Housing Wire

MARCH 25, 2021

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. The capital raise follows a $5 million Series A funding round in June 2020. mortgage market.

Mortgage 370

Mortgage Lending Technology Loan Officers 370

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 519

Mortgage Marketing Retail Lending 519

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Presented by: ServiceLink.

Insurance 299

Insurance Clients Modernization Technology 299

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 405

Mortgage Real Estate Agent Real Estate Clients 405

Housing Wire

JUNE 16, 2022

The company pays as much as 90% of a home’s expected value for the HomeLight Trade-In product, launched in 2020. For the HomeLight Cash Offer program, also introduced two years ago, the firm makes an all-cash offer on the client’s behalf and holds the home until the client secures financing.

Brokerage 300

Brokerage Real Estate Lending Clients 300

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 346

Finance Marketing Renovations Investors 346

Housing Wire

JANUARY 28, 2021

Separate to the Homepoint IPO, Home Point Capital raised $500 million in a debt offering earlier this month, returning half of the proceeds to original investors and shareholders affiliated with its private equity backers. It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1.

Retail 531

Retail Lending Valuation Mortgage 531

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. For investors, a warning: it means that profitability will take some time to achieve. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021.

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

SEPTEMBER 11, 2020

Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. Elsewhere in mortgage comings and goings, Chris Boyle has been named president of home lending at Roostify , bringing extensive experience in the mortgage lending ecosystem to the position.

Lending 257

Lending Valuation Technology Clients 257

Housing Wire

JUNE 2, 2021

Co-mingling of the two companies previously took place in October 2020, when the tech providers announced an integration partnership. This was just one month after Volly announced an $11 million Series B growth equity round led by Camden Partners and backed by existing investor, New Capital Partners.

Mortgage 326

Mortgage Real Estate Technology Clients 326

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. Meanwhile, investors are taking steps to acquire the business. In 2019, 4% of her business originated from social media, but from 2020 through 2022, it increased to an average of 30%.

Loan Officers 344

Loan Officers Tools Business Clients 344

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 382

Mortgage Technology Lending Clients 382

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

FEBRUARY 9, 2021

HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021. We saw and endured COVID force a pause on the business and had to quickly respond and adapt to continue to lend. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards.

Lending 326

Lending Loan Officers Business Investors 326

Housing Wire

SEPTEMBER 12, 2023

Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. “For my clients, if rates do get into the 5s, we’re going to jump in [to originate refis]. If the borrower pays the loan within a few months, the investor’s return will not materialize.

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

Housing Wire

DECEMBER 2, 2020

The lender and servicer has earned $345 million in the first three quarters of 2020, up 466% from $61 million during the same period last year. billion of it coming through its forward-lending arm. ” WFG reports its highest volume months ever during Q2 and Q3 of 2020. . The company funded $9.17 Presented by: WFG.

Finance 215

Finance Lending Retail Business 215

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. And investor guidelines are continually evolving. is just under 10 million, a 4.6% annual increase.

Marketing 316

Marketing Investors Technology Loan Officers 316

Housing Wire

FEBRUARY 29, 2024

Another loan closing today is for a real estate agent who is an investor and has done many mortgages in the past. Regulators at the Consumer Financial Protection Bureau (CFPB) have expressed growing concerns about fair lending issues associated with pricing exceptions. Fair lending concern To start, here’s how pricing exceptions work.

Loan Officers 362

Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. “The riches are in the niches.”

Lending 314

Lending Loan Officers Real Estate Mortgage 314

Housing Wire

NOVEMBER 3, 2020

As the premier provider of software, data and analytics solutions to the mortgage and capital markets industries, Black Knight further strengthened its position as a market leader with the acquisition of Optimal Blue in September 2020.

