Housing Wire

MARCH 12, 2024

Lenders can choose to integrate and configure many third-party services such as verification of asset, verification of employment/ verification of income , e-signing and e-closing. Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted.

Technology 413

Technology Retail Lending Design 413

Housing Wire

FEBRUARY 20, 2024

HousingWire: What should lenders consider in 2024 for collateral risk? I think that we are going to see more lenders continue to introduce more appropriate collateral evaluations relative to the credit risk. Lenders should be careful with trying to enforce appraisal quality after they get a report back.

Modernization 425

Modernization Tools Appraisal Technology 425

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 437

Investors Housing Market Finance Construction 437

Housing Wire

JANUARY 25, 2024

Connecticut’s Banking Department provided LoanSnap an opportunity to show compliance for the retention of its mortgage lender license in Connecticut before issuing the order but received a written response from the lender denying the allegations asserted in the compliance letter.

Loan Officers 403

Loan Officers Mortgage Finance Lending 403

Housing Wire

NOVEMBER 8, 2023

The partnership enables lenders to access Polly’s products directly from the MeridianLink environment. The partnership allows lenders using MeridianLink Consumer LOS to leverage Blend’s unified platform and consumer banking origination software.

Loan Officers 400

Loan Officers Technology Lending Mortgage 400

Housing Wire

DECEMBER 26, 2023

lenders, “The horrible period was the last half of 2022 and Q1 of this year. ” The originations challenge: Addressing overcapacity Reducing capacity may still be a feature of the mortgage lender playbook in 2024, but in a more nuanced approach, analysts said. In Q2 and Q3, they’re okay. Q4 will be down.

Mortgage 505

Mortgage Inventory Marketing Finance 505

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

Retail 417

Retail Legal Lending Business 417

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. Loan discounts — known as pricing exceptions — is when a lender makes exceptions to its established credit standards.

Mortgage 437

Mortgage Lending Law Loan Officers 437

Housing Wire

JANUARY 26, 2024

The past three years in the mortgage industry were cutthroat, with origination volume shrinking, and while things are looking better for 2024 , lenders are still in a position where they must make bold moves to stem losses on the production side of the business, according to a report from Stratmor Group , a mortgage advisory firm.

Mortgage 461

Mortgage Contracts Business 461

Housing Wire

NOVEMBER 9, 2023

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. But how are the non-QM lenders faring? That consolidation is a tailwind for Acra and other non-QM lenders, as some of the agency lenders that got into non-QM recently are leaving the space now.

Lending 410

Lending Investors Business Mortgage 410

Housing Wire

FEBRUARY 27, 2023

Mortgage lender CRM and marketing automation solutions provider Insellerate has launched a new third party origination (TPO) solution for wholesale lenders, the company announced on Monday during ICE Experience. The new product is fully integrated into loan origination systems, like ICE Technology’s Encompass and MeridianLink.

Loan Officers 383

Loan Officers Retail Inventory Lending 383

Housing Wire

NOVEMBER 8, 2023

California lender Guild M o rtgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory. Purchase volume consisted of 94% of closed production volume in Q3 despite Mortgage Bankers Association ’s (MBA’s) industry average of 82%, according to the lender.

Retail 417

Retail Inventory Mortgage Valuation 417

Housing Wire

MARCH 8, 2024

The Desjardins Group , a Quebec-based lender, is no longer issuing mortgages in high-risk flood areas, multiple media outlets reported this week. That is stoking concerns that similar measures could be taken in other places, including the U.S. According to the Insurance Bureau of Canada , roughly 1.5

Insurance 439

Insurance Mortgage Housing Market Buyers 439

Appraisal Buzz

MARCH 25, 2024

Mortgage point-of-sale (POS) solutions provider Floify has launched Lender Edition , a flexible per-loan pricing option for mortgage lenders. The post Floify Introduces Per-Loan Pricing Option for Mortgage Lenders appeared first on MortgageOrb.

Mortgage 195

Mortgage Design Lending Appraisal 195

Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. The Arizona-based lender relaunched its forward mortgage origination business in June after ceasing it in December 2022 against the backdrop of rising interest rates. The lender also maintained its servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans.

Mortgage 370

Mortgage Retail Business Lending 370

Housing Wire

JANUARY 8, 2024

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. As a major lender, what role do you see Change playing in making housing more affordable and more accessible to more people, especially in underserved communities?

Lending 416

Lending Development Investors Finance 416

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. “Our partnership will enable clients to seamlessly analyze their market position and support effective margin decisions without leaving their pricing engine.

Technology 376

Technology Insurance Mortgage Lending 376

Housing Wire

OCTOBER 13, 2023

“Given the current environment, a lot of lenders out there are looking to save money. A lot of the technologies in the tech stack that mortgage companies are pretty embedded with have high switching costs, and they have little to no flexibility with other technologies to give an integrated stack that’s best for the particular lender.

