Housing Wire

DECEMBER 5, 2023

In a 2019 lawsuit, Black Knight accused Pennymac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) platform. Black Knight filed a complaint against PennyMac in November 2019 for breaching contracts and misappropriating trade secrets. 28, an arbitrator awarded Black Knight $155.2

Contracts 390

Contracts Development Legal Law 390

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Movement Mortgage , First American Financial and FinVC also joined existing investors 8VC , Khosla Ventures and Fifth Wall.

Technology 256

Technology Mortgage Insurance Clients 256

Housing Wire

MARCH 2, 2023

When the entire mortgage industry saw volume drop by more than half in 2022, nearly every lender emerged with battle scars. Non-qualified mortgage (non-QM) wholesale lender A&D Mortgage , however, saw origination volume increase by more than 31% to $3.2 billion in 2022, up from the previous year’s $2.2

Mortgage 394

Mortgage Investors Development Investing 394

Housing Wire

MARCH 18, 2024

The dispute between the companies started in 2019 when Black Knight accused PennyMac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) technology. Since we launched the system in 2019, it has performed extremely well, meaningfully enhancing capabilities while helping to drive down costs.

Legal 351

Legal Contracts Technology Development 351

Housing Wire

JUNE 2, 2022

Movement Mortgage will pay $75,000 to resolve allegations of racial discrimination, in violation of the Fair Housing Act, identified by undercover testers from the National Community Reinvestment Coalition. The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development.

Mortgage 378

Mortgage Training Loan Officers Lending 378

Housing Wire

NOVEMBER 15, 2023

Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect , formerly a subsidiary of mortgage technology company Mortgage Connect LP. Terms of the deal were not disclosed.

Valuation 370

Valuation Technology Clients Modernization 370

Housing Wire

MARCH 24, 2022

The Federal Housing Administration insured thousands of mortgages in 2020 without the mandatory flood insurance coverage. billion, an audit released this week by the Department of Housing and Urban Development Office of Inspector General found. in mortgages without required flood insurance appeared first on HousingWire.

Insurance 371

Insurance Mortgage Government Development 371

Housing Wire

SEPTEMBER 18, 2023

Read on to learn more about Dark Matter Technologies’ plan for mortgage. More recently, we started acquiring businesses in the mortgage tech space. We plan to be in the mortgage tech space forever. Kim : What other mortgage tech companies has Constellation Software acquired? And we plan to continue to acquire there.

Technology 471

Technology Mortgage Clients Business 471

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 520

Mortgage Technology Investors Business 520

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. . billion, did not have the required NFIP coverage. billion, did not have the required NFIP coverage.

Insurance 359

Insurance Mortgage Realtors Design 359

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

Technology 305

Technology Insurance Mortgage Lending 305

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. PACE programs are also not regulated as heavily as other financial services, including mortgage lending. “We have a significant portfolio of clients, roughly 2.5

Mortgage 409

Mortgage Clients Lending Technology 409

Housing Wire

OCTOBER 22, 2020

Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb. The purchase/refi story here is important. Conclusions ?

Mortgage 397

Mortgage Training Contracts Loan Officers 397

Housing Wire

JUNE 2, 2023

Polly , a leading provider of innovative mortgage capital markets technology , recently announced the appointment of industry veteran Cheryl Messner as chief customer officer (CCO). Messner, who has extensive experience and expertise in mortgage fintech , joins Polly as the company experiences significant growth and adoption in the industry.

Technology 297

Technology Clients Development Mortgage 297

Housing Wire

DECEMBER 21, 2023

Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme and made false statements targeting tens of thousands of Hispanic borrowers in Texas. We look forward to telling the true story of Colony Ridge.”

Lending 412

Lending Development Investing Business 412

Housing Wire

OCTOBER 27, 2022

Neville said he is leaving LoanLogics, a data-driven mortgage audit, income calculation and loan quality software provider, in the “capable hands” of Parker. Parker joined LoanLogics as the SVP of product management in 2019 and later became the EVP of product. Parker was named a HousingWire Vanguard Award winner in 2019.

Technology 318

Technology Mortgage Lending Business 318

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 429

Mortgage Investors Tools Technology 429

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 350

Mortgage Loan Officers Retail Training 350

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . A recent report from the Federal Reserve Bank of New York illustrates the explosion of mortgage originations during the past year.

