Housing Wire

APRIL 30, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loan officer requests, effectively halving the time it takes to fulfill them.

Loan Officers 411

Loan Officers Technology Modernization Project Management 411

Housing Wire

SEPTEMBER 11, 2023

About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024. Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products.

Loan Officers 364

Loan Officers Agents Retail Technology 364

Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. Responses were received from 64 domestic banks and 20 U.S.

Lending 462

Lending Mortgage Loan Officers Government 462

Housing Wire

JANUARY 9, 2024

In 2024, regardless of mortgage lenders’ volume, Fair Isaac Corp. Moving away from the tier-based pricing structure it implemented in early 2023, FICO will also collect the same per score price for soft and hard pulls in 2024. “As Clearly the answer was that we do continue providing benefits to our broker partners.”

Loan Officers 246

Loan Officers Real Estate Agent Tools Business 246

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. Potempa had a joint venture with OneTrust from March 2022 to March 2024.

Loan Officers 381

Loan Officers Mortgage Retail Lending 381

Housing Wire

MARCH 28, 2024

The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Better posted a GAAP net loss of $59.5

Loan Officers 368

Loan Officers Technology Investing Realtors 368

Appraisal Buzz

MAY 3, 2024

At a time when growing loan volume and market share are top lender concerns, our technology provides a proven solution that has helped many other lenders grow their businesses, even in the toughest markets.”

Loan Officers 195

Loan Officers Mortgage Technology Business 195

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.

Loan Officers 355

Loan Officers Technology Lending Tools 355

Housing Wire

APRIL 18, 2024

N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS). The deal included the bank’s consumer-direct technology platform. Bill Watson, chairman of Watson Realty Corp.,

Mortgage 370

Mortgage Realty Loan Officers Retail 370

Housing Wire

FEBRUARY 15, 2024

The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023.

Loan Officers 326

Loan Officers Finance Mortgage Lending 326

Housing Wire

APRIL 10, 2024

Nominations for the 2024 Marketing Leaders award are open now through April 30. Debbie launched the marketing campaign for “A Seat at the Closing Table,” designed to train loan officers on the nuances of working with underserved borrowers and to offer toolkits and templates that will help them close more loans in minority communities.

Marketing 317

Marketing Loan Officers Real Estate Training 317

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. Our mission is to help loan originators become better at what they do in every aspect of their business and in their life,” Braheem said.

Mortgage 363

Mortgage Marketing Loan Officers Training 363

Housing Wire

APRIL 30, 2024

After striking two M&A deals late last year, digital multichannel lender Lower plans to acquire at least one other business in 2024. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 365

Retail Loan Officers Lending Mortgage 365

Housing Wire

OCTOBER 18, 2023

I asked the good folks at mortgage data technology firm InGenius to run the numbers. It’s refinancings that have fallen off a cliff , and they are unlikely to return in force in 2024. Let’s look at InGenius’s data on the number of loan officers and corresponding production levels. Take a look.

Retail 509

Retail Loan Officers Brokerage Mortgage 509

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. 5000 – 2023

Loan Officers 358

Loan Officers Mortgage Development Lending 358

Housing Wire

FEBRUARY 12, 2024

HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024? Analysts predict 2024 will bring a rise in mortgage origination volume and, potentially, several cuts to interest rate. Amanda Phillips: 2023 was a year of trials and tribulations for financial institutions.

Mortgage 347

Mortgage Technology Inventory Lending 347

Housing Wire

JANUARY 23, 2024

Constellation Software ’s Dark Matter Technologies rolled out an automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Technology 254

Technology Loan Officers Design Development 254

Housing Wire

APRIL 1, 2024

By the end of second-quarter 2024, Flyhomes hopes to be licensed and operational in 40 states. “So, While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry. So, we are just going through that process now and on track to hit that target.

Loan Officers 343

Loan Officers Clients Mortgage Construction 343

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. Financial details of the merger, which is expected to close in the first quarter of 2024, were not disclosed.

Mortgage 390

Mortgage Retail Loan Officers Finance 390

Housing Wire

JANUARY 4, 2024

But for a technology executive, coming in at a time like that is where you get to pull back and calibrate with the executive team on what’s really important. As a 14-year-old company, there’s a lot of technology and it was a great opportunity for me to come in and look at the foundational technologies the company was built on.

