Housing Wire

SEPTEMBER 30, 2021

We have deployed components and services that have changed our strategy while still offering boutique solutions to our clients’ growth goals. Our solution prioritizes the borrower experience and promotes a “self-cure” to insurance resolution with a multi-channel campaign that includes both digital and print touchpoints with consumers.

Insurance 352

Insurance Lending Modernization Clients 352

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. “Offering customizable solutions for all our clients is key to this effort, regardless of their size. .

Real Estate Agent 370

Real Estate Agent Clients Insurance Real Estate 370

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. Since then, the firm acquired MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate in July.

Modernization 370

Modernization Clients Technology Insurance 370

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 348

Technology Lending Clients Insurance 348

Housing Wire

MARCH 31, 2022

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions. This ongoing engagement is an example of WFG’s foundational pledge to “Communicate, Collaborate, Coexist.”

Real Estate 391

Real Estate Human Resources Technology Clients 391

Housing Wire

JULY 27, 2021

Entering 2020 the market was expecting <$2.0 trillion in origination volume and a continuation of tight lending spreads. Then, by late Q1/early Q2 2021, pricing wars were erupting in various channels, margins were falling (rapidly), and the industry was getting ready for a decrease in lending activity in the back half of the year.

Mortgage 383

Mortgage Technology Lending Clients 383

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 392

Clients Technology Insurance Loan Officers 392

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more.

Lending 417

Lending Law Loan Officers Clients 417

Housing Wire

JUNE 8, 2021

. “[Mitchell] brings a wealth of experience and well-earned respect to Verus, as we continue to serve agents and clients across Texas.” ” Fathom acquired Verus in November 2020 to complement its suite of services in the residential and commercial real estate market. Terms of that transaction were not disclosed.

Real Estate Agent 263

Real Estate Agent Real Estate Technology Agents 263

Housing Wire

AUGUST 16, 2022

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The lender’s correspondent clients include other banks and mortgage companies.

Mortgage 370

Mortgage Lending Business Insurance 370

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 365

Appraisal Clients Insurance Lending 365

McKissock

OCTOBER 30, 2020

In this recorded webinar, presented by Certified General Appraiser Julie Molendorp, you’ll learn real-life information related to a risk management-based viewpoint of appraisal reviews for lending purposes and why your underwriters ask what they do. The Appraisal Foundation Q4 2020 Update. Fannie Mae Q3 2020 Appraisal Update.

Appraisal 54

Appraisal Insurance Clients Real Estate 54

Housing Wire

FEBRUARY 3, 2022

The six companies that went public over the last two years have, in the aggregate, lost around $36 billion in combined market cap value since the first nonbank, Rocket, debuted on the market in the summer of 2020, according to an analysis of stock values by HousingWire. Winners and losers. The losers are a lot of the smaller players.”

Mortgage 383

Mortgage Retail Finance Investors 383

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023.

Realtors 370

Realtors Technology Insurance Mortgage 370

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 370

Law Technology Insurance Agents 370

Housing Wire

OCTOBER 29, 2021

Dave Steinmetz: Starting in early 2020, we worked to scale production with the challenges presented by the combination of the pandemic and record volumes. Luckily, the technology and infrastructure we had in place at ServiceLink kept our client service uninterrupted.

Inspection 361

Inspection Technology Clients Tools 361

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 370

Insurance Real Estate Technology Loan Officers 370

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. Time and training.

Mortgage 395

Mortgage Loan Officers Finance Investors 395

Housing Wire

JANUARY 25, 2023

Wells Fargo officials have not commented on the rumors, so speculation is likely to persist over whether the lending giant is about to launch a potentially market-disrupting MSR offering. billion in 2020 but declined to $67.8 However, clients do ask those questions,” he added. billion as of end of 2021 to $608.2B

Buyers 381

Buyers Investing Mortgage Marketing 381

McKissock

APRIL 20, 2021

Despite your chosen work schedule, you’ll have to juggle clients who generally want their agents to be available around the clock. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Finding time for part-time real estate.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Appraisal Today

NOVEMBER 24, 2023

During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. I got the client to write a letter to the state indicating my report did not mislead them, yet the state sanctioned me for it anyway! If my client says I did not mislead them, how can the state board say I did?!”

