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. Presented by: Altisource.

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Insurance Lending Real Estate Agent Valuation 376

Housing Wire

APRIL 2, 2021

White label title insurance franchise Proliant Settlement Systems announced Friday the acquisition of Great Northern Title Insurance Agency (GNTIA) in Michigan as a franchisee. ” This was appealing to GNTIA owner Neville Nofar, who also counts Great Northern Tax and Great Northern Insurance Agency as part of his portfolio.

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Insurance Agents Training Valuation 254

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. In a statement, Figure said the $100 million loan facility represents another push toward growth in mortgage lending. Presented by: Altisource. Mike Cagney, SoFi.

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Lending Technology Finance Insurance 253

Housing Wire

NOVEMBER 17, 2021

Written by an independent third-party auditing firm, the study produces a net present value of the total FHA forward and reverse mortgage portfolios. Just look at HUD’s own data on FHA lending: 1. The post Opinion: FHA should lower Mortgage Insurance Premium appeared first on HousingWire. What is the capital reserve ratio?

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Insurance Mortgage Bracketing Government 390

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. In a presentation last year, the bank said it “had aggressive rates, higher risk, and lower risk-adjusted rates of return than other asset classes.” billion in loans. billion in loans.

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Housing Wire

DECEMBER 1, 2022

Real-time data from Polly’s cloud-native Product and Pricing Engine (PPE) will feed into Mortgage Coach Total Cost Analysis (TCA) presentations through this integration, providing home loan comparisons for borrowers. Sales Boomerang and Mortgage Coach laid off at least 20 employees last month amid significant mortgage market challenges.

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Mortgage Technology Investing Design 382

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

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Mortgage Project Management Insurance Loan Officers 386

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

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Mortgage Lending Technology Insurance 378

Housing Wire

OCTOBER 28, 2022

Speakers: Carrie Gusmus, President, CEO, Aslan Home Lending AJ Barkley, head of Neighborhood and Community, Lending Bank of America Charmaine Brown, Vice President of Diversity, Equity, and Inclusion, Finance of America Companies Courtney Graham, Chief Marketing Officer and Chief People Officer, Princeton Mortgage.

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Lending Development Finance Technology 375

Housing Wire

DECEMBER 1, 2021

As the housing market changes, so does lending fraud. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection. Presented by: First American Data & Analytics. In early 2017, after Spirit and Citizens stopped funding his company’s mortgages, McCord sought a new warehouse lender.

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Mortgage Insurance Lending Government 529

Housing Wire

JANUARY 2, 2024

” “Unfortunately, at the present time, RealFi does not have the funds to pay the monies owed to its employees,” Mosiello wrote. However, two former employees said the company communicated it’s shutting down its mortgage lending business. It wasn’t immediately clear what restructuring Mosiello was referring to.

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Loan Officers Lending Mortgage Insurance 410

Housing Wire

SEPTEMBER 8, 2022

Presented by: FormFree. The following month, Xactus acquired MassiveCert , a software firm that provides flood zone determinations for insurance, lending and real estate, to add flood services to its verification solutions.

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Lending Insurance Mortgage Real Estate 376

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

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Business Finance Buyers Lending 412

Housing Wire

MARCH 9, 2022

banks, lenders, credit unions, insurers and securities firms. What are the building blocks of digital lending? Presented by: Wolters Kluwer. In late 2020, Wolters Kluwer GRC acquired cloud-based digital lending software firm eOriginal for about $280 million. The deal is expected to close in the second quarter of 2022.

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Lending Government Law Insurance 327

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). Presented by: Freddie Mac. The changes can be implemented immediately but must be implemented for loans closed on and after May 9, 2022, the FHA said. “Our

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Finance Valuation Insurance Lending 442

Housing Wire

AUGUST 17, 2022

The groups have been aligned on calling on the Federal Housing Administration to lower its mortgage insurance premiums. Presented by: William Mills Agency. Representation of smaller mortgage lenders is particularly important as depositories ramp down their mortgage lending, Olson said. Steve Preston.

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Mortgage Lending Insurance Government 356

Housing Wire

JANUARY 3, 2022

Here’s a look at a lending technology that can help forge a pathway for underserved populations to build generational wealth through homeownership. Presented by: Equifax. For those in marginalized communities, it can be much more challenging to achieve the American dream of homeownership.

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Property Taxes Lending Housing Market Insurance 532

Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s As expected, the firm’s title insurance segment did not have the greatest quarter. Presented by: Acra Lending.

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Insurance Investors Housing Market Law 362

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Presented by: ServiceLink. Up until now, Xactus obtained data from third parties.

