Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024. Census Data.

Investors 448

Investors Real Estate Lending Loan Officers 448

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. Presented by: Sagent Lending Technologies.

Technology 419

Technology Lending Investors Modernization 419

Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. We are able to essentially lend against the asset and move very quickly,” Faes said. LendInvest has more than $4.7 billion (£3.7

Finance 369

Finance Marketing Lending Inventory 369

Housing Wire

JUNE 27, 2023

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. Investors looking to support low-income families would not purchase the lender’s loans if they knew they were provided to wealthy individuals or celebrities, the lawsuit states.

Investors 368

Investors Law Insurance Lending 368

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez.

Loan Officers 406

Loan Officers Mortgage Finance Lending 406

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

MARCH 2, 2023

We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022. The lender securitized four deals in 2021. billion in origination volume in 2022, about $2.8

Mortgage 397

Mortgage Investors Development Investing 397

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

Mortgage 397

Mortgage Lending Finance Retail 397

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lending.

Loan Officers 466

Loan Officers Lending Real Estate Brokerage 466

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. In his new role, Johnson oversees the company’s operations and is tasked with the development of Offerpad’s product team.

Lending 392

Lending Legal Clients Development 392

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

FEBRUARY 10, 2022

This acquisition expands our footprint in the digital mortgage ecosystem, and we are thrilled to have them join us as we continue to develop innovative and streamlined technology solutions in the lending space.”. In January, the company also added a new director of business development. This is a developing story.

Development 383

Development Modernization Technology Mortgage 383

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? In 2021, S&P Global estimated non-QM volume reached $28.6 It’s not subprime lending. Scaling is hard.”.

Lending 384

Lending Investors Mortgage Clients 384

Housing Wire

APRIL 13, 2022

Rocket, the top lender in the country with $351 billion originated in 2021, according to Inside Mortgage Finance, has perhaps invested more than any other lender in America on mortgage tech over the last decade. We’ve made a lot of progress,” said Thomas Wind, executive vice president of consumer lending at the U.S. Bank Home Mortgage.

Mortgage 409

Mortgage Technology Development Finance 409

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Magazine’s list of the 5,000 fastest growing companies in America in 2021.

Retail 428

Retail Loan Officers Brokerage Technology 428

Housing Wire

AUGUST 30, 2022

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 410

Tools Lending Technology Valuation 410

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. ” In 2021, Blend processed more than 1.8 on April 20.

Mortgage 397

Mortgage Marketing Human Resources Clients 397

Housing Wire

MARCH 1, 2022

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 ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. Much of this volume was securitized in the 68 deals that came to market in 2021.

Marketing 393

Marketing Investors Technology Loan Officers 393

Housing Wire

MARCH 21, 2022

It included participation from existing investors Ribbit Capital , NFX and Zigg Capital. New investors Telesoft Partners and proptech VC Parker89 also participated in the round, which brings Tomo’s total funding raised to date to $110 million. The company recently raised a $70 million seed round in June 2021.

Valuation 383

Valuation Real Estate Agent Real Estate Investors 383

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . That plan is now in full motion and, if successful, will double the lender’s origination volume this year, compared to 2021 — most of it in the non-QM space.

Marketing 370

Marketing Retail Lending Mortgage 370

Housing Wire

JANUARY 22, 2021

The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare. The Ishbia family will retain 94% control of the company, which will likely eclipse 10,000 employees in 2021. ” Ishbia didn’t rule out a strategic acquisition in the future.

Mortgage 520

Mortgage Technology Investors Business 520

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

Loan Officers 450

Loan Officers Lending Mortgage Housing Market 450

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

Law 421

Law Legal Valuation Government 421

Housing Wire

JULY 6, 2023

trillion in mortgage originations in 2021. Clearly, not all these homes can be returned to the market in a cost-effective way, or face other obstacles, such as their location in higher-crime or deteriorating neighborhoods, according to Keith Lind, CEO of Acra Lending. Fannie Mae recently projected originations for 2023 at $1.59

Inventory 466

Inventory Renovations Real Estate Government 466

Housing Wire

MARCH 10, 2023

Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. Blend’s investors are betting that the firm can be much more than the tech that underpins mortgage application processing.

Insurance 384

Insurance Investors Technology Real Estate Agent 384

Housing Wire

SEPTEMBER 12, 2023

Hoff is referring to the need to retain borrowers in a competitive refi environment and to develop strategies to avoid early pay-off (EPO) penalties. Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. But it will bring with it different challenges.

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. It said it developed its own proprietary loan origination platform that applied artificial intelligence to the loan process, which allowed Interfirst to eliminate upfront fees and cut interest rates.

Mortgage 384

Mortgage Loan Officers Retail Technology 384

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. ” Just a little less vanilla. and Sprout Mortgage.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

MAY 5, 2021

And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. All told, the Detroit lending powerhouse originated $103.6 One other interesting development is the growth in its Rocket Pro Insight program, which gives real estate agents insight into their clients’ mortgage process.

Mortgage 421

Mortgage Real Estate Agent Real Estate Clients 421

Housing Wire

MAY 26, 2021

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance 366

Insurance Investors Design Finance 366

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. ” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development.

Sellers 306

Sellers Investors Valuation Finance 306

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. billion in 2021. Its parent Rocket Companies rode the wave to a stunning $9.4 And Rocket is well aware.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

JUNE 10, 2021

HousingWire: Why is non-QM so important for originators to utilize in 2021? It was projected in Q4 of 2020 that refinance volume would be cut in half in 2021 and we are definitely seeing the slowdown. Some non-QM lenders must get approval from outside investors that could result in delays.

Clients 383

Clients Business Mortgage Investors 383

Housing Wire

APRIL 8, 2021

As we enter the second quarter of 2021, it’s time for the mortgage industry to reflect on the past 12 months and think about how to plan for the same period ahead. For those that have focused on purchase lending, they will see less of a drop in total volume. Low rates are often the sign of a poor economy.

Development 421

Development Lending Mortgage Marketing 421