Housing Wire

FEBRUARY 28, 2021

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin.

Clients 384

Clients Home Value Design Tools 384

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. The most obvious argument against a totally digital lending approach—and the one that requires the least amount of rationale—is that customers don’t want it.

Lending 367

Lending Marketing Technology Contracts 367

Housing Wire

NOVEMBER 9, 2020

In an online event on Monday, Qualia and its partners discussed the ever-changing world of technology in real estate, mortgage, and title lending and what lies ahead in 2021. We’re really trying to make all title lending folks stay engaged with customers – through technology – the best that they can,” Tomb said.

Technology 485

Technology Lending Real Estate Business 485

Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Eric Levin is EVP of Client Development at Model Match.

Mortgage 512

Mortgage Inventory Real Estate Technology 512

Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Founded in 2018, Stavvy works to increase efficiency and transparency in real estate and mortgage lending.

Technology 420

Technology Real Estate Lending Design 420

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 409

Loan Officers Technology Lending Tools 409

Housing Wire

APRIL 23, 2024

CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending. In 2021, he joined OriginPoint , a joint venture between Guaranteed Rate and leading real estate brokerage Compass.

Loan Officers 421

Loan Officers Real Estate Brokerage Business 421

Housing Wire

NOVEMBER 14, 2023

CoreLogic will manage real estate tax processing operations services for Wells Fargo Home Lending customers and oversee tax customer service via its Digital Tax Portal in order to drive payment accuracy, CoreLogic said in a news release. mortgages are serviced by CoreLogic tax solutions, the company’s website shows.

Real Estate 436

Real Estate Property Taxes Tools Property Management 436

Housing Wire

APRIL 23, 2024

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. Each year, Rocket employees participate in 65 million calls with clients, including 3.1

Tools 415

Tools Clients Investing Finance 415

Housing Wire

JANUARY 18, 2022

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. According to Milo’s press release , clients who use the company’s services can pledge their Bitcoin to purchase a property. If a client qualifies, they will receive a low interest rate 30-year crypto mortgage, the company said.

Mortgage 485

Mortgage Clients Real Estate Technology 485

Housing Wire

DECEMBER 12, 2022

The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. of the total first-line originations in the fourth quarter of 2021 to 27.9% from January to September, compared to the same period in 2021.

Marketing 397

Marketing Lending Retail Clients 397

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Real Estate 369

Real Estate Lending Technology Investing 369

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. In 2021, more than $1.2 mortgage rate at the end of August. “At

Mortgage 479

Mortgage Clients Lending Home Improvement 479

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

SEPTEMBER 15, 2020

HousingWire reached out to Crisenbery to discuss how COVID-19 has driven technology resources into the housing industry and what’s to come as we enter 2021. Andy Crisenbery : COVID-19 has had a profound effect on almost all business lines in the real estate and lending markets. A great example is remote online notarization.

Technology 464

Technology Lending Tools Clients 464

Housing Wire

MARCH 17, 2023

Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response. Future development projects will follow this collaborative approach with our clients and strategic partners. In August 2021, Candor raised $12.5

Mortgage 369

Mortgage Clients Technology Development 369

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. in 2021 to $433 billion. billion in home improvement projects.

Renovations 415

Renovations Home Improvement Marketing Finance 415

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. billion in volume in 2022, a decline of more than 50% from its 2021 production of $30.5 The lender originated $14.9

Tenants 383

Tenants Loan Officers Finance Clients 383

Housing Wire

FEBRUARY 2, 2023

In turn, the mortgage service company plans to capitalize on cross-selling products to clients, large home lending banks investing in their legacy infrastructure and increasing sales to new mortgage shops in 2023. “We The latest quarterly revenue was also 28% below the $346 million generated during the fourth quarter of 2021.

Technology 384

Technology Mortgage Clients Lending 384

Housing Wire

JULY 11, 2022

“We intend to change how lending is going to be done fundamentally – behavior, market dynamics, products,” Kumar said. ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans. LendArch has over 30 clients, including lenders and broker firms.

Mortgage 368

Mortgage Architecture Technology Clients 368

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. market,” KBRA’s announcement of the deal states.

