Housing Wire

AUGUST 30, 2022

Mortgage tech firms FormFree and Docutech are teaming up to make verification of assets (VOA) and verification of income and employment (VOI/E) available in the initial disclosure phase of the mortgage process. . The integration comes amid a mortgage downmarket where origination activity is forecast to drop by 45% to $2.47

Retail 397

Retail Lending Mortgage Clients 397

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

MARCH 11, 2022

As lender concerns about margin compression rise, why aren’t we seeking to better understand our mortgage application fallout rates to increase revenue? For mortgage originators of all sizes, “fallout” is a word that induces headaches and nausea at roughly the same level as terms like “repurchase demand” or “regulatory audit.”

Mortgage 368

Mortgage Technology Lending Investing 368

Appraisal Buzz

APRIL 29, 2024

Then came 2008: I suddenly found myself with a three-year old appraisal firm, a large office building full of furniture and equipment, several employees and trainees, and two young children—as the global economy imploded. The value of a good client was one of the foundational metrics driving our strategy.

Clients 195

Clients Business Appraisal Lending 195

Housing Wire

JUNE 15, 2022

In 2021, more than 90% of borrowers who closed a loan with fintech mortgage lender Neat Loans opted for a 30-year fixed-rate mortgage. The way ARMs work is lenders offer lower mortgage rates for the initial three, five, seven years. The mortgage industry is different from 14 years ago. in 2005, the MBA said.

Mortgage 370

Mortgage Loan Officers Bracketing Investors 370

Housing Wire

JANUARY 18, 2023

The California-based lender plans to increase its client base in the bank and credit union segment where Wells Fargo was most active, Abbie Tidmore, senior managing director and chief revenue officer, at Pennymac told HousingWire. It also plans to increase minority home lending through a special purpose credit program it launched last year.

Clients 431

Clients Investors Lending Mortgage 431

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

MARCH 11, 2021

I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? And let’s frame it in the context of today’s top wholesaler asking LOs to limit the options they have for consumer clients. Who’s the customer in America’s mortgage market: LOs or consumers?

Loan Officers 479

Loan Officers Clients Mortgage Lending 479

Housing Wire

MARCH 9, 2022

Edgemac , which Incenter acquired at the end of last year, does due diligencing for mostly non-QM and jumbo loans, as well as private label reverse mortgages that could eventually be securitized. Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. Learn here!

Property Taxes 357

Property Taxes Clients Mortgage Technology 357

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

APRIL 12, 2021

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In Case Study: How One Lender Increased Efficiency and Client Satisfaction.

Property Taxes 252

Property Taxes Lending Loan Officers Business 252

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. There was so much information to absorb and retain.

Inventory 384

Inventory Loan Officers Clients Mortgage 384

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%.

Realtors 397

Realtors Housing Market Marketing Buyers 397

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. Donna Gibson: QC Ally just returned from the Mortgage Bankers Association Risk Management, QA, Fraud Prevention Forum. These numbers correlate with what we’re monitoring in mortgage fraud.

Marketing 369

Marketing Training Clients Technology 369

Housing Wire

JULY 28, 2021

This is according to John Lunde, president of Reverse Market Insight (RMI) during a presentation at the National Reverse Mortgage Lenders Association (NRMLA) Virtual Summer Meeting this month. Reverse mortgage penetration remains stubbornly low. Nobody wants to see their market share go down,” Lunde says.

Business 295

Business Mortgage Clients Marketing 295

Housing Wire

OCTOBER 26, 2020

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. As low mortgage rates continue to fuel the housing market, lenders are reporting record-breaking purchase and refinance volumes.

Clients 384

Clients Valuation Technology Inspection 384

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? While the FHA loan allows a borrower to put less money down and doesn’t come with LLPAs, that flexibility comes with a high upfront and annual costs in the form of mortgage insurance premiums (MIP).