Appraisal 75

Appraisal Mortgage Business Contracts 75

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. A tough moment for banks Originating jumbos became trickier in the wake of the 2020-2021 refi boom.

Insurance 369

Insurance Mortgage Clients Lending 369

Housing Wire

AUGUST 20, 2021

Yes, 2020 gave certain sectors a tail-wind but nonetheless these companies all had to manage through uncertainty while growing at breakneck speeds. And Nationwide Mortgage Bankers posted an insane average three-year growth rate of 16,396% in 2020. 2020 total volume for refinances and purchase mortgages totaled $3.83 5000 map.”.

Real Estate 446

Real Estate Realty Brokerage Mortgage 446

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. HMDA, Fair Lending etc.,” I think that the depositories are not as picky in making sure they are hiring LOs with mortgage lending experience.

Training 382

Training Loan Officers Lending Mortgage 382

Housing Wire

MARCH 9, 2021

Most agree that in 2021, we will not match the astronomical origination volume seen in 2020. How hybrid title and valuations help increase lending efficiency. And the issue is only compounded by the fact that every state (and seemingly, every city) has its own rules and requirements to issue title insurance and hold a closing.

Marketing 437

Marketing Technology Lending Business 437

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. Of the $387.2 billion came from its origination technology, according to their earnings reports.

Mortgage 382

Mortgage Technology Loan Officers Investing 382

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.

Housing Market 437

Housing Market Marketing Brokerage Real Estate 437

Housing Wire

APRIL 14, 2021

Based on 2020, many mortgage lenders are now exploring technology. The economic benefit to Candor’s clients has proven to be significant, including an 18.7 Now, as the volume slacks, mortgage lenders are reassessing their cost structure. day reduction in cycle time. It took a rocket scientist to bring an Expert System to mortgage.

Technology 383

Technology Development Mortgage Design 383

Simonson Real Estate

APRIL 26, 2021

During 2020 even with COVID-19 uncertainties, there was a significant discussion nationally about investors pulling out of the stock market and an uptick in migration to ‘Amazon-proof’ real estate investments that had ‘essential’ tenants. At the top line, fiscal 2020 net sales jumped 21.6% billion from $27.75 Market Extraction.

Marketing 78

Marketing Tenants Real Estate Valuation 78

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 363

Renovations Investing Real Estate Marketing 363

Housing Wire

MARCH 14, 2023

“As a result of the higher interest rates, longer-term maturity assets acquired by banks when interest rates were lower are now worth less than their face values,” said Martin Gruenberg, chairman of the Federal Insurance Deposit Corp. FDIC) in recent speech at the Institute of International Bankers.

Investing 370

Investing Mortgage Sellers Marketing 370

Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. Many thanks to Ryan Lundquist’s 2020 blog post for the very appropriate image above! This week I had a long conversation with a local agent about an insurance office converted to a home near where I live.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Housing Wire

AUGUST 3, 2021

during the second quarter of 2020 to 3.3% billion government-insured loans in Q2 2021, down from $5.08 Despite the downturn in volume in recent months, LoanDepot said a strong investment in marketing and brand awareness increased the company’s market share from 2.3% in the second quarter of 2021. million the previous quarter.

Marketing 370

Marketing Real Estate Agent Advertising Insurance 370

Housing Wire

DECEMBER 7, 2020

Quicken Loans Mortgage Services is proud to partner with a diverse set of brokers, which broadens the pool of potential clients they serve together. While there is some overlap with state agency data, FHA mortgage lending has become increasingly reliant on DPA as well. Now is the time to double down on diversity and inclusion efforts.

Law 487

Law Government Finance Mortgage 487

Will Springer Realtor

JANUARY 7, 2022

“If affordability falls too far, some home buyers on the margin will pull back, prompting fewer bidding wars and causing house prices to moderate,” said Mark Fleming, chief economist at First American Financial, which provides title insurance and settlement services for real estate transactions. If a client already has 2.5% 2020 data).

Construction 36

Construction Real Estate Inventory Buyers 36

Housing Wire

MAY 17, 2022

2020 to Jan. Some of my clients have told me that they’ll come back in and service FHA loans if there are reasonable requirements, along the lines of the GSE’s,” Chappelle added. Industry stakeholders have some ideas for how to further that goal, starting with more clarification on some FHA lending programs. Twitter woes.

Insurance 369

Insurance Development Housing Market Mortgage 369