Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

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Mortgage Retail Lending Sellers 364

Housing Wire

MARCH 1, 2024

HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”

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Finance Construction Realty Real Estate 360

Housing Wire

APRIL 24, 2024

Cooper Group unveiled strong financial results during the first quarter of 2024, buoyed in part by a strong servicing and subservicing business. in Q1 2024, up from 12.5% Cooper sold certain intellectual property rights for its cloud-based technology platform to Sagent and received a minority equity stake in the fintech company.

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Technology Lending Investing Contracts 286

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. from $490 billion in the second quarter.

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Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. The profitable lending business has more than a 50% contribution margin, he said in a meeting.

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Lending Valuation Technology Retail 349

Housing Wire

OCTOBER 10, 2023

“Our Marketplace unites a multitude of industry-leading solutions with the MeridianLink One platform to deliver exceptional consumer experiences and streamline contemporary lending processes,” Megan Pulliam, SVP of MeridianLink Marketplace, said in a statement. In the second quarter of 2023, Blend reported a non-GAAP net loss of $22.7

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Lending Technology Design Mortgage 325

Housing Wire

MARCH 12, 2024

nonbank mortgage lenders continue to gain market share as the industry consolidates and a number of smaller players exit the space due to a lack of strong franchises to retain sufficient volume, Fitch Ratings reported Tuesday. Fairway Independent Mortgage Corp. Rocket Mortgage had purchase origination volume of $47.5

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Mortgage Marketing Retail Lending 427

Housing Wire

NOVEMBER 7, 2023

As we plan for a gradual cycle turn in 2024, a few hot topics feel especially hot right now. And how should mortgage firms rethink tech strategy? Below I run down these hot topics and look forward to going deeper with fellow mortgage CEOs on a HousingWire webinar December 5. What’s next for the inflation fight and rates?

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Mortgage Loan Officers Valuation Tools 342

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

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Loan Officers Mortgage Retail Lending 381

Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before.

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Technology Lending Mortgage Business 340

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Mortgage 370

Mortgage Realty Loan Officers Retail 370

Housing Wire

DECEMBER 3, 2023

Mortgage holders withdrew a mere 0.41% of tappable equity in Q3, about 55% below the average withdrawal rate seen in the 12 years leading up to the Federal Reserve ’s most recent tightening cycle, according to the latest ICE Mortgage Technology ‘s mortgage monitor report. and 44.4%, respectively.

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Mortgage Technology Lending Marketing 412

Housing Wire

FEBRUARY 2, 2024

The Federal Housing Administration (FHA) on Friday announced that it has published a new final rule that eliminates a current requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations. The rule, originally proposed in March 2023 , takes into consideration stakeholder comments.

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Mortgage Finance Insurance Lending 409

Housing Wire

FEBRUARY 12, 2024

Amanda Phillips, EVP of Compliance, ACES Quality Management In the current mortgage landscape, ensuring the highest standards of loan quality is paramount not only during the origination process but also over the life of the loan. HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024?

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Mortgage Technology Inventory Lending 347

Housing Wire

MARCH 26, 2024

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We In recent congressional testimony , Mortgage Bankers Association (MBA) chief economist Mike Fratantoni pointed out that the housing market is now extremely supply challenged.

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Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

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Mortgage Buyers Inventory Technology 450

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. We’re utilizing the latest technology to do that with video and making the training much more engaging than they were back in the Loan Toolbox days.”

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Mortgage Marketing Loan Officers Training 363

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Loan Officers Technology Lending Tools 355

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Housing Wire

MARCH 5, 2024

In 2023 alone, the firm onboarded more than 90 new customers, bringing its total customer count to more than 140 across the mortgage, personal lending and background screening verticals. Argyle’s notable partnerships include integrations with Dark Matter Technologies, ICE Mortgage Technology and Fannie Mae.

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Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. The lender is also providing a discount on data intelligence software Mobility Market Intelligence.

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Real Estate Insurance Agents Real Estate Agent 502

Appraisal Buzz

MAY 13, 2024

Jason Mapes has joined Floify , which offers a point-of-sale (POS) solution for mortgage lenders, as head of sales. Mapes has 23 years of experience in the mortgage industry. He previously served as director of sales for nCino’s Mortgage Suite. The post Floify Taps Jason Mapes as Head of Sales appeared first on MortgageOrb.

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Technology Lending Mortgage Appraisal 195

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona.

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Mortgage Finance Real Estate Best Value 287

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.

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Mortgage Retail Loan Officers Finance 390

Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. The biggest year of mortgage production , from 2021-2022, generated $4.5 I sat down with Deitch for a wide-ranging conversation on the ways lenders can claw back profitability through smart technology and products that meet the moment.

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Technology Lending Mortgage Investing 327

Housing Wire

JANUARY 9, 2024

Mortgage giant Mr. Cooper Group has named Mike Weinbach, a former Wells Fargo and JPMorgan Chase executive, as its new president. He will succeed Chris Marshall, who is retiring at the end of 2024 but will assist with the transition. million and $3 million and be eligible for a long-term incentive for the 2024 fiscal year of $4.2

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Housing Wire

SEPTEMBER 19, 2023

One of the challenges in discussing what the mortgage industry needs to do next is figuring out what’s actually coming next. In August, when interest rates topped 7% for the first time in 22 years, there was a rash of articles featuring leading industry economists predicting what interest rates would do for the rest of the year and into 2024.

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Marketing Technology Lending Mortgage 310

Housing Wire

MAY 15, 2024

300 to 850) and also uses score-to-odds ratios, meaning that most lenders will not need to adjust their credit or lending policies to use the new pilot program. The list includes lenders such as Movement Mortgage , CrossCountry Mortgage and Premier Lending. As the fastest growing credit scoring company in the U.S.,

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Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) Zap Mortgage (no.294) Trius Lending Partners (no.678),

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Loan Officers Mortgage Development Lending 358

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

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Lending Technology Business Construction 335

Housing Wire

APRIL 30, 2024

After striking two M&A deals late last year, digital multichannel lender Lower plans to acquire at least one other business in 2024. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division. “But we have raised money from Silicon Valley.

Retail 365

Retail Loan Officers Lending Mortgage 365

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

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Mortgage Retail Loan Officers Brokerage 343

Housing Wire

JANUARY 22, 2024

Could 2024 be the worst year ever for real estate wire fraud ? As an industry, we have a window of opportunity to update our processes and invest in technology that will ensure 2024 is known for a market rebound, and not a banner year for fraud. in Q1 2024. Tyler Adams is CEO and cofounder of CertifID.

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Real Estate Tools Sellers Buyers 389

Housing Wire

APRIL 12, 2024

Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.” Vonder Haar spoke to HousingWire about the strategies that set her apart in the competitive residential lending market.

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Loan Officers Lending Real Estate Marketing 264

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 million in adjusted profit in the second quarter of 2023.

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Lending Valuation Business Technology 291

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. Sadly, those hypotheticals are still a reality for some , even as we approach 2024. Back to Bob’s American dream. How quickly he would have been thrust into an American nightmare.

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Real Estate Agent Real Estate Agents Lending 407

Housing Wire

JULY 31, 2023

mortgage lender, has long described itself as a “one-stop mortgage shop.” But it has built its reputation on its expertise in mortgage. So what exactly is a “one-stop mortgage shop?” “We Smith, senior executive vice president and president of mortgage at Flagstar. Flagstar Bank , a top-25 U.S.

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