Housing Wire

MARCH 17, 2023

Candor Technology Inc. , Future development projects will follow this collaborative approach with our clients and strategic partners. The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. In August 2021, Candor raised $12.5

Mortgage 328

Mortgage Clients Technology Development 328

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. Presented by: Sagent Lending Technologies.

Technology 375

Technology Lending Investors Modernization 375

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 304

Mortgage Technology Lending Modernization 304

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 354

Mortgage Retail Lending Loan Officers 354

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. He added: “We have a tremendous amount of proprietary technology being built.

Mortgage 383

Mortgage Technology Development Finance 383

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?

Technology 328

Technology Lending Loan Officers Development 328

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. HousingWire: How has COVID-19 impacted technology strategies for mortgage lenders? What are some examples of these strategies?

Business 406

Business Lending Technology Clients 406

Housing Wire

JUNE 6, 2022

Figure Technologies co-founder and CEO Mike Cagney. Fintech lender Figure Technologies and multichannel originator Homebridge Financial Services last August announced a merger that they claimed would usher in monumental change to the mortgage industry. billion in mortgages, a decrease of 11% compared to 2020.

Technology 392

Technology Lending Mortgage Finance 392

Housing Wire

APRIL 25, 2024

The reverse lending industry’s most prominent attendee — Kristen Sieffert of Finance of America Companies (FOA), parent company of industry-leading lender Finance of America Reverse (FAR) — offered insights into various topics about the reverse mortgage product category. This year, it’s ‘prevail,’” she said.

Mortgage 306

Mortgage Finance Real Estate Best Value 306

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. Presented by: Sutherland.

Mortgage 392

Mortgage Lending Technology Loan Officers 392

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.

Lending 341

Lending Technology Loan Officers Investors 341

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Founded in 2018, Ledn focuses on saving and lending products for Bitcoin and other digital assets.

Mortgage 421

Mortgage Clients Lending Investors 421

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

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 ). LLR is not a newcomer to mortgage technology or the overall fintech market. This isn’t a new story in mortgage lending or real estate brokerage.

Real Estate 335

Real Estate Brokerage Real Estate Agent Technology 335

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 395

Architecture Real Estate Agent Loan Officers Real Estate 395

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 376

Retail Loan Officers Brokerage Technology 376

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

MARCH 31, 2022

By empowering industry professionals with integrated technologies, WFG provides efficient, high quality products and services through four key divisions: Direct Operations, Agency Operations, Lender Services, and WEST, its technology and digital marketing subsidiary. properties. Steve Ozonian, CEO, Williston Financial Group.

Real Estate 342

Real Estate Human Resources Technology Clients 342

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.”. PACE programs are also not regulated as heavily as other financial services, including mortgage lending.

Mortgage 410

Mortgage Clients Lending Technology 410

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 417

Mortgage Real Estate Agent Real Estate Clients 417

Housing Wire

MARCH 25, 2022

California-based Pennymac Financial Services will lay off more than two hundred employees in the coming months, according to notices sent to the state’s Employment Development Department on March 7. In Roseville, where the company has a consumer-direct business and information technology organization, Pennymac will eliminate 81 positions.

Project Management 384

Project Management Lending Business Technology 384

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 Bridge the divide of what can be done by technology and what should remain a human process.

Technology 277

Technology Lending Clients Insurance 277

Housing Wire

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. In January, the company also added a new director of business development. This is a developing story.

Development 347

Development Modernization Technology Mortgage 347

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020. Interfirst, which claimed to have originated $1.65

Mortgage 368

Mortgage Loan Officers Retail Technology 368

Housing Wire

OCTOBER 26, 2020

In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions. “We We believe in being a true partner to our clients,” said John Hedlund, chief operating officer of AmeriHome.

Client Relationships 363

Client Relationships Clients Technology Business 363

Housing Wire

MARCH 10, 2022

Nonbank heavyweight loanDepot announced on Thursday an operational restructuring with the creation of a new business division called mello, under the leadership of the digital technology veteran Zeenat Sidi. He’ll focus on refining and building out the lender’s technology stack. The company achieved 3.4%

Real Estate 364

Real Estate Business Technology Brokerage 364

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 419

Mortgage Loan Officers Lending Human Resources 419

Housing Wire

FEBRUARY 17, 2021

The resolution planning requires each enterprise to begin developing a plan “to resolve its business in the event the Enterprise were to be placed in receivership, also known as a ‘living will.’ Non-QM lending is poised for growth in 2021. Presented by: Angel Oak. .

Finance 410

Finance Lending Business Technology 410

Housing Wire

JANUARY 12, 2021

Real estate services and technology firm SitusAMC has acquired mortgage tech software developer ReadyPrice – bumping the New York-based firm’s acquisition tally to three in just under a year. SitusAMC, on the other hand, has been competing with big names like Black Knight Financial Services to dominate the secondary market.

Technology 217

Technology Real Estate Lending Marketing 217

Housing Wire

APRIL 22, 2022

” 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. Blend, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. on April 20.

Mortgage 378

Mortgage Marketing Human Resources Clients 378

Housing Wire

MAY 3, 2022

In March, California-based loanDepot announced the creation of a division called mello, under the leadership of the digital-technology veteran Sidi. The new unit focuses on developing mortgage-adjacent lending products and services. He will focus on refining and building out the lender’s technology stack.

Renovations 397

Renovations Loan Officers Technology Mortgage 397

Housing Wire

NOVEMBER 17, 2022

According to John Bosley, president of mortgage lending at Planet Home Lending , the idea that 95% of firms will qualify for the new risk-based capital rule is a “little bit disingenuous.” This is predominantly for the 2020 and 2021 origination, as we are still not seeing a significant amount of the 6% product trading.”

Marketing 377

Marketing Lending Mortgage Valuation 377

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

Training 241

Training Technology Real Estate Valuation 241

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. Technology is a big part of the answer to this education challenge.

Marketing 337

Marketing Investors Technology Loan Officers 337

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 351

Mortgage Loan Officers Retail Training 351

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 359

Realtors Technology Insurance Mortgage 359

Housing Wire

FEBRUARY 13, 2023

I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. among others. among others. million security backed by non-QM mortgages.

Mortgage 318

Mortgage Government Business Technology 318