Technology 406

Technology Business Contracts Mortgage 406

Housing Wire

MAY 23, 2023

Mortgage tech company Blend has launched a soft credit inquiry function for lenders at a time when the industry is facing higher credit report fees. With Blend’s soft credit functionality, lenders can expect to save about $50 per file for borrowers at this high-attrition stage of the process,” the company said Tuesday.

Finance 383

Finance Mortgage Technology 383

Housing Wire

JULY 5, 2023

Now-defunct lender Homepoint is suing seven correspondent mortgage lenders, claiming they breached an agreement by either failing to cure the loan defects or repurchase the loan as required under the terms of the correspondent agreement. The lenders, excluding Trans United, are accused of failing to repurchase the six-figure loans.

Lending 370

Lending Mortgage Investors Finance 370

Housing Wire

OCTOBER 11, 2022

The first Walmart -based in-store branch from retail mortgage cooperative Lenders One opened this week in Newton, New Jersey. Family First Funding , a Toms River, New Jersey-based retail lender, opened a branch in the Walmart in Newton on Monday, Lenders One said in a statement. Family First, which has done about $1.9

Retail 383

Retail Mortgage Lending Real Estate 383

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. About 22% of surveyed lenders responded they started deploying AI or ML on a limited or trial basis, a jump from only 13% in 2018.

Technology 405

Technology Lending Valuation Mortgage 405

Housing Wire

NOVEMBER 1, 2023

In our pipeline of deals underway, the vast majority involve [lenders with] $500 million to $5 billion in annual originations, and it’s as big of a pipeline as we’ve ever had,” Ludden said. There are roughly 1,000 lenders [IMBs], and our expectation is that probably 70% of them are sub-$500 million [in annual origination volume].

Mortgage 437

Mortgage Loan Officers Finance Buyers 437

Housing Wire

JANUARY 10, 2024

HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant.

Mortgage 417

Mortgage Advertising Marketing Home Value 417

Housing Wire

AUGUST 4, 2022

Fannie Mae will now buy mortgage loans with lender-funded grants, including down payment assistance, closing costs or financial reserves. The change could give nonbank lenders a way to guard against redlining accusations. ” Lender special purpose credit programs — tailored to benefit underserved groups — would fit the bill.

Law 492

Law Mortgage Government Finance 492

Housing Wire

MAY 21, 2023

Lender Price , a leading provider of mortgage loan product and pricing technology, has launched Base Price Solution (BPS), a new pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies. By automating the process, pricing updates save time and reduce the risk of manual errors. ”

Tools 381

Tools Design Technology Marketing 381

Housing Wire

DECEMBER 12, 2022

The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators.

Marketing 395

Marketing Lending Retail Clients 395

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. Founded in 2019, the Virginia-based lender saw a 2,230% three-year growth rate.

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Appraisal Buzz

APRIL 10, 2024

Floify , a point of sale solution for mortgage lenders, now pre-populates loan applications for borrowers using data on file in Total Expert. The enhanced integration enables lenders to support a lending experience that reflects the acquired knowledge of a nurtured relationship, Floify says in a release.

Modernization 195

Modernization Lending Technology Design 195

Housing Wire

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. That savings can be passed on to borrowers.”

Mortgage 351

Mortgage Modernization Appraisal Process Loan Conditions 351

Housing Wire

FEBRUARY 28, 2023

HousingWire: Like most industries, the mortgage industry has historically had key, dominant players that lenders must work with in order to remain operational. That said, my concern lies first and foremost with the lender. HW: How has this technology gridlock hurt lenders? Our industry moves fast.

Mortgage 363

Mortgage Architecture Technology Modernization 363

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 469

Mortgage Real Estate Agent Renovations Finance 469

Housing Wire

JUNE 5, 2023

Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. These folks are entrepreneurs who work as independent mortgage advisors and help match borrowers to the best lender for their financial situation. In 2020 and 2021 when refinances were booming, we saw every lender thriving.

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

JANUARY 26, 2024

Most other top 10 lenders recorded 10 complaints or fewer, including Longbridge Financial , Mutual of Omaha Mortgage and Fairway Independent Mortgage Corp. Finance of America Companies (FOA) received 26 complaints, while American Advisors Group (AAG) — which was acquired by FOA last year — received 17 complaints.

Mortgage 432

Mortgage Finance Investing Business 432

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. Its other products include QuickQual , which is used by lenders in 42 states.

Architecture 357

Architecture Design Mortgage Investing 357

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. One mid-sized lender echoed the opinion of others that appraisals still take too long.

Modernization 481

Modernization Appraisal Lending Investing 481

Housing Wire

APRIL 24, 2023

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers.

Appraisal 406

Appraisal Valuation Legal Mortgage 406