Housing Wire

DECEMBER 29, 2021

One of our big goals at Blueprint Title is to shrink the title insurance business from an $18 billion business to a $10 billion business,” Berneman, the company co-founder and CEO. “We share of the market controlled by small, independent title insurance companies. of the market, should be too concerned about the rise of the little guy.

Insurance 397

Insurance Real Estate Technology Business 397

Housing Wire

JUNE 8, 2021

The award recognizes housing professionals in residential mortgage lending, servicing, investments, real estate and fintech who are problem solvers, driving their companies forward every day. The post The 2021 HW Insiders Nominations are now open! Last year’s list of nominees was nothing short of impressive.

Real Estate 311

Real Estate Development Insurance Government 311

Housing Wire

MARCH 20, 2023

from the Federal Deposit Insurance Corporation (FDIC). It says the transaction adds new verticals, including middle market specialty finance, healthcare lending and SBA lending. billion deal to acquire Flagstar Bank in April 2021, a transaction completed in December 2022. Flagstar Bank , a top-20 U.S. billion.

Lending 370

Lending Insurance Real Estate Finance 370

Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. jump from the same period in 2021. uptick from the third quarter and a 40% increase from December 31, 2021.

Business 421

Business Mortgage Lending Insurance 421

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 370

Real Estate Lending Technology Investing 370

Housing Wire

SEPTEMBER 25, 2023

These benefits will allow users to establish proactive margin management processes and remain competitive in any market environment,” Brandonn Dukes, EVP of real estate and consumer lending at Curinos, said in a statement. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

Technology 404

Technology Insurance Mortgage Lending 404

Housing Wire

NOVEMBER 3, 2021

For the sixth straight quarter , eXp World Holdings , the parent company of eXp Realty , reported record breaking revenue, according to the company’s earnings report for the third quarter of 2021, released Wednesday. Year-over-year the number of agents and brokers increased 82% in Q3 2021 to 65,269. million, while net income was $23.8

Brokerage 384

Brokerage Lending Realty Agents 384

Housing Wire

FEBRUARY 21, 2024

This figure was down 15% year over year and 18% below the peak of 420,000 employees in July 2021, when the 30-year fixed mortgage rate averaged less than 3%. In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. But some are completely fresh to the field.

Housing Market 434

Housing Market Mortgage Marketing Real Estate 434

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgage 421

Mortgage Lending Technology Insurance 421

Housing Wire

APRIL 29, 2022

While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp. ’s million the firm recorded during the first quarter of 2021. As expected, the firm’s title insurance segment did not have the greatest quarter.

Insurance 370

Insurance Investors Housing Market Law 370

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

Business 450

Business Finance Buyers Lending 450

Housing Wire

JANUARY 18, 2022

“As a direct lender that is already licensed, audited, and insured, Milo is able to stand behind its commitment to lend its clients,” Milo said. Other lenders have also made a bet that cryptocurrency will be integrated into the lending space, despite ongoing fears of volatility with digital currencies.

Mortgage 485

Mortgage Clients Real Estate Technology 485

Housing Wire

MARCH 9, 2022

banks, lenders, credit unions, insurers and securities firms. 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. In 2021, Wolters Kluwer reported annual revenues of €4.8 Presented by: Wolters Kluwer.

Lending 384

Lending Government Law Insurance 384

Housing Wire

MARCH 17, 2023

The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. In August 2021, Candor raised $12.5 The company had plans to develop automated appraisals as well as title insurance processes. million in Series A funding, led by Arthur Ventures.

Mortgage 370

Mortgage Clients Technology Development 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. The space remains dominated by depository banks.

Renovations 420

Renovations Home Improvement Marketing Finance 420

Housing Wire

DECEMBER 1, 2022

In March 2021, Polly raised $15 million in Series A funding led by 8VC and in January 2022 raised an additional $37 million in a Series B funding round led by Menlo Ventures. In May this year, Polly’s mortgage SaaS technology integrated with mortgage insurance providers like Arch MI, Enact, Essent, MGIC, National MI and Radian.

Mortgage 410

Mortgage Technology Investing Design 410

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. These regulations included two changes, the first to Significant Deferred Maintenance/Special Assessments and secondly to Insurance Deductibles.

Buyers 66

Buyers Lending Insurance Mortgage 66

Housing Wire

FEBRUARY 10, 2022

The company’s total revenue for 2021 was up 30% from 2020 to a record of $9.2 At the beginning of 2021, we announced our intention to expand our title plant footprint from 500 counties to 1500 by the end of that year. billion in revenue from its title insurance and services segments, a 13% year-over-year increase. population.

Insurance 397

Insurance Investing Inventory Business 397

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July.

