Housing Wire

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. There are some caveats related to counseling services, referrals, and duplicative work.)

Brokerage 354

Brokerage Mortgage Development Insurance 354

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. is a software development company that offers a digital loan origination system and POS for the mortgage industry. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

Mortgage 378

Mortgage Loan Officers Real Estate Agent Design 378

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. Job positions affected by the layoffs are underwriters, processors, disclosure and document specialists, among others.

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Human Resources Mortgage Loan Officers Finance 396

Housing Wire

JUNE 12, 2024

government have requested an extension of deadlines related to discovery in the case brought by Texas Capital Bank (TCB) against Ginnie Mae over the extinguishment of a priority lien tied to the loan portfolio collateral of Reverse Mortgage Funding (RMF), according to court documents reviewed by HousingWire ’s Reverse Mortgage Daily (RMD).

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Government Law Contracts Development 310

Housing Wire

SEPTEMBER 6, 2023

The Consumer Financial Protection Bureau (CFPB) last week made a quiet change to its guidance related to the Real Estate Settlement and Procedures Act (RESPA), affirming that mortgage originators who partner with U.S. It is not exhaustive of all HUD documents that continue to apply.” This list is provided for ease of reference.

Mortgage 365

Mortgage Contracts Real Estate Development 365

Housing Wire

JANUARY 23, 2023

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Revolution will implement Tavant’s document, credit, and collateral analyses solutions later this year.

Lending 367

Lending Mortgage Technology Design 367

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. ” Jason Bressler, executive vice president and chief technology officer at United Wholesale Mortgage (UWM), said. billion in mortgages in the period. .

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Mortgage Loan Officers Technology Tools 331

Housing Wire

MARCH 4, 2024

Three Bayview Asset Management -owned mortgage servicers are seeking to halt a plaintiff’s filing in a data breach lawsuit, citing an overabundance of confidential information shared about the incident, National Mortgage News first reported. and Fairway Independent Mortgage Corp. The objection, filed on Feb.

Mortgage 356

Mortgage Clients Development Legal 356

Appraisal Buzz

MAY 7, 2024

Steven Winokur has joined Carrington Mortgage Services as vice president, marketing, third-party origination. Winokur’s significant expertise in marketing strategy, brand development, marketing communications and digital marketing is expected to quickly build on existing marketplace momentum for Carrington’s diverse non-QM offerings. “Non-QM

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Marketing Mortgage Lending Development 195

Housing Wire

MAY 28, 2021

HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.

Mortgage 424

Mortgage Investors Tools Technology 424

Housing Wire

JANUARY 16, 2024

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.

Mortgage 383

Mortgage Development Government Tools 383

Housing Wire

APRIL 9, 2024

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims.

Clients 393

Clients Technology Investing Finance 393

Housing Wire

JUNE 13, 2024

million settlement agreement between Rocket Mortgage and current and former employees who alleged in a class-action-seeking lawsuit that the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire. A judge in Arizona has approved a $3.5 District Court Judge Douglas L.

Legal 257

Legal Development Mortgage 257

Housing Wire

APRIL 5, 2024

Reverse mortgage professionals in Massachusetts will be reliant on their borrowers’ ability to complete their required counseling sessions under the state’s face-to-face mandate following the expiration of a provision temporarily relaxing the standard that expired on April 1. So, I feel a measure of confidence in that regard.

Mortgage 363

Mortgage Law Business Development 363

Housing Wire

MAY 6, 2024

Malhotra will oversee, among other areas, the firm’s artificial intelligence (AI) development, data science, product engineering, technology operations and information security. HousingWire reported in early April that Rocket Mortgage chief Information officer Brian Woodring left the company to pursue other opportunities.

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Development Technology Tools Mortgage 349

Housing Wire

FEBRUARY 20, 2024

In today’s rapidly changing technology landscape, businesses in the title insurance , mortgage and real estate industries must prioritize cybersecurity response planning and business continuity. Document Incident Response Procedures: Create step-by-step guidelines for responding to different types of incidents.

Real Estate 322

Real Estate Mortgage Business Development 322

Housing Wire

JUNE 5, 2024

California -based mortgage lender loanDepot (LDI) has made two additions to its sales leadership team. Andrews comes to loanDepot with 25 years of mortgage industry experience, including a recent stint as national director of branch partnerships at Movement Mortgage. A native New Englander, Jeff fits the bill all around.

Loan Officers 320

Loan Officers Legal Development Mortgage 320

Housing Wire

JULY 22, 2022

Guaranteed Rate is looking to diversify its product mix amid the mortgage downturn. The mortgage lender has rolled out its first personal loan product. ” The personal loans could also be a good source of leads for mortgages down the road. The post Guaranteed Rate moves beyond mortgage appeared first on HousingWire.

Mortgage 373

Mortgage Lending Finance Retail 373

Housing Wire

JULY 5, 2023

District Court for the Western District of Texas by a group of current and former staffers from the company’s bilingual mortgage sales team alleging race-based discrimination. This is according to original reporting by Bloomberg and court documents reviewed by HousingWire. The bank, which paid a $3.7

Mortgage 353

Mortgage Lending Legal Business 353

Housing Wire

OCTOBER 27, 2023

Admittedly, the myriad of documents requiring signatures can be overwhelming, especially for first-time homebuyers. Just as some consumers don’t realize they can shop around for their title insurance, many also fail to realize they can shop around for their mortgage. To many, homebuying is a daunting, often confusing process.

