Housing Wire

DECEMBER 14, 2021

The non-QM mortgage market, which encompasses most home loans not backed by a government-sponsored guarantee, is expected to reach the $25 billion mark this year in private-label securitization volume. . We’re expecting close to 100% growth [in 2022] from 2021, and this year, 2021, is our biggest year ever,” he said. “We

Lending 326

Lending Technology Government Investors 326

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. With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market.

Lending 315

Lending Housing Market Technology Business 315

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 HousingWire: The lending process has long been described as “fragmented.”

Technology 334

Technology Legal Tools Clients 334

Housing Wire

FEBRUARY 21, 2024

“Over the past couple of years, I have learned that Guaranteed Rate is truly the company with all the tools and the platform to help originators grow their business and provide the best service for customers and clients.” Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 401

Retail Tools Lending Clients 401

Housing Wire

SEPTEMBER 23, 2022

Texas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company (AMSC). The acquisition will strengthen Thrive’s retail channel and bring with it new territories amidst arguably the most challenging mortgage market since the early 1980s. .

Mortgage 370

Mortgage Retail Loan Officers Technology 370

Housing Wire

APRIL 12, 2024

As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.” They argue that understanding the technology is imperative when choosing a specific tool to deploy. “In

Technology 341

Technology Tools Investing Mortgage 341

Housing Wire

DECEMBER 1, 2022

San Diego, California-headquartered retail lender Guild Mortgage is staying true to its words of expanding through acquisitions. Mary Ann McGarry, Guild’s CEO, said that the company is patient in closing a deal and has been in conversations to acquire Inlanta Mortgage for about a year. million as of September 30, 2022.

Mortgage 370

Mortgage Retail Loan Officers Tools 370

Housing Wire

FEBRUARY 10, 2023

Nashville, Tennessee-based mortgage lender Guaranty Home Mortgage Corporation (GHMC) has rolled out its new borrower online application portal, GAssist. The tools are housed within the secure application portal. Guaranty Home Mortgage was founded in 1986 as Guaranty Trust and became an independent mortgage banker in 2019.

Retail 360

Retail Tools Loan Officers Design 360

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. Shocked employees didn’t receive their last paychecks.

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Epperson was tapped as chief product officer and Anderson was named executive vice president of digital mortgage strategy.

Technology 334

Technology Real Estate Lending Design 334

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Currently, the appraisal process is the biggest issue facing the mortgage industry,” the mid-sized lender said. “It

Modernization 476

Modernization Appraisal Lending Investing 476

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Mortgage 412

Mortgage Government Investors Marketing 412

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 392

Mortgage Clients Insurance Tools 392

Housing Wire

DECEMBER 21, 2021

Higher inflation, post-pandemic economic recovery and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. Shrinking market ahead. trillion next year, and $2.53

Mortgage 347

Mortgage Tools Lending Housing Market 347

Housing Wire

JUNE 11, 2024

While our quarterly Mortgage QC Trends Report did observe two quarters of extremely high, if not historic, critical defects, those occurred in mid- to late 2022 as the industry was dealing with the operational fallout from the market downturn. How are lenders managing loan quality these days?

Lending 309

Lending Clients Mortgage Training 309

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising. There is some good news and some not so good.

Lending 351

Lending Investors Loan Officers Technology 351

Housing Wire

MAY 16, 2024

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan. .” The top U.S. The transaction valued the Suns and Mercury at about $4 billion.

Insurance 429

Insurance Agents Real Estate Agent Mortgage 429

Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Why should the mortgage process be any different? Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers.

Mortgage 386

Mortgage Technology Inspection Appraisal 386

Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. Last year, mortgage interest rates reached record lows. This translates into an average of $56 billion in mortgage originations per year. So, what will 2022 look like for the VA FTHB borrowers? In 2020, 3.82

Buyers 381

Buyers Lending Finance Tools 381

Housing Wire

JANUARY 4, 2024

While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors. “By “But what constitutes an emergency?

Renovations 316

Renovations Investing Finance Design 316

Appraisal Buzz

JULY 18, 2022

Chicago — ProxyPics makes wave as the first Property Data Report provider for Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report), launch made effective on July 17, 2022. The post ProxyPics Partners with Freddie Mac to Simplify Refinance Mortgages in the Digital Age appeared first on Appraisal Buzz.

