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. mortgage rate at the end of August. “At At closing, my client will get $10,000 of cash up-front.

Mortgage 470

Mortgage Clients Lending Home Improvement 470

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 477

Mortgage Clients Real Estate Technology 477

Housing Wire

AUGUST 2, 2021

The 2021 Women of Influence winners represent 100 of the most influential women in leadership in the housing economy. More than just breaking records in the housing finance space, the HousingWire 2021 Women of Influence are shattering glass ceilings and leaving a legacy for years to come. Freedom Mortgage. Mortgage Connect.

Insurance 393

Insurance Lending Realty Finance 393

Housing Wire

MARCH 4, 2024

Three Bayview Asset Management -owned mortgage servicers are seeking to halt a plaintiff’s filing in a data breach lawsuit, citing an overabundance of confidential information shared about the incident, National Mortgage News first reported. and Fairway Independent Mortgage Corp. The objection, filed on Feb.

Mortgage 339

Mortgage Clients Development Legal 339

Housing Wire

MARCH 18, 2024

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.

Advertising 315

Advertising Mortgage Business Clients 315

Housing Wire

FEBRUARY 25, 2022

Nonbank mortgage lender and servicer Ocwen Financial Corporation improved its performance in 2021, despite a deterioration in its earnings during the last three months of the year. The company reported on Friday a $18 million profit in 2021. billion in 2021. Ocwen posted a net loss of $40 million in 2020.

Mortgage 283

Mortgage Clients Marketing 283

Housing Wire

MAY 10, 2024

The Consumer Financial Protection Bureau (CFPB) and Freedom Mortgage were handed minor setbacks by the presiding and magistrate judges, respectively, in a case that the regulator brought in widespread violations in its 2020 submission of Home Mortgage Disclosure Act (HMDA) data. The original case was filed in the U.S.

Mortgage 309

Mortgage Law Clients Development 309

Housing Wire

JANUARY 25, 2023

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. It generally takes about 20 to 45 days for a buyer to receive a mortgage commitment letter depending on all the conditions being met.

Mortgage 358

Mortgage Clients Finance Buyers 358

Housing Wire

MARCH 17, 2023

a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. 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.

Mortgage 311

Mortgage Clients Technology Development 311

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

FEBRUARY 17, 2021

For those of us who have been in the mortgage industry for any length of time, we understand the complexities surrounding guidelines, the importance of staying up to date on key changes within the industry and how our communication to both our clients and partners is imperative in order to build and maintain relationships.

Tools 457

Tools Lending Modernization Mortgage 457

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 401

Business Mortgage Loan Officers Inventory 401

Housing Wire

FEBRUARY 28, 2021

Sales Boomerang solve this problem by helping banks, credit unions and independent mortgage lenders build lasting, profitable relationships with their borrowers. 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 328

Clients Home Value Design Tools 328

Housing Wire

MARCH 31, 2021

Last year’s record-low mortgage rates dipped as low as 2.65% on 30-year fixed-rate loans and ignited an origination boom that had lenders scrambling to manage the high demand. MBA’s spring 2021 market forecast predicts a record-breaking year, with purchase origination reaching $1.57

Marketing 373

Marketing Clients Training Technology 373

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

Mortgage 389

Mortgage Buyers Agents Real Estate Agent 389

Housing Wire

JUNE 27, 2023

billion in unauthorized mortgage payments from nearly 500,000 homeowners serviced by Mr. Cooper two years ago. The case began in 2021 when the CFPB said it was looking into a situation with Mr. Cooper for making unauthorized withdrawals from borrower accounts during a weekend. In total, ACI initiated around 1.4 million ACH withdrawals.

Mortgage 360

Mortgage Clients 360

Housing Wire

SEPTEMBER 24, 2021

For the third year in a row, the Tech Trendsetters award program recognizes the people who drive innovation for their mortgage and real estate clients. Honorees include product and technology leaders from across the industry who have played an integral role in bringing innovative solutions to market for housing industry clients.

Clients 247

Clients Technology Real Estate Mortgage 247

Housing Wire

FEBRUARY 22, 2023

Leading property data and analytics company CoreLogic has acquired Roostify , a digital mortgage technology provider. In its statement, CoreLogic said integrating Roostify ‘s mortgage platform into its own network of data assets and workflow platforms would reduce errors and help streamline the mortgage process.

