Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

Lending 340

Lending Technology Investing Loan Officers 340

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is able to “surround and extend” loan origination systems to provide a more efficient lending experience.

Lending 198

Lending Real Estate Agent Loan Officers Architecture 198

Housing Wire

OCTOBER 6, 2022

Keller Mortgage , the lending arm of real estate holding company kwx , is the latest firm to be hit by the rapidly decreasing demand for mortgages. According to the NMLS, as of October Keller Mortgage had 111 active loan officers spread across 28 branches. “We

Mortgage 369

Mortgage Real Estate Loan Officers Brokerage 369

Housing Wire

JANUARY 5, 2023

California-based Loan America, Inc. is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders.

Insurance 413

Insurance Loan Officers Mortgage Business 413

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. .

Mortgage 409

Mortgage Project Management Insurance Loan Officers 409

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

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. over the past 12 months to 6,121.

Mortgage 369

Mortgage Loan Officers Lending Business 369

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. 85%) back to the pre-crisis level of.5%,”

Insurance 369

Insurance Loan Officers Sellers Mortgage 369

Housing Wire

FEBRUARY 24, 2021

HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Quite frankly, you may consider the new trend as B2P – business to people. Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS.

Real Estate Agent 310

Real Estate Agent Real Estate Agents Loan Officers 310

Housing Wire

JUNE 24, 2021

Strong purchase lenders that historically did 70% purchase business, originated 70% refinance. And while that refi wave continues to drive some unbelievable production numbers – now is the time for mortgage professionals to focus on the purchase business that will be critical to success over the next decade. Building a Personal Brand.

Loan Officers 318

Loan Officers Lending Finance Business 318

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Lending 420

Lending Law Loan Officers Clients 420

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The mystery as to what happened to its loan pipeline and funding endure. Shocked employees didn’t receive their last paychecks. Yet Strauss, who already has a $2.45

Mortgage 397

Mortgage Investors Legal Loan Officers 397

Housing Wire

OCTOBER 13, 2021

It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. The holding company will invest in finance, insurance, and real estate businesses. Interfirst told HousingWire in August that it originated $1.65

Mortgage 318

Mortgage Investors Investing Technology 318

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. The bank has 197 active loan officers and 12 branches across the country. It has offices in seven U.S. While refis consisted of 56.7%

Real Estate 71

Real Estate Lending Human Resources Insurance 71

Housing Wire

NOVEMBER 18, 2022

This white paper will examine the growing importance of modernization in the mortgage lending industry. The document says the company will lay off 194 of its 305 employees at its headquarters in Aurora “due to unforeseeable business circumstances causing a sudden and drastic reduction in sales,” Benjamin J.

Loan Officers 415

Loan Officers Modernization Finance Housing Market 415

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.

Housing Market 409

Housing Market Marketing Contracts Finance 409

Housing Wire

JANUARY 25, 2022

Additionally, the Federal Housing Finance Agency’s recent announcement of increased upfront fees for high-balance and second-home loans is bound to create more pressure by pushing borrowers out of the market. This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans.

Mortgage 355

Mortgage Inventory Business Loan Officers 355

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

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. Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added. Stay tuned for updates.

Investing 496

Investing Loan Officers Development Technology 496

Housing Wire

FEBRUARY 3, 2022

LoanDepot’s stock at the close of business Wednesday traded at just $4.02 The industry built up the capacity to handle about $4 trillion in origination volume, but simply won’t have that much business to vie for in 2022. That is a tough business for a purchase market. They’re positioned to capture market share in 2022, he said.

Mortgage 381

Mortgage Retail Finance Investors 381

Housing Wire

OCTOBER 27, 2020

We’re the largest centralized mortgage transactional services provider in the country, backed by the country’s largest provider of title insurance services. These time-savings are critical in today’s lending environment. SF: As the transaction insurer, the title provider has a vested interest in closing and disbursing the loan.

Clients 366

Clients Technology Insurance Loan Officers 366

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy. Title plants are datasets of records that are critical to underwriting title insurance policies for real estate transactions.

Mortgage 357

Mortgage Real Estate Investing Technology 357

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: Affordable housing initiatives are on the radar of more lenders this year, but your typical loan officer may not have a lot of experience there.

Technology 371

Technology Mortgage Tools Insurance 371

Housing Wire

SEPTEMBER 28, 2023

We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment.

Technology 427

Technology Loan Officers Lending Business 427

McKissock

APRIL 20, 2021

Work with a coach to map out your business. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. If you work part-time you need to focus on generating business or going on appointments.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 369

Training Loan Officers Lending Mortgage 369

Housing Wire

MAY 1, 2023

They help run major corporations, and are the entrepreneurs building tomorrow’s great businesses. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

Lending 293

Lending Advertising Design Loan Officers 293

Housing Wire

JUNE 1, 2021

Triumph Business Capital. Genworth Mortgage Insurance. EVP, Retail Lending. Alterra Home Loans. Senior Loan Officer. Supreme Lending. Freddie Mac Single-Family Business. VP, Lending Support. Director, Business Operations. First Guaranty Mortgage Corporation. Allison Mills.

Retail 397

Retail Lending Loan Officers Finance 397

Housing Wire

AUGUST 8, 2023

Gregg Busch has shifted his business focus over the last year or so. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies.

Insurance 349

Insurance Mortgage Clients Lending 349

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

PennyMac

JUNE 28, 2022

People looking to get into the real estate business are the perfect candidates for a second home. Insurance. A second home usually means higher insurance costs for homeowners. If you’re renting, there’s also landlord insurance. If you currently have too much debt, lenders may not risk lending with you.

Tenants 36

Tenants Landlords Finance Insurance 36

Housing Wire

AUGUST 20, 2021

So yeah, a 70 mph tailwind should make any business operator grateful. These 180 firms grabbed market share, created new business models and recruited talent without ever looking back. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We 5000 map.”.

Real Estate 450

Real Estate Realty Brokerage Mortgage 450

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Homeowners Insurance. Insurance also protects you against theft.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Housing Wire

JUNE 8, 2022

Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth. The cash injection helps the company provide tech to about 200 lending institutions on its platform, including two of its investors, J.P.

Mortgage 365

Mortgage Technology Loan Officers Investing 365

PennyMac

DECEMBER 23, 2020

In response to timely economic conditions, the Fed decreases the benchmark interest rate (the base rate financial institutions use when lending) to encourage borrowing and lending among banks, businesses and consumers. 15 or 30 years) or fluctuations in the federal lending rate. Should I refinance right now?

Mortgage 36

Mortgage Lending Loan Officers Home Value 36

Housing Wire

OCTOBER 3, 2022

Regardless of the size of a lending business, having the right origination software is the first step in creating a homebuying experience built for the 21st century. It can take on ‘stare-and-compare’ and validation responsibilities, such as verification of income, assets and insurance more accurately and at scale,” Gagliano noted.

Technology 346

Technology Loan Officers Modernization Retail 346