Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Top recommended AI application ideas included compliance, underwriting and property valuation.

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Technology Lending Valuation Mortgage 386

Housing Wire

SEPTEMBER 12, 2023

If you regulate everyone out of the business , who is left to originate and service these loans?” MBA is also keeping an eye on a developing case before the U.S. MBA is also looking ahead to a U.S. District Court for Maryland where the CFPB and the U.S.

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Appraisal Buzz

APRIL 15, 2024

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it.

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Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate. The Appraisal Review.

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Real Estate Lending Valuation Appraisal 221

Housing Wire

AUGUST 30, 2022

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

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Tools Lending Technology Valuation 407

Housing Wire

JUNE 6, 2023

Keith Austin has been promoted to director of asset management and valuation services. He will also continue to oversee the valuation team, which handles valuation requests from operations and ensures compliance with regulatory requirements. Cenlar FSB , the second-largest mortgage servicer and largest subservicer in the U.S.,

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Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. Rocket Mortgage , America’s largest lender, made its debut in the summer and is now trading at a $45 billion valuation.

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Valuation Retail Mortgage Inventory 373

Housing Wire

APRIL 24, 2023

But, how you structure those agreements and the partnership you develop can make a big impact on how that service thrives. As an industry leader, maintaining relationships with mortgage and title professionals could take your business to the next level, and mortgage professional David Lykken wants to help you achieve those goals.

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Real Estate Brokerage Valuation Insurance 337

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

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Law Legal Valuation Government 421

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. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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Mortgage Retail Technology Lending 339

Simonson Real Estate

AUGUST 24, 2020

Our adaptive, hassle-free and convenient appraisal process will provide you with the confidence to make the right business decision for your needs, no matter what the market is doing. It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S.

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Lending Construction Tenants Real Estate 148

Housing Wire

AUGUST 10, 2021

Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. Just one week after its announcement that it would merge with lender Homebridge Financial Services , the company revealed a partnership with loan servicing software developer Sagent. billion valuation.

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Mortgage Technology Investors Development 379

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

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Real Estate Realty Lending Mortgage 370

Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. Leveraging our own real estate data and analytics to amplify our broker- and appraisal-based valuation services, Clear Capital delivers highly-accurate information with rapid turn-times and a robust quality control process,” said Kenon Chen, EVP of corporate strategy. “Our

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Valuation Development Technology Real Estate 249

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below. We do that.

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Lending Appraisal Property Taxes Training 99

Housing Wire

JUNE 6, 2022

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. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5

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Mortgage Loan Officers Lending Human Resources 421

Appraisal Buzz

JUNE 27, 2022

Class Valuation, McKissock, and DataMaster are hosting a Free webinar on “ Staying Relevant in the Appraisal Industry ” June 28th at 2 pm with Mel Black, Matt Simmons, Jared Preisler, and Lamar Ellis. Lamar: I have over 30 years of real estate valuation experience and hold the Appraisal Institute designations of MAI and SRA.

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Appraisal Inspection Valuation Real Estate 195

Housing Wire

AUGUST 7, 2020

Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga. North American Title Company has named Richard Yankowski as its managing director of Florida’s business.

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Technology Law Lending Legal 265

Housing Wire

JANUARY 22, 2021

It officially merged on Thursday with special purpose acquisition company Gores Holdings IV , giving the combined company a valuation of $16.1 The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare. Presented by: Black Knight.

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Mortgage Technology Investors Business 520

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. In these responses, I hear a lending industry clamoring for the freedom to use the “new tools” that already exist.

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Technology Appraisal Valuation Lending 397

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? Taylor Stork, chief operating officer at Developer’s Mortgage Company , agrees. It’s not subprime lending.

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Lending Investors Mortgage Clients 371

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed.

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Real Estate Investing Investors Renovations 384

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Technology hasn’t been the barrier since 1998 when Equifax, and later other firms, developed systems to secure complex, multi-party transactions over the Internet.

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Real Estate Supply Chain Architecture Brokerage 355

Housing Wire

FEBRUARY 18, 2022

This week’s HW+ member spotlight features John Brenan, vice president of Valuation Policy and chief appraiser at Clear Capital. At Clear Capital, Brenan oversees the quality of the company’s appraisal and valuation products and implements changes to continually evolve the program. .

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Training Valuation Appraisal Real Estate 375

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Attorneys, Realtors and clients are a big part of our repeat business.”

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Buyers Agents Loan Officers Real Estate 394

Appraisal Buzz

AUGUST 15, 2022

Mark: I have 13 years in the AMC industry working with mid-sized and large mortgage lenders performing operations, vendor management, and business development at the C-Level. Mark: Incenter’s growth in the lending world includes some of the largest military-based and non-bank lenders in the country. We put appraisers in control!

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Valuation Appraisal Inspection Modernization 195

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

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Training Technology Real Estate Valuation 257

Housing Wire

AUGUST 16, 2021

. “We demonstrated the strength of our business by delivering our best quarter of all-time in terms of overall production and purchase production,” Ishbia said in a statement. Earlier this month it revealed that it would be developing a real estate brokerage and an iBuying arm. UWM, which originated $182.5

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Development Mortgage Retail Business 397

Housing Wire

MAY 2, 2021

Appraisal is one of the most time-consuming and inefficient parts of the lending process,” said Brian Zitin, co-founder of Reggora. “In Reggora is designed for the future of valuation, which is expected to embrace new synergies between technology, data and human intelligence. Brian Zitin, Co-Founder and CEO.

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Appraisal Appraisal Process Valuation Loan Officers 211

Housing Wire

AUGUST 12, 2020

Blend announced Wednesday it has raised a $75 million Series F round at a valuation of nearly $1.7 This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans. Stay tuned for updates.

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Investing Loan Officers Development Technology 496

Valuation Review

OCTOBER 27, 2021

to acquire Genesis Capital LLC, a leading business purpose lender that provides innovative solutions to developers of new construction, fix-and-flip and rental-hold projects and acquire a related portfolio of loans. New Residential Investment Corp.

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Lending Construction Development Investing 60

Housing Wire

FEBRUARY 7, 2023

“For these reasons, the enterprise should not accept MSR valuations provided by seller/servicers without an independent evaluation.” ” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development.

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Sellers Investors Valuation Finance 302

Housing Wire

OCTOBER 14, 2022

Now retired, Mohtashami has years of direct lending experience and his astute analysis of economic data allows him to present a unique, informed and unbiased perspective on the financial markets. His work focuses on helping Freddie Mac develop its economic outlook, including forecasts of trends in the economy and housing markets.

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Housing Market Marketing Real Estate Finance 470

Housing Wire

JULY 19, 2021

Shares closed trading at $20.90, giving Blend a valuation of around $4.6 The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. “So, the roadshow was very, very well received.”

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Insurance Investors Technology Real Estate Agent 384

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. If you make appraisers mad, it impacts your ability to be able to do business.”.

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Government Appraisal Reconsideration of Value Lending 370

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. If you are new and never used Facebook, go ahead and create a Facebook profile and a Facebook page for your business. You may be wondering where in the world I’ve been.

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Marketing Real Estate Agent Real Estate Appraisal 300

Housing Wire

MAY 2, 2021

One of the first steps in determining a property’s value is the use of an Automated Valuation Model (AVM). Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle. With that said, not every AVM is created equal.

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Valuation Home Value Lending Technology 355