Housing Wire

JUNE 28, 2023

. “Through its bankruptcy filing, PeerStreet will seek to sell substantially all of its assets, including, but not limited to, its mortgage loan assets and technology platform, in a series of transactions intended to maximize value for all of PeerStreet’s stakeholders,” the firm said in a statement. million, down 23.2%

Investors 415

Investors Real Estate Mortgage Investing 415

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. It makes sense that the investors are asking lenders to ward off as many problems as possible [via QC efforts] before a loan is made.

Investors 383

Investors Technology Mortgage Training 383

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. The next generation technology is a culmination of extensive work with its partners, vendors, service providers (i.e., Technology powers our partnerships.

Technology 339

Technology Clients Business Investing 339

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. The firm generated $2 billion in total revenue during the first quarter of 2022, unchanged from a year ago. The Guide to Accelerating Closings in 2022. Net income, however, was a different story.

Insurance 358

Insurance Investing Marketing Business 358

Housing Wire

DECEMBER 5, 2023

In addition, Balance Homes CEO and co-founder Judd Schoenholtz will become EasyKnock’s chief revenue officer (CRO), while the other co-founder Aaron LaRue, will become chief technology officer (CTO). “We We are thrilled to bring Balance Homes’ unique co-ownership product, technology and team into EasyKnock,” Schoenholtz said.

Modernization 380

Modernization Investors Technology Finance 380

Housing Wire

APRIL 16, 2024

“The innovative HEI offering, the world-class technology , and a channel-led strategy were a perfect fit for Legacy.” Bringing together builders, investors, and homebuyers allows the Rook vision to scale at a pace we’d never have been able to do without Legacy’s know-how, heft, and experience,” Messman said in a statement.

Investing 398

Investing Real Estate Investors Brokerage 398

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Tens of thousands of workers were hired, new technologies were piloted and operational processes implemented to capitalize on what was a historic moment for the industry. Origination volumes eclipsed $4.3 trillion in 2020 and then $4.4

Mortgage 522

Mortgage Marketing Retail Lending 522

Appraisal Buzz

JUNE 3, 2024

Krogh joined Dovenmuehle in 2022 from Associated Bank in Chicago and has become a key leader in the company’s national business development efforts. Dovenmuehle is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide.

Client Relationships 195

Client Relationships Mortgage Development Clients 195

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. JP Morgan Chase & Co. and Jefferies Financial Group Inc. for the IPO.

Lending 375

Lending Valuation Technology Retail 375

Housing Wire

APRIL 19, 2022

At an investor conference last fall, Redwood Trust Inc. Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Oasis Pro Markets , a U.S.-regulated

Investing 356

Investing Technology Real Estate Investors 356

Housing Wire

DECEMBER 15, 2023

“This financing round will allow us to continue to accelerate our growth, and we are excited to partner with our new investors who bring a tremendous amount of insight on real estate and fintech to contribute to our journey.” In October 2022, Prev u acquired mortgage technology assets from shuttered real estate startup Reali.

Real Estate 343

Real Estate Finance Technology Buyers 343

Housing Wire

APRIL 18, 2023

PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. In 2022, the firm secured an oversubscribed $39 million Series A funding round, bringing the total equity capital to $49 million since its inception.

Inspection 336

Inspection Real Estate Real Estate Agent Renovations 336

Housing Wire

JANUARY 31, 2024

compared to 2022, and a pretax income of $133.5 said during the firm’s fourth-quarter earnings call with investors last Thursday. Our full year premiums and fees reflect those market conditions and were down around 33% compared to 2022.” from 2022, and a net income of $598.6 million, down 2.5% for the quarter.

Insurance 318

Insurance Modernization Technology Real Estate 318

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).

Real Estate 369

Real Estate Insurance Investors Lending 369

Housing Wire

MAY 9, 2023

The technology integration enables lenders to obtain price quotes and order National MI’s real-time, risk-based mortgage insurance through its Rate GPS tool instantly without leaving the Vesta LOS platform. Its investors include Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures, and Zigg Capital.

Insurance 323

Insurance Mortgage Tools Technology 323

Housing Wire

FEBRUARY 27, 2024

million in 2022. Compass’ other financial results also showed improvements over 2022. million was an improvement over the $158 million net loss in Q4 2022. million) was nearly half of what it was in 2022, at $601.5 million) was nearly half of what it was in 2022, at $601.5 billion, its net loss of $83.8

Agents 352

Agents Brokerage Buyers Training 352

Housing Wire

OCTOBER 28, 2021

Throughout 2020 and 2021 we have seen skyrocketing loan volumes resulting from historically low rates, spiking investor activity and a large cohort of available first-time homebuyers. Lenders are balancing the need to manage historic volumes while moving quickly to adopt technology advancements necessary to remain competitive.

Lending 335

Lending Inventory Investors Mortgage 335

Housing Wire

MAY 2, 2024

“The transition just became along the lines of the team’s ability to have a product suite and technology.” Potempa had a joint venture with OneTrust from March 2022 to March 2024. “In wholesale, you can shop and sell the loan to a multitude of investors. Right now, we have 200 different investors.”

