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.

Advertising 370

Advertising Lending Modernization Investing 370

Housing Wire

NOVEMBER 19, 2021

The Consumer Financial Protection Bureau (CFPB) is launching a voluntary review of its mortgage data collection — a key tool in bringing redlining cases — to assess its effectiveness in detecting discrimination. The agency also uses HMDA data to identify and call attention to systemic issues in mortgage lending.

Lending 370

Lending Modernization Tools Mortgage 370

Housing Wire

MAY 1, 2023

Eligible renovations can include property preparation for natural disasters or modernization to a home’s electrical or water systems. Between 2014-2020, the majority of PACE loans were used for natural disaster preparedness. The report found that PACE loans are generally tied to higher interest rates — at 7.6%

Property Taxes 367

Property Taxes Renovations Finance Lending 367

Housing Wire

DECEMBER 17, 2021

14 survey, collected responses from 391 mortgage companies, banks and credit unions from Aug. The survey’s main indicator score reached 128, a 20-point increase from 2020 to 2021. Fair lending laws and regulations have 60% of respondents very or somewhat concerned. 4 to Sept. It’s no mystery why.

Modernization 384

Modernization Lending Law Business 384

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. The terms of the deal were not disclosed. Servicers, are you prepared for hurricane season? Presented by: ServiceLink.

Insurance 363

Insurance Clients Modernization Technology 363

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

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 413

Technology Lending Investors Modernization 413

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 reached out to Chandler to discuss how COVID-19 has propelled a much-needed modernization among lenders. What are some examples of these strategies?

Business 407

Business Lending Technology Clients 407

Housing Wire

SEPTEMBER 30, 2021

With fluctuating volume, mortgage servicers are still struggling to effectively scale their business. HousingWire: What challenges are mortgage servicers facing this year? Philip Reinking: Mortgage servicers are facing substantial growth but a lack of talent in scaling business growth.

Insurance 342

Insurance Lending Modernization Clients 342

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 377

Real Estate Brokerage Real Estate Agent Technology 377

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 393

Modernization Mortgage Marketing Design 393

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

APRIL 21, 2021

During the Mortgage Bankers Association’s spring conference on Tuesday, FHFA Director Mark Calabria hinted that the power of attorney, verification requirements and condo project reviews would be wrapping, however, more likely “this summer.”

Real Estate Agent 395

Real Estate Agent Valuation Appraisal Modernization 395

Housing Wire

JANUARY 8, 2021

Months after taking over management of broker LOS platform ARIVE , mortgage software startup LendWize has finalized a deal to take complete ownership of the origination platform. LendWize took over management of the platform in early 2020 and integrated ARIVE’s software into its own technology stack.

Modernization 395

Modernization Technology Tools Mortgage 395

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Answer: the appraisers that paid attention to policy changes and the inner workings of the mortgage industry. Most appraisers that focus on federal policy are typically related to mortgage rates.

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.

Modernization 390

Modernization Appraisal Inspection Valuation 390

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 394

Advertising Modernization Retail Development 394

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. billion in mortgages last year. billion market capitalization.

Brokerage 294

Brokerage Real Estate Agents Clients 294

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. million unique visitors each month.

Real Estate 538

Real Estate Brokerage Legal Real Estate Agent 538

Appraisal Buzz

JUNE 10, 2021

Clario’s growth is unprecedented, expanding from 30 staff appraisers in 2019 to over 100 by the end of 2020, and is on target to employ 180 staff appraisers by the end of 2021. We specialize in real estate valuations for the mortgage lending and financial services industries. About Clario: Clario Appraisal Network, Inc.

Appraisal 370

Appraisal Valuation Training Real Estate 370

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 389

Clients Technology Insurance Loan Officers 389

Housing Wire

DECEMBER 20, 2021

In July 2020, he lost his job as an editor at a consulting firm for spa professionals. In September 2020, he landed a job as a service advisor assistant for an auto repair shop. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage.

Mortgage 386

Mortgage Government Contracts Insurance 386

Housing Wire

OCTOBER 2, 2020

AmeriHome on Thursday became the latest mortgage lender to file for a public offering, the latest to do so amid a coronavirus pandemic that has helped spur record origination volume this year. from 2015 to LTM Q2 2020, positioning us as the third largest correspondent producer.”

Valuation 280

Valuation Mortgage Business Modernization 280

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. Even better. Unbelievable!

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

DECEMBER 14, 2021

The Office of the Comptroller of the Currency issued a final rule Tuesday to rescind the June 2020 proposed Community Reinvestment Act (CRA) rule, setting the stage for more reform. In May, the OCC announced its intention to rescind the 2020 rule. The post OCC issues final rule to axe 2020 CRA version appeared first on HousingWire.

Modernization 386

Modernization Insurance Finance Lending 386

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth.

Mortgage 381

Mortgage Technology Loan Officers Investing 381

Housing Wire

MARCH 12, 2021

The modernization of mortgage originations in recent years has made customers expect a smart, push-button experience. million mortgages in long-term forbearance. million mortgages in long-term forbearance. As mid-March 2020 COVID lockdowns escalated to 4.3 How many of these will default when policy relief expires?

Modernization 417

Modernization Technology Investors Design 417

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

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

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. million consent order with Trident Mortgage Co.,

Lending 302

Lending Advertising Design Loan Officers 302

Appraisal Today

AUGUST 5, 2022

My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, real estate market, unusual homes, mortgage origination stats, etc.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Housing Wire

MAY 25, 2021

Modernization will either take root and flourish throughout every branch of the mortgage industry, or our industry could miss a critical window to introduce meaningful reforms. In 2020, the use of “blind” appraisal waivers reached staggering, record highs. Poor data visibility.

Appraisal 367

Appraisal Valuation Real Estate Modernization 367

Housing Wire

AUGUST 2, 2021

Snapdocs has emerged as the digital infrastructure that connects the mortgage closing ecosystem in order to orchestrate perfect digital closings at scale. It enables lenders to connect with all parties and technologies involved in a mortgage transaction to complete the entire closing process online.

Modernization 383

Modernization Technology Mortgage Design 383

Appraiserblogs

JUNE 17, 2022

Their Equitable Housing Finance Plan for 2022-2024 outlines a range of pilot programs that remove barriers blacks face when buying or renting, and keeping homeowners and renters at home: Valuation Modernization aims to support an equitable appraisal process for Black households and communities of color Expand Appraiser.

Modernization 26

Modernization Valuation Appraisal Process Appraisal 26

Housing Wire

MAY 5, 2021

Las Vegas-based builder Kavison Homes has struck up a joint-venture with mortgage lender New American Funding on a new luxury community in Downtown Las Vegas, The Pines in John South Park. Our floor plans and elevations will uniquely feature a modern and sleek look but will still maintain a similar feel to what was built in the 1960s.”.

Modernization 232

Modernization Realty Real Estate Housing Market 232

Appraisal Buzz

NOVEMBER 3, 2021

As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution. The CRN Standards Committee, chaired by Elizabeth Green, Chief Product Solutions and Data Officer for LoanLogics, is working to provide a resource to the residential mortgage lending industry.

Valuation 370

Valuation Development Technology Appraisal 370