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Training Technology Mortgage Real Estate 221

Housing Wire

MAY 17, 2022

Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, LLC , a provider of quality control audit mortgage software and fraud prevention services. 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 309

Logistics Legal Investors Technology 309

Housing Wire

NOVEMBER 18, 2022

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. And don’t expect the layoffs to stop anytime soon.

Loan Officers 396

Loan Officers Modernization Finance Housing Market 396

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. In 2019, 4% of her business originated from social media, but from 2020 through 2022, it increased to an average of 30%. ban of the short-form video app. million ‘likes’ on TikTok.

Loan Officers 357

Loan Officers Tools Business Clients 357

Housing Wire

MAY 24, 2021

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 Presented by: Sagent Lending Technologies. The company was recognized as one of the 2021 HW Tech100 winners for its native eSign and hybrid transaction tools.

Technology 363

Technology Lending Investors Modernization 363

Housing Wire

JUNE 17, 2022

This week’s HW+ member spotlight features Amanda Hill, head of mortgage solutions at Reggora. It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. HousingWire: What is your most useful tech tool? Amanda Hill: My cell phone!

Modernization 305

Modernization Inventory Tools Lending 305

Housing Wire

MARCH 22, 2022

Digital mortgage platform Maxwell has brought on Amy Brandt to its board of directors to gain perspective on the challenges that lenders face and the gaps in the mortgage digitalization process. Brandt said that the mortgage business is structurally fragmented, with different parts of the process and various providers.

Technology 354

Technology Lending Mortgage Government 354

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”.

Investors 412

Investors Brokerage Valuation Mortgage 412

Housing Wire

NOVEMBER 2, 2023

Amid the most challenging mortgage market in decades, Rocket Companies , the parent of Rocket Mortgage , remained profitable in the third quarter of 2023, showing higher margins in the direct-to-consumer and wholesale channels. The third-quarter production represents a 13% drop compared to the same period in 2022.

Technology 404

Technology Tools Business Mortgage 404

Housing Wire

JUNE 5, 2023

Sidi joined loanDepot in March 2022 , when the lender created a new business division called mello to operate side-by-side with the company’s mortgage origination and servicing division. However, loanDepot, like most of its peers, is struggling financially amid a shrinking mortgage market.

Business 362

Business Human Resources Retail Tools 362

Housing Wire

SEPTEMBER 19, 2022

with [Fed Chair Jerome] Powell’s news conference afterward,” states financial advisory firm Mortgage Capital Trading (MCT) in its Daily Market Commentary e-newsletter. How will non-QM perform for the rest of 2022? However, the outlook for non-QM for the rest of 2022 is relatively optimistic, according to Acra Lending CEO Keith Lind.

Lending 363

Lending Marketing Mortgage Tools 363

Housing Wire

JUNE 14, 2023

There has been a seismic shift in the mortgage industry, and it has redefined how mortgage originators must approach the new market , as mortgage rates have more than doubled from their 2022 lows. The challenge is that the rate-chasing game doesn’t apply in the non-QM space.

Technology 320

Technology Clients Business Mortgage 320

Housing Wire

APRIL 5, 2023

Freddie Mac is incorporating special purpose credit programs (SPCPs), increasing the accessibility of accessory dwelling units (ADUs) and manufactured homes, and launching a correspondent lending program to assist smaller financial institutions with access to Freddie Mac’s multifamily financing.

Finance 324

Finance Tools Lending Real Estate 324

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. Origination volume for USAA Federal Savings Bank dropped 39% in 2022, declining to $5.17 in 2021, mortgage data platform Modex showed. billion from $8.47

Real Estate 68

Real Estate Lending Human Resources Insurance 68

Housing Wire

OCTOBER 6, 2022

The platform, which combines proprietary tools along with vendor-supplied solutions, offers an enhanced guided workflow that is “intuitive and significantly speeds up mortgage processing time at every step,” the company said in a statement Thursday. billion in originations through the broker channel in the second quarter of 2022.

Tools 328

Tools Technology Business Design 328

Housing Wire

MARCH 25, 2022

This week’s HW+ member spotlight features Arjun Dhingra, who serves as sales and business development at All Western Mortgage. Arjun Dhingra: Technology is not replacing us in the mortgage industry, it is enhancing and empowering us. Most importantly, it supports our industries of housing, technology, real estate and lending.

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Inventory Technology Real Estate Agent Tools 339

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. increase) fraud rose in the second quarter of 2022.

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Marketing Training Clients Technology 311