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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

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.

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RESPA enforcement is back — are you ready?

Housing Wire

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. For lenders and brokerages, the risks of LOs or agents overstepping are high.

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Mortgage underwriting challenges in the pandemic

Housing Wire

Real estate agents began transitioning to virtual home tours and online closings, brokers joined the online verification game and even some appraisal companies transitioned to online avenues. For mortgage underwriting, credit scores became more important than ever in 2020 when dealing with lenders.

Mortgage 505
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The digital mortgage platform empowering the rise of community lenders

Housing Wire

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 374
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Guaranteed Rate’s Larry Steinway makes the jump to Revolution Mortgage

Housing Wire

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. Steinway left Guaranteed Rate last month, eight years after he returned to the Illinois retail lender in January 2015.

Mortgage 335
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Homebot home education portal acquires mobile app firm Quo Finance 

Housing Wire

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Homebot was co-founded by Ernie Graham and Ira McMahon in 2015 with a vision to help people make smart financial decisions with their homes.

Finance 303
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Guaranteed Rate deploys Gateless’ Smart Underwrite solution

Housing Wire

Chicago-based technology company Gateless announced this week that Guaranteed Rate , a Chicago-based leading mortgage lender, has implemented its Smart Underwrite solution, a groundbreaking technology that aims to transform the borrower experience.