Housing Wire

MARCH 8, 2021

For many in the housing industry, the events of 2020 accelerated tech adoption. Despite the increased pace, the industry as a whole still has room for continued tech development and usage. HousingWire: Why do you feel it is important to continually develop and use new technologies? First, mortgage lending is highly volatile.

Technology 348

Technology Lending Loan Officers Development 348

Housing Wire

MARCH 25, 2021

The capital raise follows a $5 million Series A funding round in June 2020. In short, their AI platform, which is built on aggregated loan data from its network, allows loan officers, processors and underwriters to offload manual, arduous tasks. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending.

Mortgage 407

Mortgage Lending Technology Loan Officers 407

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 396

Retail Loan Officers Brokerage Technology 396

Housing Wire

JANUARY 5, 2021

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013.

Architecture 397

Architecture Real Estate Agent Loan Officers Real Estate 397

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.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process. Many loan officers who may not have in the past sought to engage with customers digitally.

Lending 356

Lending Technology Loan Officers Investors 356

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. When will the market turn?

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 378

Mortgage Loan Officers Retail Technology 378

Housing Wire

AUGUST 31, 2020

According to Beeline, the company plans to unveil a new office in Charlotte in the fall of 2020 – followed by a new branch on the West Coast towards the end of the year. The company has developed an alternative to what is traditionally know as a loan officer role.

Loan Officers 330

Loan Officers Development Real Estate Technology 330

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 362

Mortgage Loan Officers Retail Training 362

Housing Wire

SEPTEMBER 2, 2020

Cooper , a nonbank mortgage lender and servicer, announced on Wednesday the company plans to hire an additional 2,000 mortgage professionals and support staff by the end of 2020. The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors.

Training 378

Training Loan Officers Development Mortgage 378

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

Marketing 396

Marketing Real Estate Agent Loan Officers Advertising 396

Housing Wire

MAY 3, 2022

” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments. The company achieved a 3.4%

Renovations 397

Renovations Loan Officers Technology Mortgage 397

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.’ Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business.

Real Estate 355

Real Estate Brokerage Real Estate Agent Technology 355

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). I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. months less than what it was in 2019.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. . ” Just a little less vanilla. ” Tapping that equity.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

OCTOBER 22, 2020

Michael Fratantoni and his staff made national news at the MBA’s annual virtual convention, releasing a projection for 2020 of $3.18 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Purchases in 2021 should be roughly $350bb larger than 2019, and $120bb bigger than 2020.

Mortgage 419

Mortgage Training Contracts Loan Officers 419

Housing Wire

AUGUST 12, 2020

This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

Investing 496

Investing Loan Officers Technology Development 496

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.

Marketing 358

Marketing Investors Technology Loan Officers 358

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. These time-savings are critical in today’s lending environment.

Clients 366

Clients Technology Insurance Loan Officers 366

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

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.

Technology 427

Technology Loan Officers Lending Business 427

Housing Wire

NOVEMBER 28, 2023

The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. A top-20 U.S. Overall, the bank posted a net income of $7.8 billion in the third quarter of 2023.

Law 441

Law Mortgage Loan Officers Lending 441

Housing Wire

JUNE 1, 2021

This year’s class of Rising Stars matches the recording-breaking and unparalleled year that the housing industry experienced in 2020. SVP, Agent Engagement & Development. EVP, Retail Lending. Alterra Home Loans. Alterra Home Loans. Senior Loan Officer. Supreme Lending. VP, Lending Support.

Retail 397

Retail Lending Loan Officers Finance 397

Housing Wire

DECEMBER 11, 2020

A few short months after Shant Banosian became Guaranteed Rate ’s first loan officer to originate $1 billion in a year , another Guaranteed Rate loan officer has joined that exclusive club. CoreLogic’s annual Mortgage Fraud Report found that the risk of mortgage fraud for the 12 months ending June 2020 decreased 26.3%

Loan Officers 373

Loan Officers Business Mortgage Lending 373

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 343

Tools Loan Officers Lending Design 343

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. Though purchase volume across the industry is down from 2020 and 2021, it’s among the only source of business out there for lenders. Bank is hiring LOs in New Jersey and Oregon.

Mortgage 450

Mortgage Brokerage Retail Business 450

Housing Wire

OCTOBER 6, 2020

Worse, because we are not yet leveraging the power of big data in our industry, for reasons we will discuss in this article, most of the technology deployed on the front end is not being well adopted and utilized and its effects on the back-office have been negligible. Lending technology out of focus. Loan Underwriting.

Technology 450

Technology Mortgage Investing Investors 450

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. Only 20% reported year-over-year traffic growth, the lowest level since April 2020, at the start of the pandemic. I don’t think it’s a win for anyone on the lending side.

Housing Market 433

Housing Market Marketing Brokerage Real Estate 433

Housing Wire

DECEMBER 21, 2023

It was also to find meaning in all the change that’s happening and a new north star because what worked in 2020 and 2021 — and actually for the last 10 years — isn’t what’s going to work in the future. SW: How are you developing products for the next wave of homebuyers?

Technology 361

Technology Investors Development Loan Officers 361

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec.

Lending 366

Lending Government Law Mortgage 366

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. of GDP in 2020. Incentivizing developers is necessary. Committing non-bank lending institutions.

Insurance 382

Insurance Construction Government Lending 382

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. But far higher expenses than pre-2020 norms will remain. For example, to close their “deal” the borrower needs a bridge loan.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67