Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. In the purchase market, there are a lot of times people want that more personal touch, you need to be developing relationships with Realtors, and that can be much more difficult to do at scale,” he said.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% ” Just a little less vanilla. ” Just a little less vanilla.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. Founded in 2015, Trussle has raised £26.7m ’s $1.5 We researched the U.K.

Brokerage 421

Brokerage Mortgage Loan Officers Finance 421

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 384

Mortgage Loan Officers Retail Technology 384

Housing Wire

NOVEMBER 22, 2023

Another example is the LIDAR that’s now available on iPhones, which adds a whole other dynamic to developing point cloud technology to gather measurements and spatial information about anything that you’re scanning. Now, we’re giving a fully transparent data package to the appraiser that they have to use to develop their opinions.

Appraisal 421

Appraisal Technology Modernization Real Estate Agent 421

Housing Wire

JANUARY 14, 2022

Last Friday, HomeSmart filed an “ S-1 ” with the Securities and Exchange Commission , a document that conveys HomeSmart’s intention to sell company shares to prospective investors and the public. A not insignificant component of HomeSmart’s finances is what is funneled to, and from, Widdows. million net loss, according to the filing.

Brokerage 421

Brokerage Agents Real Estate Loan Officers 421

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 384

Real Estate Brokerage Real Estate Agent Technology 384

Housing Wire

SEPTEMBER 5, 2023

It’s so important in this market that when a buyer puts an offer on a home, it’s 100% clear that financing is available and ready to support the purchase. SW: Affordable housing initiatives are on the radar of more lenders this year, but your typical loan officer may not have a lot of experience there.

Technology 397

Technology Mortgage Tools Insurance 397

Housing Wire

SEPTEMBER 15, 2020

Digital notary platform Notarize also closed on a $35 million Series C round of funding in March, raising a total of $82 million with investments from real-estate focused venture capital firm Camber Creek , Boston-based Polaris Partners , and other existing strategic investors.

Business 491

Business Law Real Estate Investors 491

Housing Wire

MARCH 30, 2022

We’re identifying and investing in new mortgage technology companies and capitalizing on the recent interest of entrepreneurs and venture investors in commercial real estate. BH: Can you share developments related to Endpoint? Hurst: On the venture investing side, the two areas I just mentioned continue to be a focus.

Mortgage 370

Mortgage Real Estate Investing Technology 370

Listing Spark

FEBRUARY 16, 2023

They also talk about the different types of financing available and how to structure a successful real estate investment. About Stallion Funding Stallion Funding is a hard money lender offering creative financing solutions for real estate investments and projects. ” [00:03:08] Who does Stallion Funding partner with?

Real Estate 36

Real Estate Investing Investors Lending 36

PennyMac

JUNE 2, 2022

Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. It may seem overwhelming, but with the right financing, this is doable. He provides a list of four factors that new investors need to consider in order to get organized and narrow down their choices.

Real Estate 69

Real Estate Investing Tenants Property Management 69

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. “We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Abate: There are a couple of things investors care about.

Investors 397

Investors Investing Mortgage Real Estate 397

Assurance Financial

JUNE 15, 2023

Its purpose is to provide liquidity and stability to the housing market by buying mortgages from home loan lenders and securitizing them into mortgage-backed securities (MBS) that are sold to investors. Fannie Mae is regulated by the Federal Housing Finance Agency (FHFA) and is one of two GSEs, the other being Freddie Mac.

Government 36

Government Housing Market Mortgage Investors 36

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 We took those same investors that are our partners, and we just aligned specific products to them.” year over year.

Marketing 370

Marketing Retail Mortgage Investors 370

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Loan officers and brokers need to reconnect with past clients and show their value.

Finance 397

Finance Construction Law Inventory 397

Housing Wire

DECEMBER 21, 2023

KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. Part of that was also having to completely reconsider how we looked at investors and how we look at sources of liquidity. SW: How are you developing products for the next wave of homebuyers?

Technology 420

Technology Investors Development Loan Officers 420

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. Though not necessarily to buyers with financing.

Housing Market 441

Housing Market Marketing Brokerage Real Estate 441

PennyMac

SEPTEMBER 9, 2020

FHA loans typically have more flexible lending guidelines than other investors. FHA typically offers down payments as low as 3.5%, however, FHA requires mortgage insurance regardless of your loan to value. USDA Rural Development Loans. Fannie Mae’s HomeReady® Mortgage.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Lamacchia Realty

MARCH 4, 2024

Whether you are a first-time homebuyer or a seasoned investor, choosing the right mortgage broker can significantly impact your overall home-buying experience. A knowledgeable mortgage broker is always up to date on the latest developments, ensuring that your mortgage transaction proceeds smoothly and without legal hiccups.

Mortgage 69

Mortgage Legal Realty Buyers 69

Housing Wire

APRIL 13, 2022

Competition favors institutional investors and households with higher incomes and stellar credit. Incentivizing developers is necessary. To stimulate production, local governments can incentivize developers to set aside affordable housing for underserved households, especially by granting tax breaks and density bonuses.

Insurance 384

Insurance Construction Government Lending 384

Appraisal Today

JANUARY 12, 2024

They have always been available, mostly for short-term financing and borrowers with poor credit or no credit history. They are risky for the lender and its investors. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? Custom home on 8.86

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

MARCH 29, 2022

And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. Housing and Urban Development Secretary Marcia Fudge. Marcia Fudge, called attention to the continued practice of redlining. “We We still have redlining in this country,” Fudge said. “We The reason?

Lending 370

Lending Government Law Mortgage 370

Clear Capital

SEPTEMBER 29, 2021

And the mechanism behind it is if I have an offer that is accepted as a Ribbon-backed offer, I go to closing and if for some reason the lender is unable to finance the mortgage on time, we’ll step in, we’ll buy the home on behalf of the consumer. And then that triggered a whole series of developments for us. Shaival Shah.

Sellers 69

Sellers Agents Real Estate Buyers 69

Housing Wire

MARCH 15, 2022

Over the next two decades, housing finance experts predict Hispanic homeowners will make up 70% of all new homeowners. About two-thirds of purchase originations financed by the GSEs that year went to non-Hispanic white borrowers, while 10.9% of loans purchased by Fannie Mae, and 8.4% NAHREP co-Founder and CEO Gary Acosta.

Government 384

Government Insurance Finance Investing 384