Mortgage 359

Mortgage Business Marketing Government 359

Housing Wire

APRIL 21, 2021

Wisconsin-based Fairway Independent Mortgage Corp. One of Fairway’s electronic signs at the stadium reads “Home.com, by Fairway Independent Mortgage Corporation.” Headquartered in Madison, Wisconsin, Fairway is a full-service mortgage lender with more than 400 branches nationwide. The company funded $65.8

Mortgage 287

Mortgage Brokerage Contracts Development 287

Housing Wire

FEBRUARY 10, 2022

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

Development 346

Development Modernization Technology Mortgage 346

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.

Lending 425

Lending Mortgage Sellers Technology 425

Housing Wire

OCTOBER 6, 2021

Fannie Mae announced Wednesday that, starting in 2022, it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages. In 2019, Fannie Mae began waiving the $75 fee for Framework’s course. A Framework spokesperson said more than 1.2 million homebuyers have used its educational program. “We

Finance 479

Finance Mortgage Development 479

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I

Technology 305

Technology Development Sellers Mortgage 305

Housing Wire

JULY 12, 2023

Throughout his career, Call has held similar positions at Mortgage Cadence , Source Point Mortgage Solutions , and Argent Mortgage. Founded in 2019, BlackFin Group is a management consulting firm specializing in strategic guidance, operational expertise, and innovative solutions for the banking and mortgage industries.

Technology 297

Technology Training Clients Development 297

Housing Wire

APRIL 20, 2021

In the past year, among the many challenges and difficulties brought on by the COVID-19 pandemic, the real estate and mortgage industries enjoyed a wave of success with low interest rates, refinance opportunities and etc. But if you’ve gotten this far I want to ask this question: how good is your real estate or mortgage CRM software?

Real Estate 410

Real Estate Mortgage Loan Officers Advertising 410

Housing Wire

AUGUST 28, 2020

In the seven years that Gesell has been at Gateway First Bank, he has been a part of the executive management team responsible for the growth of Gateway, playing a key role in the in the formation of the bank in 2019, which was born out of the merger of a 100-year-old community bank with Gateway Mortgage Group.

Mortgage 237

Mortgage Technology Training Development 237

Housing Wire

NOVEMBER 17, 2022

This debate comes at a time when mortgage rates have doubled since the beginning of the year, from around 3.5% to around 7%, giving new urgency to the need to keep mortgage fees down on all federal agency mortgage programs — not just FHA but also VA , Fannie Mae and Freddie Mac. 1 way most regular Americans build wealth.

Mortgage 263

Mortgage Finance Design Insurance 263

Housing Wire

SEPTEMBER 29, 2021

When Brad Lawson and Fernando Escaffi founded Charlotte-based PrimeLine Capital in January 2019, they wanted their operation to be all about having fun. We get our fulfillment not from the numbers but from watching our people develop and grow,” said Lawson. The last thing we want to be seen as is a stuffy broker.”.

Mortgage 345

Mortgage Tools Clients Technology 345

Housing Wire

JUNE 24, 2022

million to resolve allegations that it fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA). Department of Housing and Urban Development (HUD), and the U.S. Brea, California-based direct lender American Financial Network will pay about $1.04 Attorney’s office.

Insurance 329

Insurance Mortgage Government Lending 329

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 364

Mortgage Loan Officers Lending Business 364

Housing Wire

JUNE 28, 2023

Founded in 2013 by Brew Johnson, Brett Crosby and Alex Perelman, Peer Street developed a marketplace connecting lenders and borrowers seeking capital to investors looking for real estate-related debt. Peer Street, which has a subsidiary mortgage lender and servicer, has originated only $5.4 million in its mortgage business.

Investors 413

Investors Real Estate Mortgage Investing 413

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Marketing 458

Marketing Mortgage Supply Chain Inventory 458

Housing Wire

APRIL 21, 2022

Mortgage originator and servicer Mr. Cooper Group announced on Thursday that it is promoting two of its own into executive vice president roles. Meanwhile, Ethan Elzen will be the executive vice president of business development and operational finance. . billion in mortgages in the fourth quarter, a 13.9%

Finance 380

Finance Development Mortgage Business 380

Housing Wire

SEPTEMBER 11, 2020

In 2019, Tyrrell became chief operating officer and was awarded membership within the Forbes Business Development Council the same year. ICE also acquired Simplifile in 2019.

Mortgage 464

Mortgage Development Business 464

Housing Wire

NOVEMBER 16, 2021

North Carolina-based fintech firm nCino has reached a deal to acquire mortgage tech vendor SimpleNexus for $1.2 nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market.

Technology 378

Technology Development Mortgage Business 378

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.” This is a breaking news story. Check back for more updates.

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Lending Retail Real Estate Agent Brokerage 538