Housing Wire

JULY 19, 2021

Margaret Redman has been named director of national commercial services and senior regional underwriting counsel for North American Title Insurance Co. First American Data & Analytics’ solutions help lenders better identify fraud risks and errors in mortgage applications. but projects to be at 5% by 2023. Presented by: FADT.

Insurance 370

Insurance Real Estate Investing Agents 370

Housing Wire

MARCH 17, 2023

Candor Technology Inc. , a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. With various headwinds working against the mortgage industry, Candor is in a position of optimizing personnel levels, Showalter explained.

Mortgage 368

Mortgage Clients Technology Development 368

Housing Wire

MARCH 15, 2021

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. But Mayopoulos stands by his statement that virtually “every aspect of mortgage lending can be improved through digitization.”

Insurance 397

Insurance Lending Real Estate Agent Valuation 397

Housing Wire

MARCH 13, 2024

Realtor.com is leveraging data from First Street , a climate technology company, and will offer three new risk factor scores — heat, wind and air — to complement existing fire and flood assessments. The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. According to the U.S. million Americans in 2023.

Tools 441

Tools Insurance Home Value Technology 441

Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. ow and ease of the entire closing process.

Insurance 384

Insurance Real Estate Technology Business 384

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgage 370

Mortgage Technology Business Investing 370

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

Insurance 384

Insurance Bracketing HOA Law 384

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. Blend Labs CEO Nima Ghamsari is a betting man. He was right.

Mortgage 384

Mortgage Technology Clients Insurance 384

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 440

Mortgage Insurance Tools Business 440

Housing Wire

FEBRUARY 24, 2021

HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. This will result in a major shift in how people use their homes and where they want to live.

Real Estate Agent 353

Real Estate Agent Real Estate Agents Loan Officers 353

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. The originations went from $14.1

Mortgage 366

Mortgage Investors Investing Technology 366

Housing Wire

DECEMBER 17, 2021

Special purpose acquisition companies’ appetite for real estate and mortgage businesses apparently isn’t dead yet , despite recent problems involving Better.com that pushed a merger with Aurora Acquisitions Corp. trillion and mortgage originations to $3.8 trillion in 2020 in the United States. to next year, if at all.

Real Estate 441

Real Estate Mortgage Insurance Business 441

Housing Wire

SEPTEMBER 27, 2022

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. Real’s technological vision for the future of integrated home buying is what drew us to the platform,” Dedhia said in a prepared statement.

Brokerage 370

Brokerage Lending Loan Officers Technology 370

Housing Wire

JULY 21, 2023

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 million class action lawsuit to resolve claims surrounding a 2020 data breach. Because the mortgage industry has become more technologically interconnected, companies are spending more on IT security and infrastructure.

Legal 368

Legal Technology Insurance Lending 368

Housing Wire

AUGUST 23, 2023

Since the deal announcement, Better’s employment count dropped from 11,000 employees in 2020 to 950 workers as of June 2023. Better faced the deterioration of the mortgage market due to surging rates. It also dealt with the bad press after Garg laid off employees via Zoom in December 2020.

Finance 370

Finance Insurance Mortgage Realtors 370

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?” These needs must be met with, or without, modernized technology.

Mortgage 370

Mortgage Investors Technology Modernization 370

Housing Wire

APRIL 19, 2022

Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The company, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. Bank , expects to incur about $6.7 With rapid changes in U.S.

Mortgage 370

Mortgage Investors Clients Insurance 370

Housing Wire

AUGUST 24, 2023

and created a refi boom for mortgage lenders like Better. But Better’s debut came at a low point in the mortgage market, with mortgage rates at their highest levels in more than two decades and historically low levels of home sales. At that time, the company was valued by its investors at $7.7

Insurance 370

Insurance Mortgage Realtors Business 370

Housing Wire

JANUARY 15, 2021

HousingWire’s people mover section covers the latest hiring announcements in the real estate and mortgage industry. Kicking off this week’s leadership announcements, Cherry Creek Mortgage changed its structure and ownership. How 2020 raised the stakes for the mortgage industry. Presented by: CoreLogic.

Human Resources 397

Human Resources Mortgage Finance Insurance 397

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. “The Presented by: ServiceLink.