Loan Officers 402

Loan Officers Mortgage Retail Lending 402

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 309

Technology Lending Mortgage Investors 309

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.

Mortgage 364

Mortgage Technology Investors Business 364

Housing Wire

FEBRUARY 22, 2024

Both figures were down significantly from 2022 when it recorded $3.07 On a call with investors and analysts, Stewart CEO Fred Eppinger noted that the company’s focus in 2023 was on creating a more resilient firm that would be able to succeed in all phases of the real estate market cycle. billion in 2023 and a net income of $30.4

Marketing 395

Marketing Investors Housing Market Investing 395

Housing Wire

JANUARY 27, 2022

The new capital will be invested in an “aggressive” hiring plan and technology expansion. The round is led by the venture capital firm Andreessen Horowitz , with participation from new investor Zigg Capital and seed investors Conversion Capital and Bain Capital Ventures. Investors backing Vesta also include Index Ventures.

Mortgage 360

Mortgage Investors Loan Officers Technology 360

Housing Wire

SEPTEMBER 11, 2023

HousingWire recently spoke with Michael Chew, SVP of Fulfillment, Asset/Rental Management at Consolidated Analytics , about REO assets, the economic factors influencing the increase in REO acquisitions and how technology can help with REO asset management. We also see investor demand remain strong and an uptick in owner-occupied purchases.

Inventory 389

Inventory Technology Design Tools 389

Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal.

Appraisal 332

Appraisal Valuation Technology Investors 332

Housing Wire

NOVEMBER 9, 2023

“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 Lind said Acra’s investor loan percentage has increased from about 37% in 2022 to nearly 48% this year. So for Acra, this hasn’t been a problem.”

Lending 353

Lending Investors Business Mortgage 353

Housing Wire

MAY 22, 2023

Top-producing loan officer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. In 2022, Keelin and his team closed $827 million in volume, with Keelin originating $322 million alone. Keelin noted.

Loan Officers 313

Loan Officers Investors Technology Clients 313

Housing Wire

DECEMBER 14, 2023

With first-time buyers accounting for just 26% of all home purchases in 2022 — a 41-year low — the mortgage market place aims to help first-time homebuyers with the right program and mortgage products. Texas-based mortgage platform Stairs Financial launched on Thursday after completing a $3.5 million funding round.

Technology 331

Technology Buyers Investors Mortgage 331

Housing Wire

NOVEMBER 2, 2023

Redfin executives were happy to discuss commission lawsuits during their firm’s third-quarter 2023 earnings call with investors and analysts Thursday evening, just not the one their firm was recently named as a defendant in. Kelman said Redfin could use that technology to market properties listed by Redfin directly to consumers.

Agents 413

Agents Technology Housing Market Training 413

Housing Wire

APRIL 19, 2022

The company, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. Blend anticipates that the mortgage industry it services will experience a 35% decline in origination volume in 2022, lowering its financial outlook. Bank , expects to incur about $6.7 As of 11:50 a.m.

Mortgage 366

Mortgage Investors Clients Insurance 366

Housing Wire

SEPTEMBER 21, 2023

When we thought about joining forces with a due diligence company, Inglet Blair’s depth of expertise, which allows it to comply with regulatory, rating agency, and investor requirements, made the decision an easy one,” Jeffrey Flory , QC Ally’s new CEO, said in a statement.

Investors 346

Investors Clients Technology Mortgage 346

Housing Wire

OCTOBER 24, 2022

In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments. Kueh said the real estate industry is “ripe” for a transformation, one in which modern design can be merged with mobile, cloud, AI and machine learning technology to improve customer and agent experiences.

Real Estate 380

Real Estate Brokerage Technology Modernization 380

Housing Wire

OCTOBER 11, 2023

.” loanDepot hired Martell in April 2022 , three months after he retired from CoreLogic. He announced the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. loanDepot has been able to narrow its losses. on Wednesday.

Investing 406

Investing Valuation Marketing Mortgage 406

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

Technology 376

Technology Lending Investors Modernization 376

Housing Wire

DECEMBER 15, 2021

Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs. Another 11 existing venture investors, such as White Star Capital and Kingsway Capital , followed on in the round. Already in pilot mode in Canada, the product is expected to be offered broadly in the country and the United States early in 2022.

Mortgage 421

Mortgage Clients Lending Investors 421

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 381

Loan Officers Agents Retail Technology 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 2020 during the refi-boom and with the market headed into a correction, executives warned investors revenue would plummet.

Mortgage 373

Mortgage Technology Clients Insurance 373

Housing Wire

MARCH 29, 2024

The firm raised $6 million in seed funding in May 2022. Human Capital led the round with participation from Lakehouse Ventures , Second Century Ventures and other angel investors. Courted was notably invited to join the REACH Class of 2022, a technology scale-up program backed by the National Association of Realtors (NAR).

Brokerage 346

Brokerage Agents Realty Real Estate 346