Housing Wire

MARCH 23, 2021

The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations.

Lending 417

Lending Mortgage Sellers Technology 417

Appraisal Buzz

OCTOBER 4, 2021

The research is based on 12 million appraisals for purchase transactions submitted to Freddie Mac between 2015 and 2020 through the Uniform Collateral Data Portal. “An We’re uniquely positioned to investigate potential gaps and provide data-driven research like this to advance solutions that promote equity across the valuation process.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

JANUARY 15, 2021

WFG reports its highest volume months ever during Q2 and Q3 of 2020. The MSR valuation rose 12% over the prior quarter. The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. Presented by: WFG. billion in loans serviced in Q4 2019.

Lending 264

Lending Retail Valuation Mortgage 264

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. Caliber is also among the 10 biggest GSE sellers, at nearly $34 billion in mortgages through August 2020.

Valuation 342

Valuation Retail Mortgage Inventory 342

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 In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2 billion in mortgages.

Mortgage 502

Mortgage Architecture Lending Technology 502

Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. The company said it saw a consumer increase of 700% in 2020 and was used in about 20% of all real estate transactions in the country, representing more than $60 billion in mortgage value.

Mortgage 329

Mortgage Technology Lending Valuation 329

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.). One of the updates to the program is enhanced value determinations, which will now “use a sales comparison approach” and allow for qualified FHA roster appraisers to perform valuations, the FHA said.

Finance 442

Finance Valuation Insurance Lending 442

Housing Wire

APRIL 20, 2021

With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform. ICE, which acquired Ellie Mae for $11 billion in 2020, has been a serious player in the mortgage tech space over the last five years — particularly with M&A.

Mortgage 326

Mortgage Valuation Technology Lending 326

Housing Wire

NOVEMBER 3, 2020

As the premier provider of software, data and analytics solutions to the mortgage and capital markets industries, Black Knight further strengthened its position as a market leader with the acquisition of Optimal Blue in September 2020. Support strategic decisions with risk management and MSR valuation solutions.

Valuation 367

Valuation Tools Clients Mortgage 367

Appraisal Buzz

NOVEMBER 3, 2021

Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. 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

Housing Wire

AUGUST 26, 2021

Stewart has been on an acquisition tear in the past 18 months, closing deals to acquire over a dozen companies — including Cloudvirga , NotaryCam , Pro Tek Valuation Intelligence , United States Appraisals , and A.S.K. In late 2020, Stewart acquired a significant number of Western U.S. per diluted share, for the second quarter 2020.

Real Estate 391

Real Estate Valuation Investing Tools 391

Housing Wire

NOVEMBER 29, 2022

in 2020 and 2021, up from 78.4% “Despite decades of government intervention and the growth of high-priced consultancies devoted to fair lending practices, there is clearly much work to be done,” said FairPlay CEO and report co-author Kareem Saleh. . in 2021 from 1990. AIR for Black homebuyers rose modestly to 84.4%

Lending 356

Lending Government Mortgage Valuation 356

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 374

Insurance Lending Real Estate Agent Valuation 374

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. RENO, Nev. — Clario Appraisal Network, Inc.,

Appraisal 370

Appraisal Valuation Training Real Estate 370

Housing Wire

MAY 25, 2021

Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions.”. million reported – up from the $78.6

Mortgage 403

Mortgage Valuation Loan Officers Retail 403

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. Elsewhere in mortgage comings and goings, Chris Boyle has been named president of home lending at Roostify , bringing extensive experience in the mortgage lending ecosystem to the position.

Lending 260

Lending Valuation Technology Clients 260

Housing Wire

JUNE 16, 2022

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 Later that year, the firm acquired digital mortgage lending startup Eave to get into mortgage lending.

Brokerage 317

Brokerage Real Estate Lending Clients 317

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. 1, 2020, according to data from Recursion Companies. Finance of America operates through retail, wholesale and correspondent channels. It has sent $16.2

Finance 478

Finance Lending Retail Investing 478

Housing Wire

JULY 29, 2021

How fine-tuning MSR valuations can help lenders improve decision-making. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. Since March 2020, the Fed’s asset purchases have been split between $80 billion of U.S.

