Housing Wire

SEPTEMBER 29, 2020

Right now, while things are good, invest in cross-training your staff. People take pride in their work when they believe that their leaders are invested in them as people — not just as tools to help them reap short-term rewards. But brand recognition doesn’t develop overnight. Most importantly: Will you be able to retain them?

Lending 431

Lending Loan Officers Business Investors 431

Housing Wire

MARCH 17, 2022

During the transactions, Apollo purchased eNote digital mortgage assets, originated by Figure on the Provenance Blockchain and registered on its Digital Asset Registration Technologies (DART) platform, via an investment vehicle it manages on a blockchain-based marketplace.

Technology 466

Technology Landlords Valuation Lending 466

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 421

Housing Market Marketing Contracts Finance 421

Housing Wire

FEBRUARY 2, 2022

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 364

Mortgage Technology Lending Modernization 364

Housing Wire

MAY 17, 2022

Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

Logistics 367

Logistics Legal Investors Technology 367

Housing Wire

MAY 24, 2021

Our first goal was to make mortgage lending easier and more accessible, but we’ve been intentional in recognizing that our technology can be used to facilitate so much more, including commercial lending, servicing, foreclosure and more,” Ligris said. Presented by: Sagent Lending Technologies.

Technology 419

Technology Lending Investors Modernization 419

Housing Wire

DECEMBER 15, 2021

Toronto-based cryptocurrency lending platform Ledn has raised $70 million in a Series B funding round to support the growth of its digital assets lending business, including a new Bitcoin-backed mortgage product. Other investors included Golden Tree Asset Management , Raptor Group , and FJ Labs.

Mortgage 421

Mortgage Clients Lending Investors 421

Housing Wire

JUNE 30, 2022

FGMC, controlled by global investment management firm PIMCO, said it had “significant operating losses and cash flow challenges due to unforeseen historical adverse market conditions for the mortgage lending industry, including unanticipated market volatility.”.

Lending 545

Lending Finance Mortgage Investors 545

Housing Wire

FEBRUARY 5, 2021

Built announced it plans to use the funding to expand its Built for Lending product suite, as well as to accelerate its efforts to serve more bank and nonbank lenders in the U.S. The Series C was led by Addition , venture capitalist and investor Lee Fixel’s new fund. and Canada.

Technology 290

Technology Construction Finance Modernization 290

Housing Wire

JULY 25, 2023

So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said. F2 Finance – which launched in April – is the first venture introduced by a fintech investment firm Faes & Co – founded by Faes in 2023.

Finance 369

Finance Marketing Lending Inventory 369

Housing Wire

AUGUST 10, 2021

Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. Just one week after its announcement that it would merge with lender Homebridge Financial Services , the company revealed a partnership with loan servicing software developer Sagent. billion valuation.

Mortgage 384

Mortgage Technology Investors Development 384

Housing Wire

MARCH 2, 2023

We continue investing in tech while it’s not that crazy busy. We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said. “We While investor bonds were scarce, A&D securitized its loans and sold the bonds, leading to seven securitization deals in 2022.

Mortgage 397

Mortgage Investors Development Investing 397

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

Mortgage 397

Mortgage Lending Finance Retail 397

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The acquisition is intended to enable Seattle-based Redfin to expand its loans products nationally, as it wants to be a one-stop-shop for brokerage and lending.

Loan Officers 466

Loan Officers Lending Real Estate Brokerage 466

Housing Wire

JUNE 8, 2021

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We According to Lind, one way for existing housing stock to be expanded and improved upon is through investors or developers using fix’n’flip loans.

Inventory 339

Inventory Renovations Lending Construction 339

Housing Wire

JULY 1, 2022

With more hopeful homeowners searching for non-traditional lending solutions, brokers are looking to partner with wholesale lenders that can offer unique options. On the other hand, they’re often worried it may be difficult to learn how to broker non-QM,” said Shelly Griffin, Senior Vice President of Client Development.

Training 370

Training Mortgage Client Relationships Lending 370

Housing Wire

APRIL 13, 2022

Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. We’ve made a lot of progress,” said Thomas Wind, executive vice president of consumer lending at the U.S. Bank Home Mortgage.

Mortgage 409

Mortgage Technology Development Finance 409

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. To date, LoanSnap has attracted about $53 million in venture capital investment.

Mortgage 450

Mortgage Technology Investing Investors 450

Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however.

