Housing Wire

DECEMBER 1, 2021

These Tech Trendsetters are setting the bar when it comes to tech innovation, as their accomplishments are paving the future of the mortgage space. See below for the full list of HousingWire’s 2021 Tech Trendsetters, and click through for the profiles of each honoree. United Wholesale Mortgage. ICE Mortgage Technology.

Technology 422

Technology Development Realty Valuation 422

Appraisal Buzz

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? That is unfortunate and disingenuous.

Modernization 370

Modernization Valuation Appraisal Training 370

Housing Wire

JULY 13, 2021

Over the course of the last year, the mortgage industry has seen increases in origination volumes and decreases in released servicing bids. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability.

Valuation 384

Valuation Tools Technology Lending 384

Housing Wire

AUGUST 16, 2021

United Wholesale Mortgage CEO Mat Ishbia has set the goal of topping arch-rival Rocket Mortgage by 2024. The wholesale-only lender originated $59 billion in mortgages in the second quarter, generating $139 million in net income, UWM disclosed in its earnings report on Monday. billion in Q1 and $6.2 billion a year ago.

Development 391

Development Mortgage Retail Business 391

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

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 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

OCTOBER 1, 2021

United Wholesale Mortgage. Mortgage Champions. ICE Mortgage Technology. Class Valuation. AmeriHome Mortgage Company. AmeriHome Mortgage. Fairway Independent Mortgage Corporation. Rocket Mortgage. Planet Home Lending. First Community Mortgage. Cornerstone First Mortgage.

Finance 347

Finance Technology Legal Mortgage 347

Housing Wire

OCTOBER 4, 2022

The Federal Housing Administration (FHA) on Tuesday issued a request for feedback from the public on how it can increase access to small balance mortgages through its single-family mortgage insurance programs. Due to high fixed origination costs, many mortgage lenders shy away from offering mortgages under $150,000.

Mortgage 331

Mortgage Government Lending Finance 331

Housing Wire

JULY 14, 2022

JPMorgan Chase leaders Thursday provided a glimpse of what’s to come as mortgage lenders begin sharing performance data for the second quarter – and it’s not pretty. But, so far, the landscape is hurting the mortgage business. JPMorgan Chase, the fifth-biggest mortgage lender in the country, reported its origination volume totaled $21.9

Mortgage 370

Mortgage Retail Valuation Lending 370

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire. million in the first quarter of this year. .

Mortgage 295

Mortgage Retail Technology Lending 295

Housing Wire

FEBRUARY 14, 2024

The demise of those banks, which had relied in part on friendly terms on jumbo mortgage loans to entice wealthier clients, had lasting effects on the mortgage landscape – as part I and part II of our jumbo series show. 7, the bank was reportedly offering to sell Flagstar’s residential mortgage assets.

Mortgage 369

Mortgage Real Estate Insurance Tenants 369

Housing Wire

SEPTEMBER 1, 2021

United Wholesale Mortgage. First Guaranty Mortgage Corporation. First American Mortgage Solutions. DHI Mortgage Company. American Mortgage Network. First Community Mortgage. President of Residential Servicing and Correspondent Lending. Freedom Mortgage. Academy Mortgage Corporation.

Technology 295

Technology Human Resources Finance Retail 295

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

Mortgage 413

Mortgage Valuation Investors Housing Market 413

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 Within the congressional justifications for the U.S.

Mortgage 325

Mortgage Insurance Training Government 325

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. In the fourth quarter of 2020, the company reported a net income of nearly $60 million, driven by historic mortgage originations.

Mortgage 400

Mortgage Valuation Loan Officers Retail 400

Housing Wire

APRIL 14, 2021

JPMorgan Chase increased originations by 21% over the fourth quarter of 2020, but compressed margins ate away at the bank’s mortgage profits in the first quarter of 2021. Notably, JPMorgan grew mortgage originations in both its retail division – $23 billion in Q1, up 14% from $20.1 billion originated in the prior quarter.

Mortgage 363

Mortgage Retail Lending Valuation 363

Housing Wire

NOVEMBER 29, 2022

Mortgage fairness for Black and Native Americans is no better today than it was 30 years ago, according to a new mortgage fairness report. The report, issued by “fairness-as-a-service” solution firm FairPlay AI , was based on a study of more than 350 million mortgage applications from 1990 to 2021.

