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 415

Mortgage Lending Technology Insurance 415

Housing Wire

MARCH 17, 2023

Candor Technology Inc. , The company debuted in August 2020 with a mission to automate much of the underwriting process when making income, asset and lending decisions. According to the firm, clients of Candor shave about 14 to 19 days from cycle time, as the technology eliminates queuing. In August 2021, Candor raised $12.5

Mortgage 366

Mortgage Clients Technology Development 366

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 481

Mortgage Clients Real Estate Technology 481

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 386

Housing Market Mortgage Marketing Real Estate 386

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 373

Brokerage Lending Realty Agents 373

Housing Wire

DECEMBER 1, 2022

Sales Boomerang and Mortgage Coach announced an API integration between Mortgage Coach and SaaS technology provider Polly on Thursday. 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.

Mortgage 406

Mortgage Technology Investing Design 406

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 375

Lending Government Law Insurance 375

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

Modernization 366

Modernization Mortgage Lending Investors 366

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 416

Housing Market Marketing Contracts Finance 416

Housing Wire

SEPTEMBER 21, 2021

While the rise of digital technology has permanently shifted the world of lending, many borrowers still look for a human-touch experience to help create trust and transparency throughout the lending process. “A Bridge the divide of what can be done by technology and what should remain a human process.

Technology 337

Technology Lending Clients Insurance 337

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. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. .

Insurance 383

Insurance Investors Technology Real Estate Agent 383

Housing Wire

MARCH 31, 2022

WFG National Title Insurance Company (WFG) is a wholly owned subsidiary of Williston Financial Group and a national title insurance underwriter dedicated to taking time and cost out of real estate transactions. This ongoing engagement is an example of WFG’s foundational pledge to “Communicate, Collaborate, Coexist.”

Real Estate 387

Real Estate Human Resources Technology Clients 387

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. HW: How have you seen technology impacted by COVID-19? Seeing a better way, Allied has revolutionized mortgage tracking.

Insurance 342

Insurance Lending Modernization Clients 342

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 393

Insurance Investing Inventory Business 393

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Formerly known as Arcus Lending , InstaMortgage originated about $800 million in volume last year and All Cal notched about $300 million in origination volume in 2021.

Retail 419

Retail Loan Officers Brokerage Technology 419

Housing Wire

FEBRUARY 4, 2021

The deal is expected to close in the second quarter of 2021 subject to shareholder approval, regulatory approvals and other customary closing conditions. Stone Point is a financial services-focused private equity firm with stakes in companies such as Long Wolf Technologies and Homepoint. Sign up here.

Legal 453

Legal Investors Lending Finance 453

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. billion in loan volume between June 2020 and June 2021. The originations went from $14.1

Mortgage 355

Mortgage Investors Investing Technology 355

Housing Wire

MAY 23, 2022

Hogle has more than 20 years of experience, including about 15 years with Supreme Lending. The shift to a purchase market makes effective digital marketing even more important, and collaborative marketing technology can generate more demand while reducing time spent on marketing.

Mortgage 394

Mortgage Retail Insurance Development 394

Housing Wire

JULY 27, 2021

trillion in origination volume and a continuation of tight lending spreads. Then, by late Q1/early Q2 2021, pricing wars were erupting in various channels, margins were falling (rapidly), and the industry was getting ready for a decrease in lending activity in the back half of the year. We got the exact opposite.

Mortgage 383

Mortgage Technology Lending Clients 383

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

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 73

Real Estate Lending Human Resources Insurance 73

Housing Wire

JULY 19, 2022

billion in 2021, up from $0.4 The FHFA this week launched a new Office of Financial Technology, which it said will be the main point of contact for fintech matters. The FHFA this week launched a new Office of Financial Technology, which it said will be the main point of contact for fintech matters.

