Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

Insurance 370

Insurance Loan Officers Sellers Mortgage 370

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage.

Retail 423

Retail Loan Officers Brokerage Technology 423

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Another national sales director, Ignacio Metcalf, left Movement last year and joined Princeton Mortgage as its national sales director in May. division, to Summit.

Retail 370

Retail Development Finance Lending 370

Housing Wire

JANUARY 25, 2022

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. As we move forward into 2022, I believe cash will truly be king in the mortgage industry. This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans.

Mortgage 368

Mortgage Inventory Business Loan Officers 368

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

Agents 458

Agents Sellers Buyers Finance 458

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. As of Sept. Here is how Hurst, via email, responded to our questions.

Mortgage 369

Mortgage Real Estate Investing Technology 369

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. To that end, Blend plans to use the new capital to invest in product development such as speeding up the release of its digital closing solution.

Investing 496

Investing Loan Officers Technology Development 496

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.

Housing Market 420

Housing Market Marketing Contracts Finance 420

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Valuation 358

Valuation Real Estate Agent Real Estate Clients 358

Housing Wire

SEPTEMBER 30, 2020

The use of tech in the current mortgage application process is disjointed and siloed. Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. FinXperience leverages Tavant’s FinConnect product, a leading mortgage services and data integration platform.

Lending 202

Lending Real Estate Agent Loan Officers Architecture 202

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

Clients 397

Clients Agents Buyers Sellers 397

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

Business 490

Business Law Real Estate Investors 490

Housing Wire

OCTOBER 27, 2020

For many years, we’ve been developing and investing in technology to deliver an end-to-end digital mortgage experience. We’re the largest centralized mortgage transactional services provider in the country, backed by the country’s largest provider of title insurance services.

Clients 391

Clients Technology Insurance Loan Officers 391

Assurance Financial

MARCH 2, 2022

Why Market Adoption is Critical to the Success of Mortgage Process Digitization. Katherine Campbell, Chief Digital Officer at Assurance Financial, shares her tips for achieving mortgage process digitization and handling market adoption. After a few months, however, these capabilities made the loan officers the heroes.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

Real Estate Agent 463

Real Estate Agent Loan Officers Real Estate Agents 463

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan? Was it the borrower?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We will get lower mortgage rates one day, right?

Technology 452

Technology Loan Officers Lending Business 452

Genworth MI Blog

JULY 13, 2023

There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. For traditional products and hybrid, the accurate identification of physical features and location is paramount in the development of a credible value opinion.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Housing Wire

MAY 1, 2023

This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 409

Law Loan Officers Lending Advertising 409

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Much has changed in the mortgage market over the five years since our last major product launch.

Buyers 428

Buyers Tools Mortgage Lending 428

PennyMac

SEPTEMBER 9, 2020

Putting down 20% of the total home cost isn’t required to obtain a home loan; most mortgage options have much lower minimum down payment requirements. Let’s take a look at the most common types of loans and programs, and examine each of their specific minimum down payment amounts. Mortgage Type. Mortgage Type.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. After all, you’re already paying a down payment, potentially a mortgage payment, and potentially other fees. From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. FHA Mortgage Insurance Premium.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Other users might be sellers, mortgage underwriting, banks, and contractors.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Housing Wire

JUNE 1, 2021

These 50 young disruptors come from all sectors of housing – mortgage, real estate, fintech, servicing and more – and pushed beyond the challenges the year brought. Sierra Pacific Mortgage. First Guaranty Mortgage Corporation. Wyndham Capital Mortgage. AmeriHome Mortgage. Chief Credit Officer. Company Name.

Retail 397

Retail Lending Loan Officers Finance 397

Housing Wire

AUGUST 9, 2023

This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. billion), U.S.

Marketing 364

Marketing Retail Mortgage Investors 364

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

You might be a home owner, a mortgage loan officer or even an appraisal management company. Most people, including appraisers, use the same templates and website developers to build their websites. This training is expensive and some appraisers skip this education to save money if they are not doing mortgage work.

Appraisal 60

Appraisal Appraisal Process Loan Officers Inspection 60

PennyMac

JUNE 2, 2022

For example, typical annual costs include things like: Insurance. Mortgage payments. Decide Whether To Loan or Buy In Cash. Prepare financially: save for your down payment if you’re getting a mortgage and get pre-approved if possible. Speak with a Pennymac Loan Officer to explore your financial options.

Real Estate 69

Real Estate Investing Tenants Property Management 69

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. By purchasing mortgages from lenders, Fannie Mae helps to ensure that there is a steady supply of mortgage funds available to homebuyers.

Government 36

Government Housing Market Mortgage Investors 36

Housing Wire

OCTOBER 3, 2022

Optimizing the mortgage process means finding fast, efficient solutions for each part of the customer journey. The system also provides management reporting on user productivity and loan metrics derived from a beginning-to-end workflow that can reduce costs and manual tasks.

Technology 366

Technology Loan Officers Modernization Retail 366

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. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

Housing Market 441

Housing Market Marketing Brokerage Real Estate 441

Assurance Financial

MARCH 1, 2021

Fortunately, not every mortgage loan requires a sizeable down payment. Discuss your situation with mortgage lenders who can let you know how much of a loan you may be eligible for. Your total housing expenses may include: Your mortgage principal and interest. Homeowners insurance. Real estate taxes.

Landlords 45

Landlords Insurance Mortgage Transportation 45

Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Does your CRM hurt or help the customer experience?

Real Estate 450

Real Estate Business Valuation Technology 450