Housing Market 370

Housing Market Marketing Contracts Lending 370

Housing Wire

AUGUST 9, 2021

HousingWire: What does the performance of non-QM in the first half of 2021 tell us about the future of non-QM lending? As well, restrictions set forth by Fannie Mae and Freddie Mac along with increased bank lending restrictions mean increased demand for non-QM. We can save the deal for our clients and the borrower.

Investors 410

Investors Clients Lending Real Estate 410

Housing Wire

MARCH 21, 2022

It included participation from existing investors Ribbit Capital , NFX and Zigg Capital. New investors Telesoft Partners and proptech VC Parker89 also participated in the round, which brings Tomo’s total funding raised to date to $110 million. And that’s why SVB Capital led this round, after investing in the company’s seed round.

Valuation 383

Valuation Real Estate Agent Real Estate Investors 383

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 382

Real Estate Brokerage Real Estate Agent Technology 382

Boston Appraisal

OCTOBER 6, 2023

While there is a myriad of financing options available for those looking to purchase or invest in real estate, today we’ll zero in on two distinct choices: hard money loans and traditional financing. Hard money loans, in contrast, are often financed by private investors or smaller lending companies.

Finance 148

Finance Investors Lending Real Estate 148

Housing Wire

MARCH 30, 2022

But for First American, its shrewd investments in rising proptech companies are a core business strategy. By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. Two examples of investments we have made in this space are Vesta and Polly.

Mortgage 370

Mortgage Real Estate Investing Technology 370

Housing Wire

JANUARY 22, 2021

The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare. “I’m going to be extraordinarily focused times 10 on wholesale mortgage lending,” said Mat Ishbia, whose father Jeffrey founded the company in 1986.

Mortgage 520

Mortgage Technology Investors Business 520

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans.

Investing 496

Investing Loan Officers Technology Development 496

Housing Wire

JANUARY 31, 2021

Most of all, they help servicers evaluate and mitigate the risk of investments in a timely manner. With an in-house team of more than 700 members across the country, Clear Capital was able to roll out several platforms to help mortgage servicers make confident lending decisions that save time and money.

Valuation 287

Valuation Technology Development Real Estate 287

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. Blend’s investors are betting that the firm can be much more than the tech that underpins mortgage application processing.

Insurance 384

Insurance Investors Technology Real Estate Agent 384

Housing Wire

APRIL 22, 2022

For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. Over time, we expect to diversify our revenue streams.”

Mortgage 397

Mortgage Marketing Human Resources Clients 397

Housing Wire

JUNE 14, 2023

The Federal Open Markets Committee (FOMC) has decided to pause its rate hikes in June after data that pointed to cooling inflation and the need to assess how much banks have slowed down their lending due to the recent tumult in the sector. However, 60% of these investors bet officials will impose a rate hike at the July 26 meeting.

Mortgage 384

Mortgage Real Estate Investors Marketing 384

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. NAR is advocating for temporarily lower capital gains taxes for mom-and-pop real estate investors [i.e.,

Inventory 466

Inventory Renovations Real Estate Government 466

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. That was a favorable development,” Deitch said. ” Mr. Cooper also stated the company’s corporate uninsured cash accounts are held in money centers and global investment banks. ”

Mortgage 370

Mortgage Clients Retail Marketing 370

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. The investment we make today will have exponential benefits in 2023, 2024 and 2025 and beyond,” UWM CEO and Chairman Mat Ishbia said during an earnings call. ” Just a little less vanilla.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

OCTOBER 26, 2020

As one of the largest correspondent investors in the country, AmeriHome is focused on being a consistent, reliable partner to its clients. In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions.

Client Relationships 384

Client Relationships Clients Technology Business 384

Housing Wire

MARCH 28, 2024

Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested. People need to know what the process is and how to perform it to the satisfaction of the lender, their investors and government regulators. Two things I will say about technology.

Mortgage 465

Mortgage Technology Tools Business 465

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. ” Nick Smith, the founder, managing partner and CEO of Minneapolis-based Rice Park Capital Management , sees the FHFA advisory bulletin as a positive development.

Sellers 306

Sellers Investors Valuation Finance 306

Listing Spark

FEBRUARY 16, 2023

Episode Summary Julie Daniels subs in for host Aaron Jistel and Rachael Holladay, VP of Lending at Stallion Funding. They also talk about the different types of financing available and how to structure a successful real estate investment. She has been with the company for 12 years and enjoys helping her clients be successful.

Real Estate 36

Real Estate Investing Investors Lending 36