Appraisal Buzz

NOVEMBER 9, 2021

MGIC Investment Corporation’s principal subsidiary Mortgage Guaranty Insurance Corporation (MGIC) has announced that Sri Kadasinghanahalli joined the company on October 18, 2021 as Vice President of Systems Development. The post Kadasinghanahalli Joins Mortgage Guaranty Insurance Corporation appeared first on Appraisal Buzz.

Insurance 195

Insurance Mortgage Modernization Clients 195

Housing Wire

FEBRUARY 28, 2021

The HW Tech100 identifies and recognizes the most innovative technology companies serving the mortgage and real estate industries. The 2021 Tech100 Mortgage winners are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. The following table presents the 2021 winners.

Mortgage 417

Mortgage Technology Insurance Real Estate 417

Housing Wire

JULY 1, 2021

They were there, in the middle of everything, to make sure that brand loyalty would last well beyond 2021. This foundational first class of 2021 Marketing Leaders includes the most creative and influential marketing minds of the housing industry. Candor Technology. Arch Mortgage Insurance. ICE Mortgage Technology.

Marketing 347

Marketing Advertising Real Estate Technology 347

Housing Wire

OCTOBER 31, 2022

Third-quarter earnings season kicked off with a bang last week with three ( Stewart, First American and Old Republic ) out of the Big Four title insurers reporting their earnings on Thursday. billion and net income fell from $445 million in Q3 2021 to $2 million in Q3 2022. year over year to $968.1

Insurance 304

Insurance Marketing Investors Investing 304

Housing Wire

FEBRUARY 24, 2022

Meanwhile, Opendoor , the OG of an iBuying company with a national presence and patina of technological prowess, was upheld as doing things right. “If Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020.

Investors 424

Investors Real Estate Inventory Finance 424

Housing Wire

NOVEMBER 28, 2022

According to the report, in 2021, the Internet Crime Complaint Center (IC3) received BEC-related complaints with claimed losses exceeding $2.4 In comparison, the second highest dollar loss category reported to the IC3 in 2021 was investment fraud, with losses of approximately $1.45 According to a Q3 analysis by FundingShield, 47.9%

Training 324

Training Real Estate Technology Insurance 324

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. ow and ease of the entire closing process.

Insurance 305

Insurance Real Estate Technology Business 305

Housing Wire

JUNE 24, 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. And to help you power your business forward in 2021 and beyond we brought together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set the leaders apart. ALL EYES ON PURCHASE.

Loan Officers 282

Loan Officers Lending Finance Business 282

Housing Wire

SEPTEMBER 25, 2023

As of June, Better had 950 team members, a 91% decrease over an 18-month period from 10,400 in Q4 2021, according to its previous filing with the Securities and Exchange Commission (SEC). “For things like homeowner’s insurance, title insurance, and Realtors, we’ve now just become a marketplace.

Insurance 395

Insurance Technology Finance Mortgage 395

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

Technology 289

Technology Insurance Mortgage Lending 289

Housing Wire

JANUARY 27, 2023

The rapidly cooling housing market in 2022 was not kind to Big Four title insurer Old Republic. million in Q2 2021. million in Q2 2021. million for the full year in 2022 compared to $1.534 billion in 2021. During Q4 2022, Old Republic’s title insurance net premiums and fees generated were down to $836.4

Insurance 331

Insurance Housing Market Tools Investors 331

Inman

APRIL 30, 2024

The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021.

Insurance 118

Insurance Technology Investing Mortgage 118

Housing Wire

AUGUST 1, 2023

In line with its goal to provide clients with digital closing solutions, Stavvy formed a partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions in May.

Real Estate 314

Real Estate Lending Technology Investing 314

Housing Wire

JANUARY 15, 2021

Porch, led by CEO Matt Ehrlichman, acquired home insurance company Homeowners of America , mover marketing and data firm V12 , home inspection company Palm-Tech and roofing contractor software company iRoofing. The big acquisition is for Homeowners of America, an insurance company that operates in six states and is licensed in 31 more.

Insurance 329

Insurance Logistics Technology Inspection 329

Housing Wire

OCTOBER 27, 2020

Late last week, the Louisiana Department of Insurance issued an advisory letter on Louisiana Act No 310 , which mandates that title insurance companies have a physical location in the state in order to operate there, beginning on Jan. And mortgage lenders are improving their technology and moving more of the process online.

Insurance 423

Insurance Real Estate Business Technology 423

Housing Wire

FEBRUARY 24, 2022

Another “Big Four” title insurer announced its fourth quarter earnings and yet again the numbers reached historic highs. billion for 2021, a 49% increase over a year prior. Our investments are more in the continued enhancement and development stages and we are adding more features to our existing technologies,” Nolan said.

Insurance 348

Insurance Investors Technology Development 348

Housing Wire

JUNE 30, 2022

Rising mortgage rates have affected the entire industry, including in the title insurance sphere, with refinance volumes dropping nearly 60% for some companies during the first quarter of 2022 — and things are only expected to get worse when we get the Q2 numbers, as interest rates are now at the highest level in years.

