Housing Wire

JANUARY 27, 2022

San Francisco-based startup Vesta, which provides a software-as-a-service platform for mortgage loan originators, announced on Thursday that it raised $30 million through a Series A funding round. The new capital will be invested in an “aggressive” hiring plan and technology expansion.

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Mortgage Investors Loan Officers Technology 353

Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

Housing Market 385

Housing Market Marketing Contracts Finance 385

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

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Tools Sellers Technology Loan Officers 297

Housing Wire

MAY 12, 2022

Inventory is contracting. Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack.

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Lending Marketing Technology Contracts 306

Housing Wire

NOVEMBER 9, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Rick Arvielo, co-founder and CEO of New American Funding (NAF), to talk about AI, why he chose to start NAF Technology India and how to keep NAF innovative. Sarah Wheeler: New American Funding is known for building rather than buying technology. Are you still in that mode?

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Technology Development Contracts Investing 348

Housing Wire

AUGUST 31, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. The company’s solutions involve applications of a few different types of automation technology. It depends on the level of technology maturity of each lender’s middle office.

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Lending Technology Tools Training 404

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. billion in mortgages between June 2020 and June 2021 and was actively recruiting new loan officers and support staff.

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Mortgage Loan Officers Retail Training 348

Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

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Lending Technology Tools Loan Officers 328

Housing Wire

APRIL 13, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. .

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Sellers Buyers Real Estate Agent Real Estate 404

Housing Wire

NOVEMBER 29, 2021

He added that large issuers, such as big investment banks, “have a dedicated desk at their TPR firm [via contract], and they will sit there and wait for the loans, but they will not put anyone in front of them.”. For those that do, it may take as little as two or three weeks, Mayhew said.

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Loan Officers Supply Chain Mortgage Marketing 420

Housing Wire

MARCH 5, 2021

I have no problem if they want to work with [those two] but I’m not going to give you our proprietary technology, that’s not for people funding the competition of the broker channel,” Ishbia said. “UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. I don’t like that.

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Investors Real Estate Agent Loan Officers Technology 380

Housing Wire

MAY 8, 2023

Fintech software and hardware company Mortgage Automation Technologies, Inc. announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc.

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Technology Mortgage Loan Officers Architecture 299

Appraisal Buzz

JUNE 7, 2021

I provide services to appraisers, banks, technology firms, education providers, appraisal management companies, and attorneys. For appraiser clients, we commonly focus on proactive practices, methods and support, investigations, use of assistants, workflow efficiency, and technology. Buzz : Can we have your background in the industry?

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Training Reconsideration of Value Valuation Clients 366

Housing Wire

JUNE 2, 2023

Ishbia: Game On, as I talked about before, was an investment in the broker community to help more loan officers join the broker community and it helped the brokers who needed more loans in the toughest time in the market, which was the fourth quarter. We have control behind the scenes of everything with our technology.

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Retail Inventory Mortgage Loan Officers 355

Housing Wire

SEPTEMBER 21, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Jimmy Kelly, president and CEO of Lone Wolf Technologies , to discuss the company’s development process and his vision for a connected real estate platform. That is a lot of technology and a lot of wasted effort. This interview has been edited for length and clarity.

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Technology Real Estate Agents Design 365

Housing Wire

JUNE 15, 2022

The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs. What we believe will happen is we’re going to have a cool summer for selling homes, but we think that potentially could build up demand in the fall,” Hall said. More layoffs to come.

Mortgage 380

Mortgage Investors Clients Marketing 380

Housing Wire

DECEMBER 20, 2022

While Nguyen had to cut his workforce to about half this year, he plans to scale his company in 2023 by hiring 1,000 LOs and targeting the purchase market in Loan Factory’s 44 licensed states. “I I think I built a very good system – good process and good technology. CK: Has there been layoffs at Loan Factory as well?

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Business Retail Realtors Loan Officers 74

Housing Wire

NOVEMBER 29, 2022

Given the market contraction and numerous layoffs in the industry, it may be surprising to think that loan officer recruitment and retention could be a focus for some lenders and independent mortgage banks right now. Loan officers tend to move shops for one of two primary reasons: pain or gain. Culture is the No.

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Loan Officers Investing Technology Mortgage 370

Housing Wire

APRIL 21, 2022

Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.”. Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.

Mortgage 372

Mortgage Contracts Technology Lending 372

Cornerstone

JULY 1, 2021

Click here to find a knowledgeable local loan officer who can help you sell fast. Meaning, you have the additional leverage you need to negotiate better terms on your contract when selling your house. ICE Mortgage Technology, April 2021. Got questions? We’ve got answers. For educational purposes only.

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Sellers Buyers Real Estate Agent Inventory 61

Housing Wire

AUGUST 4, 2023

And when it’s time to wade through complicated contract language or explain the benefits or drawbacks of a property, agents who communicate better have a leg up on their competition. Comfort with new technology Marketing is another area that has seen massive change in the last decade. Talent for negotiation Negotiation isn’t easy.

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Real Estate Agent Real Estate Agents Clients 350

Housing Wire

APRIL 13, 2022

Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions. Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries.

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Real Estate Agent Mortgage Real Estate Agents 432

Housing Wire

NOVEMBER 17, 2022

Contract or ‘gig’ workers, entrepreneurs and business owners need non-QM mortgages because they may be unable to produce the W-2 tax form used to verify qualifying income for a traditional loan. At Deephaven, we are continuously running webinars to bring new loan officers into the non-QM fold.

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Lending Investors Real Estate Agent Loan Officers 313

Appraisal Today

SEPTEMBER 15, 2023

One-quarter (26 percent) cite technology fees (not an option in 2022). May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? This is up sharply from 27 percent last year.

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Appraisal Real Estate Agent Contracts Real Estate 83

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Competence comes with knowledge and experience, but it also requires you to possess specific skills, technology, and abilities. from 0.73 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Contracts Business Construction 81

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending.

Lending 382

Lending Mortgage Real Estate Loan Officers 382

Appraisal Today

OCTOBER 14, 2022

Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision. from 0.79 (including the origination fee) for 80 percent LTV loans.

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Appraisal Insurance Real Estate Business 52

Clear Capital

SEPTEMBER 29, 2021

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. Kenon Chen.

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Sellers Agents Real Estate Buyers 69