Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. billion in profit in 2020 and $6.1

Loan Officers 367

Loan Officers Retail Real Estate Agent Real Estate 367

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. million in seed funding, led by SignalFire in December 2021 to develop the mobile app. Terms of the transaction were not disclosed.

Finance 348

Finance Real Estate Agent Loan Officers Legal 348

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

JUNE 30, 2022

Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. At UWM, we’re always looking for ways our brokers can grow their business,” said Justin Glass, Senior Vice President and Chief Digital Officer at UWM.

Mortgage 330

Mortgage Real Estate Agent Clients Tools 330

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HW: How has wholesale changed over the past 2–3 years?

Mortgage 366

Mortgage Retail Lending Loan Officers 366

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 453

Finance Real Estate Agent Real Estate Insurance 453

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 395

Buyers Agents Loan Officers Real Estate 395

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

Mortgage 422

Mortgage Business Legal Real Estate 422

Housing Wire

NOVEMBER 30, 2020

Paul Anastos has been on the forefront of innovation within the housing industry for over a decade, specializing in developing technology solutions and transforming businesses into industry powerhouses.

Loan Officers 287

Loan Officers Real Estate Agent Technology Development 287

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. And so, they know the local real estate agents. Diagnosing low H4P uptake.

Business 360

Business Real Estate Agent Real Estate Loan Officers 360

Appraisal Buzz

OCTOBER 18, 2021

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents and settlement agents, has acquired Georgia-based software firm LBA Ware. The post SimpleNexus Adds Business Intelligence Tools with LBA Ware Acquisition appeared first on Appraisal Buzz.

Tools 195

Tools Business Real Estate Agent Loan Officers 195

Appraisal Buzz

JUNE 7, 2021

Matt Hansen, founder and CEO of SimpleNexus , a mortgage origination platform for loan officers, borrowers, real estate agents and settlement agents, is stepping down from his CEO role to lead a newly formed skunkworks unit, the company reports.

Real Estate Agent 221

Real Estate Agent Loan Officers Real Estate Agents 221

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. According to the Mortgage Bankers Association ’s yearly forecast, purchase mortgage originations are expected to grow by 9% to $1.73

Marketing 397

Marketing Real Estate Agent Loan Officers Advertising 397

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 399

Marketing Real Estate Agent Lending Real Estate 399

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

Construction 397

Construction Real Estate Agent Loan Officers Legal 397

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

FEBRUARY 16, 2024

For most of its history, New American Funding (NAF) has focused on organic growth, but earlier this month, the company acquired Draper and Kramer Mortgage Corp. We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better. That’s why we started NAF Cash.

Loan Officers 410

Loan Officers Retail Clients Real Estate Agent 410

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 397

Architecture Real Estate Agent Loan Officers Real Estate 397

Housing Wire

SEPTEMBER 30, 2021

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. Hassan Rashid, Chief Revenue Officer. Mohammad Rashid, Head of Fintech Practice.

Loan Officers 330

Loan Officers Architecture Real Estate Agent Clients 330

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. That means that they get more product options.

Retail 402

Retail Loan Officers Brokerage Technology 402

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. I spent six years on the Board of Real Estate Appraisers in Colorado right after the housing crisis.

Appraisal 421

Appraisal Technology Modernization Real Estate Agent 421

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 359

Technology Real Estate Agent Loan Officers Lending 359

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.

Valuation 327

Valuation Real Estate Agent Real Estate Clients 327

Housing Wire

JUNE 2, 2021

Real estate tech firm SImpleNexus announced Wednesday that founder Matt Hansen will be stepping down as CEO, with current president Cathleen Schreiner Gates replacing him. 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.

Real Estate Agent 267

Real Estate Agent Development Real Estate Technology 267

Housing Wire

JANUARY 13, 2021

As more and more mortgage tech companies enter the scene, competition for accessibility and personalization gained speed this week as proptech touched down in more niche submarkets. The tech will assess the completeness of the loan package when sellers upload required documents and set conditions when information is missing.

Mortgage 275

Mortgage Sellers Technology Real Estate Agent 275

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. United Wholesale Mortgage (UWM) is solely focused on growing the wholesale channel and helping independent brokers thrive. “At 1 wholesale mortgage lender in the nation for six years running.

Tools 306

Tools Training Technology Clients 306

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. 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 ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 360

Real Estate Brokerage Real Estate Agent Technology 360

Housing Wire

MARCH 30, 2022

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. Since we now have good coverage across those segments, our more recent investments have primarily focused in two areas – mortgage technology and commercial real estate.

Mortgage 360

Mortgage Real Estate Investing Technology 360

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 199

Lending Real Estate Agent Loan Officers Architecture 199

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%.

Real Estate Agent 449

Real Estate Agent Loan Officers Real Estate Agents 449

Housing Wire

APRIL 7, 2021

” Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. . “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

Retail 337

Retail Business Agents Loan Officers 337

McKissock

JANUARY 18, 2022

A skilled real estate agent can play a major role in guiding these fledgling property owners through the maze that is a real estate transaction. Schaechterle suggests that part of developing trust is by setting up clear expectations for a new home buyer. Honesty Counts. How far will their budget truly go?

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

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. First, he has his clients lender call the listing agent.

Clients 396

Clients Agents Buyers Sellers 396

Housing Wire

JANUARY 24, 2023

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. Department of Housing and Urban Development (HUD). “The program raises the potential for violations,” said Troy Garris, co-managing partner at Garris Horn LLP. It quickly prompted antitrust lawsuits.

Lending 363

Lending Law Legal Training 363

Realtor

FEBRUARY 13, 2023

Illustration by Realtor.com / Getty Images Getting a mortgage to buy a home is a process, with many hoops and hurdles to jump through and over before reaching the finish line. And this is particularly true for certain specialized loans, like those offered by the United States Department of Agriculture. land are eligible.

Development 156

Development Loan Officers Appraisal Finance 156

Housing Wire

JANUARY 25, 2024

Editor in Chief Sarah Wheeler sat down with Matt Van Fossen, CEO of Absolute Home Mortgage and Mortgage Automation Technologies , to talk about his unique view of the housing ecosystem and how it influences how he builds technology. MVF: We realized that we needed to focus on the real estate agents our loan officers work with.

Loan Officers 399

Loan Officers Real Estate Agent Agents Technology 399