Mortgage 382

Mortgage Finance Technology Legal 382

Housing Wire

JULY 6, 2021

billion following a Series G funding round from Tiger Global Management and others in January 2021. Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. .” After filing confidentially for its listing in April, Blend was last valued at $3.3

Technology 383

Technology Mortgage Valuation Insurance 383

Housing Wire

MAY 27, 2022

The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance. In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”.

Law 417

Law Legal Valuation Government 417

Housing Wire

MAY 26, 2021

Technology for navigating secondary market challenges. AmeriHome purchased approximately $65 billion in conventional conforming and government-insured originations in 2020. Texas Capital’s correspondent lending business originated approximately $2.4 The transaction is expected to close in the second quarter of this year.

Lending 395

Lending Mortgage Insurance Government 395

Housing Wire

AUGUST 24, 2023

The deal with Aurora was announced in May 2021, when historically low-interest rates boosted a SPAC mania in the U.S. In an interview with HousingWire , Garg said the company has shifted its strategy ahead of its IPO—Better plans to be a mortgage marketplace that sells its technology platform to other companies. “Our

Insurance 370

Insurance Mortgage Realtors Business 370

Housing Wire

AUGUST 19, 2021

million operational loss for the second quarter of 2021, its first as a publicly traded company. Blend’s white-label technology is what powers mortgage applications on the websites of traditional banks such as Wells Fargo and U.S. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm.

Insurance 370

Insurance Retail Clients Technology 370

Housing Wire

MARCH 29, 2022

Figure Technologies co-founder and CEO Mike Cagney. The plan was for Figure Technologies to launch such a product only after completing the merger with multichannel mortgage lender Homebridge Financial Services. Although interest in blockchain is gaining steam in mortgage, it is still very much a nascent technology.

Mortgage 383

Mortgage Technology Architecture Insurance 383

Housing Wire

APRIL 16, 2021

Blend, which was named as one of HousingWire’s 2021 Tech 100 winners, has steadily grown to be a powerhouse in the mortgage tech industry. Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. In all, its technology platforms saw $1.4

Valuation 297

Valuation Technology Lending Mortgage 297

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 417

Mortgage Loan Officers Lending Human Resources 417

Housing Wire

APRIL 29, 2021

Despite 2020’s pause in originations and securitizations, the 2021 outlook for non-QM lending is promising. Investors are returning to the space with more confidence, and new investors like private equities and insurance companies are showing interest. billion in total securitizations – only a 33% decrease from its 2019 high.

Lending 367

Lending Investors Insurance Marketing 367

Housing Wire

AUGUST 26, 2021

It claims to have more than 3,000 customers in lending and real estate. Stewart continues to invest in the creation of an end-to-end, customer-focused real estate services and technology platform,” Stewart CEO Fred Eppinger said in a statement. “By per diluted share, in the first quarter of 2021, and up from $34.1

Real Estate 395

Real Estate Valuation Investing Tools 395

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential. Six months after raising $3.5

Mortgage 381

Mortgage Investors Retail Investing 381

Housing Wire

JUNE 23, 2021

from April 2020 to April 2021, with the median home price surging by more than $20,000. According to first quarter 2021 Census data , homeownership rates for Black and Hispanic Americans—45% and 49%, respectively—remain significantly lower than the White homeownership rate of 74%. .

Housing Market 417

Housing Market Marketing Construction Insurance 417

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. As of Sept. As of Sept. The second area we have been focused on is commercial real estate.

Mortgage 369

Mortgage Real Estate Investing Technology 369

Housing Wire

JUNE 11, 2021

A recent Mortgage Bankers Association forecast predicted that purchase originations in 2021 will grow 16.4% And there’s one lending partner that has the solutions and resources to give LOs just that. This streamlines the lending process by opening the door to faster approvals, easier applications and only one appraisal. “We

Appraisal 355

Appraisal Clients Insurance Lending 355

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. Aslan Home Lending Corporation.

Insurance 395

Insurance Lending Realty Finance 395