Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

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Technology Retail Lending Design 352

Housing Wire

FEBRUARY 10, 2023

Nashville, Tennessee-based mortgage lender Guaranty Home Mortgage Corporation (GHMC) has rolled out its new borrower online application portal, GAssist. The portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. The company had production volume of $148.76

Retail 361

Retail Tools Loan Officers Design 361

Housing Wire

SEPTEMBER 11, 2023

The Mortgage Bankers Association (MBA) presented its annual Ken Markison Legacy Achievement award to Michael Eising, a vice president and mortgage compliance manager at Merchants Bank of Indiana. He authored Nationwide Mortgage Licensing System (NMLS) licensing courses for more than a decade.

Retail 365

Retail Legal Design Mortgage 365

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 321

Housing Market Mortgage Marketing Real Estate 321

Housing Wire

MARCH 8, 2024

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. trillion in residential mortgage debt as of first-quarter 2023. Still, small banks are more exposed to commercial mortgage debt than larger banks.

Real Estate 450

Real Estate Insurance Lending Retail 450

Housing Wire

JULY 6, 2023

“The completion of this transaction marks another important step in the execution of Finance of America’s long-term growth strategy designed to help Americans achieve their retirement goals through the use of home equity,” Graham Fleming, the CEO of FOA, said in a statement. for $100 million, according to a filing with the U.S.

Business 302

Business Insurance Finance Retail 302

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 356

Loan Officers Retail Real Estate Agent Real Estate 356

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance.

Mortgage 482

Mortgage Government Retail Lending 482

Housing Wire

MARCH 1, 2021

Fred Bolstad, executive vice president of retail lending at U.S. Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bank Home Mortgage, Bolstad is responsible for over 4,000 employees, including nearly 1,400 mortgage loan officers.

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Retail Lending Loan Officers Technology 385

Housing Wire

MARCH 25, 2021

The Tuesday filing shows that loanDepot, the nation’s second-largest retail lender, originated $25.1 ” LoanDepot’s falling profit margins follows a broader trend for mortgage lenders – while origination volumes are strong, interest rates are up 42 basis points since the quarter began to 3.09%, taking a bite out of profits.

Retail 482

Retail Mortgage Design Business 482

Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release.

Retail 424

Retail Loan Officers Mortgage Design 424

Appraisal Buzz

JULY 19, 2021

As a cloud-based mortgage loan origination system (LOS), LendingPad is designed to help businesses streamline and manage loan origination processes and improve the customer experience. Black Knight Inc. has announced the integration of its product and pricing engine, the Optimal Blue PPE, with LendingPad.

Retail 370

Retail Design Business Appraisal 370

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. ” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

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Loan Officers Retail Lending Investing 323

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

Technology 371

Technology Design Lending Real Estate Agent 371

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. However, in the most challenging mortgage market in over a decade, Impac’s equity reached a negative $11.6 million in stockholder equity.

Brokerage 313

Brokerage Retail Lending Design 313

The Robert Weiler Company

SEPTEMBER 23, 2021

NOI is a figure – not a calculation – that is, the amount of income the asset yields after operating expenses (including vacancy and loss) and before the mortgage is paid. That’s because it’s a design most adaptable to various uses and future expansion as business needs evolve. Swimming in Success: Restaurant and Retail Space.

Retail 158

Retail Real Estate Business Training 158

Housing Wire

MARCH 14, 2022

Guild Mortgage CEO Mary Ann McGarry. The parent company of California-based Guild Mortgage reported on Monday it has identified material weaknesses in its internal control over financial reporting, according to its annual 10K document filed with the U.S. Securities and Exchange Commission (SEC). Guild reported on Thursday $36.8

Design 363

Design Retail Finance Technology 363

Housing Wire

APRIL 27, 2021

It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months. Finance of America said it puts the company on the path of becoming a “top-five performer” in the segment, which has grown to roughly 20% of the overall mortgage market.

Finance 369

Finance Lending Retail Renovations 369

Housing Wire

FEBRUARY 21, 2023

She created NAF’s Latino Focus and New American Dream initiatives, which is designed to boost homeownership and mortgage industry career awareness among Hispanic and Black communities. After being promoted to chief operating officer in 2012, Bunce oversaw the creation and expansion of the company’s mortgage servicing division.

Retail 304

Retail Design Government Mortgage 304

Housing Wire

APRIL 24, 2023

United Wholesale Mortgage (UWM) has moved to dismiss an amended counterclaim filed by broker shop America’s MoneyLine (AML) that accuses the lender of antitrust practices regarding the “ultimatum” it imposed two years ago. A spokesperson for UWM said the company had no comment. Any broker who did so would face fines.

