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. However, the report states there’s no final decision on the timing and valuation.

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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.

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Housing Wire

SEPTEMBER 9, 2022

So below, I highlight some beyond-the-headlines opportunities and offer tips to companies and individuals as we navigate this fintech winter of 2022. And in broader financial technology, public company fintech valuations are down 70-80%. The post <strong>Who will survive the fintech winter of 2022?</strong>

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Appraisal Buzz

DECEMBER 27, 2021

Experts expect home price growth to moderate in 2022, but the lessons learned over the past two years are sure to change the industry in the long term. This change will be effective starting in 2022 and should reduce inefficiencies in the mortgage and homebuying process. Here are a few trends that are here to stay. More Remote Contact.

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Housing Wire

JANUARY 25, 2023

Real estate valuation technology company Clear Capital has conducted a new round of layoffs as part of a company restructuring plan. We looked at this as not just an adjustment to the current market climate, but also looking at the current shift that’s happening in the valuation industry.

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Housing Wire

FEBRUARY 4, 2022

Facing the difficult combination of record-breaking volume and a shortage of appraisers, many mortgage and appraisal professionals have turned to appraisal technology solutions. And it’s really important to understand how the use of technology is not a benefit, it’s a requirement.

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Housing Wire

JANUARY 14, 2022

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. We have reviewed and analyzed recent stakeholder and government data, and we are pleased to deliver the following analysis and predictions for 2022.

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Housing Wire

SEPTEMBER 28, 2023

Since ICE announced plans to acquire Black Knight in May 2022, the firm went through a bumpy 16-month-period facing antitrust concerns from the Federal Trade Commission (FTC), lawmakers and trade groups. billion and $2.07

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Housing Wire

JULY 6, 2023

The Consumer Financial Protection Bureau (CFPB) released its 2022 Fair Lending Annual Report to Congress last week, which illustrates how it took aim last year at redlining and appraisal discrimination in pursuit of its enforcement and supervision, guidance and rulemaking, interagency coordination, and outreach and education missions.

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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. billion public valuation for LendCo when it goes public. billion valuation in a venture-backed funding round in 2021. Cagney expects to land a $2.5

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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. He also held the role of senior vice president and director of valuation at New City Corporation.

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Housing Wire

FEBRUARY 7, 2023

“Integrations with leading LOS providers like Mortgage Cadence allow lenders to easily consolidate new technologies into their existing stack, enabling a more efficient and successful implementation and ramp,” Maki said. Snapdocs claims that its technology can help to close 40% more loans. billion and its total funding to $260 million.

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Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

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Housing Wire

JANUARY 20, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. Additionally, get a look ahead to what we can expect for 2022. Mike Fratantoni Chief Economist, Senior Vice President, Research and Industry Technology, MBA. Hosted by Mortgage Capital Trading. Phil Rasori COO, Mortgage Capital Trading.

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Housing Wire

FEBRUARY 6, 2023

He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. UWM went public in January 2022 after merging with a special purpose acquisition company (SPAC) named Gores Holdings IV. The deal gave the combined company a valuation of $16.1 million in the third quarter of 2022.

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Housing Wire

FEBRUARY 7, 2023

The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. Per Inside Mortgage Finance data, Guild was the 26th largest mortgage originator in America in 2022, producing $19 billion in volume. billion in the fourth quarter of 2022 from $4.4

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Housing Wire

APRIL 4, 2023

It is a key missing piece of ICE’s tech stack,” Ryan Tomasello , managing director of Keefe, Bruyette & Woods , said during a session at the Mortgage Bankers Association Technology Solutions Conference & Expo on Tuesday. ICE and Black Knight also amended their deal terms to reduce the valuation of Black Knight to $11.8

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Housing Wire

MARCH 3, 2023

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement.

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Housing Wire

JANUARY 18, 2024

“We saw the challenges created by the Fidelity National Financial and First American Title cyber events prompted lenders’ risk & compliance, operations, funding & accounting teams to address the impact of bank closures, widespread technology or data outages and preparing for those challenges today,” Suri added.

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Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Technology makes this possible as it builds new efficiencies. Their preference for an efficient, technology-driven process comes through loud and clear.

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Housing Wire

SEPTEMBER 5, 2023

FTC accepted a binding settlement that both firms will divest Black Knight’s two businesses, settling FTC charges in March that ICE’s deal with Black Knight, which combines the two top mortgage technology providers, would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools.

