Housing Wire

DECEMBER 16, 2020

After two weeks of decreases, the Mortgage Bankers Association reported that mortgage applications increased 1.1% during the week ending Dec. 11 amid mortgage rates that hit a new survey low. In its latest weekly survey the MBA said the 30-year fixed mortgage rate dropped five points to 2.85% – due, partly, to uncertainty over the prospects of additional pandemic-related government stimulus, as well as concerns about the continued rise in COVID-19 cases across the country, according to

Mortgage 479

Mortgage Contracts Government Buyers 479

National Association of Realtors

DECEMBER 16, 2020

Understand home value, learn details about the appraisal process, borrowers rights, and more. Use this resource to become an informed home buyer.

Appraisal Process 86

Appraisal Process Buyers Appraisal Home Value 86

Housing Wire

DECEMBER 16, 2020

The Federal Reserve left its overnight lending rate unchanged on Wednesday, and said it expects to keep interest rates low until labor market conditions and inflation hit the Federal Open Market Committee ‘s standards of maximum employment and inflation moderately exceeding 2% for some time. “Our guidance is outcome-based and is tied to progress toward reaching our employment and inflation goals.

Lending 475

Lending Mortgage Marketing Housing Market 475

Housing Wire

DECEMBER 16, 2020

United Wholesale Mortgage is facing a potentially ugly court battle from a few of its own constituents. Three mortgage brokers in California claim that UWM pulled the rug out from beneath them in March when it changed the commission structure on mortgages that were quickly paid off by borrowers. The lawsuit is seeking class-action status. . On March 12, 2020, UWM executive Allen Beydoun appeared in a video sent to the roughly 100 mortgage brokers he claimed were responsible for higher-than-indus

Mortgage 417

Mortgage Investors Clients Contracts 417

Housing Wire

DECEMBER 16, 2020

Keller Williams -owned Smarter Agent , a Philadelphia-based startup that allows agents to create their own branded apps, will be shutting down its dedicated app. Inman News first reported that Smarter Agent would be shutting down. Keller Williams declined to provide HousingWire a timeline for the closure or explain why Smarter Agent was shutting down.

Agents 406

Agents Brokerage Real Estate Clients 406

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Smart Mortgage , which operates in Illinois, Indiana, Colorado and Florida, filed suit against former senior loan processor Brian Noe and NEXA Mortgage earlier this month in federal court in Illinois.

Mortgage 395

Mortgage Loan Officers Brokerage Clients 395

Housing Wire

DECEMBER 16, 2020

Path. Path® is the industry’s intuitive cloud-based LOS engineered for mid-tier to large, enterprise-level financial institutions or mortgage bankers. Path is designed to simplify the loan process while still providing the controls and flexibility you need to run your business your way. Product Fast Facts: #1. Path has a 99.95% system uptime guarantee which means no more interrupted system access or response times. #2.

Mortgage 381

Mortgage Design Business 381

Housing Wire

DECEMBER 16, 2020

Cloudvirga TPO. Cloudvirga TPO automates a lender’s wholesale origination workflow and provides private-label point of sale solutions to the lender’s brokers. Using the new platform, brokers can compare products and pricing, upload loan files, run dual AUS, prepare disclosures, order products and submit underwriter-ready loan packages—all in less than 10 minutes.

Mortgage 369

Mortgage Technology 369

Housing Wire

DECEMBER 16, 2020

FileInvite. Manage more loan applications, and close them faster with automated document collection. Customer facing teams spend extensive time following up on missing or incorrect documentation. FileInvite helps borrowers provide brokers and banks with all the information they need to close loans faster. Our intuitive system lets teams and leadership gain visibility over their document pipeline and ensures a seamless client experience.

Mortgage 346

Mortgage Finance Clients 346

Housing Wire

DECEMBER 16, 2020

Insellerate Customer Experience Platform. Manage more loan applications, and close them faster with automated document collection. Insellerate helps lenders close more loans through better borrower engagement. The mortgage industry’s most innovative Customer Experience platform. We deliver dynamic technology, strategy, and content for every channel of your business to ensure engagement throughout the borrower’s journey.

Mortgage 274

Mortgage Technology Business 274

Housing Wire

DECEMBER 16, 2020

Social media & website compliance for the financial industry. Social media compliance made easy for the financial industry. Our cloud-based solution for mortgage lenders, banks, and credit unions helps you engage with social media safely and meet your compliance and archival requirements. Easily find and monitor loan officer social media from one unified platform.

Loan Officers 299

Loan Officers Mortgage 299

Housing Wire

DECEMBER 16, 2020

Adwerx Enterprise Platform. The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loan officers. Reach home buyers before real estate agents with individualized, compliant ads for loan officers, built automatically. Increase productivity and brand awareness while boosting recruiting and retention efforts for your brokerage.

Loan Officers 290

Loan Officers Mortgage Advertising Real Estate Agent 290

Housing Wire

DECEMBER 16, 2020

Bullseye Metrics. Bullseye is an enterprise-class data visualization software, designed to assist organizations effectively make real-time, data driven decisions that produce results and increase company profitability. Bullseye also provides a full-featured mobile app and two-way SMS notification, along with a suite of pre-built dashboards. Integration is available for most platforms.

Technology 279

Technology Mortgage Design 279

Housing Wire

DECEMBER 16, 2020

Trapeze for Mortgage Automation. Built specifically for the mortgage industry, Trapeze for Mortgage Automation transforms documents into structured, actionable data. Regardless of where your firm operates within the mortgage lifecycle, Trapeze will help lower your costs and drive higher efficiencies utilizing the most accurate data possible. Product Fast Facts: #1.

Mortgage 284

Mortgage Training 284

Housing Wire

DECEMBER 16, 2020

Title Leader. Title Leader is designed specifically for default services law firms, whether you have a captive title company or not. We’re a workflow automation platform AND a national title search vendor. Industry-first automation of the 11, mandatory steps of the title-search handling process… AND you gain access to our search-fulfillment partner, which serves all national title insurance underwriters.

Mortgage 172

Mortgage Training Law Design 172

Housing Wire

DECEMBER 16, 2020

After three successive months of record highs, the National Association of Home Builders and Wells Fargo Housing Market Index measuring builder confidence fell four points to 86 in December. Though the index fell from it’s 35-year series high, it is still the fourth month in its history the score broke 80. In December, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, also fell four points from their previous highest recorded reading

Construction 395

Construction Housing Market Buyers Inventory 395

Housing Wire

DECEMBER 16, 2020

Uday Devalla CTO at Sagent Lending. The 2020 economy is full of curious contrasts. Millions of Americans sought COVID mortgage relief like forbearances while millions more capitalized on refis and flocked to suburbs to buy new or bigger homes at record low rates. And COVID lockdowns led to the worst Q2 and best Q3 GDP quarters in U.S. history. This is also why housing policies were extremely accommodating in Q2 but relatively quiet in Q3.

Lending 395

Lending Mortgage Technology 395

Housing Wire

DECEMBER 16, 2020

The Federal Housing Finance Agency (FHFA) announced on Wednesday that its single-family and multifamily affordable housing goals for Fannie Mae and Freddie Mac will remain unchanged from those set in 2018-2020. However, unlike previous goals set for a three-year period, the FHFA announced the benchmarks for 2021 only, citing economic uncertainty from the COVID-19 pandemic.

Finance 453

Finance Lending Mortgage Marketing 453