Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment.

Technology 348

Technology Contracts Insurance Government 348

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The new API integration will feed real-time data from Polly’s cloud-based PPE into Mortgage Coach’s total cost analysis (TCA) presentation.

Mortgage 379

Mortgage Project Management Insurance Loan Officers 379

Housing Wire

NOVEMBER 30, 2023

Fidelity initially notified the public two days after the attack, revealing the firm experienced disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries.

Insurance 394

Insurance Government Real Estate Clients 394

Housing Wire

NOVEMBER 1, 2021

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud.

Mortgage 369

Mortgage Loan Officers Lending Technology 369

Housing Wire

DECEMBER 27, 2023

The nation’s second largest title insurer , First American , as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. The First American Financial umbrella includes First American Title Insurance and First American Title Guaranty , as well as nearly two dozen subsidiaries.

Sellers 488

Sellers Insurance Valuation Clients 488

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

Insurance 368

Insurance Bracketing HOA Law 368

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million.

Modernization 323

Modernization Mortgage Lending Investors 323

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

Mortgage 335

Mortgage Loan Officers Insurance Business 335

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 394

Mortgage Insurance Tools Business 394

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 323

Real Estate Lending Technology Investing 323

Housing Wire

JUNE 21, 2021

The Securities and Exchange Commission announced last week a cybersecurity violation by title insurance giant First American Financial Corp. What should lenders look for when choosing mortgage technology? First American is the second-largest mortgage title and settlement company in the U.S., Presented by: SimpleNexus.

Insurance 400

Insurance Technology Investors Mortgage 400

Housing Wire

AUGUST 26, 2022

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. The post Polly extends API portfolio as lenders look to streamline appeared first on HousingWire.

Insurance 351

Insurance Technology Contracts Mortgage 351

Housing Wire

AUGUST 8, 2023

Mortgage tech firm Lender Toolkit sued two mortgage lenders claiming that the companies failed to make payments while continuing to use its services and software solutions. Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. That’s according to separate filings made in the U.S.

Mortgage 270

Mortgage Contracts Legal Business 270

Housing Wire

JULY 19, 2021

The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. It also lost $81 million on revenue of $51 million in 2019, according to its S-1 filing. He also said the money the IPO raised will go toward investing in technology.

Insurance 381

Insurance Investors Technology Real Estate Agent 381

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. million and $96.0

Technology 374

Technology Mortgage Valuation Insurance 374

Housing Wire

APRIL 1, 2024

“Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In And with rising home prices and the growing burden of traditional mortgage debt, homeowners are looking to tap into their home equity without taking on additional debt.”

Finance 382

Finance Investing Real Estate Agent Real Estate 382

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 482

Mortgage Government Retail Lending 482

Housing Wire

JUNE 1, 2022

According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. The ALTA Registry is a unique real estate utility created specifically for the mortgage industry and service providers.

Insurance 376

Insurance Real Estate Agents Technology 376

Housing Wire

OCTOBER 25, 2022

Recession is coming, according to the Mortgage Bankers Association. . The economic dislocation will bring mortgage originations down to $2.05 “The slowdown in housing activity and higher mortgage rates will quickly cut the rate of home-price growth. “Mortgage insurers are forecasting between $1.3

Mortgage 309

Mortgage Contracts Insurance Business 309

Housing Wire

APRIL 19, 2021

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. The company has brought on more than $80 million in investment properties since its launch in 2019.

Landlords 376

Landlords Investing Tenants Construction 376

Housing Wire

FEBRUARY 19, 2021

Title insurance upstart States Title announced this week $150 million in debt financing from HSCM Bermuda , which will go towards developing a more modern home closing experience. which helped fund the 2019 acquisition of North American Title Co. NATC) and North American Title Insurance Co.

Finance 229

Finance Insurance Technology Modernization 229

Housing Wire

AUGUST 8, 2022

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal.

Human Resources 331

Human Resources Legal Finance Insurance 331

Housing Wire

MAY 24, 2022

Indecomm Global Services , a New Jersey-based mortgage automation and services provider, aims to court more lenders through its new automation-enabled origination solution, GeniusWorks, which is intended to cut the cost of middle-office origination functions: set-up, processing and underwriting.