Retail 370

Retail Development Finance Lending 370

Housing Wire

SEPTEMBER 30, 2021

Our solution prioritizes the borrower experience and promotes a “self-cure” to insurance resolution with a multi-channel campaign that includes both digital and print touchpoints with consumers. RPA has been a necessity due to minimal in-person interactions during the pandemic in 2020 and has continued in 2021.

Insurance 368

Insurance Lending Modernization Clients 368

Housing Wire

SEPTEMBER 10, 2021

It also launched its lending division, Orchard Home Loans, in July. Its rival, Knock , shifted its focus to lending around the same time. In addition to its funding round, Orchard announced that Christa Quarles , CEO of Canadian graphics processing company Corel Corporation , will join its board of directors in October 2021.

Lending 410

Lending Insurance Investors Real Estate 410

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. in 2021, mortgage data platform Modex showed. of the total volume in 2021, its origination shifted toward purchase mortgages, which accounted for 73.1%

Real Estate 74

Real Estate Lending Human Resources Insurance 74

Housing Wire

MARCH 15, 2023

The Company still maintains fully insured custodial deposit accounts at Signature,” the document says. “We It is now controlled by the Federal Deposit Insurance Corporation (FDIC). In 2021, when the refi business was strong, loanDepot produced $137 billion in loans. But in 2022, the lender originated just $53.7

Insurance 370

Insurance Investors Real Estate Mortgage 370

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

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 370

Modernization Mortgage Lending Investors 370

Housing Wire

JULY 19, 2021

Blend’s investors are apparently convinced that the company can radically transform lending, simplifying and digitizing regimented-but-clumsy processes that are still rather paperwork-heavy. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal).

Insurance 384

Insurance Investors Technology Real Estate Agent 384

Housing Wire

MAY 23, 2022

Hogle has more than 20 years of experience, including about 15 years with Supreme Lending. Cherry Creek was among the 41 independent mortgage banks that sent a letter to the Federal Housing Administration as part of the Community Home Lenders Association urging the administration to cut mortgage insurance premiums.

Mortgage 397

Mortgage Retail Insurance Development 397

Housing Wire

AUGUST 8, 2022

Representatives for credit unions have sought the change since July 2021, when Ginnie Mae announced new proposed capital requirements. ” The change in approach exempts those two groups from capital requirements Ginnie Mae floated in 2021, drawing sharp criticism from industry stakeholders.

Finance 384

Finance Mortgage Insurance Government 384

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 382

Insurance Investors Design Finance 382

Housing Wire

MARCH 10, 2022

That’s significantly higher than 670, the average score of first-time homebuyers with an FHA-backed mortgage , or 677, the average FICO score of a Black borrower in 2021. Palim said that a fair lending analysis was outside of the scope of the research paper. A low-income credit score of 747 is an indictment,” the person said.

Property Taxes 432

Property Taxes Lending Insurance Local Properties 432

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 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

MARCH 17, 2021

WFG Title Insurance will now offer forbearance, loan modification, and foreclosure information reports as part of its general title and closing services. ” Forbearance legislation and moratoriums have all but stopped foreclosure proceedings during the pandemic and will continue until at least June 2021.

Real Estate Agent 370

Real Estate Agent Clients Insurance Real Estate 370

Housing Wire

APRIL 23, 2021

.” The Dallas-based bank, one of the country’s largest correspondent lenders, also announced that the deal would represent an exit from the correspondent lending sector. Texas Capital’s correspondent lending business originated approximately $2.4 The transaction is expected to close in the second quarter of this year.

Business 273

Business Lending Insurance Sellers 273

Housing Wire

AUGUST 17, 2022

The partnership with Palantir, co-founded by Peter Thiel, appears to be an attempt to resuscitate a company that not long ago was hailed as being at the vanguard of innovation in the digital lending space, but more recently has been exposed by a lack of reliable purchase business and a series of self-inflicted scandals.

Investors 421

Investors Brokerage Valuation Mortgage 421

Valuation Review

OCTOBER 13, 2021

Williston Financial Group (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services for commercial and residential transactions nationwide, released the findings of its 2021 survey of WFG Executive Roundtable members and other industry leaders.

Lending 78

Lending Real Estate Insurance 78

Housing Wire

MARCH 31, 2021

In March 2020, the CFPB announced it would no longer require certain lenders to report quarterly information under HMDA, however, now the agency is instructing all financial institutions to do so beginning with their 2021 first-quarter data due by May 31. How servicers can stay ahead of Biden’s potential regulatory changes.

Insurance 410

Insurance Appraisal Development Lending 410

Housing Wire

MARCH 3, 2022

Here’s how to proactively maintain fair lending. Some of the changes outlined in a June 2021 circular , which will be in effect until at least July 2023, include allowing servicers to enter a VA disaster modification with a borrower. In July 2021, the department also implemented a partial claim payment program.

Insurance 370

Insurance Lending Mortgage 370