Housing Wire

MAY 22, 2024

And more importantly, if you haven’t moved on or committed to contracts that are too rooted in the past, chances are your P&L statement isn’t looking so great. Learn more about what’s actually moving the needle for your top players when it comes to technology and more. Speakers: Rich Weidel, CEO, Princeton Mortgage

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Housing Wire

JUNE 8, 2022

VanDyk Mortgage Corporation has signed a contract to use Black Knight ‘s MSP system to expand its servicing operations, the company announced Wednesday. ” Staying nimble in a fast-paced market with the right mortgage technology. .” Presented by: Black Knight.

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Housing Wire

SEPTEMBER 23, 2020

Despite mortgage rates rising slightly from a previously all-time low, mortgage applications gained 6.8% last week, according to a report from the Mortgage Bankers Association. Refinances also nearly reached two thirds share of mortgage activity last week, increasing to 64.3% of total applications from 62.8% from 3.07%.

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Housing Wire

OCTOBER 12, 2022

It’s no coincidence that the post-2008 crisis mortgage expansion happened to occur during a period marked by transformative technological change in the industry. Most people outside of the mortgage industry are not even aware that one of the largest mergers between mortgage technology firms is on the verge of taking place.

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Housing Wire

MAY 28, 2024

Ocwen Financial Corp , the parent company of PHH Mortgage Corp. and its reverse mortgage subsidiary Liberty Reverse Mortgage , announced on Tuesday that its shareholders have approved the company’s planned rebranding initiative to Onity Group. Shareholders do not need to take any action, the company said.

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Housing Wire

MARCH 6, 2024

Pennymac Financial Services has made changes to its technology leadership, creating a new role focused on digital innovations, the company announced on Tuesday. They also come as the mortgage industry is making efforts to adopt artificial intelligence solutions to improve productivity and better assist customers.

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Housing Wire

MARCH 18, 2024

million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. million in damages related to a breach of contract claim, plus interest and attorneys fees. PennyMac Financial Services has paid $158.4

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Housing Wire

MARCH 19, 2024

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic , which will enable lenders to streamline the digital mortgage process. In August 2022, Polly announced that it extended its API portfolio to better accommodate lenders amid a contracting mortgage environment.

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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. The company targets the $2.6

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Housing Wire

JULY 19, 2022

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. For example, he explained that companies are converting real estate into NFTs and using a smart contract to close in a few days rather than weeks. Innovations in technology.

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Housing Wire

APRIL 21, 2022

As interest rates continue to climb and mortgage applications decline , many in the industry are dreading what’s to come for lenders. 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.”.

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Housing Wire

MAY 30, 2024

Ironically, the technology he’s developed can be a benefit to real estate agents as well. BR: This really came out of decades of being in the mortgage business. A lot of technology providers in the real estate space try to reassure agents that they’re not trying to take your job. And that’s what I did.

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Housing Wire

AUGUST 8, 2023

Mortgage tech firm Lender Toolkit sued two mortgage lenders claiming that the companies failed to make payments while continuing to use its services and software solutions. Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021.

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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. It’s an open platform. We’re not huge, but we’re not small either.”.

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Housing Wire

DECEMBER 5, 2023

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. 28, an arbitrator awarded Black Knight $155.2 In March 2020, the companies entered arbitration.

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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. Blend Labs CEO Nima Ghamsari is a betting man. He was right.

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Housing Wire

FEBRUARY 9, 2021

Mortgage credit is still the tightest it has been in more than six years, but steady loosening in January revealed lenders are preparing for a rebounding economy, the Mortgage Bankers Association said in a report on Tuesday. The group’s Mortgage Credit Availability Index rose 2% to 124.6 Department of Agriculture fell by.1%,

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Housing Wire

MAY 5, 2022

Mortgage rates are increasing and demand is beginning to level out. Now, these younger buyers are driving financial institutions to adapt to their expectations for more streamlined user experiences , accelerating digital transformations with new technology that will move the mortgage industry into a truly digital age. .

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Housing Wire

APRIL 13, 2022

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. 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.

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Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. Technology has brought greater transparency and predictability to the industry over the last 10 years.

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

SEPTEMBER 30, 2021

Origence has addressed these common pain points by launching the Origence Mortgage Platform, a tightly integrated point of sale and loan origination system. The Origence Mortgage Platform removes inefficiencies from the loan origination process through automation and configuration.

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Housing Wire

JULY 8, 2022

There is unquestionably a need for regulatory innovation across the broader mortgage industry, but none more pressing than de-risking the mortgage servicing space. Broad lessons were learned on how to curb predatory lending practices following the subprime mortgage crisis. The true benefit of quantitative easing.

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Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

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Housing Wire

JANUARY 11, 2024

On the right tech mindset: Adam Carmel, Polly CEO : “When I was in lending, I think I always overestimated the impact technology or software, or more importantly, a switch in technology, would have on our business in the first six months or a year, and the difficulty in transitioning. But it’s not an easy landscape to navigate.

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Housing Wire

MAY 13, 2022

The key difference in Blockchain, distributed ledger technologies (DLT) and related crypto-technologies today is we now understand how these technologies must adapt and are adapting to the world as it is. Emerging distributed ledger technologies are forming a consensus-based approaches to the blockchain within business domains.

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Housing Wire

MARCH 28, 2024

Then, they think about the mortgage : a good rate, good monthly payments, and approval. In fact, if you were to describe the home-buying experience solely upon the things we see in advertisements, the home-buying process would end with the sales contract, and all parties would merrily proceed directly to the handing over of the keys.

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Housing Wire

MARCH 1, 2023

San Francisco-based SaaS technology provider Polly on Monday announced its API integration with Total Expert, a customer engagement platform purpose-built for financial institutions. Last August, Polly enhanced its existing APIs, including its PPE Initial Lock, “to better accommodate lenders amid a contracting mortgage environment.”

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Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.”

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Housing Wire

MAY 1, 2024

We are advantaged primarily because we are a product and technology company first.” During the first quarter of 2024, Zillow recorded revenue growth across all sectors of its business, including a 31% annual jump in its rentals revenue to $97 million and a 19% year-over-year increase in its mortgage revenue to $31 million.

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Housing Wire

OCTOBER 13, 2023

Recognizing the opportunities in the mortgage space, Grant Moon , former CEO and founder of fintech platform Home Captain , is gearing up to launch his new firm – BlueForceX. As a mortgage technology optimization platform, BlueForceX would provide data solutions, cut inflated tech solutions costs, and advise market positioning strategies.

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Housing Wire

NOVEMBER 24, 2021

From injecting technology into the mortgage process to redefining the real estate agent and home shopper relationship, these leaders have laid the foundations for millions of homeowners. The first one is Jonathan Corr, who was the executive that hired me at Ellie Mae and brought me into the mortgage business. Technology.

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Housing Wire

JANUARY 14, 2021

The mortgage industry has not traditionally been the vanguard of digital adoption, particularly in data intelligence and applied machine learning. It has brought in interactive technology and cognitive business process tools as resiliency responses to the crisis. It is no longer a means to experiment with a differentiating model.

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Housing Wire

FEBRUARY 16, 2023

The two firms signed an agreement to combine Wolters Kluwer’s eNote and eVault solutions with Expedite Close — Black Knight’s digital closing solution — as the final pieces to connect all the tools lenders need to perform digital closings and complete digital mortgages, Black Knight said Thursday.

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Housing Wire

MARCH 29, 2023

Homeowners collectively nationwide now have more than $10 trillion in tappable equity (equity beyond a 20% cushion) tied up in their properties, according to the Black Knight Mortgage Monitor. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ.

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