Mortgage 333

Mortgage Insurance Technology Development 333

Housing Wire

NOVEMBER 10, 2020

Thanks to unprecedented market conditions , shifting demographics and historically low interest rates, Rocket posted closing origination volume of $89 billion, up 122% year-over-year, and rate lock volume at nearly $95 billion, an increase of 101% from the third quarter of 2019. It contributed to $3.3 billion in revenue in the third quarter.

Clients 450

Clients Insurance Mortgage Real Estate 450

Housing Wire

JUNE 24, 2021

In a flurry of moves, TitleWave Real Estate Solutions of Jacksonville, Florida has announced a new location in Colorado, two new executive hires, and the launch of its title and search report technology. Enverus said it plans to integrate Integrity Title’s technology into a new online platform called Integrity Title Plants.

Insurance 276

Insurance Technology Real Estate Finance 276

Housing Wire

MARCH 17, 2021

Lovell Minnick Partners , a private equity firm that acquired ATTOM Data Solutions in 2019, announced Wednesday morning that it’s diving further in to the housing space with the acquisition of UniversalCIS. UniversalCIS also moved into the appraisal space in January after it acquired mortgage tech provider Sharper Lending.

Technology 380

Technology Lending Investing Insurance 380

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports. billion.

Housing Market 384

Housing Market Marketing Contracts Finance 384

Housing Wire

MARCH 2, 2021

Title insurance startup Doma – formerly known as States Title – announced today that it will go public through a merger with special purpose acquisition company Capitol Investment Corp. Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes.

Insurance 310

Insurance Real Estate Investing Finance 310

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry.

Valuation 251

Valuation Technology Lending Mortgage 251

Housing Wire

JANUARY 11, 2022

On Tuesday, the smallest of the “Big Four” title insurers announced that it had acquired a majority interest in Houston-based Great American Title Company (GATCO). Despite the advancements in title technology, there are still broad misconceptions across the mortgage industry. Presented by: ServiceLink. This is down from 9.6%

Insurance 353

Insurance Tools Real Estate Technology 353

Housing Wire

MARCH 31, 2021

Rigorous processes and efficient technology have never been more important than they are at this current time of high refinance activity, when lenders are managing record-breaking volumes. They expect to remain in the loop and have ongoing transparency, and the same is true for the mortgage origination process.

Real Estate 368

Real Estate Technology Insurance Clients 368

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. The mortgage industry has been moving in the direction of being more digital. mortgage market by origination volume, according to HMDA data.

Investing 487

Investing Loan Officers Technology Development 487

Housing Wire

NOVEMBER 3, 2021

Building upon technology-driven efficiencies, community values and leveraging expert loan officers and top eXp agents, we aim to create a unique mortgage solution that provides a better homebuying experience,” Sanford said in a written statement. It doubled sales volume from the $36 billion it generated in 2019.

Brokerage 317

Brokerage Lending Realty Agents 317

Housing Wire

DECEMBER 17, 2021

The smallest of the “Big Four” title insurers announced Thursday that it had acquired Michigan-based Devon Title Agency , gaining scale in a hot housing market. at the close of 2019, according to the American Land Title Association , the industry’s primary trade group. There is no slowing down Stewart Title.

Insurance 356

Insurance Real Estate Housing Market Investing 356

Housing Wire

SEPTEMBER 9, 2020

Spurred by the impact of the coronavirus, the partnership closed more than 1,600 RON transactions in the first half of 2020, a more than 200% increase over the 500 RON transactions that they closed in all of 2019, the companies told HousingWire. “We “They’ve done a remarkable job of keeping up with the capacity,” Casey said.

Insurance 331

Insurance Legal Brokerage Agents 331

Housing Wire

APRIL 29, 2021

In fact, a recent report from S&P Global estimates that “non-QM issuance volumes will return to 2019 levels this year, reaching an estimated $25 billion” as agency refinance activity slows down and the purchase market remains strong. billion in total securitizations – only a 33% decrease from its 2019 high.

Lending 326

Lending Investors Insurance Marketing 326

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). There’s just a lot more to a purchase mortgage. More emotion.

Marketing 235

Marketing Realtors HOA Technology 235