Housing Wire

MAY 10, 2021

Lending and services platform Finance of America Inc. announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Homeowners can also use it to access financing solutions through their contractor.

Renovations 383

Renovations Finance Home Improvement Lending 383

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HW: How has mortgage finance changed in the last few years?

Lending 386

Lending Finance Clients Client Relationships 386

Housing Wire

JANUARY 7, 2021

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. The post Acra Lending launches new jumbo prime program appeared first on HousingWire.

Lending 370

Lending Development Design Finance 370

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

Lending 360

Lending Loan Officers Mortgage Investors 360

Housing Wire

MAY 7, 2024

Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. He’s replacing Gibson, who spent nearly five years leading the TPO channel and focusing on client experience. lender in the space.

Finance 396

Finance Lending Clients Investing 396

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Added Value to Clients. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.

Lending 406

Lending Valuation Clients Tools 406

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

Brokerage 395

Brokerage Real Estate Lending Mortgage 395

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. The lower comp rate stung.

Loan Officers 454

Loan Officers Clients Law Legal 454

Housing Wire

MAY 17, 2023

Keith Lind, CEO of Acra Lending , which launched a fix and flip lending program last year, said there are a lot of “compounding issues” now facing investors in the space. “A A year ago, we were offering to lend 85% loan-to-cost or 90% loan-to-cost, and that’s down to like 75% loan-to-cost.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

JUNE 30, 2021

Now, the focus is on the hot purchase market, and brokers are looking for solutions outside the conventional conforming product box to assist their client base. That’s where Finance of America Mortgage (FAM) TPO’s Two-X Flex suite of proprietary jumbo and non-QM products comes into the picture.

Finance 284

Finance Lending Clients Technology 284

Housing Wire

DECEMBER 2, 2020

Blackstone Group -controlled Finance of America posted record margins and originations in the third quarter , ahead of its public offering via a blank check company in 2021. billion of it coming through its forward-lending arm. The company funded $9.17 billion in the third quarter, with about $8.5 Presented by: WFG. billion valuation.

Finance 234

Finance Lending Retail Business 234

Housing Wire

NOVEMBER 8, 2021

First, he has his clients lender call the listing agent. But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.

Clients 395

Clients Agents Buyers Sellers 395

Housing Wire

DECEMBER 7, 2023

The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment. That’s made Flagstar a true partner to the 3,600 clients the bank has served in its 35-plus year history.

Lending 326

Lending Clients Business Technology 326

Housing Wire

APRIL 25, 2024

Kristen Sieffert, president of Finance of America Reverse, speaks during The Gathering by HousingWire on Monday, April 21, 2024. Photo credit: AJ Canaria Reverse mortgages became an unexpectedly prominent topic during certain parts of The Gathering by HousingWire , held earlier this week in Scottsdale, Arizona.

Mortgage 352

Mortgage Finance Real Estate Best Value 352

Housing Wire

OCTOBER 30, 2023

John Mezzasalma, Cenlar’s previous senior vice president of finance, replaces Schneider as the company’s new acting chief financial officer while James Daras remains the CEO. Prior to his promotion at the servicing giant, Schneider served as chief financial officer of Cenlar for four months.

Project Management 431

Project Management Lending Finance Clients 431

Housing Wire

MAY 5, 2023

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). With the Optimal Blue PPE’s extensive network of HFA content, lenders using the platform will now have access to more diverse financing options for their clients.

Investors 373

Investors Finance Clients Real Estate 373

Housing Wire

APRIL 4, 2022

SitusAMC is a provider of “technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries” but the Warehouse Administration Services launch is aimed at supporting mortgage warehouse lenders, who provide lines of credit to originators. Presented by: Wolters Kluwer.

Lending 375

Lending Technology Clients Finance 375

Housing Wire

JUNE 20, 2023

Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Prior to joining Truist, Smith led the mortgage lending, insurance and title businesses affiliated with Keller Williams.

Business 367

Business Mortgage Retail Lending 367

Housing Wire

NOVEMBER 1, 2023

Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals. We are excited to welcome Voxtur Appraisal Services’ seasoned team of professionals and Voxtur clients,” said Paul Doman , president and CEO of Accurate Group.

