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Staircase debuts tool to automate non-delegated mortgage insurance underwriting

Housing Wire

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. Which mortgage tech advancements are making the biggest impact? Presented by: Stavvy.

Insurance 370
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Better.com to go public via SPAC at $7.7B valuation

Housing Wire

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 in mortgage originations in 2020. billion in mortgage originations in 2020. billion in title insurance and $1.4

Valuation 393
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Blend breaks into title insurance with latest acquisition

Housing Wire

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. How hybrid title and valuations help increase lending efficiency. Cooper’s original name prior to rebranding) in 2015. Presented by: Altisource.

Insurance 393
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Secondary mortgage market adjusts to higher-for-longer rates 

Housing Wire

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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The disruptive impact of big data on housing

Housing Wire

Consumers, real estate agents, investors, mortgage lenders, insurance companies and other financial institutions need accurate valuations to inform their immediate decisions about investing in real estate and underwriting property. Todd Teta – guest columnist March HW Magazine.

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StoicLane has plans to create an appraisal giant

Housing Wire

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). ” How do remote valuation solutions benefit appraisers? The AMC sector is not without controversy.

Appraisal 370
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Blend is now worth $4.6B. Now what?

Housing Wire

Shares closed trading at $20.90, giving Blend a valuation of around $4.6 The independent public offering comes following a banner year for the mortgage industry , in which Blend still lost $75 million on revenue of $96 million. Company executives and their investors seem unconcerned about Blend’s lack of profitability.

Insurance 382