Housing Wire

FEBRUARY 22, 2024

Recent cyberattacks at mortgage companies have put the industry in alert mode, executives at top lenders, servicers, tech vendors and investors told HousingWire. According to the tech leader, “it feels like there’s a target on mortgages,” which makes sense considering the types of data and documents these companies deal with.

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Mortgage Supply Chain Investors Technology 413

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. Desmond Smith: There are two ways to get a mortgage — wholesale or retail.

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Mortgage Retail Lending Loan Officers 361

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. In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions.

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Client Relationships Clients Technology Business 372

Housing Wire

FEBRUARY 27, 2024

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. The executive has more than 25 years of mortgage industry experience in helping lenders mitigate risk. I’m honored to step into this position and help Xactus solve new client challenges,” Crockett said in a statement. “We

Tenants 348

Tenants Valuation Clients Training 348

Housing Wire

MARCH 21, 2024

While reverse mortgage volume in 2024 got off to a rocky start, new data that breaks out retail Home Equity Conversion Mortgage (HECM) endorsements versus wholesale production showed that it was the former that took the bigger hit in the first month of the year, based on new data compiled by Reverse Market Insight (RMI). to 358 loans).

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Retail Mortgage Real Estate Agent Business 380

Housing Wire

MARCH 5, 2024

Mortgage assumption is a niche option that gained momentum in 2023. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate. trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported.

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Mortgage Buyers Agents Real Estate Agent 424

Housing Wire

OCTOBER 10, 2022

HousingWire recently spoke with Brian Adams, Division President of Due Diligence at Consolidated Analytics , about due diligence in the current mortgage market. Brian Adams: With the steep increase in mortgage rates, we have essentially seen a hard stop in refi activity. Most of our due diligence is done to a securitization scope.

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Mortgage Clients Training Valuation 361

Housing Wire

JUNE 30, 2022

Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. We keep our ears to the ground and are always ready to pivot, find a solution and develop technologies our clients need to have a competitive edge.”.

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Mortgage Real Estate Agent Clients Tools 317

Housing Wire

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .”

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Valuation Training Modernization Appraisal 389

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Regularly update content, share valuable insights about the local market, and interact with potential clients.

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Real Estate Agent Real Estate Agents Clients 386

Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

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Mortgage Clients Insurance Training 395

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. “We have a significant portfolio of clients, roughly 2.5 PACE programs are also not regulated as heavily as other financial services, including mortgage lending.

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Mortgage Clients Lending Technology 415

Housing Wire

AUGUST 31, 2022

The company’s predictive analytics platform not only provides lenders with the benefit of intuitive technology, it also helps more applicants qualify for mortgages. From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way.

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Mortgage Clients Loan Officers Finance 334

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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Mortgage Clients Insurance Tools 397

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. With mortgage interest rates steadily on the rise and refinance volume dropping, originators should immediately consider tapping into products that are less interest rate sensitive.

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Mortgage Clients Business Training 374

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . It’s also essential for originators to understand that reverse mortgages are not loans of last resort.

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Housing Market Business Mortgage Marketing 364

Housing Wire

MAY 5, 2021

Rocket Mortgage originated more than $100 billion in mortgages for yet another quarter, but profit margins are trending down. And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. The post Rocket Mortgage prepares for a slowdown appeared first on HousingWire.

Mortgage 420

Mortgage Real Estate Agent Real Estate Clients 420

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

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Mortgage Training Business Transportation 388

Housing Wire

FEBRUARY 28, 2022

Housing Wire recently sat down with Newbold Advisors Partner Robert Simpson to learn more mortgage claims in today’s servicing climate. HousingWire: What are some key challenges servicers are currently facing regarding mortgage claims? Robert Simpson: This is a pivotal moment for mortgage servicers.

Mortgage 362

Mortgage Technology Training Clients 362

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 359

Mortgage Loan Officers Retail Training 359

Housing Wire

JULY 19, 2021

As Chief Strategy Officer at Mortgage Capital Trading , Leslie Winick has harnessed her industry experience to help lead new technology innovations and industry-leading support that allowed MCT to continue to meet client needs despite the volatility of the past year. Some examples include expert, third party training (e.g.,

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Mortgage Clients Development Technology 383

Housing Wire

DECEMBER 7, 2023

Flagstar ’s presence and expertise in the third-party wholesale mortgage origination market have combined to create a history of success extending over 35 years. It also provides subservicing , mortgage finance, i.e., warehouse , MSR and servicing advance lending, as well as cash and treasury management services. “We

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Lending Clients Business Technology 314

Inman

JUNE 30, 2023

Mortgage brokers have to undergo specific training to do their jobs, but a higher education degree is not required. Those with an aptitude for hard work and client relationships can find great success over the course of their careers.

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Client Relationships Mortgage Training Clients 130

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 419

Mortgage Insurance Tools Business 419

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Loan Officers Technology Lending Tools 388

Housing Wire

JULY 12, 2023

“I am eager to serve our clients by delivering on their critical business needs,” Call said. Throughout his career, Call has held similar positions at Mortgage Cadence , Source Point Mortgage Solutions , and Argent Mortgage. In this new role, Call will assume leadership of the expanding team.

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Technology Training Clients Development 312

Housing Wire

MAY 18, 2021

Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve.

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Mortgage Training Clients Development 207

Housing Wire

JUNE 30, 2021

During this period of significant opportunity for purchase transactions and refinances, brokers and wholesale correspondents (non-delegated) need to align to wholesale lenders that provide deep industry expertise, comprehensive products and efficient operational support to support their clients’ strategies. 1 VA, FHA and GNMA lender.”.

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Mortgage Clients Training Government 196

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgage 363

Mortgage Technology Business Investing 363

Housing Wire

JULY 31, 2022

The Closing Exchange (TCX) partners with its clients to configure solutions to support their workflow at every stage of their digital evolution. CXChoice is an integrated SaaS technology and production platform used to assign notaries to each order, based upon criteria set by the client. Alan Frelix, CEO.

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Training Clients Tools Technology 326

Housing Wire

MARCH 31, 2021

Last year’s record-low mortgage rates dipped as low as 2.65% on 30-year fixed-rate loans and ignited an origination boom that had lenders scrambling to manage the high demand. Outsourcing the mortgage origination cycle can streamline lenders’ processes without sacrificing the borrowers’ experience.

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Marketing Clients Training Technology 383

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. United Wholesale Mortgage (UWM) is solely focused on growing the wholesale channel and helping independent brokers thrive. “At 1 wholesale mortgage lender in the nation for six years running.

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Tools Training Technology Clients 306

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. Donna Gibson: QC Ally just returned from the Mortgage Bankers Association Risk Management, QA, Fraud Prevention Forum. These numbers correlate with what we’re monitoring in mortgage fraud. We weren’t surprised.

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Marketing Training Clients Technology 330

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. It’s very difficult to be an unaffiliated brokerage right now and compete with franchises who offer technology and training.

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Brokerage Technology Agents Training 381

Housing Wire

APRIL 22, 2024

Djon spoke on Sunday during a session on lead generation at The Gathering, HousingWire ’s real estate and mortgage conference, held in Scottsdale, Arizona. Djon Luxury Real Estate is expanding its sell-side business, training buyer-side real estate agents on the necessary contracts and selling their value to the consumer.

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Brokerage Real Estate Realtors Real Estate Agent 367

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. Mortgage executives project that number to remain steady or even tick up in the third quarter.

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Mortgage Loan Officers Finance Investors 396

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers. in the second year.

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Buyers Marketing Sellers Loan Officers 473