Mortgage 414

Mortgage Valuation Investors Housing Market 414

Housing Wire

OCTOBER 13, 2020

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

Business 392

Business Mortgage Retail Investors 392

Housing Wire

APRIL 21, 2021

In the 30-minute question-and-answer session with Kristy Fercho, MBA’s chair-elect and executive vice president and head of home lending at Wells Fargo , Calabria said his expectations are that by mid-summer, the FHFA would end the flexibilities on collateral valuations unless circumstances force another extension.

Real Estate Agent 393

Real Estate Agent Valuation Appraisal Modernization 393

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 218

Finance Lending Retail Business 218

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? Understanding what drives interest rates should be of utmost importance to an appraiser that is doing predominately lending work.

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

JUNE 14, 2021

“The migration towards digital mortgages is progressing quickly, and we’re happy to have provided ICE with capabilities to enable fully-paperless lending workflows along with better supply chain connectivity.” ” In the past year, DocMagic has made headlines in the digital closing space.

Technology 369

Technology Supply Chain Training Valuation 369

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 363

Clients Valuation Technology Inspection 363

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. But Mayopoulos has also stated that virtually “every aspect of mortgage lending can be improved through digitization.”. million and $96.0 million and $74.6

Technology 376

Technology Mortgage Valuation Insurance 376

Housing Wire

SEPTEMBER 14, 2021

Entrepreneurial brokers have been driving an increasing share of mortgage lending, and Black Knight is committed to serving that community and further enabling their growth,” Rich Gagliano, president of Black Knight Origination Technologies, said in a statement. And in July 2020, the company paid $1.8 The company went public at a $4.6

Technology 265

Technology Design Lending Valuation 265

Housing Wire

APRIL 16, 2021

billion valuation. The company, led by CEO Nima Ghamsari and President Tim Mayopoulos, said it had a record year in 2020 – more than 300 consumer banks use its technology to process more than $4 billion of mortgages and other consumer loans per day. trillion in mortgages and other loans in 2020, Blend said.

Valuation 253

Valuation Technology Lending Mortgage 253

Housing Wire

NOVEMBER 17, 2022

But, to date, it’s not been altered,” said Michael Carnes, managing director of the MSR Valuation Group at the Mortgage Industry Advisory Corporation (MIAC). This is predominantly for the 2020 and 2021 origination, as we are still not seeing a significant amount of the 6% product trading.” “What was a 5.5

Marketing 370

Marketing Lending Mortgage Valuation 370

Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy.

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Simonson Real Estate

JANUARY 23, 2020

I attended the 2020 Minneapolis/St. Paul Commercial Real Estate Valuation and Appraisal Forecast Summit held at the Golden Valley Country Club on Friday, January 17, 2020. Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors. Even seeing spec new office.

Real Estate 78

Real Estate Tenants Retail Valuation 78

Housing Wire

MARCH 4, 2021

How hybrid title and valuations help increase lending efficiency. This is the first acquisition of 2021 for Stewart after it acquired NotaryCam and five other companies in 2020, expanding its workforce by more than 600 employees. Streamline by combining services. Presented by: Altisource.

Valuation 315

Valuation Lending Sellers Technology 315

Housing Wire

APRIL 2, 2021

Like virtually all mortgage lenders, FOA posted record profits and originations in 2020. billion in 2020 from $19.16 The valuation at the time of the IPO is expected to be $1.9 According to Inside Mortgage Finance, FOA was the 26th largest mortgage originator by volume in 2020. billion in 2019.

Finance 266

Finance Renovations Investors Retail 266

Housing Wire

JANUARY 8, 2021

In its S-1, Homepoint revealed incredible growth over the past year, driven by low interest rates that have made many executives in the industry rich in 2020. It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1. in the first nine months of 2020, down from 3.2x

Retail 404

Retail Valuation Mortgage Investing 404

Housing Wire

JUNE 6, 2022

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. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 412

Mortgage Loan Officers Lending Human Resources 412

Housing Wire

JULY 14, 2022

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. JPMorgan ’s home lending net revenue reached $1 billion in the second quarter, down from $1.3 On the bright side: “The consumer right now is in great shape.

Mortgage 380

Mortgage Retail Valuation Lending 380

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Inventory levels have an impact on property valuation, at least in the short term. This month’s supply measurement remains 0.9

Appraisal 370

Appraisal Marketing Real Estate Inventory 370