Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. billion in volume in 2020. in 2021 to $433 billion.

Renovations 351

Renovations Home Improvement Marketing Finance 351

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 355

Mortgage Retail Lending Loan Officers 355

Housing Wire

SEPTEMBER 18, 2020

As lenders continue to adjust to a new normal, the pivotal role of technology has become increasingly clear in maximizing productivity and keeping lending pipelines flowing. HW: Where would you advise clients and colleagues to focus their technology resources as we navigate the second half of 2020 and prepare for 2021?

Business 406

Business Lending Technology Clients 406

Housing Wire

AUGUST 3, 2021

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. “We have a significant portfolio of clients, roughly 2.5 thus far and counting.

Mortgage 411

Mortgage Clients Lending Technology 411

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 billion in closed loans in the first quarter of 2020, more than double its originations in Q1 2020. billion, a dramatic increase from the $99 million in profit the first quarter of 2020. billion in the first quarter of 2020. Expenses rose to $1.74

Mortgage 418

Mortgage Real Estate Agent Real Estate Clients 418

Housing Wire

MARCH 25, 2021

The capital raise follows a $5 million Series A funding round in June 2020. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. Increasing lending and servicing capacity – regardless of mortgage rates. In 2020, the company says it surpassed $6 billion in monthly loan volume on its platform.

Mortgage 394

Mortgage Lending Technology Loan Officers 394

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest. In 2016 LLR led a $26.5 Jobs are important.

Real Estate 338

Real Estate Brokerage Real Estate Agent Technology 338

Housing Wire

MARCH 31, 2022

By focusing on its clients and their processes, WFG helps compress the time required to close a loan and/or transfer real property ownership. WFG develops solutions in direct response to industry concerns solicited through regular engagement with its Executive Roundtable (ERT) of C-suite lending executives. properties.

Real Estate 344

Real Estate Human Resources Technology Clients 344

Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development.

Mortgage 380

Mortgage Marketing Human Resources Clients 380

Housing Wire

SEPTEMBER 21, 2021

While the rise of digital technology has permanently shifted the world of lending, many borrowers still look for a human-touch experience to help create trust and transparency throughout the lending process. “A HW: Where would you advise clients and colleagues to focus their technology resources as we navigate the second half of 2021?

Technology 279

Technology Lending Clients Insurance 279

Housing Wire

DECEMBER 16, 2021

“Market dynamics in early 2020, which have caused significant disruption to the origination and servicing markets, accelerated our plan to reenter the market with our new business model in a more robust way with a broader relaunch of the Company,” Mark Freedle, Interfirst’s executive vice president of production, told MReport in July 2020.

Mortgage 352

Mortgage Loan Officers Retail Training 352

Housing Wire

JANUARY 27, 2022

Receiving Federal Reserve approval paves the way for us to create a premier Midwestern bank that will provide significant benefits for our clients, team members, communities and shareholders,” said Old National CEO Jim Ryan. alleging that the bank carried out redlining in its mortgage lending practices.

Advertising 371

Advertising Modernization Retail Development 371

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Eric Levin is EVP of Client Development at Model Match.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. This year, our teams have helped our clients keep pace with record volume.

Clients 349

Clients Technology Insurance Loan Officers 349

Housing Wire

MAY 18, 2021

It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve. In 2020, WFG launched an effort to identify and develop solutions for the biggest challenges facing the industry.

Mortgage 205

Mortgage Training Clients Development 205

Housing Wire

MAY 10, 2021

HousingWire sat down with Realtor.com CEO David Doctorow to learn how agents and brokers can alleviate some of the frustrations their clients are facing. If you needed a doctor or a lawyer, you’d expect those professionals to be knowledgeable about the latest developments in treatment options or how changes in the law might affect your case.

Real Estate Agent 419

Real Estate Agent Real Estate Agents Marketing 419

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). There is a reason lenders do not lend money based on analysis prepared by persons who have an interest in the property or the transaction.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JUNE 10, 2021

It was projected in Q4 of 2020 that refinance volume would be cut in half in 2021 and we are definitely seeing the slowdown. These unique individuals know every aspect of non-QM because our main focus is on non-QM lending. We try to do the heavy lifting so our clients can focus on prospecting and closing deals.

Clients 343

Clients Business Mortgage Investors 343

Housing Wire

JUNE 11, 2021

In 2020, the refinance boom caused lenders and brokers to go on hiring sprees, and loan originators were putting in substantial hours. Purchase originations require enhanced communication with clients and typically take longer to reach the finish line. It can be a frustrating experience for the broker and for the client.”.

