Housing Wire

JANUARY 18, 2024

Dark Matter Technologies , formerly Black Knight Origination Technologies, is gearing up to bring more lenders on to use its Empower loan origination system in 2024. Read on to learn more about how Dark Matter Technologies’ plans increase market share and utilize AI in its LOS.

Technology 380

Technology Marketing Architecture Clients 380

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. Desmond Smith: There are two ways to get a mortgage — wholesale or retail.

Mortgage 365

Mortgage Retail Lending Loan Officers 365

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. nationally, per Inside Mortgage Finance (IMF) estimates.

Mortgage 405

Mortgage Retail Lending Sellers 405

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

Technology 385

Technology Retail Lending Design 385

Housing Wire

MARCH 6, 2024

Pennymac Financial Services has made changes to its technology leadership, creating a new role focused on digital innovations, the company announced on Tuesday. They also come as the mortgage industry is making efforts to adopt artificial intelligence solutions to improve productivity and better assist customers.

Technology 404

Technology Retail Contracts Tools 404

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. In addition, the company’s CEO, Peter Norden, will act as executive advisor to CMG’s retail division to ensure a successful transition. CMG was the 27th-largest.)

Retail 401

Retail Loan Officers Legal Technology 401

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. The post Mid America Mortgage rebrands to Click n’ Close appeared first on HousingWire.

Mortgage 339

Mortgage Retail Technology Lending 339

Housing Wire

NOVEMBER 15, 2023

Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect , formerly a subsidiary of mortgage technology company Mortgage Connect LP. Terms of the deal were not disclosed.

Valuation 390

Valuation Technology Clients Modernization 390

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 444

Technology Development Real Estate Realty 444

Housing Wire

MAY 23, 2022

Full-service lender Cherry Creek Mortgage announced Rick Hogle has joined the company as its chief revenue officer. In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels.

Mortgage 386

Mortgage Retail Insurance Development 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.

Mortgage 381

Mortgage Retail Loan Officers Brokerage 381

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),

Loan Officers 369

Loan Officers Mortgage Development Lending 369

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

JANUARY 22, 2021

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. In the third quarter, UWM originated $54 billion worth of mortgages. By 10:45 a.m.

Mortgage 520

Mortgage Technology Investors Business 520

Housing Wire

SEPTEMBER 28, 2023

FTC sued ICE earlier this year alleging the two top mortgage technology providers would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. In parallel, ICE plans to develop its own PPE to provide additional options to lenders and partners, ultimately lowering the cost for the consumer.

Technology 400

Technology Valuation Mortgage Development 400

Housing Wire

DECEMBER 6, 2022

million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. The product is currently deployed with early design partner customers via a private beta, and Pylon plans to use the funding for product development and talent recruitment. . Startup Pylon raised $8.5

Mortgage 337

Mortgage Retail Development Design 337

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending.

Mortgage 379

Mortgage Loan Officers Retail Technology 379

Housing Wire

JANUARY 31, 2024

Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG). It was also the area where we were the most evolved.

Mortgage 348

Mortgage Finance Business Development 348

Housing Wire

MARCH 15, 2021

HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. HW: What are some strategies that retail lenders should look at adopting from direct-to-consumer lending? According to the J.D. Power 2020 U.S.

Lending 395

Lending Retail Mortgage Loan Officers 395

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.

Mortgage 363

Mortgage Loan Officers Retail Training 363

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 366

Loan Officers Retail Real Estate Agent Real Estate 366

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

Appraisal Buzz

APRIL 22, 2022

DART (Digital Asset Registration Technologies Inc.), a combined lien and eNote registry system developed by Figure Technologies Inc. using blockchain technology, has two new integration agreements. The first is with Blue Sage , a cloud-based digital lending platform for retail, wholesale and correspondent lenders.

Retail 195

Retail Technology Lending Development 195

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. Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States.

Loan Officers 408

Loan Officers Retail Clients Real Estate Agent 408

Housing Wire

OCTOBER 4, 2022

Gold Star Mortgage Financial Group. Managing Director and Global Head of Mortgage Services. Built Technologies. Mortgage Champions. Sales Boomerang and Mortgage Coach. Chief Technology Officer. Freedom Mortgage. United Wholesale Mortgage. Sierra Pacific Mortgage. SRE Technologies.

Human Resources 407

Human Resources Lending Real Estate Technology 407

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. The workforce reduction is also focused on mortgage loan production. Godin relaunched the business in late 2019 as a lender focused on both wholesale and retail channels.

Human Resources 376

Human Resources Loan Officers Retail Training 376

Housing Wire

JUNE 29, 2023

This integration aims to deliver an enhanced customer experience for mortgage borrowers while streamlining the closing process. ” The integration combines comprehensive eClosing technology with data-driven origination workflow automation. . Finastra is a global provider of financial software applications and marketplaces.

Lending 342

Lending Tools Retail Clients 342

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

Lending 440

Lending Mortgage Sellers Development 440

Housing Wire

FEBRUARY 11, 2021

Online retail lender loanDepot raised just $54 million by offering 3.9 The downsized offering follows a theme that’s afflicted almost all of the nonbank mortgage originators that have gone public in the last year. LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5

Retail 409

Retail Real Estate Agent Finance Mortgage 409

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 Mat Ishbia, President and CEO.

Tools 306

Tools Training Technology Clients 306

Housing Wire

OCTOBER 5, 2020

Rich Weidel, the CEO of family-owned and operated lender Princeton Mortgage , was scared. He wondered how a smaller retail-and-wholesale shop could possibly compete with the likes of Rocket Companies , with massive budgets for technology and an ability to scale and expand margins. He saw the big competitors only getting bigger.

Technology 313

Technology Retail Mortgage Development 313

Housing Wire

AUGUST 14, 2020

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Stephanie Gibbons has been promoted from AVP and underwriting manager of distributed retail to VP, national underwriting manager, distributed retail.

Lending 286

Lending Retail Development Realty 286

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said.

Realtors 367

Realtors Technology Insurance Mortgage 367

Housing Wire

MARCH 1, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted another record for production in 2021, but lower margins and declines in fair value of mortgage servicing rights impacted its earnings. billion registered in the previous year, which was the best in the history of the mortgage industry. from the $3.38

Retail 397

Retail Mortgage Loan Officers Development 397

Housing Wire

FEBRUARY 26, 2021

Patterson will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Fred Bolstad , executive vice president of retail lending at U.S. Bank Home Mortgage. Patterson has led Homepoint’s third-party originations business since 2015.

Design 220

Design Retail Technology Lending 220

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

APRIL 19, 2021

KWx also announced Travis Peace as its first head of business development and partnerships. Similarly, Shirley has years of financial leadership experience, including at retailers Tuesday Morning and Neiman Marcus , but does not possess a real estate background.

Human Resources 368

Human Resources Real Estate Real Estate Agent Insurance 368