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Appraisal Buzz

SEPTEMBER 19, 2022

Valuation Expo 2022 at the Mirage Hotel in Las Vegas was a record-breaking success! With our highest numbers recorded for attendance in the last 10 years, Valuation Expo provided everyone with the connections they wanted and need to build their business. Class Valuation and Clear Capital were our platinum sponsors.

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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.

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Housing Wire

AUGUST 28, 2023

Fee pressure was followed by appraisal management company (AMC) requests for revisions (28%) and technology fees (26%), a category that was not included in 2022 survey responses. In 2023, nearly half of appraisers surveyed said fee pressure was their biggest challenge, up 20 percentage points since last year.

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Housing Wire

JANUARY 12, 2023

trillion spike in tappable home equity in the first quarter of 2022 was a stunner, especially as it topped off a 12-month period that saw a 34% collective gain among mortgage holders. Leading-edge technology products/solutions. Technology solutions can vary widely from one provider to another. Black Knight’s report of a $1.2

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Technology Inspection Valuation Tools 397

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Pages 5 and 6 of the report set forth 21 recommendations, termed “Agency Actions to Advance Valuation Equity.” Stay tuned.

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Housing Wire

MAY 17, 2023

When Q4 2022 data is broken down by home equity transaction type, home equity line of credits (HELOCs) accounted for 53% percent of originations, while closed-end home equity loans (HELs), also known as HELOANs, made up 47%. Delinquency on home equity products has also remained low.

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Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Those savings will be used for additional technology improvements and produce specialized products to address “today’s housing market challenges,” he said.

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Housing Wire

DECEMBER 8, 2022

“They give you the ability to scale the amount of appraisals you can do with the current appraiser population that you have, and that’s an important part of all the modernization initiatives that have been going on,” said Scot Rose, chief innovation officer at Class Valuation. Secondly, make sure you have the right technology in place.

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Housing Wire

APRIL 30, 2022

In February 2022, Fannie Mae and Freddie Mac added 1004 Desktop/70D Appraisal products to their Selling Guide for new purchase loans. Clear Capital’s desktop appraisal solutions offer an easy way to obtain property information by pairing seasoned brokers and appraisers with innovative mobile phone technology, ClearInsight and CubiCasa.

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Appraisal Valuation Technology Real Estate 370

Housing Wire

AUGUST 31, 2023

The proposed consent order settles FTC charges in March that ICE’s deal with Black Knight, which combines the two top mortgage technology providers, would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. The consent agreement now goes through a public comment period.

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Housing Wire

AUGUST 25, 2022

With 2022 more than halfway behind us, economic indicators continue to forecast minimal refinance volume while purchase volume faces its own headwinds. In fact, remodeling expenditures set a new annual high of $391 billion in Q1 of 2022 – a number that’s difficult to ignore.

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Lending Valuation Appraisal Process Appraisal 397

McKissock

FEBRUARY 24, 2023

Below is a list of five useful appraisal technology webinars available right now in our membership toolkit. If you already have an Unlimited Learning Membership, you can access all of these appraisal technology webinars for free under the “Learning Library” tab in your membership dashboard. Not yet a member?

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Housing Wire

MAY 17, 2022

Inco-Check has not only developed proprietary technology to support its clients, it also uses these same tools to provide a highly differentiated service offering, making it a one-stop shop for software and tech-enabled services,” said Michael Detwiler, who partnered with NGC on the acquisition, in a statement.

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Logistics Legal Investors Technology 370

Housing Wire

JANUARY 27, 2022

Collateral valuation is a critical component of mortgage lending and the home sales. With the federal foreclosure moratorium expiring in 2022, the market will undoubtedly see growth in foreclosure transactions as it tries to catch up on both past and present loans. Hosted by Stavvy.

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Appraisal Buzz

APRIL 20, 2022

has launched its new nationwide desktop appraisal data collection service to fully enable the new property valuation method called desktop appraisal endorsed and approved by Fannie Mae and Freddie Mac that started on March 19, 2022. Asteroom Inc.

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Appraisal Buzz

JULY 20, 2022

Indianapolis, Indiana, July 20, 2022 (AppraisalBuzz.com; Newswire.com) – SettlementOne Valuation, a leading provider of credit, data, and appraisal management services to the U.S. Michelle’s experience, talent, and understanding of valuation management is known throughout the industry. About SettlementOne Valuation .

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