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 382

Mortgage Investors Retail Investing 382

Housing Wire

JUNE 26, 2023

Several of MAXEX’s existing investors, including J.P. “This partnership enhances our offering and TBA pipeline hedging platform by giving clients access to MAXEX’s loan trading exchange,” Tabacchi said. . The companies claim they collectively serve more than 500 market participants.

Investing 370

Investing Investors Design Mortgage 370

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. ” While at Guaranteed Rate, Patel and his team closed more than 250 loans in 2022 and increased the purchase volume by 20% from 2021. “I’m

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

MAY 17, 2022

Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

Logistics 370

Logistics Legal Investors Technology 370

Housing Wire

JULY 28, 2022

Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Presented by: ServiceLink.

Insurance 370

Insurance Clients Modernization Technology 370

Housing Wire

JUNE 16, 2022

For the HomeLight Cash Offer program, also introduced two years ago, the firm makes an all-cash offer on the client’s behalf and holds the home until the client secures financing. In the first quarter of 2022, HomeLight and Accept.inc represented more than $3 billion in combined referred transaction volume, according to Uher.

Brokerage 370

Brokerage Real Estate Lending Clients 370

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. with a start date on August 1, 2022, in Jacksonville, Florida, according to the Nationwide Multistate Licensing System (NMLS). Shocked employees didn’t receive their last paychecks.

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

SEPTEMBER 20, 2022

HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality? increase) and property (22.6%

Marketing 370

Marketing Training Clients Technology 370

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. trillion in 2022.

Lending 403

Lending Loan Officers Real Estate Mortgage 403

Housing Wire

JULY 31, 2022

As of January 2022, 92% of all eNotes registered with MERS were created and registered with Wolters Kluwer technology. Built with compliance in mind, idsDoc offers more than 2,000 customizable audits available to clients, supports state- and federal-level documents and provides a complete audit worksheet on each loan package.”.

Lending 370

Lending Technology Real Estate Government 370

Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. Meanwhile, investors are taking steps to acquire the business. In 2019, 4% of her business originated from social media, but from 2020 through 2022, it increased to an average of 30%.

Loan Officers 423

Loan Officers Tools Business Clients 423

Housing Wire

JANUARY 19, 2023

While the new year is here, the effects and fears of 2022 have yet to run their course. The survival tactic lenders too often miss is doubling down on loan quality to ensure immediate salability to investors or long-term servicing performance. trillion in 2023.

Lending 393

Lending Investors Investing Mortgage 393

Housing Wire

SEPTEMBER 24, 2021

The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams. Ocrolus has onboarded over 75 corporate team members in 2021 and plans to hire even faster in 2022.

Technology 390

Technology Valuation Lending Investors 390

Housing Wire

SEPTEMBER 12, 2023

About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. Investors impose these fees on lenders whenever a borrower pays off their mortgages usually within up to six months of funding. and 2024 at 6%.

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

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

SEPTEMBER 27, 2022

Because they form strong relationships in their communities, often providing banking services and financial counsel for local residents, they know their clients’ needs far more intimately than large lenders. Growing obstacles in 2022’s market.

Housing Market 382

Housing Market Marketing Logistics Lending 382

Housing Wire

MARCH 28, 2022

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . Some three dozen non-QM securitizations sponsored by about two dozen different entities have made their way to bond-rating firms so far in 2022.

Lending 370

Lending Investors Mortgage Business 370

Housing Wire

JULY 19, 2022

The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. As a licensed and regulated entity, we take our responsibility seriously to ensure our clients’ crypto is safe and returned when requested.”. or pursue refinancing.

Mortgage 424

Mortgage Design Insurance Lending 424

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. And investor guidelines are continually evolving. is just under 10 million, a 4.6%

Marketing 393

Marketing Investors Technology Loan Officers 393

Housing Wire

MARCH 23, 2023

Mortgage industry experts believe the current turbulence has potential to hit the jumbo space harder, mainly due to a reduced investor appetite in the secondary market and banks’ tightened financial conditions for borrowers. The leaders in 2022 were Wells Fargo ($45.4 The leaders in 2022 were Wells Fargo ($45.4

Mortgage 424

Mortgage Government Investors Marketing 424

Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. For investors, a warning: it means that profitability will take some time to achieve. Even in the tumultuous conditions in 2022, it expects to increase market share to 20%. on April 20.

Mortgage 393

Mortgage Marketing Human Resources Clients 393

Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Mortgage 369

Mortgage Insurance Business Lending 369

Housing Wire

JULY 22, 2022

The examples, all within about a month, illustrate a non-QM lending world in disarray, turned upside down in recent months as originators battle an unassailable force over which they have no control: fast-rising interest rates. recalled Keith Lind, CEO of Acra Lending, a leading non-QM lender. “Of Of course we’re not. “…If

Lending 382

Lending Mortgage Housing Market Marketing 382

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Industry observers say the first few months of 2022 will represent a transition period to restore the supply and demand equilibrium in the mortgage industry, putting pressure on the stocks of the country’s biggest lenders. “We

Mortgage 382

Mortgage Retail Finance Investors 382

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. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 370

Marketing Retail Lending Mortgage 370

Housing Wire

FEBRUARY 21, 2023

“We’re going to send our clients the applications, they’re going to sign it and they’re going to mail it back to us. How do we get clients directly to reach out to us? C-Suite changes News of Farner’s resignation came as a surprise to analysts and investors, and for good reason. That was new back then. 28 earnings call.

Clients 378

Clients Mortgage Business Home Value 378

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said.

Mortgage 370

Mortgage Clients Retail Marketing 370

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. Entering 2020 the market was expecting <$2.0

Mortgage 382

Mortgage Technology Lending Clients 382

Housing Wire

OCTOBER 1, 2022

Another measure the housing market, is whether a Realtor had a client who had a distressed sale in the last month. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%. Another reason why distressed sales are likely low, is that lending standards remain tight.

Realtors 393

Realtors Housing Market Marketing Buyers 393

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 393

Mortgage Loan Officers Finance Investors 393

Housing Wire

SEPTEMBER 11, 2023

The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually. Target buyers for Cliffco include non-traditional buyers seeking investor loans.

Loan Officers 393

Loan Officers Agents Retail Technology 393

Lamacchia Realty

MARCH 7, 2022

has released their “Top Producing REALTORS®,” for February 2022! February 2022 Winners of the Top 10 for the Company are: Cyndi Deshaies received her real estate license in March 2017. February 2022 Winners of the Top 10 for the Company are: Cyndi Deshaies received her real estate license in March 2017.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

SEPTEMBER 22, 2022

With mortgage rates nearly doubling from the start of 2022, the LO, who has more than 20 years of experience in the industry, says it’s painful to see deals simply disappear. One of Gelbman’s clients, who has been on the market for at least a year, was priced out in 2021 due to “overbidding.”

Mortgage 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

OCTOBER 7, 2022

Adding to the global lender’s woes this week was investor speculation on social media questioning the bank’s stability. billion over the first half of 2022, according to its most recent earnings statement. The lender recorded a net loss of nearly $1.9 Credit Suisse through its subsidiary DLJ Mortgage Capital Inc.,

Supply Chain 393

Supply Chain Mortgage Investors Business 393

Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. I think potential clients appreciate this.

Business 393

Business Appraisal Real Estate Agent Clients 393

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. It also allows home sellers to receive top dollar for the home, he said. Tozer suggested “a fee of 1.3%

Mortgage 382

Mortgage Loan Officers Government Buyers 382