Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Business 411

Business Investors Finance Home Improvement 411

Housing Wire

DECEMBER 9, 2020

The bank will pay a $200,000 fine for reporting inaccurate HMDA data in 2016 and 2017 — with error rates up to 40% in some cases, according to the CFPB. The settlement also orders Washington Federal to “develop and implement an effective compliance-management system to prevent future violations,” per the CFPB.

Training 370

Training Lending Development Mortgage 370

Housing Wire

AUGUST 30, 2021

The DOJ alleged that between 2013 to 2017, the bank violated the Fair Housing Act and the Equal Credit Opportunity Act “by avoiding predominantly Black and Hispanic neighborhoods [in the Houston, metro area] because of the race, color and national origin of the people living in those neighborhoods.”. Specifically, Cadence will provide $4.17

Lending 393

Lending Loan Officers Advertising Development 393

Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. The complaint, filed in federal court in the U.S. Park National Bank didn’t respond to requests for comment.

Advertising 366

Advertising Lending Modernization Investing 366

Housing Wire

NOVEMBER 2, 2022

As a part of NAMB’s 50th anniversary, the organization also entered into a partnership with Freddie Mac for a professional development program focusing on young leaders in the mortgage industry over the next year. NAMB and Freddie Mac will host events across the U.S. the newly appointed board president of NAMB.

Tools 392

Tools Mortgage Lending Technology 392

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. “More than 20 years ago, Dan Gilbert, our founder and chairman, had a vision of putting the entire mortgage process online to simplify the lending experience and add more transparency.

Lending 382

Lending Mortgage Real Estate Technology 382

Housing Wire

SEPTEMBER 14, 2023

Industry veteran Dan Hanson joined loanDepot in 2011 and, in January 2017, became the company’s chief retail production officer, a job position he held for six years. According to the company, Hanson will be responsible for “developing new revenue-generating opportunities, including national referral relationships and acquisitions.”

Human Resources 392

Human Resources Retail Investing Development 392

Housing Wire

AUGUST 5, 2020

NAMB also developed a code of ethics, which was introduced to other states. The association broke down barriers with Freddie Mac, Fannie Mae and the Department of Housing and Urban Development and began testifying before Congress. They decided it was better to be part of the solution than to have one imposed on them.

Development 370

Development Government Mortgage Lending 370

Housing Wire

OCTOBER 27, 2022

Dave Parker understands the business side of mortgage lending and has brought to market new solutions that cut to the core of what the mortgage industry needs,” Neville said in a statement. Neville joined the company’s board of directors in 2017 as a mortgage industry veteran and was appointed president and COO in 2018.

Technology 368

Technology Mortgage Lending Business 368

Housing Wire

MAY 5, 2022

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

Modernization 370

Modernization Lending Retail Law 370

Housing Wire

JANUARY 18, 2022

About five years ago, Linthicum, Maryland-based NFM Lending was looking for a way to shift from sporadic donations to service members to a dedicated effort that regularly recognized their sacrifice. According to Sher, the families are not the only ones impacted by the salutes but so is the NFM Lending staff. Espinoza was one of 13 U.S.

Mortgage 366

Mortgage Lending Business Development 366

Housing Wire

MAY 2, 2022

Presented by: Acra Lending. The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017. In October 2021, a $175 million investment from principals at the private holding company StoicLane was used to grow operations and refine and develop new technologies.

Human Resources 381

Human Resources Loan Officers Retail Training 381

Housing Wire

AUGUST 21, 2020

Before he joined Home Point Financial, Hilzendeger was at Wells Fargo for 30 years, most recently with Wells Fargo Home Lending , where he led as head of Retail Operations, head of Servicing Operations, senior vice president of Default Services, and senior vice president of Real Estate Servicing. office’s Talent Development operations.

Human Resources 283

Human Resources Advertising Retail Training 283

Housing Wire

MARCH 1, 2022

Prior to her seven-year stint at the Federal Home Loan Bank of Pittsburgh, from 2013 to 2014 Anderson worked as an attorney at Relman, Dane & Colfax PLLC , specializing in fair lending counseling and compliance. Before that, she worked at Ballard Spahr in public finance and housing. It will not be her first time at Fannie Mae.

Human Resources 387

Human Resources Government Finance Mortgage 387

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020.

Mortgage 381

Mortgage Loan Officers Retail Technology 381

Housing Wire

MAY 3, 2022

The new unit focuses on developing mortgage-adjacent lending products and services. Mello’s unit, which shares the name of the software platform loanDepot launched in 2017, operates side-by-side with the company’s mortgage origination and servicing division.

Renovations 393

Renovations Loan Officers Technology Mortgage 393

Housing Wire

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We The lender began servicing some investor loans in 2008, adding non-QM loans in 2015 and expanding to Fannie Mae loan servicing in 2017. It added Freddie Mac loans in 2019 and jumbo loans for JPMorgan Chase the following year.

Mortgage 393

Mortgage Investors Development Investing 393

Housing Wire

MARCH 10, 2022

The California-based lender plans to use mello to boost the development of innovative products and services in a market that has gotten ultra-competitive , with power buyers, real estate brokerage, mortgage lenders and fintechs all vying to create an end-to-end platform. Sidi has the resume for a digital products and services job.

Real Estate 381

Real Estate Business Technology Brokerage 381

Housing Wire

APRIL 5, 2023

loanDepot announced Monday it will promptly increase the size of its board from eight to nine members to accommodate Ozonian, who has been the CEO of the Williston Financial Group since 2017, and his term will last from 2023 to 2026.