Lending 370

Lending Finance Investors Clients 370

Housing Wire

FEBRUARY 22, 2023

“By integrating Roostify’s digital mortgage technology platform with CoreLogic’s robust data, analytics and workflow solutions, clients will gain critical information about borrowers and properties at the beginning of the loan process, saving both time and money,” CoreLogic said in a statement on Wednesday.

Mortgage 384

Mortgage Loan Conditions Technology Lending 384

Housing Wire

AUGUST 9, 2021

While the non-QM market took a hit during the early part of the pandemic, these loans are making a comeback and are expected to continue to grow in 2021. HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? We can save the deal for our clients and the borrower.

Investors 410

Investors Clients Lending Real Estate 410

Housing Wire

APRIL 8, 2022

Anthony combines a strong understanding of the business opportunities for mortgage brokers with a dedicated focus on education and client support,” John Keratsis, president and CEO of Deephaven Mortgage, said in a statement. It returned in early 2021 and issued a $146 million security, its first issuance since it shut down.

Lending 384

Lending Mortgage Business Clients 384

Housing Wire

MARCH 9, 2022

IDS, founded in 1986 and based in Draper, Utah, employs roughly 75 people and has over 450 clients, including U.S. What are the building blocks of digital lending? In late 2020, Wolters Kluwer GRC acquired cloud-based digital lending software firm eOriginal for about $280 million. mortgage lenders, banks and law firms.

Lending 382

Lending Government Law Insurance 382

Housing Wire

SEPTEMBER 25, 2023

. “Our partnership will enable clients to seamlessly analyze their market position and support effective margin decisions without leaving their pricing engine. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

Technology 383

Technology Insurance Mortgage Lending 383

Housing Wire

JANUARY 26, 2022

The prior two Series A funding rounds undertaken in April 2019 and March 2021 raised a total of $20 million, according to the deal-tracking service Crunchbase. Building the next generation of tech: Three ways to digitize home lending. It operates more than 650 branches nationwide and employs some 4,000 people.

Modernization 369

Modernization Mortgage Lending Investors 369

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. “Anybody who’s been on long enough realizes that putting out educational content is the best form of nurturing through the beginning of that lifecycle of a client.”

Loan Officers 428

Loan Officers Tools Business Clients 428

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. HW: Where would you advise clients and colleagues to focus their technology resources as we navigate the second half of 2020 and prepare for 2021?

Business 410

Business Lending Technology Clients 410

Housing Wire

NOVEMBER 8, 2021

The total servicing portfolio increased 38% between the third quarter of 2020 and 2021, to $248 billion in total. Reverse origination, however, went from $230 million in the third quarter of 2020 to $428 million in the same period of 2021. Origination volume grew 61% year-over-year to $667 million in the third quarter.

Lending 368

Lending Sellers Business Clients 368

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. ” While at Guaranteed Rate, Patel and his team closed more than 250 loans in 2022 and increased the purchase volume by 20% from 2021. “I’m

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

MAY 3, 2024

The biggest year of mortgage production , from 2021-2022, generated $4.5 Cost to originate But providing the right lending products is only one factor in succeeding in this market. Turns out that some pandemic-era workarounds got engrained into lending processes, Deitch said, and then inertia set in.

Technology 251

Technology Lending Mortgage Investing 251

Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. The main cost reduction target is Title365 , a business acquired from Mr. Cooper Group for $422 million in March 2021. ” In 2021, Blend processed more than 1.8

Mortgage 397

Mortgage Marketing Human Resources Clients 397

Housing Wire

DECEMBER 11, 2020

The recent string of executive-level hires is part of a company focus to prepare for growth through the end of this year and into 2021. Johnson joins the executive team from global finance company MSCI , where he served as managing director and president of InvestorForce.

Lending 393

Lending Legal Clients Development 393

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. The new rule is slated to be implemented on Oct.

Lending 403

Lending Loan Officers Real Estate Mortgage 403

Housing Wire

MARCH 17, 2021

“Offering customizable solutions for all our clients is key to this effort, regardless of their size. This focus is quite different from other providers in our space, who typically restrict that benefit to their largest-volume clients.” ” Pre-foreclosure sales are a promising alternative to foreclosures – here’s why.

Real Estate Agent 370

Real Estate Agent Clients Insurance Real Estate 370