Housing Wire

MARCH 1, 2022

The 2022 TECH100 Mortgage list of honorees spotlights the innovators that are making the housing sector better and more sustainable by increasing efficiency, improving borrower experience and bringing elasticity to mortgage origination and servicing processes. finicity.com/mortgage/. Mortgage Cadence. Company Name.

Mortgage 370

Mortgage Real Estate Technology Investing 370

Housing Wire

MAY 2, 2024

Redlands, California-based mortgage lender Mountain West Financial has struck a deal to sell its retail assets to competitor ML Mortgage Corp. , We did transfer our branches and loan officers to ML Mortgage. A spokesperson for ML Mortgage didn’t immediately reply to a request for comment.

Retail 371

Retail Loan Officers Mortgage Lending 371

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. With rates around 6.9%

Loan Officers 381

Loan Officers Clients Buyers Sellers 381

Housing Wire

NOVEMBER 7, 2023

Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners , in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey, the lender announced on Monday. The joint venture mortgage company is led by Margaret Bernabei, a former branch manager at a CrossCountry Mortgage outpost.

Realty 401

Realty Mortgage Brokerage Agents 401

Housing Wire

FEBRUARY 14, 2024

The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. Moody’s also downgraded NYCB subsidiary Flagstar Bank , through which the bank originates residential mortgages.

Mortgage 378

Mortgage Real Estate Insurance Tenants 378

Housing Wire

SEPTEMBER 22, 2022

These are the tech leaders who are driving innovation and modernization for their mortgage and real estate clients. Take a look through some of our past honorees to see their list of accomplishments and don’t forget to nominate a 2022 Tech Trendsetter before it’s too late!

Modernization 359

Modernization Real Estate Clients Mortgage 359

Housing Wire

DECEMBER 20, 2023

It was late 2022 and Mike was feeling the pressure. Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce at his company.

Loan Officers 441

Loan Officers Clients Law Legal 441

Housing Wire

MARCH 18, 2024

A national syndicated columnist has taken a closer look at the reverse mortgage product category after reviewing data from the Consumer Financial Protection Bureau (CFPB) about the industry’s advertising practices , and she says that the product can have utility for older Americans as long as a prospective borrower properly understands it.

Advertising 322

Advertising Mortgage Business Clients 322

Housing Wire

JANUARY 22, 2024

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider.

Technology 333

Technology Mortgage Loan Officers Clients 333

Housing Wire

MAY 29, 2024

Earlier this year, New Jersey-based mortgage broker Joe Racamato, president of Silex Financial Group Inc., Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis.

Mortgage 259

Mortgage Clients Sellers Loan Officers 259

Housing Wire

JULY 1, 2022

Connecting with clients and consumers has never been an easy task, and today’s market has been no exception. Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. Sprout Mortgage. Cherry Creek Mortgage. First Guaranty Mortgage Corporation. Thrive Mortgage.

Marketing 382

Marketing Realty Real Estate Lending 382

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. billion in the fourth quarter of 2022 from $4.4

Retail 382

Retail Mortgage Loan Officers Technology 382

Housing Wire

DECEMBER 17, 2021

Nominations for the 2022 HousingWire Tech100 Mortgage and Tech100 Real estate are closing today. The Tech100 Mortgage Award recognizes the companies and solutions that are revolutionizing the mortgage process – from origination to closing, and servicing to secondary markets. million agents as of last year.

Real Estate Agent 350

Real Estate Agent Real Estate Retail Technology 350

Housing Wire

JANUARY 18, 2022

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. According to Milo’s press release , clients who use the company’s services can pledge their Bitcoin to purchase a property. If a client qualifies, they will receive a low interest rate 30-year crypto mortgage, the company said.

Mortgage 477

Mortgage Clients Real Estate Technology 477

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. In fact, the strongest quarter that we had of all 2022 was the fourth quarter.” from the previous quarter’s $297 million.

Technology 344

Technology Mortgage Clients Lending 344

Housing Wire

JANUARY 12, 2024

Mortgage businesses at Wells Fargo , JPMorgan Chase and Bank of America are now only a fraction of what they were in 2022. As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). billion for the year from $44 billion in 2022.

Mortgage 371

Mortgage Lending Retail Business 371

Housing Wire

DECEMBER 9, 2021

A 2021 Tech100 Mortgage honoree, Stavvy is helping organizations navigate complex financial and legal transactions easily and safely, allowing servicers to put customer experience at the forefront during tough times like a global pandemic. “In Our technology is helping servicers do what they do best — serve their clients anywhere, anytime.

Technology 331

Technology Legal Tools Clients 331

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. million in cash.