Mortgage 326

Mortgage Loan Conditions Technology Lending 326

Housing Wire

MARCH 25, 2021

The HW Marketing Leaders make up the best and brightest minds in marketing within mortgage lending, servicing and real estate. The new award program was inspired by marketing execs like Sarah DeCiantis , CMO at United Wholesale Mortgage (UWM) , who, alongside her team, worked to meet clients where they needed her most.

Real Estate Agent 310

Real Estate Agent Clients Tools Real Estate 310

Housing Wire

FEBRUARY 14, 2024

The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. Moody’s also downgraded NYCB subsidiary Flagstar Bank , through which the bank originates residential mortgages.

Mortgage 369

Mortgage Real Estate Insurance Tenants 369

Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country.

Clients 332

Clients Real Estate Agent Technology Loan Officers 332

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 431

Mortgage Loan Officers Finance Buyers 431

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. These mortgages allegedly represent a balance of $124,011.37

Mortgage 285

Mortgage Legal Advertising Loan Officers 285

Housing Wire

JANUARY 5, 2021

The Federal Housing Finance Agency published the 2021 plans for Fannie Mae and Freddie Mac to serve the most vulnerable communities through their Duty to Serve plans. How the mortgage industry is working together to make housing more affordable. To read Freddie Mac’s plan in full, click here.

Finance 386

Finance Development Investing Mortgage 386

Housing Wire

NOVEMBER 23, 2021

In June 2021, the Massachusetts-based LO said he had eclipsed the $1 billion mark, breaking his own record from 2020, a year in which LOs across the country took advantage of the historic refi boom. And Thuan Nguyen, who leads tech-forward mortgage brokerage LoanFactory , cleared $2 billion in 2020 across 5,200 loans.

Loan Officers 283

Loan Officers Brokerage Retail Clients 283

Housing Wire

JUNE 17, 2021

In light of that, HousingWire sat down with Peter Paglia, Chief Strategy Officer at HomeBinder, to discuss how to create a “Client for Life” in this environment. HousingWire: As the refi boom simmers down, why should lenders focus on creating clients for life? HW: How does HomeBinder help lenders establish Clients for Life?

Clients 275

Clients Real Estate Agent Marketing Real Estate 275

Housing Wire

APRIL 22, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Cooper Group for $422 million in March 2021.

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

JANUARY 6, 2022

Rocket Companies announced this week that its CEO Jay Farner has stepped away from his role as Rocket Mortgage CEO, to assume the role of CEO of Rocket Central , the mortgage company’s fintech platform. Bob Walters, COO of both Rocket Companies and Rocket Mortgage, has stepped into the role as CEO of Rocket Mortgage.

Mortgage 362

Mortgage Clients Technology Business 362

Housing Wire

JULY 11, 2022

Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). He then spent 18 years at TCS, where he focused on solution architecture, operational delivery and entity transformation for most of the top-40 mortgage lenders and the largest vendors.

Mortgage 303

Mortgage Architecture Technology Clients 303

Housing Wire

SEPTEMBER 9, 2021

For the third year, Tech Trendsetters is honoring the individuals behind the technology that is driving mortgage and real estate. Wyndham Capital Mortgage CEO, Jeff Douglas , has driven the company’s investment in robotics, bringing it into the forefront of efficiency, speed and growth. appeared first on HousingWire.

Architecture 252

Architecture Technology Construction Real Estate 252

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. Desmond Smith: There are two ways to get a mortgage — wholesale or retail.

Mortgage 342

Mortgage Retail Lending Loan Officers 342

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

Technology 336

Technology Mortgage Clients Lending 336

Housing Wire

SEPTEMBER 1, 2021

United Wholesale Mortgage. First Guaranty Mortgage Corporation. First American Mortgage Solutions. DHI Mortgage Company. American Mortgage Network. First Community Mortgage. Freedom Mortgage. Academy Mortgage Corporation. Paramount Residential Mortgage Group Inc. First Option Mortgage.

Technology 295

Technology Human Resources Finance Retail 295

Housing Wire

SEPTEMBER 26, 2023

Mortgage servicer Nationstar , doing business as Mr. Cooper , has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago. district court in Texas on Sept. In total, ACI initiated around 1.4

Mortgage 316

Mortgage Legal Fees Legal Contracts 316

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 280

Mortgage Real Estate Agent Real Estate Renovations 280

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. According to its earnings report, UWM originated $38.8

Mortgage 299

Mortgage Real Estate Agent Real Estate Clients 299

Housing Wire

NOVEMBER 9, 2020

As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses. You want to maintain that ‘good feeling’ with your clients.

Technology 461

Technology Lending Real Estate Business 461