Insurance 365

Insurance Clients Modernization Technology 365

Housing Wire

DECEMBER 14, 2022

Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Mortgage Insurers (USMI) as its president in 2023.

Development 369

Development Insurance Finance Mortgage 369

Housing Wire

JULY 27, 2021

Michael Franco: The last two years in the mortgage industry have certainly been unique. Volatility and dramatic shifts in market activity have forced participants across the mortgage lifecycle to embrace more agile business practices. Entering 2020 the market was expecting <$2.0 We got the exact opposite.

Mortgage 384

Mortgage Technology Lending Clients 384

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

SEPTEMBER 8, 2022

Verification provider Xactus and income and employment data solution firm Truv teamed up to court more mortgage lenders that will speed up the mortgage approval process. The firm expects the partnership to allow mortgage lenders verify income and employment for more than 146 million U.S. Over the past two years, Truv raised $31.5

Lending 384

Lending Insurance Mortgage Real Estate 384

Housing Wire

DECEMBER 22, 2023

My goal with my career in mortgage is to help bridge the generational gap between mortgage professionals and next-generation borrowers. For Gen Z, technology is second nature Gen Z is considered those who were born between 1997 and 2012 — today, members of Gen Z are between 11 and 26 years old.

Real Estate 432

Real Estate Technology Finance Investing 432

Housing Wire

JANUARY 13, 2021

have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 How the National Flood Insurance Program’s recent extension provides stability for the housing market. The technology will also need to facilitate quick decisioning, while helping servicers remain complaint.

Mortgage 465

Mortgage Investors Technology Housing Market 465

Housing Wire

JUNE 2, 2021

Founded in 2016, Spruce is known most notably for its a platform intended to assist mortgage lenders, real estate investors and PropTech companies manage title and closing processes. It claims it reduced the time-to-close on mortgages – the industry standard of which is about 51 days – by 25%.

Real Estate 410

Real Estate Investors Insurance Clients 410

Housing Wire

JUNE 24, 2021

In a flurry of moves, TitleWave Real Estate Solutions of Jacksonville, Florida has announced a new location in Colorado, two new executive hires, and the launch of its title and search report technology. Enverus said it plans to integrate Integrity Title’s technology into a new online platform called Integrity Title Plants.

Insurance 344

Insurance Technology Real Estate Finance 344

Housing Wire

JUNE 1, 2022

According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. The ALTA Registry is a unique real estate utility created specifically for the mortgage industry and service providers.

Insurance 409

Insurance Real Estate Agents Technology 409

Housing Wire

AUGUST 31, 2022

The executive will be responsible for strengthening Xactus’ regulatory compliance framework and administering regulatory changes required by the credit and mortgage industries, the firm said. 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

JUNE 21, 2021

The Securities and Exchange Commission announced last week a cybersecurity violation by title insurance giant First American Financial Corp. What should lenders look for when choosing mortgage technology? First American is the second-largest mortgage title and settlement company in the U.S., Presented by: SimpleNexus.

Insurance 410

Insurance Technology Investors Mortgage 410

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. million and $96.0

Technology 384

Technology Mortgage Valuation Insurance 384

Housing Wire

JANUARY 15, 2021

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. The warehouse facility will allow the company, a subsidiary of Figure Technologies , to originate conventional loans as well as jumbo loans , the company said in a statement Wednesday.

Lending 296

Lending Technology Finance Insurance 296

Housing Wire

MARCH 2, 2021

Title insurance startup Doma – formerly known as States Title – announced today that it will go public through a merger with special purpose acquisition company Capitol Investment Corp. Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes.

Insurance 388

Insurance Real Estate Investing Finance 388

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. 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.

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

MARCH 9, 2022

IDS, currently owned by the Reynolds and Reynolds Company , is among the top providers of compliance and document generation software solutions for the mortgage and real estate industry. banks, lenders, credit unions, insurers and securities firms. mortgage lenders, banks and law firms. Presented by: Wolters Kluwer.

Lending 379

Lending Government Law Insurance 379

Housing Wire

AUGUST 8, 2022

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Dave Applegate, a board member since 2020, has been named the company’s chairman. Presented by: Newbold.

Human Resources 369

Human Resources Legal Finance Insurance 369