Government 350

Government Development Investing Mortgage 350

Housing Wire

NOVEMBER 12, 2021

We attribute OSE’s lack of formal, updated QMP guidance to staffing constraints on the QMP team due to turnover and the Bureau’s hiring freeze from 2017 through 2019,” the report said. The initiative, dubbed the Supervision Technology Initiative, will focus on developing data automation, robotic processing, and machine learning.

Law 358

Law Technology Lending Development 358

Housing Wire

DECEMBER 16, 2021

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. A $175 million investment from private holding company StoicLane in October would be used to grow operations and refine and develop new technologies. 375% below the market.”

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

JULY 20, 2023

In 2017, the Basel Committee issued a second set of revisions to Basel III, called the Basel Endgame, to address the calculation of risk-weighted assets and limit banks’ internal models to estimate risk. . Mills particularly worries about the impacts on the MSR market and warehouse lending. To understand the context, U.S.

Mortgage 367

Mortgage Marketing Lending Finance 367

Housing Wire

AUGUST 14, 2020

But the pace of Fannie Mae and Freddie Mac ’s eventual exit from conservatorship is accelerating, with the development of the capital rule and retention of financial advisors. In 2017, six national associations representing small lenders including CHLA, testified before the Senate Banking Committee. Yet, developments are accelerating.

Mortgage 394

Mortgage Insurance Development Government 394

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire.

Lending 392

Lending Real Estate Agent Loan Officers Retail 392

Housing Wire

JULY 29, 2021

They found that: “of the 19 nonbanks and depositories that funded their originations using both warehouse lines and SIVs in the precrisis period, only two, Nationstar Mortgage and Suntrust , survived until 2017.” Many of these firms experienced bankruptcies and closures similar to that of New Century.”.

Sellers 414

Sellers Mortgage Business Lending 414

Housing Wire

JULY 28, 2021

The number of HECMs in servicing portfolios has been trending downward, basically, ever since the 2017 principal limit factor (PLF) changes. “But, when we really start to drill into it a little bit, we’re seeing both of the numbers involved here move against us. So, for both of those reasons, we’re actually seeing penetration go down.”.

Business 294

Business Mortgage Clients Marketing 294

Lamacchia Realty

APRIL 8, 2024

Anthony joined Lamacchia Realty in 2017 and has impressed everyone with his continuous drive, success and superb customer service. Joselin is a member of the 2017 , 2018 , 2019, 2020 , 2021 , 2022 , and 2023 President’s Club , as well as being a 2020 , 2021 , 2022 , and 2023 President’s Club ELITE member.

Realtors 72

Realtors Realty Real Estate Agents 72

Housing Wire

AUGUST 21, 2023

126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose. Source: Inc.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

NOVEMBER 29, 2022

The events will feature speakers focused on professional development for loan originators to grow their business and what is likely to happen in the next Congress that could impact the mortgage industry in 2023, according to a statement from NAMB. Louis, Missouri. said in a release.

Project Management 370

Project Management Tools Development Lending 370

Housing Wire

JULY 5, 2022

The acquisition of Portland, Oregon-based Riverbend and its subsidiaries, announced originally in late April, is expected to fit in well with Redwood’s existing business-purpose lending platform, CoreVest. Over the last 12 months, Riverbend [founded in 2017] has originated over $1.0 The company employs more than 50 people.

Finance 392

Finance Renovations Real Estate Investors 392

Housing Wire

APRIL 12, 2021

Kristy Fercho , executive vice president and head of Wells Fargo Home Lending, currently serves as vice chair of the board of the MBA, vice chair of the MBA’s Diversity and Inclusion Advisory Committee, co-chair of the Affordable Housing Council, and a member of its Residential Board of Governors. to lobby for the industry and homeowners.

Mortgage 442

Mortgage Business Lending Finance 442

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). This initiative was subsequently reaffirmed in the issuance of VA Circular 26-17-18 in July 2017. Humans, including appraisers, don’t like change.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MARCH 23, 2022

Census Bureau and the Department of Housing and Urban Development. Could you imagine this housing market if we eased lending standards? I would be protesting in front of Congress and speaking at congressional hearings if lending standards were reduced. At the end of 2017, existing home sales went from 5.72 percent (±11.9

Mortgage 482

Mortgage Inventory Housing Market Construction 482

Housing Wire

SEPTEMBER 15, 2021

billion of issuance in 2017 according to publicly available Ginnie Mae data and private sources compiled by New View Advisors. That’s not to say that the industry should toss aside any vigilance and rely solely on a single metric to develop a perspective on overall industry health, however. All told, 2020 saw $10.6

Mortgage 376

Mortgage Advertising Development Home Value 376

Housing Wire

MAY 24, 2022

Think about your lending business model. 2015 2016 2017 2018 2019 2020 2021 Personnel 4,699 4,802 5,347 5,524 5,094 5,272 5,866 Total Cost to Produce 7,046 7,208 8,083 8,278 7,578 7,535 8,565 Compensation % 67% 67% 66% 67% 67% 70% 68%. We are not auditors or coders dispensing products or advice about lending.

Business 390

Business Technology Lending Housing Market 390

Housing Wire

MARCH 29, 2022

And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. But there was a catch.

Lending 370

Lending Government Law Mortgage 370

Housing Wire

JULY 8, 2022

With the change of Federal administrations in 2021, it didn’t take long for the Consumer Financial Protection Bureau (CFPB) to signal that it would prefer to see more LEP services made available, particularly in the mortgage servicing and lending sectors. As far back as 2017, approximately 9% of the U.S.

Law 393

Law Advertising Contracts Government 393