Housing Wire

APRIL 22, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. And it doesn’t plan to cut prices.

Mortgage 392

Mortgage Marketing Human Resources Clients 392

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

APRIL 4, 2023

Add Moon Mortgage to the list of fintechs offering crypto-backed mortgages. It has to be about how an investor can use it for real-world gains,” Tristan Marino, who co-founded the company with Aaron Nevin in 2022 after their frustration with the lack of digital asset applications, said in a statement.

Mortgage 378

Mortgage Investors Retail Investing 378

Housing Wire

NOVEMBER 1, 2023

Payroll connectivity platform Argyle and ICE Mortgage Technology have partnered to allow lenders access real-time income and employment data for borrowers throughout the loan origination process. million in capital and is backed by investors including Bain Capital Ventures , Bedrock , Checkr , F-Prime , and SignalFire.

Mortgage 369

Mortgage Technology Investors Clients 369

Housing Wire

AUGUST 2, 2021

Digital title provider Doma has finally gone public, but has already had to pay out nearly $300 million to early investors who redeemed their shares. But investors in Capitol exercised rights to redeem nearly 30 million public shares in the company in connection with the merger. . million in 2021 and above $600 million in 2023.

Investors 382

Investors Investing Real Estate Clients 382

Housing Wire

APRIL 13, 2023

For example, borrowers who are prime and creditworthy but who may not qualify for traditional mortgages, such as the self-employed or those with non-traditional income sources, may benefit from non-QM programs. For brokers, Change Wholesale offers marketing support to help promote their business and reach new clients.

Marketing 380

Marketing Lending Design Development 380

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. A little more than two months into the year, however, mortgage rates are the highest they’ve been as the U.S.

Loan Officers 412

Loan Officers Mortgage Buyers Inventory 412

Housing Wire

APRIL 16, 2024

As [HEIs] evolve and grow into a foundational component of the real estate market, the need to empower builders with a homebuyer-focused HEI is paramount,” Legacy said in its announcement of the acquisition. HEI companies have been garnering more attention of late from larger investors, according to prior reporting by HousingWire.

Investing 420

Investing Real Estate Investors Brokerage 420

Housing Wire

DECEMBER 6, 2023

The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. For instance, SmartView generates real-time mortgage rate listing fliers for lenders, while Quick Quotes pulls accurate, real-time quotes on potential properties for a homebuyer.

Loan Officers 423

Loan Officers Tools Clients Technology 423

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. dollars for mortgage transactions.

Mortgage 414

Mortgage Clients Lending Investors 414

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 432

Investors Housing Market Finance Construction 432

Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. “The mortgage market began 2023 on a positive note, with a decline in mortgage rates leading to an uptick in refinance applications.

Mortgage 483

Mortgage Marketing Investors Clients 483

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. Kim: Spreads in the mortgage space are wide.

Housing Market 441

Housing Market Marketing Buyers Investors 441

Housing Wire

APRIL 19, 2022

Publicly traded mortgage tech company Blend Labs laid off 10% of its workforce amid major headwinds in the mortgage industry. The company, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. a share, with a market capitalization of about $1.17 billion.

Mortgage 370

Mortgage Investors Clients Insurance 370

Housing Wire

OCTOBER 10, 2022

With rising rates, the market is seeing a shift from originations to HELOC products. As the market shifts, lenders still need to be conscious of loan quality. HousingWire recently spoke with Brian Adams, Division President of Due Diligence at Consolidated Analytics , about due diligence in the current mortgage market.

Mortgage 383

Mortgage Clients Training Valuation 383

Housing Wire

SEPTEMBER 26, 2023

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day.

Mortgage 410

Mortgage Investors Finance Technology 410

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. ” The latest Mortgage Bankers Association (MBA) survey proved Deitch right.

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

MARCH 8, 2024

homeowners are “house-rich, cash-poor,” home equity investment firm Hometap provides clients with a way to tap into their home equity instead of selling their home or taking out a loan. Hometap, as an investor, provides cash in exchange for a share of their home’s future value. Based on the notion that far too many U.S.

Investing 379

Investing Real Estate Agent Marketing Real Estate 379

Appraisal Buzz

APRIL 30, 2024

In today’s mortgage landscape, mortgage loan originators (MLOs) must find their way to success through an increasingly complex and difficult market. MLOs that adapt these strategies to their unique local market will be able to provide value to their clients.

