Housing Wire

MARCH 4, 2024

Guideline Buddy’s chatbot leverages generative AI technology to simplify the loan qualification process by providing swift and accurate information, freeing professionals from the time-consuming burden of sifting through extensive documentation, the firm said.

Loan Officers 358

Loan Officers Tools Design Technology 358

Housing Wire

APRIL 30, 2024

In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage companies navigate market fluctuations and changing consumer behaviors. Instead, we invest heavily in empowering our loan officers.

Loan Officers 413

Loan Officers Technology Modernization Project Management 413

Housing Wire

APRIL 11, 2024

which had 142 sponsored loan officers and 41 active branches as of April 11. CMG was the 16th-largest mortgage lender in the country in 2023, with volume of $20.16 In March 2023, the company struck a deal to acquire Homebridge Financial Services ‘ retail division and grow its footprint in the channel.

Retail 365

Retail Loan Officers Realtors Mortgage 365

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. As for their expectations for 2024, banks expect loan demand to strengthen across all loan categories, citing an expected decline in interest rates.

Lending 466

Lending Mortgage Loan Officers Government 466

Housing Wire

OCTOBER 27, 2022

But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In Whether or not you succeed in 2022 and 2023 begins with looking at what you can do to help your team navigate this time. They’re not going to help you; they’re just going to pull you down.

Loan Officers 376

Loan Officers Clients Mortgage Marketing 376

Housing Wire

JANUARY 8, 2024

ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In

Clients 372

Clients Investing Mortgage Technology 372

Housing Wire

OCTOBER 18, 2023

I asked the good folks at mortgage data technology firm InGenius to run the numbers. “From the first six months of 2022 to first six months of 2023, brokers have increased their percentage from 23% to 28% while retail has decreased by that same percentage,” Jeff Walton, CEO and co-founder of InGenius, told me. Take a look.

Retail 510

Retail Loan Officers Brokerage Mortgage 510

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. HW: What is the outlook for non-QM in 2023? TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising.

Lending 351

Lending Investors Loan Officers Technology 351

Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country.

Clients 345

Clients Real Estate Agent Technology Loan Officers 345

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 339

Loan Officers Finance Mortgage Lending 339

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 325

Mortgage Loan Officers Technology Buyers 325

Housing Wire

FEBRUARY 28, 2024

Newrez loan officers, in return, will benefit from predictive analytics that allow them to better manage customers along their home purchase journey, the lender said. billion in 2023, per data from Inside Mortgage Finance. Newrez/Caliber ranked as the seventh largest lender in the country with an origination volume of $36.5

Real Estate Agent 385

Real Estate Agent Real Estate Agents Loan Officers 385

Housing Wire

APRIL 18, 2024

N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS). In 2023, it acquired the mortgage division of BNC National Bank. Bill Watson, chairman of Watson Realty Corp.,

Mortgage 382

Mortgage Realty Loan Officers Retail 382

Housing Wire

OCTOBER 9, 2023

More than a mortgage app Developed by the company’s in-house technology team, the Rate App took two-and-a-half years to bring to market and an investment of “millions of dollars,” Ciardelli said, though he declined to provide a specific figure. Delivering value to stay relevant So what is the new app’s business benefit for loan officers?

Loan Officers 414

Loan Officers Mortgage Technology Realtors 414

Housing Wire

APRIL 30, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division. Founded in Denver in 1981, Universal added 60 loan officers to Lower. The company is looking for geographic expansion and companies that are “technically sound,” he added.

Retail 377

Retail Loan Officers Lending Mortgage 377

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. With the mortgage market declining 70% year over year, the plan gained traction in early 2023.

Loan Officers 355

Loan Officers Retail Real Estate Agent Real Estate 355

Housing Wire

SEPTEMBER 1, 2023

Meanwhile, Spring EQ will be able enhance its platform through further investments in technology, new commercial opportunities and growth-based operational initiatives, the company said. Founded in 1996, Pennsylvania-based Spring EQ offers home equity, HELOCs, refis and purchase loans. accelerates.

Loan Officers 360

Loan Officers Investing Technology Mortgage 360

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. LOs are aligning their strategies to target the purchase market, as rates are not expected to drop in a meaningful way in 2023.