Lending 345

Lending Government Mortgage Valuation 345

Housing Wire

MAY 16, 2023

Ann Arbor, Michigan-based Home Point Capital did not experience the traditional ceremony to ring the Nasdaq Stock Market bell when the company went public in early 2021. It was basically the best company I’ve ever worked at,” a former underwriter, who joined the company in January 2021, said. “Homepoint was fantastic.

Mortgage 356

Mortgage Lending Business Technology 356

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 billion public valuation for LendCo when it goes public.

Lending 291

Lending Valuation Business Technology 291

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. How fine-tuning MSR valuations can help lenders improve decision-making.

Mortgage 463

Mortgage Home Value Valuation Inventory 463

Housing Wire

JANUARY 22, 2021

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. In the third quarter, UWM originated $54 billion worth of mortgages. By 10:45 a.m.

Mortgage 515

Mortgage Technology Investors Business 515

Housing Wire

MARCH 16, 2022

Cyberattacks are on the rise in recent weeks, as sanctions on Russia push its economy to the breaking point , and mortgage lenders may have unique vulnerabilities. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. Presented by: FundingShield.

Mortgage 359

Mortgage Marketing Lending Loan Officers 359

Housing Wire

APRIL 6, 2023

“This is an opportunity to expand our understanding of the issues facing today’s appraisal industry and to get a clearer picture of how current practices and the appraisal regulatory system impact lending in this country.” housing market in the future.

Appraisal 351

Appraisal Valuation Government Appraisal Process 351

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. Presented by: Altisource.

Appraisal 366

Appraisal Loan Officers Valuation Finance 366

Housing Wire

MARCH 13, 2023

The lawsuit alleges that an appraiser with 20/20 Valuations lowered the valuation of a home because the owners, Nathan Connolly and Shani Motta, were Black — and were also denied the owners’ mortgage refinancing application with loanDepot based on the lower appraisal, which violated the FHA and ECOA. Lanham, et al.

Appraisal 336

Appraisal Valuation Law Loan Officers 336

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth.

Mortgage 330

Mortgage Technology Loan Officers Investing 330

Housing Wire

JUNE 15, 2021

Understanding the market value of collateral is a key fundamental component of safe and sound lending. the House Financial Services Committee passed the Real Estate Valuation and Fairness Act. Educating all those who participate in collateral valuation and underwriting is at the core of what the CoreLogic Columbia Institute does.

Appraisal 393

Appraisal Valuation Law Lending 393

Appraisal Buzz

SEPTEMBER 15, 2021

Boston, September 14, 2021 – Reggora , an appraisal software company, improving residential real estate valuation, announced today that Envoy Mortgage has adopted its appraisal management system to help process all loans requiring an appraisal. Read about the company’s vision for the future of valuation here.

Technology 195

Technology Appraisal Modernization Mortgage 195

Housing Wire

OCTOBER 8, 2021

The Consumer Financial Protection Bureau (CFPB) today settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations. Growing and investing in relationships and communities in the long term is one of the many opportunities presented by stricter fair lending regulations.

Advertising 393

Advertising Home Value Lending Valuation 393

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. According to Kris Kully, an attorney at Mayer Brown , the notice will affect mortgage lenders because many of the underwriting systems lenders use to measure default risk contain proprietary algorithms, or “black-box models.” Presented by: Mortgage Coach.

Law 411

Law Legal Valuation Government 411

Housing Wire

AUGUST 30, 2022

There is also a renewed interest in the future state of residential mortgage originations. 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. Looking Inward.

Tools 384

Tools Lending Technology Valuation 384

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9

Finance 471

Finance Lending Retail Investing 471

Housing Wire

JANUARY 7, 2021

Mortgage tech is already off to the races, with companies introducing new digital products early in 2021. Digital mortgage platformer Blend is back this week, announcing that they are furthering their Freddie Mac partnership by integrating the GSE’s automated underwriting system, Loan Product Advisor.

Mortgage 228

Mortgage Lending Investors Clients 228

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. It originated about $36 billion in mortgages during the first half of the year, according to Inside Mortgage Finance.

Valuation 326

Valuation Retail Mortgage Inventory 326

Housing Wire

OCTOBER 13, 2021

billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday. Year over year, home lending at the bank rose 27.3%. Mortgage fee and related income came in at $596 million, up from the $548 million JPMorgan Chase generated in the second quarter.

Supply Chain 278

Supply Chain Mortgage Retail Valuation 278

Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency.

Insurance 362

Insurance Lending Real Estate Agent Valuation 362

Housing Wire

APRIL 23, 2024

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. The addressable market in mortgages is $1.5 million in loans serviced.

Tools 325

Tools Clients Investing Finance 325