Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. Mike is an experienced mortgage loan officer. How marketing automation saved Mike’s business. Not anymore.

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Business Marketing Technology Tools 406

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. CFPB’s probe into mortgage lenders The CFPB’s probe into mortgage lenders was shared back in Fall 2021.

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Mortgage Lending Law Loan Officers 415

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. 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. TikTok is probably 40% to 45% of my business.”

Loan Officers 357

Loan Officers Tools Business Clients 357

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. .

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Mortgage Retail Loan Officers Technology 370

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. About 80% of the mortgages at Better are now being funded as one-day products, Garg noted.

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Loan Officers Technology Investing Realtors 380

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

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Mortgage Project Management Insurance Loan Officers 379

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

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Loan Officers Retail Real Estate Agent Real Estate 355

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Loan Officers Technology Lending Tools 366

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies.

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Buyers Loan Officers Real Estate Agent Agents 366

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Cornerstone Servicing ’s client portal provides complete, real-time portfolio analytics and loan-level data to enable smart portfolio management. billion in assets.

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Loan Officers Clients Design Lending 331

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 portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. The company had production volume of $148.76

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Retail Tools Loan Officers Design 360

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. Register for the FinLedger Daily Newsletter.

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Business Law Real Estate Investors 457

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. To view the complete research, click here.

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Inventory Marketing Mortgage Supply Chain 392

Housing Wire

JUNE 30, 2022

Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. At UWM, we’re always looking for ways our brokers can grow their business,” said Justin Glass, Senior Vice President and Chief Digital Officer at UWM.

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Mortgage Real Estate Agent Clients Tools 297

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. “I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. and is licensed in 50 states.

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Loan Officers Retail Lending Investing 321

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse.

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Finance Real Estate Agent Real Estate Insurance 428

Housing Wire

SEPTEMBER 30, 2021

The use of tech in the current mortgage application process is disjointed and siloed. Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. Hassan Rashid, Chief Revenue Officer. Mohammad Rashid, Head of Fintech Practice.

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Loan Officers Architecture Real Estate Agent Clients 295

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Design your ideal client, the type of borrower you’d love to work with, and go from there. “If

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Loan Officers Business Mortgage Clients 291

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. It is also turning Acra’s business into a technology-first one, the statement said. The private mortgage lender will feature the implementation of a non-QM AUS platform soon, the statement noted.

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Lending Technology Design Investors 346

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. However, not all LOs and brokers are set up to take on an influx of non-QM business.

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Lending Investing Loan Officers Design 365

Housing Wire

JUNE 24, 2021

PPP may have meant something different in 2020, but this year the 3 P’s are the guiding light to long-term mortgage success and domination. Strong purchase lenders that historically did 70% purchase business, originated 70% refinance. The Pulse of Consumer Shopping Behavior: Mortgage Purchase, Refi & More.

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Loan Officers Lending Finance Business 290

Housing Wire

SEPTEMBER 30, 2020

The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster. Origence designed its platform with the ability to continually transform and stand the test of time.

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Lending Modernization Mortgage Technology 196

Housing Wire

AUGUST 8, 2023

Today’s low-volume, purchase-focused market is more competitive than ever, as mortgage lenders work to win more market share than their neighbor and aim to be as profitable as possible. First, the PPE should be architecturally designed to accommodate any lenders’ unique business strategy or use case.

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Architecture Technology Loan Officers Design 307

Housing Wire

MARCH 24, 2021

A week after the deadline to pick sides in United Wholesale Mortgage ‘s “all-in” ultimatum to mortgage brokers, Fairway Independent Mortgage is speaking out. “However, there’s a clause in those 19 pages that says if you lock a loan with UWM…let’s say we lock it at 3.5% Be a leader.

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Real Estate Agent Retail Real Estate Design 380

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. One group of industry players — loan underwriters — are the chief cause of the logjam. They don’t underwrite every loan in an MSR trade,” he explained.

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Loan Officers Supply Chain Mortgage Marketing 419

Housing Wire

FEBRUARY 28, 2022

The mortgage industry headed into 2022 after a strong showing in back-to-back years. Pennymac has long served as one of the mortgage industry’s leading partners. Pennymac has long served as one of the mortgage industry’s leading partners. 2022 still holds great opportunity for the industry but it also signals a pivot point.

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Technology Clients Business Investing 328

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. The mortgage industry has been moving in the direction of being more digital. mortgage market by origination volume, according to HMDA data.

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Investing Loan Officers Technology Development 487

Housing Wire

JUNE 2, 2021

Prior to SimpleNexus, Schreiner Gates served as the EVP of sales and marketing at digital mortgage technology provider Ellie Mae (now ICE Mortgage Technology ). In the interview, he spoke of creating an “end-to-end” mortgage experience, a common refrain in the housing fintech space.

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Real Estate Agent Development Real Estate Technology 246

Housing Wire

AUGUST 31, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. State of Mortgage Automation. Indecomm’s automation continuum showcases several potential opportunities for RPA across the mortgage origination lifecycle.

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Lending Technology Tools Training 404

Housing Wire

MAY 2, 2021

With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience.

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Appraisal Appraisal Process Valuation Loan Officers 208

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 384

Housing Wire

MARCH 7, 2024

We, like many companies, have a lot of knowledge in email systems across our business. I like to think about how much more business each of our people could be doing if they are able to focus on the human elements of a transaction. One of the things that we are always conscious of at First American is the concept of proprietary IP.

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Real Estate Investing Human Resources Technology 358

Clear Capital

JULY 13, 2023

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. To learn more about Encompass, visit [link].

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Modernization Technology Appraisal Mortgage 67

Housing Wire

JULY 13, 2023

CoreLogic , a provider of real estate data, analytics, and solutions, unveiled this week an upgrade to its CoreLogic Discovery Platform, offering users streamlined access to data-driven business analysis. The recent enhancement introduces pre-designed solutions tailored to assist mortgage lenders in transforming data into valuable insights.

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Design Loan Officers Real Estate Business 64

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. Take, for example, Miami-based proptech firm Realfinity , which aims to challenge the status quo with a new business venture.

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Real Estate Agent Loan Officers Real Estate Agents 413

Housing Wire

JANUARY 22, 2024

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. Coggiola will be responsible for Polly’s product, implementation, support and design teams, working toward seamless cross-organization collaboration. before it was acquired by ICE in 2020.

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Technology Mortgage Loan Officers Clients 336

Housing Wire

MAY 23, 2024

Bettios has been at NFM Lending for seven years and previously worked at US Bank Home Mortgages and First American Mortgage Solutions. Sarah Wheeler: You’ve been on different sides of the mortgage transaction. And we have 500 loan officers that are on the street every day and I can always go to them for ideas.

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Loan Officers Lending Technology Development 345