Housing Wire

FEBRUARY 6, 2023

trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” In mortgage servicing, it’s not about “disruption” for the sake of sounding innovative.

Mortgage 362

Mortgage Investors Technology Modernization 362

Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. The complaint, filed in federal court in the U.S. Park National Bank didn’t respond to requests for comment.

Advertising 368

Advertising Lending Modernization Investing 368

Housing Wire

NOVEMBER 10, 2020

The validation and approval of Classic FICO by the enterprises allows them to continue supporting the mortgage market while assessing more modern credit score models that were submitted in response to the 2020 Joint Enterprise Credit Score Solicitation ,” the FHFA announced.

Government 539

Government Modernization Finance Development 539

Housing Wire

JULY 16, 2021

As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. During her third year at FGMC, Gonzalez was recognized by HousingWire as a 2020 Vanguard.

Investing 382

Investing Training Development Modernization 382

Housing Wire

FEBRUARY 10, 2022

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

Development 380

Development Modernization Technology Mortgage 380

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. 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 ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 376

Real Estate Brokerage Real Estate Agent Technology 376

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. How modernized servicing creates customers for life.

Technology 412

Technology Lending Investors Modernization 412

Appraisal Buzz

FEBRUARY 7, 2022

Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Prior to 2020, the most common appraisal label in the mortgage origination ecosystem was the Full Appraisal. Appraisal Labels.

Appraisal 435

Appraisal Inspection Development Technology 435

Housing Wire

SEPTEMBER 18, 2020

Ultimately, we are preparing for the digitization of the entire mortgage cycle, front-to-back,” said Brent Chandler, FormFree Founder and CEO and HousingWire 2019 Tech Trendsetter. HousingWire reached out to Chandler to discuss how COVID-19 has propelled a much-needed modernization among lenders.

Business 407

Business Lending Technology Clients 407

Housing Wire

JANUARY 27, 2022

alleging that the bank carried out redlining in its mortgage lending practices. The complaint alleged that Old National Bank structured its business to avoid extending mortgage credit to Black residents and neighborhoods in the Indianapolis area, and that the bank made many fewer loans to Black applicants than its peers did.

Advertising 393

Advertising Modernization Retail Development 393

Housing Wire

APRIL 6, 2022

Between the recent rate hike from the Federal Reserve , the ongoing war in Ukraine and continued economic recovery following the pandemic, mortgage lenders across the country are managing a volatile housing market. In an effort to cool inflation , the Fed has started rolling back the pandemic stimulus measures put in place beginning in 2020.

Modernization 392

Modernization Mortgage Marketing Design 392

Housing Wire

JANUARY 14, 2022

HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate. HomeSmart’s revenue soared 74% from the first nine months of 2020, when the company reported $275 million generated. million profit in the first nine months of 2020, before the $2.3

Brokerage 417

Brokerage Agents Real Estate Loan Officers 417

Appraisal Buzz

DECEMBER 27, 2021

Beginning in January 2020, 7% of purchase transactions had a contract price above the appraisal value. This change will be effective starting in 2022 and should reduce inefficiencies in the mortgage and homebuying process. Of course, desktop appraisals could backfire if fraudsters start swindling mortgage lenders.

Appraisal 397

Appraisal Valuation Modernization Contracts 397

Housing Wire

DECEMBER 9, 2020

Together with HW Media brands HousingWire and FinLedger, the company will reach over 11 million real estate, mortgage and fintech professionals each year. mortgage and housing markets and serves an audience of lending, servicing, investment and real estate market participants. About HW Media. million unique visitors each month.

Real Estate 538

Real Estate Brokerage Legal Real Estate Agent 538

Housing Wire

MARCH 23, 2021

Last year’s record-high origination volumes impacted every aspect of the mortgage cycle, and appraisals were no exception. Aqil Ahmed: The year 2020 was an unprecedented one, with the global pandemic and economic uncertainty impacting each of us in one way or another. HW: What is the No.

Appraisal 372

Appraisal Valuation Inspection Modernization 372

Housing Wire

APRIL 7, 2023

When this back and forth was unfolding, mortgage demand rose 2.9% compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. An opportunity for commercial real estate investors and developers? I think so too.

Retail 390

Retail Real Estate Clients Modernization 390

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 technology became essential amid social distancing guidelines.

Clients 388

Clients Technology Insurance Loan Officers 388

Appraisal Today

NOVEMBER 24, 2023

The Surfing Appraiser Riding the Waves of Up and Down Mortgage Rates By Mark Buhler Excerpts: Riding the waves of the appraisal profession can result in a range of outcomes and emotions over time. During the refinance boom of the early 2020’s, the majority of appraisers did not have time to come up for air. acres in San Francisco.

Appraisal 75

Appraisal Mortgage Business Contracts 75

Housing Wire

APRIL 12, 2021

After speaking with several other female mortgage executives in celebration of International Women’s Day, I wanted to take the opportunity to highlight a few women leaders who are making waves. Susan Stewart , CEO at SWBC Mortgage Corporation , is the current Chair of the Mortgage Bankers Association.

