Housing Wire

JULY 6, 2023

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass. This content was generated using AI and was edited by HousingWire’s editors.

Technology 370

Technology Valuation Mortgage Design 370

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. And as instant online automated approval and closing continues to elude home equity lending, attention has turned to artificial intelligence.

Lending 382

Lending Valuation Mortgage Government 382

Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

Valuation 382

Valuation Inspection Training Appraisal 382

Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections.

Valuation 404

Valuation Appraisal Appraisal Process Inspection 404

Appraisal Buzz

DECEMBER 20, 2021

Rarely do sub-processes of mortgage loan origination have the opportunity to undergo similar stress tests. Without accurate collateral valuation, lenders could not properly underwrite new loans. Mortgage servicing is a good example. Home Equity lending is another case in point. They’ve dealt with that before.

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Valuation Inspection Appraisal Lending 367

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Valuation Market Value Clients Government 433

Housing Wire

MARCH 21, 2022

Tomo , a fintech startup focused on the purchase mortgage sector, announced raising a $40 million Series A led by SVB Capital , according to a press release shared with FinLedger. The fundraise more than doubles Tomo’s valuation to $640 million. million seed round for its Canadian real estate valuation platform.

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Valuation Real Estate Agent Real Estate Investors 382

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S. Data-driven analysis.

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Lending Mortgage Sellers Technology 442

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Black Knight is a proven mortgage industry leader in servicing technology. Secondary Marketing.

Lending 404

Lending Valuation Clients Tools 404

Appraisal Buzz

OCTOBER 18, 2021

In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? Bifurcation with non-appraisers is not an answer, in fact it will allow the bad actors on the lending side and AMC side to push harder.

Modernization 370

Modernization Valuation Appraisal Training 370

Housing Wire

JUNE 7, 2022

From mortgage origination to servicing, companies are constantly grappling with high volume and stringent regulatory oversight while managing a large cohort of vendor partners. Smaller mortgage originators often deal with this problem by throwing more people at it. We’re seeing mortgage executives and workers retiring at record rates.

Lending 377

Lending Mortgage Technology Modernization 377

Housing Wire

MARCH 11, 2021

The Federal Housing Finance Agency (FHFA) announced on Thursday that it has again extended relaxed lending and appraisal standards for both Fannie Mae and Freddie Mac. To that end, the GSEs will accept alternative forms of employment verification, including a recent paystub, to ensure lending can continue. In a statement issued on Feb.

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Lending Appraisal Inspection Property Appraisal 477

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. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS).

Mortgage 370

Mortgage Technology Lending Valuation 370

Housing Wire

JANUARY 15, 2021

JPMorgan Chase , the nation’s largest depository bank, increased mortgage origination volume to $32.5 The Jamie Dimon-led bank increased overall mortgage origination volume primarily through its correspondent channel, according to the earnings report issued this week. billion in mortgages. Presented by: WFG.

Lending 372

Lending Retail Valuation Mortgage 372

Housing Wire

JANUARY 20, 2022

Hosted by Mortgage Capital Trading. Collateral valuation is a critical component of mortgage lending and the home sales process. Phil Rasori COO, Mortgage Capital Trading. The post Staying prepared in a changing mortgage market appeared first on HousingWire. Download Slides.

Mortgage 414

Mortgage Marketing Valuation Lending 414

Housing Wire

AUGUST 3, 2021

The blockchain revolution may soon be coming to mortgage lending. According to Inside Mortgage Finance, Homebridge was the 28th-largest mortgage originator in 2020, originating about $26.4 billion in mortgages. In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2

Mortgage 502

Mortgage Architecture Lending Technology 502

Housing Wire

APRIL 20, 2021

Appraisal-management tech provider AppraisalWorks is now available through the ICE Mortgage Technology Platform , the company announced Tuesday. ICE Mortgage Technology, formerly known as Ellie Mae , is a cloud-based loan origination platform provider for the mortgage industry.

Mortgage 393

Mortgage Valuation Technology Lending 393

Housing Wire

JUNE 30, 2021

The right mortgage services provider is essential to helping wholesale lenders and their brokers thrive in this constantly evolving market. ServiceLink’s unique tech-enabled mortgage services include valuations as well. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Valuation Client Relationships Clients Inspection 209

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. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire.

Mortgage 392

Mortgage Retail Technology Lending 392

Housing Wire

NOVEMBER 1, 2023

Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals. This past March, Accurate Group was one of the vendors previously approved by Fannie Mae to handle the GSE’s new valuation initiative.

Appraisal 414

Appraisal Valuation Clients Real Estate 414

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. Terms of the deal were not disclosed.

Retail 382

Retail Mortgage Loan Officers Technology 382

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

Valuation 382

Valuation Loan Officers Investors Finance 382

Housing Wire

APRIL 26, 2022

Chopra said the CFPB would still be watching mortgage servicers, as it has repeatedly promised, to make sure they are not “cutting corners.” The watchdog agency will also be working with other federal agencies to intervene in policies and regulation that could impact mortgage lenders and residential appraisers.

Appraisal 382

Appraisal Mortgage Valuation Lending 382

Housing Wire

AUGUST 8, 2023

Validate Validate is an innovative, digital, borrower-driven mobile app that provides fast, easy, reliable and objective property valuations for home equity lending.

Valuation 370

Valuation Lending Mortgage 370

Housing Wire

OCTOBER 14, 2021

The average 30-year-fixed mortgage rose seven basis points to 3.05% for the week ending Oct. 14, to its highest level since April, according to Freddie Mac’s latest PMMS survey of mortgage rates. Mortgage rates typically move in tandem with the 10-year U.S. Treasury bonds and mortgage-backed securities.

Mortgage 393

Mortgage Valuation Lending Marketing 393

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

Marketing 424

Marketing Mortgage Investors Sellers 424

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 370

Lending Valuation Business Technology 370

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

Housing Wire

MARCH 8, 2024

Yellen told lawmakers that bank regulators are working to address risks tied to rising vacancy rates and lower valuations for office buildings in major cities. Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector.

Real Estate 464

Real Estate Insurance Lending Retail 464

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. Top recommended AI application ideas included compliance, underwriting and property valuation.

Technology 404

Technology Lending Valuation Mortgage 404

Housing Wire

AUGUST 22, 2023

The Mortgage Bankers Association (MBA) and the Consumer Bankers Association (CBA) sent a letter to regulators on Monday warning of the “unintended consequences” of new quality control standards for automated valuation models (AVMs). ” Another trade group weighed in on the newly proposed rule.

Valuation 370

Valuation Appraisal Government Real Estate 370

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

Mortgage 414

Mortgage Valuation Investors Housing Market 414

Housing Wire

AUGUST 10, 2021

Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. According to the Tuesday press release, Sagent will power Figure’s mortgage servicing to grow out its blockchain development. billion valuation. Not necessarily.

Mortgage 382

Mortgage Technology Investors Development 382

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

Realty 457

Realty Real Estate Technology Lending 457

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 414

Mortgage Loan Officers Lending Human Resources 414

Housing Wire

JANUARY 22, 2021

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. In the third quarter, UWM originated $54 billion worth of mortgages. By 10:45 a.m.

Mortgage 516

Mortgage Technology Investors Business 516

Housing Wire

JULY 14, 2022

JPMorgan Chase leaders Thursday provided a glimpse of what’s to come as mortgage lenders begin sharing performance data for the second quarter – and it’s not pretty. But, so far, the landscape is hurting the mortgage business. JPMorgan Chase, the fifth-biggest mortgage lender in the country, reported its origination volume totaled $21.9

Mortgage 393

Mortgage Retail Valuation Lending 393