Technology 298

Technology Loan Officers Modernization Development 298

Housing Wire

FEBRUARY 16, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with New American Funding CEO and Co-founder Rick Arvielo to talk about the acquisition, the company’s strategy for the rest of 2024, and what differentiates NAF in this market. Sarah Wheeler: Market conditions have fueled a lot of M&A activity recently. That’s why we started NAF Cash.

Loan Officers 369

Loan Officers Retail Clients Real Estate Agent 369

Housing Wire

DECEMBER 11, 2023

ICE Mortgage Technology estimated tappable home equity – the value borrowers can borrow while still preserving at least a 20% equity stake in the home – was $10.6 For 2024, roughly 75% of origination volume is expected to come from purchase loans. in 2024, followed by 5.5% in 2024 before declining to 6.9%

Mortgage 450

Mortgage Buyers Inventory Technology 450

Housing Wire

MARCH 30, 2023

Tech advancements in the broker space, which caught up to retail lenders ‘ levels, were another factor that helped him make the transition. “I think maybe if you look back a few years, the broker space from a technology perspective was lacking, but has really caught up to where retail was (…). How big is the company?

Mortgage 343

Mortgage Retail Loan Officers Brokerage 343

Housing Wire

DECEMBER 21, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Kathryn Amor, senior vice president and head of enterprise products at Guaranteed Rate , to talk about the intersection of product and technology. We’re on the brink of seeing that in 2024. Sarah Wheeler: You joined Guaranteed Rate in January of 2023.

Technology 317

Technology Investors Development Loan Officers 317

Housing Wire

JULY 20, 2023

Both ‘consumer-facing technology’ and ‘talent management & leadership’ ranked in the top three (24%) to help improve customer experience and drive sales. “[We We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

Lending 335

Lending Technology Business Construction 335

Housing Wire

MARCH 15, 2024

This put any long-term decisions on hold until Peskin and the company could determine a way forward, but the arrival of 2024 saw the formation of a deal that would effectively continue the original plan, Peskin said. Over time, people can learn both products, especially with the use of technology,” he explained.

Loan Officers 339

Loan Officers Business Mortgage Clients 339

Housing Wire

FEBRUARY 10, 2022

How it fulfills that mission will be determined, in part, by changes to its Duty to Serve plan for 2022 to 2024, which the Federal Housing Finance Agency asked Freddie Mac and Fannie Mae to revise. During the balance of 2022, DeVito said, Freddie Mac would “continue to emphasize strategic priorities and a renewed focus on mission.”.

Landlords 388

Landlords Tenants Finance Government 388

Housing Wire

APRIL 17, 2023

Today, we can’t justify the expense to implement that technology , but in the future, if we see enough demand, we’d definitely consider it. Interestingly, our company gets a lot of insight about what customers want and/or customer issues from our loan officers.

Loan Officers 300

Loan Officers Investors Valuation Real Estate 300

Housing Wire

DECEMBER 11, 2023

Sadly, those hypotheticals are still a reality for some , even as we approach 2024. According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond.” Let’s make the most of each opportunity.

Real Estate Agent 407

Real Estate Agent Real Estate Agents Lending 407

Housing Wire

JUNE 2, 2023

The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. And 2024, 2025 and 2026, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% We’ll get a lot better in 2024.

Retail 346

Retail Inventory Mortgage Loan Officers 346

Housing Wire

SEPTEMBER 22, 2023

So, the servicing valuation on those loans is strong, because pre-payments are low. We expect production volumes to remain low through 2024 and start to pick up maybe toward the end of 2024. The employment data comes out on a lag basis for brokers and loan officers. It’s a bifurcated market in that sense.

Housing Market 418

Housing Market Marketing Buyers Investors 418

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs).

Housing Market 374

Housing Market Marketing Contracts Finance 374

Housing Wire

SEPTEMBER 26, 2023

Blend, which aims to be profitable in 2024 , rolled out a number of products and services this year, including an AI-powered chat tool and soft credit pull function.

Mortgage 303

Mortgage Tools Sellers Loan Officers 303

Clear Capital

APRIL 1, 2024

Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Determine tappable home equity for your existing customers.

Lending 36

Lending Valuation Home Value Design 36

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Still, a revival in purchase originations is anticipated in 2024 as the market adjusts and more homes become available. For the remainder of the year, mortgage originations are expected to remain stagnant.

Appraisal 80

Appraisal Contracts Business Construction 80