Retail 392

Retail Mortgage Lending Renovations 392

Housing Wire

OCTOBER 28, 2022

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. Speakers: Dave Savage, Chief Innovation Officer, Mortgage Coach and Sales Boomerang.

Lending 367

Lending Development Finance Technology 367

Housing Wire

JUNE 20, 2023

North Carolina-based Truist Financial Corporation announced on Tuesday that seasoned mortgage executive David Smith will be the head of Truist Mortgage effective July 31. mortgage lender and servicer, has shrunk amid a challenging mortgage market. higher than in the same period of 2022. Truist, a top U.S.

Business 330

Business Mortgage Retail Lending 330

Housing Wire

AUGUST 30, 2023

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. Yet higher mortgage rates aren’t all bad news for savvy real estate agents. Helping a landlord or renter can create loyalty and a lifelong client. from a year ago.

Real Estate Agent 388

Real Estate Agent Mortgage Landlords Real Estate 388

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” That’s kind of evaporated,” Martell said on Tuesday morning in a session during The Gathering , HousingWire’s real estate and mortgage conference held in Scottsdale, Arizona.

Mortgage 284

Mortgage Real Estate Agent Real Estate Renovations 284

Housing Wire

JUNE 1, 2022

Congratulations to the 2022 class of Rising Stars who are carving out their own paths forward with the lessons learned along the way. Open Mortgage. VP, Mortgage Verification Services. Senior Director, Mortgage Servicing Policy. Mortgage Insurers. United Wholesale Mortgage. Draper and Kramer Mortgage Corp.

Architecture 345

Architecture Realty Insurance Lending 345

Housing Wire

APRIL 29, 2024

The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He said Stronghill is in the process of alerting clients whose loans were in the pipeline so they could transition to another lender.

Lending 403

Lending Clients Business Real Estate 403

Housing Wire

APRIL 19, 2022

Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The company, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. Cooper , he expects market share to increase to about 20% in 2022.

Mortgage 363

Mortgage Investors Clients Insurance 363

Housing Wire

NOVEMBER 23, 2021

After last year’s record growth, mortgage leaders are left wondering where the market will go next — and what tactics will ensure business continues to boom in 2022. Eric Bergstrom Chief Strategy Officer, SecurityNational Mortgage Company. Louis Zitting CEO, MonitorBase. Sponsored by: Black Knight. Get More Info.

Clients 279

Clients Inventory Technology Business 279

Housing Wire

OCTOBER 5, 2023

The implementation of more careful loan screening procedures has contributed to lower levels of risk for mortgage fraud. Mortgage application fraud declined 3.1% year-over-year in Q2 of 2023 compared to the second quarter of 2022, according to CoreLogic Mortgage Fraud Report. since 2022.

Mortgage 306

Mortgage Real Estate Investors Clients 306

Housing Wire

APRIL 18, 2023

Higher interest rates pushed up profits for Bank of America (BofA) in the first quarter of 2023, but much like its depository peers, JP Morgan Chase and Wells Fargo , the mortgage business dropped by double-digits during this period. trillion during the same quarter in 2022. Mortgage originations totaled $3.9 billion, a 13.1%

Mortgage 310

Mortgage Client Relationships Clients Business 310

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 367

Mortgage Loan Officers Retail Finance 367

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. billion in assets from clients in 127 countries. Clients, however, will gain when Bitcoin value increases. .

Mortgage 413

Mortgage Clients Lending Investors 413

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business. About 23.7%

Housing Market 378

Housing Market Mortgage Marketing Inventory 378

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 440

Mortgage Loan Officers Inventory Business 440

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 408

Business Mortgage Loan Officers Inventory 408

Housing Wire

FEBRUARY 28, 2022

The mortgage industry headed into 2022 after a strong showing in back-to-back years. 2022 still holds great opportunity for the industry but it also signals a pivot point. Pennymac has long served as one of the mortgage industry’s leading partners. They know that Pennymac will care for their clients well after closing.

Technology 325

Technology Clients Business Investing 325

Housing Wire

SEPTEMBER 8, 2022

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees.

Mortgage 498

Mortgage Loan Officers Clients Investing 498

Housing Wire

SEPTEMBER 9, 2022

As a financial technologist specializing in mortgage since long before “fintech” was a thing, I appreciate how tough market cycles force us to focus. For some individuals and companies, this is your first mortgage down cycle. Warm spots in the fintech & mortgage winter. Mortgage & fintech companies must focus.

Modernization 422

Modernization Valuation Mortgage Retail 422

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” One of the top 10 lenders that posted gains, however, was Open Mortgage. The obvious culprit is still rates. This is a different situation.”

Mortgage 395

Mortgage Business Finance Home Value 395