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Insurance Real Estate Buyers Real Estate Agent 495

Housing Wire

SEPTEMBER 18, 2023

When it comes to the latest innovations in housing tech, adaptability and continuous learning have become indispensable virtues for industry pros immersed in the world of mortgage tech. HousingWire: As an executive, how do you keep your learning curve steep and prepare for an increasingly digital future?

Mortgage 381

Mortgage Technology Development Business 381

Housing Wire

SEPTEMBER 17, 2021

Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management ’s report published this week. The post Defects decline as mortgage lenders self-correct appeared first on HousingWire. Presented by: Deluxe.

Mortgage 370

Mortgage Development Business 370

Housing Wire

JUNE 7, 2024

which was recently sued by direct lender Home Mortgage Alliance Corp. The case was first reported by National Mortgage News. This is according to court documents reviewed by HousingWire. Wholesale lender OCMBC Inc. OCMBC response On Thursday, OCMBC published a statement in response to the lawsuit.

Law 332

Law Mortgage Lending Development 332

Housing Wire

MAY 21, 2024

Rocket Mortgage has entered into a settlement agreement with a group of current and former employees who have alleged the company did not provide sufficient overtime pay, according to court documents reviewed by HousingWire and reporting at Bloomberg Law. In a case filed in January 2023 in the U.S. Nearly 30% of the $3.5

Legal 383

Legal Law Mortgage Development 383

Housing Wire

APRIL 13, 2023

To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing.

Lending 292

Lending Mortgage Technology Business 292

Housing Wire

DECEMBER 14, 2022

uses the power of OCR, Computer Vision (CV), and Ai to transform information on Mortgage documents (paper and digital) into data and improve mortgage operations’ efficiency by enhancing speed and accuracy. is designed to cater to the unique and critical requirements of the US mortgage industry. Product Fast Facts.

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Design Development Mortgage 319

Housing Wire

JULY 11, 2022

Mortgage consulting firm LendArch has hired Karthik Kumar, the former global mortgage practice head at Tata Consultancy Services (TCS). He then spent 18 years at TCS, where he focused on solution architecture, operational delivery and entity transformation for most of the top-40 mortgage lenders and the largest vendors.

Mortgage 316

Mortgage Architecture Technology Clients 316

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

Technology 347

Technology Mortgage Tools Insurance 347

Appraisal Buzz

JUNE 27, 2022

Loan origination system (LOS) developer Vesta is integrating with LodeStar Software Solutions , a national provider of closing fee-related compliance tools for mortgage lenders. The post Vesta, LodeStar Integrate Software Capabilities for Mortgage Lenders appeared first on Appraisal Buzz.

Mortgage 195

Mortgage Tools Technology Development 195

Housing Wire

DECEMBER 21, 2021

Higher inflation, post-pandemic economic recovery and a reduction in Federal Reserve stimulus incentives are key economic factors expected to put upward pressure on interest rates as we move into 2022 — increasing the already stiff competition among mortgage lenders. Shrinking market ahead. trillion next year, and $2.53 trillion in 2023.

Mortgage 353

Mortgage Tools Lending Housing Market 353

Housing Wire

SEPTEMBER 28, 2023

FTC sued ICE earlier this year alleging the two top mortgage technology providers would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. In parallel, ICE plans to develop its own PPE to provide additional options to lenders and partners, ultimately lowering the cost for the consumer.

Technology 370

Technology Valuation Mortgage Development 370

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

Loan Officers 332

Loan Officers Real Estate Agent Technology Real Estate 332

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Government 525

Government Finance Renovations Design 525

Housing Wire

JUNE 29, 2023

DocMagic , a provider of loan document generation and eMortgage services, announced this week the integration of its Total eClose platform with Finastra ‘s MortgagebotLOS solution. This integration aims to deliver an enhanced customer experience for mortgage borrowers while streamlining the closing process.

Lending 317

Lending Tools Retail Clients 317

Housing Wire

SEPTEMBER 18, 2023

Read on to learn more about Dark Matter Technologies’ plan for mortgage. More recently, we started acquiring businesses in the mortgage tech space. We plan to be in the mortgage tech space forever. Kim : What other mortgage tech companies has Constellation Software acquired? And we plan to continue to acquire there.

Technology 466

Technology Mortgage Clients Business 466

Housing Wire

APRIL 7, 2021

While overall complaints were up 54% year-over-year, complaints against mortgage companies were up just 7.5%, and complaints against mortgage servicers were actually down, by 3.5%. These results are notable considering the sheer speed and impact the pandemic had on the mortgage finance industry.

Mortgage 430

Mortgage Finance Law Investors 430

Housing Wire

MARCH 30, 2023

New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc. According to the document, employees will be paid their wages or salaries up to their termination date. mortgage lender by volume last year.

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Retail Loan Officers Legal Technology 382