Valuation 353

Valuation Tools Clients Mortgage 353

Housing Wire

JULY 13, 2021

OriginPoint will originate mortgages for clients of Compass’s real estate brokerage, as well as any other brokerage, making loans available to a broad consumer audience,” per the release. The release does not say who may the lead the company or its official launch date. Guaranteed Rate Affinity originated $13.4 Compass stock traded at $13.45

Brokerage 293

Brokerage Real Estate Agents Clients 293

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Goldman Sachs ’s analysts wrote in a report to clients on January 6 that, overall, they remain negative on the group of nonbank mortgage originators for this year. Investors were nonplussed. How could they resist?

Mortgage 361

Mortgage Retail Finance Investors 361

Housing Wire

DECEMBER 18, 2020

WFG reports its highest volume months ever during Q2 and Q3 of 2020. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. from the second quarter of 2020). Presented by: WFG. The company originated $54.2 Rocket was the first to go public, raising $1.8

Clients 431

Clients Mortgage Investors Finance 431

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 315

Insurance Mortgage Clients Lending 315

Housing Wire

SEPTEMBER 30, 2020

million borrowers, thousands of investors and more than 100 subservicing clients. On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. This will obviously be attractive as investors and MSR holders cope with the aftermath of the pandemic.

Mortgage 353

Mortgage Investors Business Human Resources 353

Housing Wire

JUNE 4, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. Presented by: Rocket Pro TPO.

Marketing 488

Marketing Sellers Finance Loan Officers 488

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 400

Housing Market Marketing Brokerage Real Estate 400

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. Some non-QM lenders must get approval from outside investors that could result in delays. One of our biggest differentiators from other lenders is the fact that we are the end investor.

Clients 321

Clients Business Mortgage Investors 321

Housing Wire

OCTOBER 9, 2020

It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.” “As an investor, you’re looking at all this trying to figure it out,” he said.

Marketing 370

Marketing Investors Technology Loan Officers 370

Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. One of the best tools that mandatory investors have at their disposal is access to precise, accurate and timely data.”. The tech solution giving community lenders an advantage.

Mortgage 294

Mortgage Investors Technology Real Estate Agent 294

Housing Wire

DECEMBER 10, 2021

Manish Valecha, head of client solutions at Angel Oak Capital, part of Angel Oak Companies, says the non-QM market “as a percentage of the overall market is about 10% to 12% in a normalized environment” — adding that was the size of the non-QM market in the early 2000s, prior to the global financial crisis. economy. “If

Lending 466

Lending Mortgage Finance Government 466

Housing Wire

MARCH 12, 2021

Both client scenarios require speed, clarity, and simplicity for borrowers — while demanding precision and seamless compliance with real-time regulatory changes for servicers. As mid-March 2020 COVID lockdowns escalated to 4.3 Here’s how servicers powered by Sagent have cared for borrowers during this time.

Modernization 408

Modernization Technology Investors Design 408

Housing Wire

DECEMBER 8, 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. Backers include the sovereign wealth fund of Qatar, private equity firm Silver Lake and tech investor Peter Thiel. billion in mortgages in 2020, with a servicing book valued at about $2.5

Mortgage 378

Mortgage Government Investors Finance 378

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. ” Just a little less vanilla. and Sprout Mortgage.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

DECEMBER 15, 2022

The repurchase-request volume, which includes both depository lenders and nonbanks, is being driven up this year by the huge volume of lower-rate loans made in 2020 and 2021 that Fannie and Freddie are continuing to vet for loan-sale representations and warranties violations. And it just might push some smaller lenders over the cliff.

Law 357

Law Mortgage Lending Clients 357

Housing Wire

NOVEMBER 16, 2022

In addition, Hale said he is currently working with three clients who are looking to buy IMBs — two of which are homebuilders and one he described as a “proptech/fintech” company. Hale, of course, could not reveal the names of those clients, although he did define the type of acquisition targets they are seeking to find as buyers.

Buyers 398

Buyers Mortgage Sellers Investing 398

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 347

Loan Officers Retail Real Estate Agent Real Estate 347