Marketing 329

Marketing Insurance Business Clients 329

Housing Wire

MARCH 17, 2023

Candor Technology Inc. , 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 In August 2021, Candor raised $12.5 The company had plans to develop automated appraisals as well as title insurance processes.

Mortgage 315

Mortgage Clients Technology Development 315

Housing Wire

JANUARY 26, 2022

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. In October, Freddie Mac issued Bulletin 2021-31 , updating its Seller/Servicer and Third Party risk mitigation requirements. Additionally, Q4 2021 saw a 5.4% Additionally, Q4 2021 saw a 5.4%

Insurance 289

Insurance Agents Technology Sellers 289

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. In September 2021, United Wholesale Mortgage announced that it accepted its first-ever cryptocurrency mortgage payment.

Mortgage 477

Mortgage Clients Real Estate Technology 477

Housing Wire

NOVEMBER 8, 2022

Relatedly, OpenClose’s customers will be able to use MeridianLink’s loan pricing engine, which can run parallel mortgage insurance pricing, an integrated fee engine and comparison reports. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgage 363

Mortgage Lending Technology Insurance 363

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 370

Mortgage Technology Investing Design 370

Housing Wire

AUGUST 26, 2022

Polly, a software-as-service mortgage technology firm that operates a loan-trading platform, extended its Application Programming Interface (API) portfolio to better accommodate lenders amid a contracting mortgage environment. trillion this year compared to 2021.

Insurance 344

Insurance Technology Contracts Mortgage 344

Housing Wire

JULY 22, 2021

Former CoreLogic executive Rouz Tabaddor has been named vice president and chief intellectual property officer at title insurance provider First American Financial Corp. — segment pretax margin of title insurance and services. The sales were made with Safeco Insurance , a Liberty Mutual company, and Heritage Insurance Holdings.

Insurance 370

Insurance Law Real Estate Brokerage 370

Housing Wire

DECEMBER 29, 2023

More than a week after it shut down systems to combat a cybersecurity incident , title insurance giant First American Financial says it has restored some key systems and “contained the threat.” “As of the date of this filing, the Company believes it has contained the incident. .”

Insurance 401

Insurance Valuation Technology Buyers 401

Housing Wire

APRIL 23, 2024

brands, including brokerage, mortgage, title, insurance and technology. As the Chief Marketing Officer, she has overseen the brand development and strategy and helped Pacaso reach unicorn status with a $1 billion valuation in 2021. Whitney Curry , has propelled Pacaso to become the pioneer of co-ownership of luxury real estate.

Marketing 315

Marketing Project Management Advertising Real Estate 315

Housing Wire

MAY 6, 2022

California-based nonbank mortgage lender Pennymac Financial Services ’ net income dropped more than 50% in the first quarter from the same period in 2021, driven by lower profits from its production segment due to surging mortgage rates and a shrinking origination market. million in the last quarter of 2021 and $362.9

Insurance 322

Insurance Technology Mortgage Government 322

Housing Wire

JUNE 1, 2022

The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did. According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. Consumers are worried too.

Insurance 369

Insurance Real Estate Agents Technology 369

Housing Wire

JULY 19, 2021

” Blend’s white-label technology is what powers mortgage applications on the website 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 (the latter in a $422 million deal). Blend also has some big competition to worry about.

Insurance 381

Insurance Investors Technology Real Estate Agent 381

Housing Wire

APRIL 7, 2022

In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. million in 2021, including $71.5 Right again. We’re about to find out. million in the fourth quarter.

Mortgage 362

Mortgage Technology Clients Insurance 362

Housing Wire

FEBRUARY 13, 2024

Department of Homeland Security and title insurance company Charter Title. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc. Founded in 2021, Pittsburgh-headquartered TRAiNED offers a plug-and-play software as a service (SaaS) platform that seamlessly integrates with any loan origination system.

Training 391

Training Mortgage Design Insurance 391

Housing Wire

APRIL 28, 2022

Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. But Stewart Information Services Corporation , the smallest of the nation’s “Big Four” title insurers, has planned for this inevitability.

Insurance 323

Insurance Real Estate Technology Marketing 323

Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. Our company delivered good financial results in the first quarter, our seasonally slowest period,” CEO Ken DeGiorgio said during the company’s first quarter 2021 earnings call with investors on Thursday.

Insurance 343

Insurance Investing Marketing Business 343

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. Steve Ozonian, CEO, Williston Financial Group.

Real Estate 323

Real Estate Human Resources Technology Clients 323

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 346

Insurance Investing Inventory Business 346

Appraisal Buzz

DECEMBER 8, 2021

Hippo, a home insurance group harnessing real-time data, smart home technology, and a growing suite of home services, announced new findings from its 2021 Homeownership Report. The survey of U.S. homeowners explored how confident homeowners are, and feel, about managing their homes.

Insurance 195

Insurance Technology Appraisal 195

Appraisal Buzz

DECEMBER 8, 2021

Hippo, a home insurance group harnessing real-time data, smart home technology, and a growing suite of home services, announced new findings from its 2021 Homeownership Report. The survey of U.S. homeowners explored how confident homeowners are, and feel, about managing their homes.

Insurance 195

Insurance Technology Appraisal 195