Housing Wire

AUGUST 3, 2021

The blockchain revolution may soon be coming to mortgage lending. According to Inside Mortgage Finance, Homebridge was the 28th-largest mortgage originator in 2020, originating about $26.4 billion in mortgages. The post Figure to merge with mortgage lender Homebridge appeared first on HousingWire.

Mortgage 505

Mortgage Architecture Lending Technology 505

Housing Wire

APRIL 20, 2021

Appraisal-management tech provider AppraisalWorks is now available through the ICE Mortgage Technology Platform , the company announced Tuesday. ICE Mortgage Technology, formerly known as Ellie Mae , is a cloud-based loan origination platform provider for the mortgage industry.

Mortgage 380

Mortgage Valuation Technology Lending 380

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

Valuation 383

Valuation Loan Officers Investors Finance 383

Housing Wire

JANUARY 15, 2021

JPMorgan Chase , the nation’s largest depository bank, increased mortgage origination volume to $32.5 The Jamie Dimon-led bank increased overall mortgage origination volume primarily through its correspondent channel, according to the earnings report issued this week. billion in mortgages. Presented by: WFG.

Lending 312

Lending Retail Valuation Mortgage 312

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

Mortgage 417

Mortgage Valuation Investors Housing Market 417

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. Stewart nearly doubled its earnings in 2020, with $154.9 The company has made big investments to capitalize on the rise in wholesale lending.

Mortgage 407

Mortgage Valuation Loan Officers Retail 407

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. It originated about $36 billion in mortgages during the first half of the year, according to Inside Mortgage Finance.

Valuation 402

Valuation Retail Mortgage Inventory 402

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 417

Mortgage Loan Officers Lending Human Resources 417

Housing Wire

OCTOBER 13, 2020

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020. The bank cited runoff from its mortgage portfolio – driven by a wave of refinancings – as a reason for reducing its reserves. . billion in revenue from its home lending division in the third quarter, according to the investor presentation.

Business 395

Business Mortgage Retail Investors 395

Housing Wire

JULY 14, 2022

JPMorgan Chase leaders Thursday provided a glimpse of what’s to come as mortgage lenders begin sharing performance data for the second quarter – and it’s not pretty. So, when we go into recession, they’re entering that recession with less leverage, in far better shape, than they did in 2020,” Dimon said during a call with analysts.

Mortgage 395

Mortgage Retail Valuation Lending 395

Housing Wire

MARCH 30, 2021

Guild Mortgage now has offices in the Buckeye State. The publicly traded mortgage lender announced Tuesday that retail branches are now open in Dayton and Columbus, Ohio. Louis-based Cornerstone Mortgage in 2018, a move that added 17 offices in Missouri, Illinois and Kansas; and opened branches in Wisconsin in 2019.

Mortgage 395

Mortgage Retail Valuation Lending 395

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. It just seemed so awesome working at a company that just came public.”

Mortgage 394

Mortgage Lending Business Technology 394

Housing Wire

OCTOBER 13, 2021

billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday. Year over year, home lending at the bank rose 27.3%. Mortgage fee and related income came in at $596 million, up from the $548 million JPMorgan Chase generated in the second quarter.

Supply Chain 351

Supply Chain Mortgage Retail Valuation 351

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Pennymac is the latest mortgage lender to freeze rates for borrowers. The product does not require a property address to guarantee a mortgage rate.

Mortgage 383

Mortgage Contracts Valuation Marketing 383

Housing Wire

NOVEMBER 29, 2022

Mortgage fairness for Black and Native Americans is no better today than it was 30 years ago, according to a new mortgage fairness report. The report, issued by “fairness-as-a-service” solution firm FairPlay AI , was based on a study of more than 350 million mortgage applications from 1990 to 2021. in 2021 from 1990.

Lending 370

Lending Government Mortgage Valuation 370

Housing Wire

FEBRUARY 12, 2021

United Wholesale Mortgage has filed a motion to dismiss a lawsuit filed by three independent mortgage brokers last year whom the lender accused of “churning.” “In 2020, UWM became concerned the EPO period was not effectively curbing the potential for churning,” Miller Law Firm PC wrote on behalf of UWM.

Mortgage 305

Mortgage Brokerage Law Contracts 305

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). Additionally, the administration is expanding allowable income sources for borrowers “consistent with the criteria for income and property valuations used in real-estate mortgage financing.”

Finance 446

Finance Valuation Insurance Lending 446

Housing Wire

NOVEMBER 3, 2020

The mortgage industry is no stranger to disruption since the onset of the COVID-19 pandemic. Amid evolving market conditions, today’s mortgage lenders continue to seek new and innovative ways to leverage advanced automation—the great accelerator. Support strategic decisions with risk management and MSR valuation solutions.

