Housing Wire

APRIL 9, 2024

Fannie Mae this month issued a recent progress report on its ongoing effort to scan appraisal reports for “prohibited or subjective language,” updating stakeholders on a process that began in 2021 to rid appraisal reports and valuation decisions of verbiage that could be construed as contributing to appraisal bias.

Appraisal 388

Appraisal Valuation Law Lending 388

Housing Wire

APRIL 11, 2022

Nonbanks and mortgage subsidiaries of chartered banks saw a big dip in profitability in 2021 amid rising interest rates, lower refinance originations, and higher expenses. The average production profit went from 157 basis points in 2020, a record high, to 82 basis points in 2021. Presented by: Acra Lending. billion in 2020.

Lending 350

Lending Mortgage Valuation Inventory 350

Housing Wire

JULY 13, 2021

Lenders reported significant origination volume in the first quarter of 2021, but as rates change and the market shifts to a more purchase-driven origination environment, lenders need to carefully monitor margins and profitability. Historically, mortgage servicing rights (MSR) have been valued once per month or once per quarter.

Valuation 392

Valuation Tools Technology Lending 392

Housing Wire

DECEMBER 1, 2021

See below for the full list of HousingWire’s 2021 Tech Trendsetters, and click through for the profiles of each honoree. President, Anow & Valuation Software. Synergy One Lending. The post Introducing the HousingWire 2021 Tech Trendsetters appeared first on HousingWire. Company Name. Abe Kuruvilla. Alan Johnson.

Technology 427

Technology Development Realty Valuation 427

Housing Wire

OCTOBER 1, 2021

Class Valuation. Planet Home Lending. The post Introducing the 2021 HousingWire Vanguards appeared first on HousingWire. Joe Tyrrell. ICE Mortgage Technology. Founder & CEO. Total Expert. John Berkowitz. Co-Founder and CEO. John Fraas. John Hedlund. Chief Operating Officer, Manager Director. AmeriHome Mortgage Company.

Finance 356

Finance Technology Legal Mortgage 356

Housing Wire

AUGUST 16, 2021

It also represents a gain on the $49 billion originated in the first quarter of 2021. And UWM’s gain-on-sale margin slipped to 81 basis points in Q2 2021, down from 243 bps a year ago and 219 bps in the first quarter of 2021. UWM also experienced a decline in the valuation of mortgage servicing rights to $260.51

Development 392

Development Mortgage Retail Business 392

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. Aslan Home Lending. Planet Home Lending. Class Valuation. The post Introducing the 2021 HW Insiders appeared first on HousingWire. Chris Favilla. Head of Operations. Executive Vice President of Administration. Howard Hanna. David Sheeler. LoanLogics.

Technology 302

Technology Human Resources Finance Retail 302

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 300

Lending Valuation Business Technology 300

Housing Wire

NOVEMBER 29, 2022

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. in 2021 from 1990. in 2020 and 2021, up from 78.4% In 2021, Black homebuyers in these states were approved at 69% of white mortgage applicants.

Lending 351

Lending Government Mortgage Valuation 351

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

Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. In May 2021, Snapdocs raised $150 million in a Series D funding, led by Tiger Global, bringing its valuation to more than $1.5 billion and its total funding to $260 million.

Mortgage 321

Mortgage Technology Lending Valuation 321

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.” I think not many people understand how this byzantine system works,” Chopra said. housing market in the future.

Appraisal 359

Appraisal Valuation Government Appraisal Process 359

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 368

Appraisal Loan Officers Valuation Finance 368

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 389

Tools Lending Technology Valuation 389

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 344

Appraisal Valuation Law Loan Officers 344

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

Law 412

Law Legal Valuation Government 412

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 369

Insurance Lending Real Estate Agent Valuation 369

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 397

Advertising Home Value Lending Valuation 397

Appraisal Buzz

NOVEMBER 3, 2021

Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. ANSI Z265-2021 has been developed by experts working at and in conjunction with the NAHB. Valuation professional application samples of unique properties. Technology impacts.

Valuation 370

Valuation Development Technology Appraisal 370

Housing Wire

APRIL 21, 2021

Temporary flexibilities related to employment verification, condominium project reviews, and expanded power of attorney are being allowed to expire as scheduled on April 30, 2021, the FHFA said. The government agency also said it plans to retire all temporary selling flexibilities on May 31, 2021.