Appraisal 415

Appraisal Valuation Clients Real Estate 415

Housing Wire

APRIL 8, 2021

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm.

Retail 396

Retail Lending Clients Finance 396

Housing Wire

JULY 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

Insurance 367

Insurance Brokerage Clients Real Estate Agent 367

Housing Wire

APRIL 23, 2024

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. Each year, Rocket employees participate in 65 million calls with clients, including 3.1

Tools 396

Tools Clients Investing Finance 396

Housing Wire

SEPTEMBER 13, 2022

KBRA Analytics , an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals , which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. KBRA Analytics’ acquisition of DLD closed quietly on Aug.

Lending 370

Lending Finance Investors Clients 370

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 407

Loan Officers Retail Finance Buyers 407

Housing Wire

JANUARY 5, 2024

The Federal Reserve When your clients express concern about interest rates, they’re likely referring to the larger-scale changes with long-term effects that are tied to the Federal Reserve (“The Fed”) and its monetary policy. Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger.

Real Estate 437

Real Estate Agents Marketing Sellers 437

Housing Wire

FEBRUARY 27, 2024

After slowing to a 30-year low in 2023, the gears of housing finance are re-engaging. Mortgage lending businesses tend to place the greatest value on production-oriented LOs — and it shows in compensation formulas tuned in to new applications and new loans rather than customer retention and loyalty.

Finance 416

Finance Clients Technology Business 416

Appraisal Buzz

MAY 23, 2024

The integration helps lenders make affordable home financing opportunities more accessible while growing business and forging referral partnerships, Down Payment Resource says in a release. We’re giving lending staff everything they need to know the moment a loan needs to be created.”

Mortgage 195

Mortgage Loan Officers Lending Finance 195

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The transaction doubled Planet’s clients base in the correspondent space, with 60% of these clients delivering loans monthly to the lender, Dubeck said. million in cash.

Retail 395

Retail Mortgage Lending Renovations 395

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. It will maintain its headquarters in Salt Lake City. in 2021 to $433 billion.

Renovations 396

Renovations Home Improvement Marketing Finance 396

Housing Wire

JANUARY 18, 2022

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. According to Milo’s press release , clients who use the company’s services can pledge their Bitcoin to purchase a property. If a client qualifies, they will receive a low interest rate 30-year crypto mortgage, the company said.

Mortgage 481

Mortgage Clients Real Estate Technology 481

Housing Wire

MARCH 17, 2023

Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response. Future development projects will follow this collaborative approach with our clients and strategic partners. Candor Technology Inc. ,

Mortgage 364

Mortgage Clients Technology Development 364

Housing Wire

JANUARY 10, 2024

Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Mortgage 433

Mortgage Lending Loan Officers Design 433

Housing Wire

JUNE 16, 2022

The Scottsdale, Arizona-based company secured $60 million in equity and $55 million in debt financing, according to a Thursday news release from the firm. For the HomeLight Cash Offer program, also introduced two years ago, the firm makes an all-cash offer on the client’s behalf and holds the home until the client secures financing.

Brokerage 360

Brokerage Real Estate Lending Clients 360

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. Homeowners can convert their equity to cash by selling their homes to EasyKnock and staying on as renters.

Tenants 376

Tenants Loan Officers Finance Clients 376

Housing Wire

FEBRUARY 2, 2023

In turn, the mortgage service company plans to capitalize on cross-selling products to clients, large home lending banks investing in their legacy infrastructure and increasing sales to new mortgage shops in 2023. “We Impacted mortgage professionals who are starting mortgage shops are becoming new ICE clients, executives said.

Technology 380

Technology Mortgage Clients Lending 380

Housing Wire

DECEMBER 21, 2023

The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements.

Mortgage 437

Mortgage Renovations Appraisal Process Finance 437

Housing Wire

MAY 30, 2023

The decision is part of UBS’s strategy to focus more on financing mortgage originators , the outlet said, citing an anonymous source discussing non-public information who asked not to be identified. “We The mortgage-trading decision comes on the heels of UBS working to integrate the operations of Credit Suisse Group AG.

Business 390

Business Mortgage Finance Design 390