Housing Wire

APRIL 24, 2024

In May 2020, Brenning also founded and led Amerisave Wholesale Mortgage Solutions , a technology- and service-driven wholesale lending platform. “I In February , AFR was acquired by a group of investors led by Colorado-based fund manager Proprietary Capital.

Lending 280

Lending Investors Clients Technology 280

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. HousingWire: What sets you apart from other non-QM lenders and how does that benefit originators and investors?

Lending 261

Lending Clients Investing Investors 261

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. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators.

Technology 351

Technology Lending Investors Modernization 351

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

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 326

Lending Technology Loan Officers Investors 326

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. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 412

Mortgage Clients Lending Investors 412

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. Edison Financial is one of Rocket Mortgage’s first international expansions, according to an investor prospectus for Rocket Companies’ initial public offering in August 2020.

Brokerage 366

Brokerage Mortgage Real Estate Lending 366

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. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton.

Mortgage 287

Mortgage Technology Lending Modernization 287

Housing Wire

FEBRUARY 4, 2021

This would be a premium of 51% to CoreLogic’s unaffected share price as of June 25, 2020. Stone Point and Insight Partners are highly respected investors who recognize the value and potential of CoreLogic’s digital content, solutions and market-leading platforms that power the housing economy,” CoreLogic President and CEO Frank Martell said.

Legal 409

Legal Investors Lending Finance 409

Housing Wire

APRIL 11, 2022

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. million in revenue from October to December, an increase of 13% compared to the same quarter of 2020. billion in revenue in 2021, a 19% jump compared to 2020.

Technology 287

Technology Investors Mortgage Lending 287

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

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. Last year, non-QM originations topped $25 billion, which was ahead of 2020 and back up to pre-pandemic 2019 levels. And investor guidelines are continually evolving.

Marketing 316

Marketing Investors Technology Loan Officers 316

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. and former U.S.

Mortgage 282

Mortgage Investors Investing Technology 282

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 363

Mortgage Technology Development Finance 363

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. Hey Clayton …” and a link. In 2016 LLR led a $26.5

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

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

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.

Insurance 299

Insurance Clients Modernization Technology 299

Housing Wire

SEPTEMBER 12, 2023

It’s down 70% from its peak in 2020, a 20-year low , the company said. This left a void in the mortgage lending market, which was filled by IMBs. IMBs are often more flexible than traditional banks, and they are more likely to lend to borrowers with less-than-perfect credit due to their strategy of having multiple investor outlets.

Mortgage 354

Mortgage Investors Business Lending 354

Housing Wire

AUGUST 31, 2022

Back then, the tech craze was booming, and the company’s founders recognized an opportunity to bring data and technology to the industry. For Flueid, the mission to deliver a digitally accelerated real estate life cycle began long before the pandemic push – nearly 30 years ago, in fact. homeowners find themselves enjoying approximately $27.8

Lending 333

Lending Real Estate Technology Design 333

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. Between 2015 and 2019, she served as executive vice president of sales and marketing at cloud-based mortgage technology provider Ellie Mae.

Lending 257

Lending Valuation Technology Clients 257

Housing Wire

JUNE 2, 2021

According to a release from Volly, the acquisition of Home Captain’s technology will extend the company’s reach into the real estate realm. Co-mingling of the two companies previously took place in October 2020, when the tech providers announced an integration partnership.

Mortgage 326

Mortgage Real Estate Technology Clients 326

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

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

JULY 6, 2021

Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. CEO Nima Ghamsari, a former employee of analytics giant Palantir Technologies , and Blend President Timothy Mayopoulos, a former chief executive officer at Fannie Mae. “For 2019 and 2020, our revenue was $50.7

Technology 369

Technology Mortgage Valuation Insurance 369

Appraisal Buzz

NOVEMBER 3, 2021

By endorsing this standard, the CRN is encouraging emerging technologies to develop applications for gross living area calculations in a more uniform protocol. Digitizing processes through new technologies helps fill this gap, and appraisal professionals must have full confidence that their measurements meet standards.

Valuation 370

Valuation Development Technology Appraisal 370

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

FEBRUARY 8, 2021

In fact, UWM originated more than $182 billion in mortgages in 2020, generating about $3.37 Ishbia told analysts that the company doesn’t see originations or margins normalizing in 2021, giving the firm another year of big profits and further investment in technology. billion in profits. Incredible numbers.

Technology 544

Technology Mortgage Investors Investing 544

Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency. Presented by: Altisource.

Insurance 362

Insurance Lending Real Estate Agent Valuation 362

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. 1, 2020, according to data from Recursion Companies. Explore three steps that enable technology to work more efficiently, which helps drive profitability. billion valuation. It has sent $16.2

Finance 471

Finance Lending Retail Investing 471

Housing Wire

MARCH 18, 2022

HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s average homebuyer. billion in mortgages, up 9% compared to 2020, which executives attributed partly due to successes with its reverse and commercial businesses.

Finance 452

Finance Mortgage Business Lending 452

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. Blend, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021. million in 2020 during the refi-boom.

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

AUGUST 24, 2023

At that time, the company was valued by its investors at $7.7 Since the deal announcement, Better’s employment count nosedived to 950 workers in June 2023 from 11,000 employees in 2020. Better dealt with the bad press after Vishal Garg, Better’s founder and CEO, laid off employees via Zoom in December 2020.

Insurance 363

Insurance Mortgage Realtors Business 363

Housing Wire

OCTOBER 28, 2021

While the mortgage lending industry of the 1980s does not bear a lot of semblance to our experiences today, one thing everyone can agree on is that there is a great deal of pressure and heat on our streets. Ensuring the safety and soundness of residential mortgage originations is a pillar of lending today. The heat is definitely on. .

Lending 312

Lending Inventory Investors Mortgage 312

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 353

Mortgage Loan Officers Retail Technology 353

Housing Wire

JUNE 2, 2022

Morgan CEO Jamie Dimon is famously no fan of crypto, the bank dove into the enigmatic world of blockchain-based finance in 2020 with the launch of Onyx , a business unit devoted to exploring and expanding the use of blockchain technologies. . also recognize the industry-changing potential of blockchain-enabled technology.

Technology 372

Technology Investing Investors Mortgage 372

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Formerly known as Arcus Lending , InstaMortgage originated about $800 million in volume last year and All Cal notched about $300 million in origination volume in 2021.

Retail 351

Retail Loan Officers Brokerage Technology 351

Appraisal Buzz

DECEMBER 20, 2021

That changed in March 2020 when the COVID-19 virus struck. The second approach allowed appraisers to make use of other available technologies to complete their reports. In December, Fannie Mae issued Lender Letter LL-2020-04 , in which it extended its temporary flexibility into the new year.

Valuation 367

Valuation Inspection Appraisal Lending 367