be more relationship focused, which lends itself better to a purchase environment. Let’s look at InGenius’s data on the number of loan officers and corresponding production levels.

Retail 509

Retail Loan Officers Brokerage Mortgage 509

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. In 2020 and 2021 when refinances were booming, we saw every lender thriving.

Mortgage 339

Mortgage Retail Lending Loan Officers 339

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. billion in 2021. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 344

Loan Officers Retail Real Estate Agent Real Estate 344

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.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

FEBRUARY 10, 2023

Innovative technology is imperative to the mortgage industry with more and more applicants taking advantage of online options offered by lenders,” GHMC president and CEO Chip Adkins said in a prepared statement. The company has 48 state licenses, three retail branches and 13 loan officers.

Retail 351

Retail Tools Loan Officers Design 351

Housing Wire

FEBRUARY 15, 2024

We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. Conventional loans account for 95% of Better’s portfolio, with the remaining 5% tied to other products such as jumbo loans.

Loan Officers 323

Loan Officers Finance Mortgage Lending 323

Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. CreditXpert, a software solutions company, provides loan officers with the tools needed to help their clients reach their dream of homeownership.

Loan Officers 431

Loan Officers Clients Tools Technology 431

Housing Wire

JULY 29, 2022

About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae ‘s mortgage lender sentiment survey. billion in loan origination volume in 2021.

Mortgage 372

Mortgage Loan Officers Lending Real Estate Agent 372

Housing Wire

SEPTEMBER 26, 2023

Ocrolus already offers technologies to index documents automatically and to extract key information from documents using AI computer vision and human validation. Founded in 2014 with a focus on automating Medicaid application processes, Ocrolus decided in 2016 to use its technology to classify financial documents.

Mortgage 328

Mortgage Technology Lending Tools 328

Housing Wire

MARCH 1, 2021

Fred Bolstad, executive vice president of retail lending at U.S. Bolstad will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Lisa Patterson, chief originations officer at Homepoint. He leads both retail sales and operations, a channel that originated over $47 billion in 2020.

Retail 376

Retail Lending Loan Officers Technology 376

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond.”

Real Estate Agent 403

Real Estate Agent Real Estate Agents Lending 403

Housing Wire

NOVEMBER 3, 2021

For the sixth straight quarter , eXp World Holdings , the parent company of eXp Realty , reported record breaking revenue, according to the company’s earnings report for the third quarter of 2021, released Wednesday. Year-over-year the number of agents and brokers increased 82% in Q3 2021 to 65,269. million, while net income was $23.8

Brokerage 301

Brokerage Lending Realty Agents 301

Housing Wire

JUNE 30, 2023

“The increased investment in technology and additional resources GRI brings will enhance and strengthen an already established foundation.” ” Premia ‘s production represents a small share of G-Rate’s origination volume, which reached $7 billion in the first three months of 2023. It fell 58.8%

Mortgage 309

Mortgage Loan Officers Technology Buyers 309

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 367

Law Loan Officers Lending Advertising 367

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. Magazine’s list of the 5,000 fastest growing companies in America in 2021.

Retail 347

Retail Loan Officers Brokerage Technology 347

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We

Retail 363

Retail Mortgage Loan Officers Marketing 363

Housing Wire

SEPTEMBER 28, 2022

The executive was most recently chief executive officer at mortgage marketing firm Volly. Before that he served as president of origination technologies at Black Knight. He also had a stint as chief information officer of mortgage and home equity lending at Bank of America. . in 2021, compared to 2.3%

Mortgage 324

Mortgage Loan Officers Lending Technology 324

Housing Wire

SEPTEMBER 28, 2023

In my career, I’ve swung between enabling technology and securing it at the same time. SW: At PRMG, do you generally build or buy technology? JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment.

Technology 378

Technology Loan Officers Lending Business 378

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.’” With smarter and faster data, a personalized service experience is key for the future of lending. #2 5 Technology becomes fintech.

Mortgage 530

Mortgage Technology Loan Officers Business 530

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Presented by: Acra Lending.

Human Resources 343

Human Resources Loan Officers Retail Training 343

Housing Wire

JUNE 6, 2022

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. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 408

Mortgage Loan Officers Lending Human Resources 408

Housing Wire

JANUARY 31, 2022

The nonbank mortgage lender is expanding its consumer direct lending business while some competitors are laying off employees with the expectation that the channel cools down with higher mortgage rates. PennyMac is growing fast with its consumer direct lending business. million in revenues in the third quarter 2021, 80% of the total.

Business 279

Business Lending Loan Officers Mortgage 279

Housing Wire

MARCH 8, 2021

HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to. HousingWire: Why do you feel it is important to continually develop and use new technologies? First, mortgage lending is highly volatile.

Technology 303

Technology Lending Loan Officers Development 303

Housing Wire

SEPTEMBER 23, 2022

We are continually seeking opportunities for partnerships to help us lead our industry into the next generation of mortgage lending.”. Both companies generate the vast majority of their origination volume through the retail channel and expect to expand their loan offerings by combining their businesses, executives said. .

Mortgage 369

Mortgage Retail Loan Officers Technology 369

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Approximately 200 employees will be laid off, the majority of which are based in Academy’s home office in Draper, Utah, Schmidt said. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Retail 390

Retail Mortgage Loan Officers Construction 390

Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo.

Marketing 356

Marketing Real Estate Agent Lending Real Estate 356

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 350

Mortgage Loan Officers Retail Technology 350

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. In 2021, Veritex Holdings , the parent company of Veritex Community Bank , acquired a 49% stake in the lender for $53.9

Mortgage 387

Mortgage Retail Loan Officers Finance 387

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 323

Lending Loan Officers Business Investors 323

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 370

Housing Market Marketing Contracts Finance 370

Housing Wire

MAY 4, 2022

a software and data company whose mini-empire includes ICE Mortgage Technology , has bought Black Knight. The move between what are generally regarded as the two biggest suppliers of mortgage loan origination software is the latest domino to fall in a mortgage market careening off the rails.

Loan Officers 422

Loan Officers Mortgage Lending Technology 422

Housing Wire

JUNE 1, 2021

The deal will allow Black Knight access to Top of Mind’s brain child, Surefire, a customer relationship management system and marketing automation software for the mortgage lending industry. ” The software boasts an all-in-one connectivity between LOSs, CRM, POSs, lead sources and sales acceleration systems. .

Clients 422

Clients Loan Officers Real Estate Brokerage 422

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

Mortgage 279

Mortgage Investors Investing Technology 279

Housing Wire

NOVEMBER 23, 2022

In total, Home Point has shrunk its workforce from about 4,000 workers in the summer of 2021 to about 1,000 in the fall of 2022. It was last year that the company raised $175 million , led by StoicLane, to fund new technologies. Since relaunching operations, Interfirst also hired teachers and first responders to be loan officers.

Marketing 327

Marketing Loan Officers Business Mortgage 327