Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. Fulton is purchasing $6 billion in assets from Republic, including its $2 billion investment portfolio and $2.9 billion in loans. FDIC), the appointed receiver, explained in a statement.

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Loan Officers Insurance Mortgage Lending 321

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. Consumers who are introduced to the HECM for Purchase loan option are often skeptical at best, with many thinking it’s too good to be true.

Finance 430

Finance Real Estate Agent Real Estate Insurance 430

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

Mortgage 334

Mortgage Loan Officers Insurance Business 334

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. Matt Ehrlichman, founder and CEO of Porch, remarked that the proptech will be “investing to further help Floify customers stand apart by making the home purchasing and moving process easier for homebuyers.”.

Mortgage 377

Mortgage Logistics Insurance Real Estate Agent 377

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. billion in loan volume between June 2020 and June 2021. .

Mortgage 292

Mortgage Investors Investing Technology 292

Housing Wire

SEPTEMBER 5, 2023

Intercontinental Exchange (ICE) completed its acquisition of Black Knight Tuesday, making the combined company the biggest player in the mortgage tech space. I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night.

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Technology Mortgage Tools Insurance 344

Housing Wire

JANUARY 19, 2023

When industry veteran Michael Strauss abruptly shut down Long Island-based Sprout Mortgage in early July, there was uproar. There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. Shocked employees didn’t receive their last paychecks.

Mortgage 395

Mortgage Investors Legal Loan Officers 395

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. In 2023, he closed $925 million in loan origination volume, with 1,617 loans, which put him as the top originator on Scotsman Guide ’s top originators list. “We

Realty 332

Realty Loan Officers Retail Real Estate 332

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 414

Mortgage Loan Officers Lending Human Resources 414

Housing Wire

JUNE 1, 2023

The FHFA also argues that the targeted fee eliminations based on income, not credit score, are primarily supported by higher fees on loans for second homes, investment properties and cash-out refinancings. Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all?

Loan Officers 339

Loan Officers Insurance Mortgage Real Estate Agent 339

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 390

Mortgage Loan Officers Finance Investors 390

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. But for First American, its shrewd investments in rising proptech companies are a core business strategy. In addition, He will continue to serve as the managing director of the company’s venture investing arm. As of Sept. As of Sept.

Mortgage 337

Mortgage Real Estate Investing Technology 337

Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion investment into the combined company. Novator would also invest $200 million into the merged company. billion in title insurance and $1.4

Valuation 358

Valuation Insurance Investors Loan Officers 358

Housing Wire

OCTOBER 6, 2021

with the Securities and Exchange Commission last week gave the mortgage industry a glimpse into how its partner Better.com fared in the second quarter. The digital mortgage lender, which plans to go public via a special purpose acquisition company (SPAC), reported a net loss of $86 million in the second quarter. And it wasn’t great.

Insurance 404

Insurance Investors Real Estate Loan Officers 404

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 381

Mortgage Investors Clients Marketing 381

Housing Wire

DECEMBER 18, 2020

Considering the median mortgage payment sits around $1,100, that’s a pretty big chunk of change to be bringing in. A conventional loan is a smart way to finance an income-earning property. These can be used on primary residences, second homes and investment properties, and they require down payments as low as 3%.

HOA 462

HOA Finance Investing Loan Officers 462

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? Finance data.

Mortgage 368

Mortgage Retail Finance Investors 368

Housing Wire

FEBRUARY 27, 2023

Any mortgage lender will tell you that clear and rapid borrower communication is critical to effective customer care. Homebuyers have seemingly countless tasks and responsibilities in the process of purchasing a home and obtaining a mortgage. They simply do not know how to navigate the mortgage terrain without clear guidance.

Insurance 339

Insurance Contracts Buyers Mortgage 339

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. trillion U.S.

Investing 491

Investing Loan Officers Technology Development 491

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 386

Housing Market Marketing Contracts Finance 386

Housing Wire

APRIL 6, 2023

Mortgage executive Michael Strauss and his company, Smart Rate Mortgage , have appealed a decision from an Illinois regulator to suspend their licenses to operate in the state. HousingWire reported in January that Strauss was ready to start a new mortgage company after he registered Smart Rate in Florida.

Investors 281

Investors Mortgage Insurance Real Estate 281

Housing Wire

OCTOBER 12, 2021

Purchasing a home is one of the biggest investments most people will make in their entire lives, but the complexity of securing a mortgage can be a grueling and fractured process for first-time homeowners. Digital transformation has taken every other industry by storm, and it’s time for the mortgage industry to catch up.

Lending 314

Lending Technology Investing Loan Officers 314

Assurance Financial

NOVEMBER 28, 2023

Taking out your first mortgage is a huge life step. A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. About 96% of first-time homebuyers finance the purchase with a mortgage.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

Housing Market 369

Housing Market Marketing Mortgage Buyers 369

PennyMac

MARCH 4, 2024

If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Mortgage brokers. Direct lenders.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

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. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Valuation 292

Valuation Real Estate Agent Real Estate Clients 292

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. Sometimes that means investing more heavily in growth areas and scaling back or stopping work in others.” in 2021, mortgage data platform Modex showed.

Real Estate 68

Real Estate Lending Human Resources Insurance 68

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

Business 459

Business Law Real Estate Investors 459

Housing Wire

OCTOBER 27, 2020

For many years, we’ve been developing and investing in technology to deliver an end-to-end digital mortgage experience. We’re the largest centralized mortgage transactional services provider in the country, backed by the country’s largest provider of title insurance services.

Clients 337

Clients Technology Insurance Loan Officers 337

Clear Capital

JULY 13, 2023

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. To learn more about Encompass, visit [link].

Modernization 67

Modernization Technology Appraisal Mortgage 67

Eppraisal

DECEMBER 28, 2021

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. But for most homeowners, PMI mainly represents an extra fee on their monthly mortgage statement.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

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%. according to the company.

Real Estate Agent 416

Real Estate Agent Loan Officers Real Estate Agents 416

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). There’s just a lot more to a purchase mortgage. More emotion.

Marketing 236

Marketing Realtors HOA Technology 236

PennyMac

JULY 25, 2022

Today, we want to take a closer look at two of the most commonly purchased mortgage types: conventional loans and FHA loans. What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity.

Insurance 36

Insurance Government Investing Mortgage 36

Raleigh Realty

APRIL 24, 2022

During this budgeting period, you should determine: Approximate closing costs; Credit score; Current savings; Estimated mortgage payment; Projected income. Looking Into Financial Options for Veterans Your informed team will also include loan officers. For example, the U.S.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Government 78