Housing Wire

JUNE 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. We have a broad product set, competitive pricing and great technology,” said Lee Smith, EVP and president of mortgage. Our brokers are our partners.

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Lending Housing Market Technology Business 370

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Is now a good time to invest in real estate automation technologies? Presented by: Axis Technical Group.

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Brokerage Real Estate Lending Mortgage 393

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

NOVEMBER 9, 2023

According to Acra Lending CEO Keith Lind, the company is currently locking its pipeline at rates of about 9.25%. Our pipeline is up about 24% since July and we’re going to fund almost 23% more loans in 2023 than we did in 2022,” he said. “So Acra is being cautious, Lind said, tightening its lending guidelines.

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Lending Investors Business Mortgage 413

Housing Wire

NOVEMBER 14, 2022

Demand from investors is still solid, albeit more guarded. TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising. Self-employed borrowers, real estate investors and credit-worthy borrowers who have recovered from credit issues will always be in the market.

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Lending Investors Loan Officers Technology 423

Housing Wire

JULY 12, 2023

Mike Cagney’s Figure Technologies announced a collaboration with CMG Financial , CrossCountry Mortgage , Fairway Independent Mortgage and The Loan Store as private-label partners. Each of Figure’s new partners will leverage Figure’s HELOC technology to create a branded product for their customers, the firm said in a statement.

Technology 370

Technology Lending Mortgage Investors 370

Housing Wire

OCTOBER 28, 2021

While the mortgage lending industry of the 1980s does not bear a lot of semblance to our experiences today, one thing everyone can agree on is that there is a great deal of pressure and heat on our streets. Ensuring the safety and soundness of residential mortgage originations is a pillar of lending today. The heat is definitely on. .

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Lending Inventory Investors Mortgage 393

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 million in adjusted profit in the second quarter of 2023.

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Lending Valuation Business Technology 370

Housing Wire

SEPTEMBER 6, 2023

FundingShield , the fintech provider of plug-and-play solutions to manage risk, compliance and fraud prevention, has partnered with Tata Consultancy Services (TCS), a technology services and consulting company. million in 2022, marking a record for dollar losses, according to the Federal Bureau of Investigation (FBI).

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Real Estate Insurance Investors Lending 393

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. The company says the round is the largest Series A for a New England fintech and it plans to use the capital to double or even triple its staff by the first quarter of 2022. “We

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Technology Lending Investors Modernization 414

Housing Wire

FEBRUARY 25, 2022

“I think non-QM could be another money-making product for all of these originators,” said Keith Lind, executive chairman and president at Acra Lending. When you’re dealing with investors, mistakes cannot happen.”. 1 it was underwritten correctly, and two it fits a credit box of an investor that’s willing to buy it,” Lind said.

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Lending Investors Technology Investing 393

Housing Wire

AUGUST 16, 2022

335), Trius Lending Partners (no. Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip.

Mortgage 370

Mortgage Lending Investors Brokerage 370

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton.

Mortgage 370

Mortgage Technology Lending Modernization 370

Housing Wire

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Acquisition Corp. United Wholesale Mortgage went public in January 2021 after merging with Gores Holdings IV.

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Mortgage Technology Investors Business 404

Housing Wire

OCTOBER 11, 2022

The funds will be utilized to finance its lending product, CryptoMortgage. Moon Mortgage’s CryptoMortgages will allow investors to take out loans against their digital assets. The product also takes the investors’ digital assets as collateral and gives 100% financing for investment properties.

Mortgage 382

Mortgage Investors Investing Lending 382

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. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 414

Mortgage Clients Lending Investors 414

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.

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Housing Market Marketing Contracts Finance 414

Housing Wire

NOVEMBER 30, 2022

Nominations for HousingWire’s TECH100 award are now open through Friday, December 23, 2022. Among this impressive list of submissions, companies like 2022 TECH100 honoree Voxtur are working to improve the entire lending lifecycle. Jim Albertelli: We aim to improve every critical touchpoint in the lending lifecycle.

Real Estate 370

Real Estate Insurance Technology Lending 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.

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Logistics Legal Investors Technology 370

Housing Wire

MARCH 29, 2023

“Securitization of HELOCs had been a small part of the RMBS [residential mortgage-backed securities] market in the pre-financial crisis period, but issuance was still relatively commonplace until 2007,” states a fall 2022 DBSR Morningstar report focused on the securitization market for HELOCs. from the fourth quarter of 2021.

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Contracts Lending Investing Investors 382

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

Mortgage 382

Mortgage Legal Lending Investors 382

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. New Wave said it requested bids from multiple investors from Jan. 20, 2022, to Feb. Presented by: Polly.

Mortgage 370

Mortgage Legal Lending Investors 370

Housing Wire

JULY 31, 2022

As of January 2022, 92% of all eNotes registered with MERS were created and registered with Wolters Kluwer technology. In anticipation of the shifting market conditions and the expected growth of home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for Real Estate Finance.

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Lending Technology Real Estate Government 370

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). LoanSnap originated $3 million in production volume over the past year across 32 units, data from mortgage technology platform Modex showed.

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Loan Officers Mortgage Finance Lending 404

Housing Wire

FEBRUARY 9, 2022

HousingWire recently spoke with Mike Fierman, Managing Partner and Co-CEO of Angel Oak Capital, about the capital markets perspective as well as investor demand and appetite for non-QM. HousingWire: What is the 2022 market outlook for non-QM? In 2022, non-QM originations are likely to hit between $80 billion and $100 billion.

Investors 365

Investors Business Lending Technology 365

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

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

APRIL 5, 2024

The report, released back in December, noted that Navy Federal Credit Union approved more than 75% of white borrowers who applied for a new conventional home purchase mortgage in 2022 vs. less than 50% of black borrowers. racial, religious, or gender minority) at a greater rate, that policy may constitute lending discrimination.

Mortgage 413

Mortgage Lending Buyers Property Management 413

Housing Wire

JUNE 26, 2023

Several of MAXEX’s existing investors, including J.P. In September 2022, the digital mortgage platform unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. The companies claim they collectively serve more than 500 market participants.

Investing 370

Investing Investors Design Mortgage 370

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% annual increase.

Marketing 393

Marketing Investors Technology Loan Officers 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 ). LLR is not a newcomer to mortgage technology or the overall fintech market. Hey Clayton …” and a link. In 2016 LLR led a $26.5

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

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.

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Insurance Clients Modernization Technology 370

Housing Wire

APRIL 11, 2022

Top mortgage lending software and analytics provider Black Knight is reportedly exploring a sale following takeover interest from several private equity firms. The stock had lost 30% of its value from December 31, 2021 through April 1, 2022, down to a market capitalization of just under $9 billion. in the previous year.

Technology 370

Technology Investors Mortgage Lending 370

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

Housing Wire

AUGUST 31, 2022

Back then, the tech craze was booming, and the company’s founders recognized an opportunity to bring data and technology to the industry. For Flueid, the mission to deliver a digitally accelerated real estate life cycle began long before the pandemic push – nearly 30 years ago, in fact. homeowners find themselves enjoying approximately $27.8

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Lending Real Estate Technology Design 370

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 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%

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Marketing Training Clients Technology 370