Housing Wire

NOVEMBER 11, 2020

After a dramatic false start in 2015, California-based lender loanDepot says it’s finally going public. LoanDepot , backed by private equity shop Parthenon Capital Partners, first announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.”

Retail 432

Retail Technology Market Value Valuation 432

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 384

Technology Real Estate Agent Loan Officers Lending 384

Housing Wire

OCTOBER 20, 2020

From the beginning, co-founder and CEO John Paasonen has been clear about digital mortgage platform Maxwell’s mission: to make mortgages simpler and more accessible. Maxwell has grown steadily since 2015, today serving as a technology partner to over 200 community lenders across the country.

Mortgage 421

Mortgage Real Estate Agent Technology Real Estate 421

Housing Wire

MAY 12, 2021

Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. “Rocket Mortgage has grown to be the industry leader and the measuring stick for all other lenders. It became the country’s largest mortgage lender in 2017.

Lending 384

Lending Mortgage Real Estate Technology 384

Housing Wire

MAY 17, 2022

Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, LLC , a provider of quality control audit mortgage software and fraud prevention services. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

Logistics 370

Logistics Legal Investors Technology 370

Housing Wire

MARCH 22, 2022

Digital mortgage platform Maxwell has brought on Amy Brandt to its board of directors to gain perspective on the challenges that lenders face and the gaps in the mortgage digitalization process. The executive also serves as chairman of the board of SunToWater Technologies LLC and as a board member at InhabitIQ.

Technology 370

Technology Lending Mortgage Government 370

Housing Wire

SEPTEMBER 11, 2020

Mortgage platform SimpleNexus has tapped Cathleen Schreiner Gates to become its next company president. Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. billion purchase by private-equity firm Thoma Bravo.

Lending 351

Lending Valuation Technology Clients 351

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. Cooper’s original name prior to rebranding) in 2015. Streamline by combining services.

Insurance 397

Insurance Lending Real Estate Agent Valuation 397

Housing Wire

FEBRUARY 8, 2021

The multi-channel mortgage lender hopes to raise $300 million by pricing its shares between $19 and $21. The momentum for non-bank lending is here to stay. Strategies lenders should adopt from direct to consumer lending. billion valuation later this week. If all goes according to plan, loanDepot would command a valuation of $6.2

Valuation 458

Valuation Retail Lending Real Estate Agent 458

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

FEBRUARY 26, 2021

Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage. Patterson has led Homepoint’s third-party originations business since 2015.

Design 285

Design Retail Technology Lending 285

Housing Wire

OCTOBER 14, 2020

San Francisco-based StreamLoan has forged a partnership with insurance giant Progressive enabling home buyers and homeowners who use StreamLoan’s digital mortgage platform to obtain quotes for homeowners’ insurance. Founded in 2015, StreamLoan licenses its software to mortgage lenders, fintech companies and mortgage brokers.

Insurance 420

Insurance Technology Lending Real Estate Agent 420

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 421

Loan Officers Clients Mortgage Construction 421

Housing Wire

FEBRUARY 25, 2022

United Wholesale Mortgage (UWM) just sued two more broker shops that allegedly violated its controversial “ultimatum” by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage. However, the lender said it was necessary to protect the long-term viability of the wholesale mortgage channel.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. Our previous best year for HELOCs was 2015, and that was about $320 million,” he added. rebranded as Rithm Capital ).

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

DECEMBER 7, 2023

They’ve been focused on mortgage payoffs, although they’re getting more sophisticated on mortgage payoff payment diversion. One of the advancements this year has been the adoption of new technology platforms like chatGPT, using AI to mimic somebody’s voice to spoof phone numbers. TC: Seller impersonation fraud.

Real Estate 450

Real Estate Sellers Technology Real Estate Agent 450

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

Appraisal Buzz

JUNE 7, 2021

I provide services to appraisers, banks, technology firms, education providers, appraisal management companies, and attorneys. For appraiser clients, we commonly focus on proactive practices, methods and support, investigations, use of assistants, workflow efficiency, and technology. Buzz : Can we have your background in the industry?

Training 366

Training Reconsideration of Value Valuation Clients 366

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. 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

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth.

Mortgage 384

Mortgage Technology Loan Officers Investing 384

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. million consent order with Trident Mortgage Co., Attorney General Merrick Garland said in a statement.

Law 410

Law Loan Officers Lending Advertising 410

Housing Wire

MAY 1, 2023

Maxwell , the mortgage fintech backed by Wells Fargo and Fin Capital, has launched Maxwell Single-Sign On, an SSO (single sign-on) tool for lenders to enhance security and reduce the risk of data breaches, the company announced on Monday.

Tools 397

Tools Loan Officers Mortgage Technology 397

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 384

Lending Mortgage Real Estate Loan Officers 384

Housing Wire

FEBRUARY 22, 2021

SitusAMC , the New York-based real estate services and technology company that’s been on an acquisitions tear over the last year, has another feather in its cap: it has acquired warehouse loan software provider Street Resource Group. ” How lenders will benefit from Black Knight’s acquisition of Optimal Blue. .

Technology 375

Technology Lending Clients Real Estate 375

Housing Wire

APRIL 4, 2023

It wasn’t until 2014 – two years after his cloud banking platform launched – that Movement Mortgage took the leap and digitized its mortgage origination and underwriting process with Blend’s tech stack. That catalyst ended up being Rocket Mortgage ’s “Push button, get mortgage” campaign in 2015.

Clients 370

Clients Mortgage Business Technology 370

Housing Wire

MARCH 29, 2022

Johnson, whose career with Fannie Mae spans for almost two decades, is currently responsible for leading the mortgage giant’s digital transformation , which includes overseeing Fannie Mae’s technology, data, enterprise models and operations. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

Government 370

Government Lending Technology Mortgage 370

Housing Wire

OCTOBER 7, 2020

“The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. Another important landmark in 2015 was the addition of WFG Board Member Steve Ozonian as president and CEO. Building the right team to build the best reputation.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Housing Wire

APRIL 26, 2021

NYCB had essentially exited the residential mortgage banking business in 2017 after selling its origination and servicing platforms. So its acquisition of one of America’s largest single-family mortgage lenders should raise some eyebrows. Flagstar’s mortgage division will also maintain the Flagstar brand.

Retail 384

Retail Landlords Mortgage Lending 384

Housing Wire

MAY 24, 2022

Every business model is defined by mission, process and technology. The two days at Southwest illustrated the connection of mission, process and technology to their business model. Integrated technology speeds the flight and improves safety. Think about your lending business model. Southwest flies the Boeing 737 platform.

Business 397

Business Technology Lending Housing Market 397

Appraisal Today

OCTOBER 14, 2022

Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision. Lenders want fire insurance for all mortgage loans. To read more, click here.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Clear Capital

NOVEMBER 30, 2021

And this comes courtesy of Next Mortgage News, thank you. They are a digital lending platform. The digital mortgage movement is alive and well. So what we’ve done is we’ve essentially built a lot of technology to streamline the entire process. And building, basically, building technology to make it efficient.

Landlords 69

Landlords Real Estate Tenants Investing 69

Patch of Land

OCTOBER 5, 2018

Congress has opportunities to address some of the challenges financial technology firms face in the lending sector. The pace of financial technology innovation in the alternative lending space is nothing short of phenomenal, but it has meant headaches for lenders and vendors waiting for regulation to play catch-up.

Lending 35

Lending Law Technology Investors 35

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Insurance 370

Insurance Modernization Lending Mortgage 370