Appraisal 299

Appraisal Clients Insurance Lending 299

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. Then in the second half of 2020 it reopened, but cautiously. annual increase.

Marketing 340

Marketing Investors Technology Loan Officers 340

Housing Wire

OCTOBER 7, 2020

For our existing clients, the transition was more seamless because the cloud-based nature of ACES Quality Management and Control Software allowed them to access and utilize all aspects of the platform from a remote environment. During the first two quarters of 2020, we saw a 42% increase in internal security assessments.

Technology 384

Technology Clients Architecture Development 384

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. billion in profit in 2020 and $6.1 billion in profit in 2020 and $6.1 Its parent Rocket Companies rode the wave to a stunning $9.4 billion in 2021. billion in 2021.

Loan Officers 359

Loan Officers Retail Real Estate Agent Real Estate 359

Lamacchia Realty

APRIL 8, 2024

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine !

Realtors 71

Realtors Realty Real Estate Agents 71

McKissock

AUGUST 30, 2022

A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients. Educate your appraisal clients. You might be surprised at your client’s response if you take the time to educate him or her.

Appraisal 81

Appraisal Clients Inspection Lending 81

Housing Wire

APRIL 22, 2021

“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. “We were able to build quite a bit in 2020. Thankfully, most banks were still lending.

Buyers 431

Buyers Inventory Renovations Realty 431

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. According to data provider Curinos , home equity originations reached $65 billion in volume last year, relatively flat compared to 2020. ” Just a little less vanilla. ” Tapping that equity.

Mortgage 394

Mortgage Loan Officers Finance Investors 394

Housing Wire

FEBRUARY 11, 2022

With the market shift, LOs whose businesses were mainly driven by refinances in 2020 and 2021, must quickly shift gears and figure out ways to bring in purchase leads. Some LOs are making inroads with potential clients through use of social media, leaning on their multilingual skills and doing old fashioned cold calling.

Marketing 393

Marketing Real Estate Agent Loan Officers Advertising 393

Housing Wire

APRIL 7, 2022

An ALTA Vendor Survey showed that RON transactions increased by 547% from 2019 to 2020. From understanding the importance of RON in the title industry and discovering the potential business benefits to learning how you can start offering RON closings to your clients, here’s the need-to-know info to get started. .

Law 359

Law Technology Insurance Agents 359

Housing Wire

SEPTEMBER 12, 2023

Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. “For my clients, if rates do get into the 5s, we’re going to jump in [to originate refis]. When the market turns, more refi opportunities will emerge for Hoff’s team.

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

DECEMBER 29, 2021

To that end, Berneman’s Nashville-headquartered company recently launched a portal that allows real estate professionals and their clients to keep track of the title process. Two of the biggest developments have been the phenomenal growth of remote online notarization (RON) and document management platforms.

Insurance 325

Insurance Real Estate Technology Business 325

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023. I’ve gone through extensive coaching and professional development,” he said.

Realtors 361

Realtors Technology Insurance Mortgage 361

Housing Wire

JULY 28, 2021

Department of Housing and Urban Development (HUD) when the loan balance reaches 98% of the maximum claim amount (MCA) — has increased, which doesn’t actually remove such loans from the broader penetration equation, he says. So, for both of those reasons, we’re actually seeing penetration go down.”.

Business 295

Business Mortgage Clients Marketing 295

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 369

Insurance Real Estate Technology Loan Officers 369

Housing Wire

FEBRUARY 22, 2021

Combined, ProMerit and WLS will support more than 60 clients, from small lenders originating 40 loans a month for a $500,000 warehouse line, to big companies lenders receiving $15 billion warehouse lines, said Michael Franco, the CEO of SitusAMC. ” How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

Technology 271

Technology Lending Clients Real Estate 271

Housing Wire

JANUARY 12, 2021

This move comes after Cason spent 27 years at Fannie Mae, where he was instrumental in the design, development and launch of a digital suite of products and services, including playing a key role in the creation of Desktop Underwriter. WFG reports its highest volume months ever during Q2 and Q3 of 2020. So why change direction now?

Tools 332

Tools Loan Officers Lending Design 332

Housing Wire

APRIL 4, 2023

When prospective clients operate in highly regulated financial markets, enterprise sales don’t come easy. In the ensuing years, Blend brought on hundreds of clients, including Wells Fargo , First Republic Bank , Mr. Cooper and U.S. Blend co-founder and CEO Nima Ghamsari knows this perhaps better than anyone.

Clients 345

Clients Mortgage Business Technology 345