Valuation 394

Valuation Tools Clients Mortgage 394

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. billion valuation. Its products include traditional mortgages, commercial real estate loans, reverse mortgages , fixed-income investing and title services. It has sent $16.2

Finance 487

Finance Lending Retail Investing 487

Housing Wire

SEPTEMBER 14, 2021

Black Knight is looking to hook mortgage brokers with a new loan origination system designed specifically for them. The mortgage tech firm said LoanCatcher is entirely cloud-based and can be used on any internet-connected device. And in July 2020, the company paid $1.8 The mortgage tech space is rapidly becoming a crowded one.

Technology 318

Technology Design Lending Valuation 318

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.

Insurance 394

Insurance Lending Real Estate Agent Valuation 394

Housing Wire

SEPTEMBER 11, 2020

Mortgage platform SimpleNexus has tapped Cathleen Schreiner Gates to become its next company president. Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. Ellie Mae was just acquired by Intercontinental Exchange in an $11 billion deal.).

Lending 279

Lending Valuation Technology Clients 279

Housing Wire

OCTOBER 13, 2020

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. from Q2 2020). behind only its Detroit rival Rocket Mortgage. billion valuation in the fourth quarter. The Detroit-based company, the largest wholesale lender in the U.S. originated $54.2

Mortgage 492

Mortgage Investors Valuation Finance 492

Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc.

Technology 394

Technology Supply Chain Training Valuation 394

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. billion valuation. trillion in mortgages and other loans in 2020, Blend said. That January round gave Blend a $3.3

Valuation 294

Valuation Technology Lending Mortgage 294

Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. With that aggregation, Optimal Blue said lenders can more efficiently price and originate mortgage products that can be sold on the secondary market.

Mortgage 368

Mortgage Investors Technology Real Estate Agent 368

Housing Wire

AUGUST 26, 2021

Stewart has acquired Informative Research , a mortgage-focused data and analytics tech company based in Houston, the companies announced on Thursday. In late 2020, Stewart acquired a significant number of Western U.S. It claims to have more than 3,000 customers in lending and real estate. And this one’s a big one.

Real Estate 395

Real Estate Valuation Investing Tools 395

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. The company pays as much as 90% of a home’s expected value for the HomeLight Trade-In product, launched in 2020. The total funding, since the startup’s launch in 2012, is about $645 million and its valuation is at roughly $1.7

Brokerage 362

Brokerage Real Estate Lending Clients 362

Housing Wire

DECEMBER 2, 2020

The lender and servicer has earned $345 million in the first three quarters of 2020, up 466% from $61 million during the same period last year. billion of it coming through its forward-lending arm. ” WFG reports its highest volume months ever during Q2 and Q3 of 2020. . billion valuation. The company funded $9.17

Finance 235

Finance Lending Retail Business 235

Housing Wire

NOVEMBER 17, 2022

Mortgage industry executives are echoing the sentiment that Ginnie Mae’s risk-based capital requirement is currently the main concern for companies holding mortgage servicing rights (MSR). This is predominantly for the 2020 and 2021 origination, as we are still not seeing a significant amount of the 6% product trading.”

Marketing 412

Marketing Lending Mortgage Valuation 412

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

APRIL 2, 2021

It’s the second large-scale mortgage lender to go public via a SPAC in 2021, after broker-based United Wholesale Mortgage began trading in late January. Like virtually all mortgage lenders, FOA posted record profits and originations in 2020. billion in 2020 from $19.16 billion in 2019.

Finance 316

Finance Renovations Investors Retail 316

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.

Technology 383

Technology Mortgage Valuation Insurance 383

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Who even knew about desktop valuations or evaluations? Answer: the appraisers that paid attention to policy changes and the inner workings of the mortgage industry. Mortgage work is driven by interest rates.

Appraisal 435

Appraisal Inspection Lending Business 435

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

OCTOBER 26, 2020

When it comes to common pain points lenders are seeing in the second half of 2020, handling high loan volumes continues to loom large. In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome.

Clients 382

Clients Valuation Technology Inspection 382

Housing Wire

FEBRUARY 17, 2022

Cook joined FOA in March 2016 as senior managing director, became president after one year and, in October 2020, was announced as CEO. I am so proud to have played a role in building this purposefully different consumer lending platform with the broadest range of products and services designed to help a diverse consumer base,” Cook said.

Finance 357

Finance Investing Valuation Mortgage 357