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Legal Law Retail Brokerage 322

Housing Wire

AUGUST 2, 2023

AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Lenders typically use appraisal management companies (AMCs) to transfer the compliance burden associated with AIR.

Appraisal 284

Appraisal Valuation Design Modernization 284

Housing Wire

MARCH 24, 2021

A week after the deadline to pick sides in United Wholesale Mortgage ‘s “all-in” ultimatum to mortgage brokers, Fairway Independent Mortgage is speaking out. Then you might as well just go work for UWM retail. “I would say it’s in every mortgage broker agreement. .”

Real Estate Agent 380

Real Estate Agent Retail Real Estate Design 380

Housing Wire

FEBRUARY 26, 2021

Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage. Patterson has led Homepoint’s third-party originations business since 2015.

Design 214

Design Retail Technology Lending 214

Housing Wire

OCTOBER 2, 2022

According to United Wholesale Mortgage (UWM) CEO Mat Ishbia, who rallied brokers at the Association of Independent Mortgage Experts (AIME) Fuse conference in Las Vegas on Saturday, the next year and a half will be a proving ground that will level set the market for brokers, and only some will come out winners.

Business 356

Business Retail Mortgage Brokerage 356

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. We all watched the live stream from Times Square. “Homepoint was fantastic.

Mortgage 368

Mortgage Lending Business Technology 368

Housing Wire

APRIL 16, 2023

Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number. Mortgage rates didn’t move too much last week but ended the week on a higher note at 6.50%.

Inventory 528

Inventory Housing Market Marketing New Listings 528

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. Three loan officers at three different retail lenders described it as a feature of their lender’s business model. It was late 2022 and Mike was feeling the pressure.

Loan Officers 443

Loan Officers Clients Law Legal 443

Housing Wire

JANUARY 12, 2021

We have been working non-stop to provide programs through our retail, wholesale and correspondent channels, which have significant demand in the marketplace. KL: Rates are at an all-time low, but jumbo mortgages are harder to access for borrowers due to ongoing economic downturn caused by COVID-19. Kyle Gunderlock, Acra Lending CEO.

Lending 275

Lending Development Retail Design 275

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. The mortgage industry has begun advancing initiatives to allow technology and big data to take the next steps in the development of things like more accurate AVMs. ” Amazing, right?

Appraisal Process 360

Appraisal Process Appraisal Valuation Renovations 360

Clear Capital

JULY 13, 2023

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. To learn more about Encompass, visit [link].

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Modernization Technology Appraisal Mortgage 67

Housing Wire

MARCH 7, 2024

Finance of America Companies (FOA), parent of leading reverse mortgage lender Finance of America Reverse (FAR), narrowed its quarterly loss to $20 million and posted an overall improvement in its earnings to $164.7 Reverse mortgages are utilized by approximately 2% of the total addressable market,” she said. “As

Marketing 340

Marketing Mortgage Modernization Retail 340

Appraisal Today

MAY 17, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Geographic Data and Comps, effect of renovation on value, very low foreclosures now, current real estate market, unusual homes, mortgage origination stats, etc. = = $99.5M Hamptons, NY Compound Comes With a 750-Gallon Shark Tank Excerpts: 24 bedrooms, 27.5

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Tools Appraisal Renovations Design 64

Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Some use postal mailings or office visits, such as you did in the mortgage broker days.

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Appraisal Design Contracts Inspection 72

Housing Wire

SEPTEMBER 2, 2022

Loan originator and servicer Sun West Mortgage Co. The NFT is property agnostic, backed by real dollars and guaranteed by Sun West , which is one of the largest nonbank mortgage companies in the country, licensed in 48 states with a network of some 80 retail branches.

Technology 88

Technology Loan Conditions Sellers Real Estate 88

Housing Wire

NOVEMBER 29, 2023

Assessing key performance indicators and operations during current industry headwinds is a great way for mortgage lenders to set themselves up for success now and in the future. The LOS should serve as the central hub of the tech stack, allowing lenders to orchestrate their entire business from a single system of record.

Technology 366

Technology Mortgage Lending Business 366

Housing Wire

MARCH 7, 2023

Cloud-based mortgage CRM OptifiNow has launched a version of its CRM platform called OptifiNow Flex, which is designed to support multi-channel mortgage teams. The same month, the company implemented its TPO CRM platform with Plaza Home Mortgage to leverage CRM tools to improve sales performance and marketing efficiency.

Mortgage 342

Mortgage Tools Retail Design 342