Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) The companies are U.S.-based, Trius Lending Partners (no.678),

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Loan Officers Mortgage Development Lending 370

Housing Wire

MARCH 4, 2022

California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. “We put a lot of effort and energy into developing a program to help brokers grow.

Technology 370

Technology Government Logistics Retail 370

Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. As of Oct.

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Loan Officers Mortgage Technology Realtors 425

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Marketing Radio.

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Loan Officers Mortgage Lending Modernization 413

Housing Wire

MARCH 28, 2024

The digital lender made changes in its commercial operating model to achieve this goal and will continue to invest in Tinman, its proprietary technology platform. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Better posted a GAAP net loss of $59.5

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Loan Officers Technology Investing Realtors 435

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

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Loan Officers Mortgage Finance Lending 410

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?

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Mortgage Retail Lending Loan Officers 370

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight.

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Loan Officers Real Estate Agent Technology Real Estate 370

Housing Wire

NOVEMBER 10, 2022

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . The transaction, confirmed by the companies, is a step to boost Movement’s presence on the East Coast amid shrinking loan origination volumes. Mortgage Network funded $2.5

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Retail Mortgage Loan Officers Legal 370

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

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Mortgage Finance Insurance Tools 461

Housing Wire

SEPTEMBER 14, 2023

Most tech CEOs emphasize how their technology empowers, not replaces, humans. But Pavan Agarwal, CEO of Sun West Mortgage Company and the creator of the Angel Ai technology, has a different perspective, which he shares in this interview with HousingWire Editor in Chief Sarah Wheeler. But high value?

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Loan Officers Technology Mortgage Training 413

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. UWM firmly believes the time to dominate as an independent mortgage broker is now. Bryan Miller, Vice President of National Sales.

Mortgage 364

Mortgage Real Estate Agent Clients Tools 364

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

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Lending Technology Loan Officers Clients 444

Housing Wire

MARCH 30, 2023

New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc. Per Inside Mortgage Finance data, the company was the 39th-largest U.S. mortgage lender by volume last year. CMG was the 27th-largest.)

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Retail Loan Officers Legal Technology 413

Housing Wire

JANUARY 10, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services scrapped its plans to hire more than 300 staff in North Carolina due to prolonged periods of elevated interest rates. million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina.

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Investing Development Tenants Loan Officers 393

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. 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. In returning from its three-year hiatus, Interfirst said it had reinvented itself as a tech-forward mortgage lender.

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Mortgage Loan Officers Retail Technology 386

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

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Mortgage Retail Loan Officers Brokerage 400

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

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Mortgage Loan Officers Retail Training 370

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. The post 2020 HW Tech Trendsetter: Paul Anastos appeared first on HousingWire.

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Loan Officers Real Estate Agent Technology Development 338

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

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Mortgage Retail Lending Sellers 425

Housing Wire

MARCH 25, 2021

Digital mortgage and fulfillment platform Maxwell has raised $16.3 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. mortgage market.

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Mortgage Lending Technology Loan Officers 425

Housing Wire

NOVEMBER 15, 2022

Insightful borrower data and enhanced tech solutions are paramount to success in today’s modern mortgage industry. HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. .

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Housing Market Marketing Loan Officers Tools 446

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.

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Mortgage Marketing Retail Lending 524

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.,

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Mortgage Loan Officers Lending Human Resources 425

Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. Lending institutions included mortgage banks, depository institutions and credit unions.

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Technology Lending Valuation Mortgage 412

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. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

MARCH 15, 2021

Josh Friend : Amid this global pandemic, mortgage rates have been at historically low levels, borrower demand has increased, refi’s have broken records and lenders have had to shift in many instances to a remote workforce. Retail lenders originate loans through their in-person retail branches. According to the J.D.

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Lending Retail Mortgage Loan Officers 400

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 433

Retail Loan Officers Brokerage Technology 433

Housing Wire

MAY 23, 2022

California-based nonbank mortgage lender Pennymac Financial Services will lay off 207 additional employees in June and July following a workforce reduction filing of more than 230 employees in March. Layoffs of 190 employees at Pennymac were first reported by National Mortgage News. Loan servicing followed at 4.1%

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Loan Officers Human Resources Mortgage Business 400

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

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Retail Mortgage Loan Officers Marketing 370

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How do you think about technology and prioritizing what to do next? What’s changing there?

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Appraisal Technology Modernization Real Estate Agent 425

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.

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Mortgage Sellers Technology Real Estate Agent 309

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 425

Loan Officers Retail Clients Real Estate Agent 425

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s homeowners.

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Brokerage Mortgage Loan Officers Finance 425

Housing Wire

SEPTEMBER 29, 2021

We get our fulfillment not from the numbers but from watching our people develop and grow,” said Lawson. That is the kind of broker we like working with – a team that succeeds by focusing on the human aspects of their operation, so everyone brings their full and most productive selves to the office.

Mortgage 370

Mortgage Tools Clients Technology 370

Housing Wire

MARCH 8, 2021

Despite the increased pace, the industry as a whole still has room for continued tech development and usage. HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to. First, mortgage lending is highly volatile.

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Technology Lending Loan Officers Development 406

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.

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Technology Real Estate Agent Loan Officers Lending 384