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. In the run-up to the 2008 market crash, appraisers were overworked and took on more than they reasonably could handle. We analyze and report.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. “I told my client, my friends, ‘Look, I know you’re supposed to close in 10 days but we’re closing Friday and you let everybody know it or you may not close,’” Dodson said. So you stop.”.

Business 432

Business Mortgage Investors Loan Officers 432

Housing Wire

OCTOBER 7, 2022

Even so, Credit Suisse is pursuing a restructuring effort that is expected to result in asset sales that will affect global markets to a degree, including the private-label mortgage securities market in the United States — where the European lender also operates. “Oh residential mortgage-backed securities (RMBS) operations.

Supply Chain 397

Supply Chain Mortgage Investors Business 397

Appraisal Buzz

MARCH 14, 2022

Appraisals for mortgage finance transactions are subject to many levels of scrutiny and review. Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. Once the AMC deems the report satisfactory, it is forwarded to their client, the lender.

Appraisal 397

Appraisal Contracts Marketing Lending 397

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

McKissock

AUGUST 7, 2022

Therefore, the banks approved mortgages to customers without regard for their ability to repay the loan. When people could not make their mortgage payments, the housing bubble burst and thousands of homes were foreclosed, multiple big-name lenders declared bankruptcy, and the market required government bailouts.

Real Estate 91

Real Estate Investing Marketing Buyers 91

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Fannie Mae and Freddie Mac have been under government conservatorship since the beginning of 2008.

Government 370

Government Lending Mortgage Marketing 370

Housing Wire

FEBRUARY 14, 2024

The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. Moody’s also downgraded NYCB subsidiary Flagstar Bank , through which the bank originates residential mortgages.

Mortgage 441

Mortgage Real Estate Insurance Tenants 441

Housing Wire

MARCH 13, 2023

Following the collapse of Silicon Valley Bank last week, the biggest bank failure since Washington Mutual in 2008, two other American banks with significant roles in the housing industry were hit by a deposit run. In the mortgage space, First Republic originated $31.8 California-based First Republic Bank, the 14th-largest U.S.

Mortgage 370

Mortgage Marketing Insurance Real Estate 370

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = They can tell their clients that their data collectors are qualified, as compared with their competitors.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. The modules cover some mortgage-related topics, but there are also topics that pertain to other facets of working at a bank.

Training 384

Training Loan Officers Lending Mortgage 384

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

SEPTEMBER 1, 2021

They will also deliver the report to the lender or other client as well. However, they were not widely used until after the mortgage crisis in 2007 and 2008. Federal lawmakers believe that inflated valuations contributed to the housing crisis in 2008. An Outline of the AMC’s Role in the Mortgage Process.

Appraisal 36

Appraisal Valuation Law Lending 36

Housing Wire

SEPTEMBER 30, 2020

Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. million borrowers, thousands of investors and more than 100 subservicing clients. At the end of Q2, we serviced more than $206 billion in UPB.

Mortgage 370

Mortgage Investors Business Human Resources 370

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Listing Spark

AUGUST 11, 2022

For those that haven’t been a real estate investor before, hard money lending may be confusing. We’ll dive into hard money lending with Romney Navarro, CEO of Streamline Funding which is a Texas-based private lending company. 4:20 – The hard money lending process and the difference between that and conventional financing.

Real Estate 36

Real Estate Investors Lending Investing 36

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 billion volume of the previous year, per the mortgage data platform Modex. And he hasn’t done so voluntarily. billion in 2022, down 41.3%

Insurance 370

Insurance Mortgage Clients Lending 370

Housing Wire

AUGUST 20, 2021

In 2016, Brad Sullivan’s Mortgage Financial Services ruled the roost in housing with a rank of 733. And Nationwide Mortgage Bankers posted an insane average three-year growth rate of 16,396% in 2020. 5000 since HousingWire’s earliest days (check out the HW’s 2008 Inc. 1 asset next to our loyal client base. Top Verticals.

Real Estate 450

Real Estate Realty Brokerage Mortgage 450