Mortgage 446

Mortgage Business Lending Finance 446

Housing Wire

OCTOBER 23, 2020

The Federal Housing Administration announced on Wednesday the launch of its first automated underwriting system that will allow lenders to submit loan application data electronically for single family forward mortgages from their loan origination systems to FHA for mortgage insurance eligibility.

Modernization 437

Modernization Contracts Insurance Technology 437

Clear Capital

OCTOBER 27, 2021

The acquisition is part of Clear Capital’s ongoing efforts to bring more consistency and accuracy to home appraisals through innovative technology, improved processes, and policy modernization. Part of Clear Capital’s workforce expansion focuses on building out its information and product teams.

Valuation 69

Valuation Real Estate Technology Tools 69

Clear Capital

JULY 28, 2021

Although there is concern across the industry about a stagnant or shrinking housing market, purchase mortgage opportunity is not only growing, it’s changing. From recruiting to the way we think about product development, diversity and belonging are at the heart of the impact we want to create.”. Chief Development Officer.

Valuation 36

Valuation Development Real Estate Agent Real Estate 36

Housing Wire

FEBRUARY 25, 2022

The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. The FHA, Office of Public and Indian Housing (PIH) and mainframe modernization were placed as top priorities.

Modernization 395

Modernization Development Technology Mortgage 395

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

Technology 446

Technology Mortgage Investing Investors 446

Cleveland Appraisal Blog

MARCH 4, 2021

So, while the cabinets may be in good shape, many homeowners will eventually replace the countertops, sink and appliances with a more modern look and improved functionality. 80% of Home Price Appreciation Since 1990 Was Due To Falling Mortgage Interest Rates? Birmingham Real Estate: 2019 vs 2020 – Birmingham Appraisal Blog.

Appraisal 223

Appraisal Real Estate Real Estate Agent Loan Conditions 223

Appraisal Buzz

NOVEMBER 3, 2021

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution.

Valuation 370

Valuation Development Technology Appraisal 370

Housing Wire

MAY 8, 2023

Department of Housing and Urban Development ( HUD ) , that 200,000 represented close to 20% of all single-family homes supplied to the market in 2019. This provides modern-feel homes to mostly newer homeowners. A nationwide mortgage forbearance program was legislated into reality by Congress through the CARES Act, also in April 2020.

Inventory 406

Inventory Renovations Supply Chain Buyers 406

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. HW: How is Finance of America Mortgage meeting borrowers’ unique financial needs?

Finance 390

Finance Construction Law Inventory 390

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates. No one did.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

APRIL 21, 2022

To Ballard, 3D printing technology is evolving to solve a crisis in modern day America and the world: The failure to meet people’s demand for housing. In 2020, we estimate that there were only 65,000 new entry-level homes completed, less than one-fifth of the entry-level homes constructed per year in the late 1970s and early 1980s.”

Construction 395

Construction Supply Chain Investors Business 395

Listing Spark

MARCH 15, 2022

Refinancing appraisals are another type of appraisal commonly used when an individual uses their current mortgage to buy and repay his/her existing mortgage. A fresh coat of paint or some new furniture can go a long way in making your home look more modern and appealing. Source: YCHARTS. Update your decor. Source: CoreLogic.

Appraisal 36

Appraisal Renovations Contracts Buyers 36

Appraisal Today

SEPTEMBER 8, 2023

The community is part of a wider development in Georgetown, Texas called Wolf Ranch. Topics include: The Fed, Home Sales, Employment, Mortgage Rates and Commercial Real Estate.In For the remainder of the year, mortgage originations are expected to remain stagnant. McKnight died in 2020 at the age of 87. bath, 2,908 sq.ft.,

Appraisal 81

Appraisal Contracts Business Construction 81

Housing Wire

AUGUST 29, 2022

We sat down with Steve Sussman, NAN’s chief business development officer, to find out how the company is growing so fast and what they see for the future. SW: The mortgage industry saw huge origination volume over the last two years. SW: We hear a lot these days about appraisal modernization.

Modernization 370

Modernization Appraisal Valuation Technology 370

Clear Capital

MAY 24, 2022

Using an Automated Valuation Model (AVM) for real estate valuations isn’t new in the mortgage industry. As a leading real estate technology company, Clear Capital pioneers new advances in AVMs for mortgage lending. And we’ve learned a lot over the last decade as we’ve researched and developed more accurate AVM tools.

Housing Market 69

Housing Market Valuation Marketing Real Estate 69

Will Springer Realtor

MAY 13, 2024

Even with aggressive changes to state and local zoning and fewer obstacles for building developers, the highly regarded Urban Institute estimates that by 2044 the Puget Sound region will be 140K homes shy of real demand. That’s thanks to a population growth projection of 1.6M more people – or another two Seattles – in our region by 2050.Even

HOA 36

HOA Transportation Construction Buyers 36

Will Springer Realtor

MAY 9, 2023

They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36

Will Springer Realtor

JULY 13, 2023

You are not going to get people to come back into the office to the same degree as they did before 2020. Local government, developers, architects and others will need to step up and take responsibility for the sake of our city. We’ll have new incentives, and quite frankly, this will inform our budget,” he said. The city was No.

Construction 36

Construction Supply Chain Real Estate Development 36