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Insurance Clients Modernization Technology 318

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. Presented by: FormFree. Attorney General Merrick Garland said in a statement. Perhaps not coincidentally, Lakeland this week agreed to a $1.3

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Law Loan Officers Lending Advertising 385

Housing Wire

OCTOBER 24, 2023

The Office of the Comptroller of the Currency , the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act (CRA), which addresses systemic inequalities in access to credit. Barrs, Fed vice chair for supervision, said in a statement.

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Retail Law Modernization Lending 329

Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud. Presented by: First American Data & Analytics.

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Lending Housing Market Retail Mortgage 450

Housing Wire

SEPTEMBER 8, 2021

Instead, the agency is proposing to replace the federal anti-redlining rule with rules adopted jointly by the OCC, Federal Deposit Insurance Corporation , and the Board of Governors of the Federal Reserve System in 1995. The agency is soliciting public commentary, due by Oct.

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Modernization Insurance Lending Development 349

Housing Wire

OCTOBER 25, 2021

. “Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. Presented by: Angel Oak Mortgage Solutions. .

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Law Lending Insurance Mortgage 420

Appraisal Buzz

JULY 12, 2021

WFG Executive Chairman Patrick Stone and Economist Dr. Bill Conerly discuss the state of real estate, mortgage lending, title insurance and the economy in the latest quarterly presentation. The post WFG Announces Latest in Webinar Series appeared first on theMReport.com.

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Insurance Lending Real Estate Appraisal 195

Housing Wire

MAY 23, 2022

Hogle has more than 20 years of experience, including about 15 years with Supreme Lending. Presented by: Evocalize. HUD so far has resisted lowering the up-front and life-of-loan fees, saying it has “no near-term plans” to change FHA’s mortgage insurance premium pricing.

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Mortgage Retail Insurance Development 368

Housing Wire

SEPTEMBER 22, 2021

Marcia Fudge, who headlined the event, gave a short presentation to stress the Biden administration’s continued focus on addressing bias in appraisals. “If Department of Housing and Urban Development Sec.

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Appraisal Insurance Lending Development 266

Housing Wire

DECEMBER 21, 2023

I’m here to debunk the myths and explain why every veteran and qualifying service member should embrace this well-deserved benefit and capitalize on the opportunities it presents. The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower.

Mortgage 430

Mortgage Renovations Appraisal Process Finance 430

Housing Wire

SEPTEMBER 30, 2021

Tack on the challenges presented by not being able to connect in person, and it’s clear that servicers are navigating a unique set of obstacles. Our solution prioritizes the borrower experience and promotes a “self-cure” to insurance resolution with a multi-channel campaign that includes both digital and print touchpoints with consumers.

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Insurance Lending Modernization Clients 285

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. The inability to build equity presents a major barrier to significantly growing the housing sector and the nation’s economy. Committing non-bank lending institutions.

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Insurance Construction Government Lending 375

Housing Wire

JUNE 28, 2023

“Requiring the SCIF can inform a lender or mortgage servicer ’s provision of services in languages other than English and in accordance with a borrower’s understanding of the homebuying and mortgage lending processes,” the FHA said in an announcement.

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Finance Law Mortgage Insurance 324

Housing Wire

MARCH 16, 2022

No mortgage insurance will be required. Presented by: Angel Oak. We are going to see an increase in some of the non-QM lending. According to UWM, only self-employed borrowers will be able to send bank statements to qualify for a loan, instead of income documents or tax transcripts.

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Lending Insurance Government Mortgage 382

Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

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Mortgage Insurance Business Lending 301

Housing Wire

MAY 26, 2021

Presented by: MCT. AmeriHome purchased approximately $65 billion in conventional conforming and government-insured originations in 2020. Texas Capital’s correspondent lending business originated approximately $2.4 Western Alliance Bank agreed to buy AmeriHome for $1 billion earlier this year.

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Lending Mortgage Insurance Government 391

Housing Wire

AUGUST 16, 2023

HousingWire: 2023 has been rough for mortgage lending with mortgage applications down around 60%, what is CreditXpert seeing from a demand side when it comes to credit inquiries? Higher credit scores are the key to lower interest rates, lower monthly payments and lower private mortgage insurance premiums.

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Inventory Lending Mortgage Insurance 330

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Insurance Modernization Lending Mortgage 348

Housing Wire

MAY 17, 2022

For originators, servicers, title and settlement firms, the cost and volume of mortgage-related fraud has been high, costing depository originators, or mortgage lending companies, the most. Presented by: FundingShield. The firm hasn’t had any insurance claims so far, according to CerifID. Every $1 of fraud costs them $5.34

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Real Estate Insurance Retail Mortgage 366