Housing Wire

OCTOBER 26, 2020

As one of the largest correspondent investors in the country, AmeriHome is focused on being a consistent, reliable partner to its clients. We believe in being a true partner to our clients,” said John Hedlund, chief operating officer of AmeriHome. “We They also moved their client symposium to a virtual format.

Client Relationships 384

Client Relationships Clients Technology Business 384

Housing Wire

JANUARY 16, 2024

California-based fix-and-flip lender Anchor Loans launched a third-party originator (TPO) channel to serve mortgage brokers, banks, private and non-qualified mortgage (non-QM) lenders and other referral partners whose clients are home builders, developers and investors.

Investors 441

Investors Housing Market Finance Construction 441

Housing Wire

NOVEMBER 21, 2022

Amid surging rates, declining volumes and a reduced appetite from investors in the secondary market, there are a growing number of casualties in the mortgage space, especially in the riskier non-QM segment. FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June.

Investors 370

Investors Investing Real Estate Clients 370

Housing Wire

SEPTEMBER 29, 2020

Right now, while things are good, invest in cross-training your staff. Their overarching goal is to help grow happiness — for customers, for clients and for their staff. Their overarching goal is to help grow happiness — for customers, for clients and for their staff. Tip #3: Start marketing now.

Lending 432

Lending Loan Officers Business Investors 432

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential.

Mortgage 384

Mortgage Investors Retail Investing 384

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 421

Mortgage Clients Lending Investors 421

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

Modernization 370

Modernization Mortgage Lending Investors 370

Housing Wire

APRIL 30, 2021

New GSE guideline updates to Fannie Mae and Freddie Mac forces them to cap the amount of second home and investor properties delivered at 7%. The FHFA’s announcement that they will be reducing mortgage purchases to 7% of a lender’s pipeline of second home and investment properties has thrown some originators’ volume into disarray.

Investors 410

Investors Investing Clients Retail 410

Housing Wire

MARCH 17, 2022

During the transactions, Apollo purchased eNote digital mortgage assets, originated by Figure on the Provenance Blockchain and registered on its Digital Asset Registration Technologies (DART) platform, via an investment vehicle it manages on a blockchain-based marketplace.

Technology 466

Technology Landlords Valuation Lending 466

Housing Wire

MAY 17, 2022

Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

Logistics 370

Logistics Legal Investors Technology 370

Housing Wire

JUNE 2, 2021

At the time, Volly cited the union as a means for the company’s lending clients to utilize Home Captain’s concierge and technology offering throughout the homebuying and mortgage origination process. Jason Tagler, General Partner and Managing Member of Camden Partners, joined the Volly board as part of this investment.

Mortgage 439

Mortgage Real Estate Technology Clients 439

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

MARCH 1, 2021

“When rates go up, the QM market can have a visceral reaction when the supply disappears, fast, and I think that is a huge tailwind for non-QM,” said Keith Lind, Executive Chairman and President of Acra Lending. Above all, Lind stressed the flexibility that non-QM offers for clients in unique or underserved situations.

Lending 397

Lending Clients Investors Loan Officers 397

Housing Wire

MARCH 25, 2024

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. Meanwhile, investors are taking steps to acquire the business. ban of the short-form video app. million ‘likes’ on TikTok. The bill is now in the Senate, where the outcome is unknown.

Loan Officers 431

Loan Officers Tools Business Clients 431

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. 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 15, 2021

Sprout said it intends to grow its retail channel through increased direct sales to consumers and residential investors, dedicated retail facilities, and joint ventures. In the last six months, Sprout has unveiled a series of new products for it non-QM program , resumed correspondent lending.

Retail 384

Retail Mortgage Legal Lending 384

Housing Wire

AUGUST 9, 2021

HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? As well, restrictions set forth by Fannie Mae and Freddie Mac along with increased bank lending restrictions mean increased demand for non-QM. We can save the deal for our clients and the borrower.

Investors 410

Investors Clients Lending Real Estate 410

Housing Wire

SEPTEMBER 21, 2021

(The company said it has already gone through the process of getting four investors onboard.). Growing and investing in relationships and communities in the long term is one of the many opportunities presented by stricter fair lending regulations. Also, the startup will use its own capital to buy loans from community lenders.

Investors 359

Investors Sellers Clients Technology 359

Housing Wire

JANUARY 19, 2023

The survival tactic lenders too often miss is doubling down on loan quality to ensure immediate salability to investors or long-term servicing performance. However, time does not always equal resources, and even in today’s financially challenging market, lenders must make investments in quality control and compliance a top priority.