Renovations 386

Renovations Realtors Construction Mortgage 386

Housing Wire

APRIL 17, 2023

Today, we can’t justify the expense to implement that technology , but in the future, if we see enough demand, we’d definitely consider it. Interestingly, our company gets a lot of insight about what customers want and/or customer issues from our loan officers.

Loan Officers 313

Loan Officers Investors Valuation Real Estate 313

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. Adjusted operating expenses posted $199 million in Q3 2023, up about 32.7%

Business 256

Business Mortgage Technology Real Estate Agent 256

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 401

Retail Mortgage Loan Officers Construction 401

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 356

Loan Officers Clients Mortgage Construction 356

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As Your technology has to be fantastic every day. They have options.

Loan Officers 449

Loan Officers Mortgage Business Retail 449

Housing Wire

JUNE 27, 2023

According to HousingWire ‘s Q3 2023 LenderPulse survey, industry workers said they would cut down on marketing spend and tools, as well as reduce additional headcount, if they had to further contain costs. Roughly 44% are neutral about the economic climate in the third quarter of 2023 while about 43.4% are pessimistic and 12.6%

Mortgage 324

Mortgage Marketing Tools Open Houses 324

Housing Wire

OCTOBER 4, 2023

Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018. Nearly two-thirds of lenders (65%) in 2023 said that they are familiar with AI/ML technology, consistent with 2018 (63%). “As

Technology 356

Technology Lending Valuation Mortgage 356

Housing Wire

SEPTEMBER 26, 2023

It is also turning Acra’s business into a technology-first one, the statement said. We are in an environment that is highly dependent on adoption of technology, and Acra does not want to be a company that does not adapt to technology,” Gregory Meola, managing director at Acra Lending said. “As

Lending 347

Lending Technology Design Investors 347

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. Financial details of the merger, which is expected to close in the first quarter of 2024, were not disclosed.

Mortgage 401

Mortgage Retail Loan Officers Finance 401

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. According to Gross, the move to the new company brings “access to improved pricing, technology and marketing to Platinum’s branches.” “In The lender originated $6.5

Retail 392

Retail Mortgage Lending Renovations 392

Housing Wire

APRIL 13, 2023

The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023. NMLS showed the bank has 63 registered loan officers. The BNC platform is expected to transition to the First Federal branch within a few months of closing. billion, according to its website.

Business 359

Business Mortgage Loan Officers Lending 359

Housing Wire

SEPTEMBER 23, 2022

Thrive’s chief operations officer Selene Kellam , who designed the lender’s operations workflow, will be the chief executive officer starting in 2023. billion in loans over the past 12 months, 90% of it through the retail channel, according to data on mortgage tech platform Modex. We keep our company well capitalized.

Mortgage 370

Mortgage Retail Loan Officers Technology 370

Housing Wire

FEBRUARY 9, 2023

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. Most of the originations were conventional and purchase loans.

Mortgage 344

Mortgage Retail Loan Officers Lending 344

Housing Wire

FEBRUARY 12, 2024

HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024? Amanda Phillips: 2023 was a year of trials and tribulations for financial institutions. While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier.

Mortgage 360

Mortgage Technology Inventory Lending 360

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year. That price is higher than it was in 2023.

Loan Officers 256

Loan Officers Real Estate Agent Tools Business 256

Housing Wire

JULY 13, 2023

Chacón brings with her over a decade of leadership experience in product management and technology to her new role. In 2023, Argyle said it added 44 new customers across key industries and integrated various partners to offer customers turnkey solutions for seamless income and employment verification.

Technology 319

Technology Design Lending Loan Officers 319

Housing Wire

SEPTEMBER 8, 2022

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. Mike is an experienced mortgage loan officer. Not anymore.

Business 406

Business Marketing Technology Tools 406

Housing Wire

JANUARY 10, 2024

The current project location is still operational and occupied by key information technology teams and senior leaders. Over the 12-year term of the grant, the project was projected to grow North Carolina’s economy by more than $813 million. Pennymac invested more than $1.5 The lender’s U.S.

Investing 303

Investing Development Tenants Loan Officers 303

Housing Wire

JANUARY 2, 2024

In 2023, we saw a lot of changes and movement among some of the most influential players in social media. In the mortgage industry, we saw a significant number of loan officers and real estate agents join the platform to share educational home-buying tips targeted toward a younger audience and first-time homebuyers.

Real Estate Agent 392

Real Estate Agent Loan Officers Advertising Mortgage 392