Real Estate Agent 393

Real Estate Agent Valuation Appraisal Modernization 393

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. Rocket Mortgage , America’s largest lender, made its debut in the summer and is now trading at a $45 billion valuation.

Valuation 334

Valuation Retail Mortgage Inventory 334

Housing Wire

AUGUST 23, 2021

LRES Corporation , a California-based REO and valuation services company , has inked a deal to acquire Keystone Asset Management , a REO property management firm that also offers related services. Its services include property valuation, REO asset management, property preservation, property tax consulting and home insurance.

Valuation 269

Valuation Property Taxes Property Management Real Estate 269

Appraisal Buzz

JUNE 10, 2021

Clario’s growth is unprecedented, expanding from 30 staff appraisers in 2019 to over 100 by the end of 2020, and is on target to employ 180 staff appraisers by the end of 2021. We specialize in real estate valuations for the mortgage lending and financial services industries. RENO, Nev. — Clario Appraisal Network, Inc.,

Appraisal 370

Appraisal Valuation Training Real Estate 370

Housing Wire

JUNE 14, 2022

Freddie Mac research concluded in 2021 that appraisal gaps, which negatively impact Black and Latino borrowers and homeowners, exist on purchase appraisals. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models. Non-traditional appraisals to the rescue.

Appraisal 301

Appraisal Valuation Inspection Law 301

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 475

Finance Lending Retail Investing 475

Housing Wire

APRIL 27, 2021

Legislation in Congress would try to solve for inconsistencies in appraisal underwriting, a lack of diversity in the profession, and the legacy of property valuation discrimination. Emanuel Cleaver (D-MO) and Rep. A 2018 study from the Brookings Institute found that in the average U.S.

Appraisal 382

Appraisal Valuation Design Real Estate 382

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. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Mortgage 303

Mortgage Retail Technology Lending 303

Housing Wire

DECEMBER 23, 2022

In a report issued on Wednesday, the watchdog said the regulator of Fannie Mae and Freddie Mac, which itself published a report that drew attention to racial bias claims in December 2021, should notify state regulators and licensing authorities when it finds cases of appraisal bias. million active appraisal records to the U.S.

Appraisal 361

Appraisal Lending Law Finance 361

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Who even knew about desktop valuations or evaluations? Understanding what drives interest rates should be of utmost importance to an appraiser that is doing predominately lending work.

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

OCTOBER 4, 2022

The RFI, published in the Federal Register, asks questions related to the current availability of small mortgage financing, barriers and disincentives to small mortgage lending transactions, as well as changes to policies or processes that would encourage more origination of such products. The FHA will be soliciting feedback through Dec.

Mortgage 340

Mortgage Government Lending Finance 340

Housing Wire

MAY 25, 2021

Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions.”.

Mortgage 402

Mortgage Valuation Loan Officers Retail 402

Housing Wire

JULY 14, 2022

Originations decreased 45% in comparison with the second quarter of 2021. JPMorgan ’s home lending net revenue reached $1 billion in the second quarter, down from $1.3 billion in the same quarter in 2021 and $1.2 billion in the same period of 2021. billion in the previous quarter of 2022.

Mortgage 376

Mortgage Retail Valuation Lending 376

Housing Wire

AUGUST 5, 2021

The 30-year fixed-rate mortgage dipped back to where it stood at the beginning of 2021, and the 15-year fixed remained at its historic low. Mortgage rates have stayed stubbornly low, barely exceeding 3%, defying predictions that 2021 would bring a return to higher levels. Presented by: Black Knight.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

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 411

Mortgage Loan Officers Lending Human Resources 411

Housing Wire

MAY 4, 2023

The California mortgage tech firm — now at risk of getting delisted from the NYSE — was off to a promising start when it went public in July 2021. With shares closing at $20.90, Blend had a valuation of around $4.6 million in 2021. Blend sold 20 million shares of Class A stock at $19 apiece, raising $360 million.

Business 311

Business Valuation Mortgage Lending 311

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 278

Technology Valuation Lending Investors 278

Housing Wire

AUGUST 17, 2022

The partnership with Palantir, co-founded by Peter Thiel, appears to be an attempt to resuscitate a company that not long ago was hailed as being at the vanguard of innovation in the digital lending space, but more recently has been exposed by a lack of reliable purchase business and a series of self-inflicted scandals.

Investors 411

Investors Brokerage Valuation Mortgage 411