Marketing 195

Marketing Real Estate Agent Renovations Buyers 195

Inman

JUNE 1, 2023

For agents, sharing these programs with those who would not normally qualify for a traditional conventional loan can be a huge lead generator for their business for many years to come.

Clients 148

Clients Investors Mortgage Agents 148

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Mortgage 423

Mortgage Government Investors Marketing 423

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 370

Finance Marketing Renovations Investors 370

Housing Wire

JANUARY 12, 2023

Black Knight recently launched a web portal that enables clients, third-party providers and their developers to access the company’s application programming interfaces (APIs) across the mortgage life cycle. Black Knight is preparing to be acquired by ICE, the other mortgage tech giant in the data space.

Mortgage 348

Mortgage Tools Clients Development 348

Housing Wire

MAY 16, 2023

Wells Fargo -backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank. ” Richmond, Virginia-based LenderSelect Mortgage Group, which provides mortgage loan solutions to lenders, closed its sale to Blue Ridge Bankshares Inc.

Mortgage 379

Mortgage Technology Investing Business 379

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

McKissock

DECEMBER 28, 2021

Are you wondering what the best clients to work with are to advance your real estate career? While some real estate agents and brokers prefer to work with homebuyers, others decide to specialize in working with property investors. Pros of working with real estate investors. Real estate investors could be easier to work with.

Real Estate 104

Real Estate Clients Investors Real Estate Agent 104

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. per share at market open on Friday, up from $10.98 per share at market close the day before.

Clients 410

Clients Investing Real Estate Agent Mortgage 410

Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. .

Insurance 367

Insurance Mortgage Investors Tools 367

Housing Wire

APRIL 1, 2024

Fintechs involved in homeownership investments have been around for nearly two decades, but it wasn’t until recently that a handful of them have been backed by big investors seeking to take the HEI product mainstream. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages.

Finance 425

Finance Investing Real Estate Agent Real Estate 425

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. It operates more than 650 branches nationwide and employs some 4,000 people.

Modernization 363

Modernization Mortgage Lending Investors 363

Housing Wire

MARCH 27, 2023

Agile , a Philadelphia-based fintech company focused on mortgage-backed securities (MBS), announced on Monday the execution of the mortgage industry’s first fully-automated Assignment of Trade (AOT) transaction. Dealer-to-dealer assignments are also electronically executed on Agile’s platform. “As

Investors 432

Investors Technology Design Mortgage 432

Housing Wire

APRIL 11, 2022

Mortgage tech startup Staircase this week launched a blockchain-backed digital infrastructure that it says enables lenders to safely store collected mortgage data while processing mortgages faster. Our target market is any mortgage data,” said Kalamchi. Sponsored Video.

Mortgage 367

Mortgage Clients Technology Real Estate 367

Housing Wire

MARCH 4, 2024

Add mortgage tech firm Guideline Buddy to the list of companies with an artificial intelligence -powered chat tool. The new tool is designed to help loan officers, processors and underwriters instantly find the relevant mortgage guidelines they need.

Loan Officers 403

Loan Officers Tools Design Technology 403

Housing Wire

JULY 19, 2022

Miami-based fintech Milo has closed $10 million in cryptocurrency mortgages since unveiling the product earlier this year, the company announced early Tuesday. The lender’s 30-year crypto mortgage is designed to make it easy for investors to use their digital holdings to acquire homes in the U.S. or pursue refinancing.

Mortgage 423

Mortgage Design Insurance Lending 423

Housing Wire

APRIL 7, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. It’s a stock that’s in short-term mortgage jail.”.

Mortgage 381

Mortgage Technology Clients Insurance 381

Housing Wire

APRIL 24, 2024

Multichannel lender American Financial Resources (AFR) appointed Michael Brenning as its head of production and Brian Collins to the role of executive vice president of capital markets, the company announced Tuesday. Most recently, he served as the president of Fairway Central at Fairway Independent Mortgage Corp.

Lending 335

Lending Investors Clients Technology 335

Housing Wire

SEPTEMBER 7, 2022

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday. Milo is not currently offering mortgage solutions outside the United States. The product has a fixed rate starting at 7.95%.

Mortgage 424

Mortgage Loan Conditions Finance Investing 424