Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. When will the market turn?

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Housing Wire

OCTOBER 10, 2024

Founded by Karl Jacob and Allan Carroll in 2017, LoanSnap raised $100 million in seed funding from investors such as Richard Branson’s Virgin Group ; former NFL star Joe Montana’s Liquid 2 Ventures ; and LinkedIn co-founder Reid Hoffman.

Mortgage 403

Mortgage Landlords Loan Officers Legal 403

Housing Wire

JANUARY 3, 2024

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. “To 15 and reviewed by HousingWire.

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Loan Officers Development Investors Finance 430

Housing Wire

APRIL 23, 2024

Investor interest, product offerings When asked about investor interest, Krajewski said that partners are eager about the prospect of more companies entering the reverse mortgage business — especially firms that are well known to them. Too often, forward loan officers are just focused on their real estate agent partners.

Mortgage 425

Mortgage Loan Officers Investors Business 425

Housing Wire

AUGUST 8, 2022

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? HW: What strategies can loan officers employ to win with non-QM in the second half of 2022?

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Lending Loan Officers Training Investors 388

Housing Wire

JANUARY 19, 2023

After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. Guaranty Home Mortgage originated $68.76

Retail 388

Retail Mortgage Loan Officers Lending 388

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Through Blue Sage DSP, lenders will be able to close loan transfers, process individual and batch payments, onboard loans as well as collect payments, the company said.

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Retail Lending Design Technology 430

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. with 85% owned by individual investors and LLCs based on 2021 U.S. The reasons for the success of non-QM lies partly in the composition of borrowers.

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Investors Real Estate Lending Loan Officers 460

Appraisal Buzz

MAY 10, 2024

The Base Rate Generator has helped us to put out a better rate sheet to our loan officers and third parties,” says Brian Gilpin, chief financial officer and head of capital markets at Embrace Home Loans, in a release. “It

Loan Officers 195

Loan Officers Investors Clients Development 195

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

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Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

MARCH 29, 2023

And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. Purchase applications remain over 30% behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.”

Mortgage 417

Mortgage Real Estate Agent Loan Officers Buyers 417

Housing Wire

JANUARY 11, 2022

In addition, Redfin expects to incur a non-cash impairment charge of $2 million to $3 million on mortgage-specific, internally developed software. Founded in 2007, Corte Madera-based Bay Equity originated a volume at $8.5 billion in 2021, nearly ten times the size of Redfin’s existing portfolio.

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Loan Officers Lending Real Estate Brokerage 475

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 441

Retail Loan Officers Brokerage Technology 441

Housing Wire

MAY 19, 2022

Another panel participant, Shelly Griffin, senior vice president of client development at non-QM lender Deephaven Mortgage , added, “When I’m talking with loan officers, I get asked about ARMs a lot. There’s a lot of different reasons why someone falls outside the agency loans.

Loan Officers 460

Loan Officers Lending Mortgage Housing Market 460

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 388

Mortgage Loan Officers Retail Technology 388

Housing Wire

MARCH 31, 2022

We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. And investor guidelines are continually evolving. And investor guidelines are continually evolving. But, as we’ve noted, necessity is changing this.

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Marketing Investors Technology Loan Officers 403

Housing Wire

MARCH 25, 2021

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. Digital mortgage and fulfillment platform Maxwell has raised $16.3 The round was led by Fin VC and TTV Capital.

Mortgage 430

Mortgage Lending Technology Loan Officers 430

Housing Wire

JUNE 2, 2021

Hansen told HousingWire that he stepped down to lead a team of software developers and sales staff for upcoming research and development tactics within SimpleNexus. This new role will give him more time to focus on his passion for product and development, he said.

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Real Estate Agent Real Estate Development Technology 371

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” Tozer suggested “a fee of 1.3%

Mortgage 388

Mortgage Loan Officers Government Buyers 388

Housing Wire

JANUARY 16, 2024

Optimal Blue ’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loan officers full product and search capabilities from their mobile phones. All eligible products and rates are presented – including any adjustments, notes, and advisories.

Loan Officers 430

Loan Officers Investors Mortgage Development 430

Housing Wire

JANUARY 27, 2021

They also offer a home equity platform for home equity loan applications and HELOCs under the same umbrella. Roostify’s latest funding round was led by Ten Coves Capital with returning investors Cota Capital, Mouro Capital , Colchis Capital , Point72 Ventures, and JP Morgan Chase.

Lending 370

Lending Technology Loan Officers Investors 370

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.

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Appraisal Technology Modernization Real Estate Agent 430

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested. It’s the sprint that can really set lenders apart.

Mortgage 475

Mortgage Technology Tools Business 475

Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. Unlike banks and credit unions, nonbanks can’t hold these [home equity] loans on their balance sheets. …

Housing Market 430

Housing Market Marketing Contracts Finance 430

Housing Wire

JULY 15, 2022

This week’s HW+ member spotlight features Brian Gubernick, chief real estate officer at Homeward. He has more than 15 years of industry experience, holding multiple positions in the industry including being an investor, team owner/leader, brokerage operating partner, coach and trainer and corporate executive.

Real Estate 403

Real Estate Realtors Brokerage Business 403

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. ” Just a little less vanilla. But non-QM is a fairly dangerous space right now. and Sprout Mortgage.

Mortgage 403

Mortgage Loan Officers Finance Investors 403

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 430

Brokerage Mortgage Loan Officers Finance 430

Housing Wire

AUGUST 12, 2020

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. 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 502

Investing Loan Officers Technology Development 502

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. HomeSmart has yet to give itself a valuation or declare how much money it seeks to raise in a public offering.

Brokerage 430

Brokerage Real Estate Agents Loan Officers 430

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

Lending 441

Lending Loan Officers Business Investors 441

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 388

Real Estate Brokerage Real Estate Agent Technology 388

Housing Wire

NOVEMBER 29, 2021

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. Charlotte-based Canopy is a relative newcomer to the TPR market. “The

Loan Officers 475

Loan Officers Supply Chain Mortgage Marketing 475

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 525

Mortgage Marketing Retail Lending 525

Housing Wire

FEBRUARY 28, 2022

The company has shown steady growth since it was founded in 2008 and demonstrated profitability across varying market conditions, rising to become the nation’s top correspondent investor and the No. The company meticulously logged client feedback regarding challenges in the loan process and worked to eliminate pain points as well.

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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 498

Business Law Real Estate Investors 498

Housing Wire

AUGUST 26, 2024

“Rate declines will impact companies differently based on their business model,” said Craig Freel, partner and co-chief investment officer at Rice Park Capital Management , an investor in residential mortgage assets. But acquiring these clients is only part of the strategy.

Mortgage 440

Mortgage Business Investing Clients 440

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.

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Mortgage Real Estate Investing Technology 370