Lending 397

Lending Investors Investing Mortgage 397

Housing Wire

JULY 1, 2022

With more hopeful homeowners searching for non-traditional lending solutions, brokers are looking to partner with wholesale lenders that can offer unique options. On the other hand, they’re often worried it may be difficult to learn how to broker non-QM,” said Shelly Griffin, Senior Vice President of Client Development.

Training 370

Training Mortgage Client Relationships Lending 370

Housing Wire

OCTOBER 10, 2022

One of the more interesting trends is that some of our historically smaller clients are beginning to grow rapidly over the last 90-120 days, with some of the larger lenders stepping away or pricing themselves out of the market. Keeping client scope systematically hardcoded maintains the integrity of the underwriter’s review of the loan.

Mortgage 397

Mortgage Clients Training Valuation 397

Housing Wire

DECEMBER 2, 2020

billion of it coming through its forward-lending arm. “Our platform was purpose-built to create a business that could better withstand the cyclicality of most consumer lending businesses,” CEO Mary Cook said on an earnings call. The company funded $9.17 billion in the third quarter, with about $8.5 Presented by: WFG.

Finance 299

Finance Lending Retail Business 299

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. To date, LoanSnap has attracted about $53 million in venture capital investment.

Mortgage 450

Mortgage Technology Investing Investors 450

Housing Wire

APRIL 22, 2022

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. For investors, a warning: it means that profitability will take some time to achieve. According to Mayopoulos, the fintech will get there without cutting prices but by adding value for its clients.

Mortgage 397

Mortgage Marketing Human Resources Clients 397

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

Mortgage 397

Mortgage Lending Finance Retail 397

Housing Wire

JANUARY 19, 2023

The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans. In 2009, the Securities and Exchange Commission (SEC) charged two former executives at American Home Mortgage Investment Corp. Strauss settled with the SEC, agreeing to pay $2.45

Mortgage 397

Mortgage Investors Legal Loan Officers 397

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 384

Real Estate Brokerage Real Estate Agent Technology 384

Housing Wire

MARCH 9, 2022

Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies. What role does the servicer play in creating clients for life? Presented by: Sagent Lending Technologies . Edgemac and Incenter declined to disclose terms of the transaction. Learn here!

Property Taxes 367

Property Taxes Clients Mortgage Technology 367

Housing Wire

FEBRUARY 9, 2021

HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021. We saw and endured COVID force a pause on the business and had to quickly respond and adapt to continue to lend. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards.

Lending 420

Lending Loan Officers Business Investors 420

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. “The riches are in the niches.”

Lending 409

Lending Loan Officers Real Estate Mortgage 409

Housing Wire

MARCH 28, 2022

As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway. . Consequently, the hunt is on for opportunities in the purchase market, and that’s why non-QM lending is expected to become a sweet spot in the mortgage market, according to industry observers.

Lending 370

Lending Investors Mortgage Business 370

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said.

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

JUNE 10, 2021

Some non-QM lenders must get approval from outside investors that could result in delays. One of our biggest differentiators from other lenders is the fact that we are the end investor. This means that we are not held to the GSE’s 7% volume cap for investment properties or second home loans. We close the loan.

Clients 384

Clients Business Mortgage Investors 384

Housing Wire

JULY 27, 2021

trillion in origination volume and a continuation of tight lending spreads. Then, by late Q1/early Q2 2021, pricing wars were erupting in various channels, margins were falling (rapidly), and the industry was getting ready for a decrease in lending activity in the back half of the year. Entering 2020 the market was expecting <$2.0

Mortgage 384

Mortgage Technology Lending Clients 384

Housing Wire

MARCH 23, 2023

Mortgage industry experts believe the current turbulence has potential to hit the jumbo space harder, mainly due to a reduced investor appetite in the secondary market and banks’ tightened financial conditions for borrowers. The latter will face more challenges as they are seen as riskier investments.

Mortgage 432

Mortgage Government Investors Marketing 432

Housing Wire

JULY 19, 2021

Blend’s investors are apparently convinced that the company can radically transform lending, simplifying and digitizing regimented-but-clumsy processes that are still rather paperwork-heavy. The startup, led by co-founder Ghamsari, helped 291 clients process roughly $1.4 ” The post Blend is now worth $4.6B.

Insurance 384

Insurance Investors Technology Real Estate Agent 384