Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

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Housing Wire

AUGUST 17, 2021

But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues. All about the rates.

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Mortgage Inventory Real Estate Technology 506

Housing Wire

NOVEMBER 6, 2023

Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology ’s November Mortgage Monitor report. However, the lack of housing inventory is also another driver of the high home prices. It now takes 40.6% mortgage holders are sitting on some $16.4

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Mortgage Inventory Technology Lending 364

Housing Wire

MARCH 26, 2024

In addition, any reprieve in the housing inventory shortage created by more multifamily units hitting the market is expected to be short-lived. And even though we expect to see a large delivery of multifamily units over the next few years, this will not resolve the broader lack of inventory that we see across the country.”

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Investors Marketing Inventory Real Estate 422

Housing Wire

FEBRUARY 12, 2024

Mortgage applications hit their lowest level since 1996, and lenders were faced with the compounding challenges of dwindling origination volume, soaring home prices, rising interest rates and inadequate housing inventory. While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier.

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Mortgage Technology Inventory Lending 342

Housing Wire

AUGUST 30, 2022

With the recent downturn in volume of new originations, many lenders are using this time to take inventory of the available tools geared toward risk mitigation and workflow optimization. This has led many lenders to feel overwhelmed by options and lack understanding of how, when and where to best implement new technology.

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Tools Lending Technology Valuation 380

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology.

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Mortgage Lending Brokerage Agents 374

Housing Wire

NOVEMBER 9, 2020

Borrowers want consistency through the lending process – Here’s how to give them that. Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. Jonathan Miller, real estate appraiser and consultant with Miller Samuel Inc.,

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Lending Real Estate Housing Market Mortgage 527

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. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

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Mortgage Retail Technology Lending 291

Housing Wire

FEBRUARY 9, 2021

A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. What happens when borrowers have more control of the lending process? FormFree is launching a blockchain-based exchange for consumers to take control of the mortgage lending process.

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Mortgage Lending Government Contracts 541

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Housing Wire

AUGUST 1, 2022

June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housing market. Staying nimble in a fast-paced market with the right mortgage technology. The annual home price growth fell by nearly two percentage points to 17.3%

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Housing Market Marketing Inventory Technology 357

Housing Wire

JUNE 17, 2022

It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. Amanda Hill: My first job for a small but innovative bank when I was still in college…I started as a teller, but when I was bored, they taught me to assist in other areas and lending captured my interest!

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Modernization Inventory Tools Lending 288

Housing Wire

MARCH 25, 2022

Arjun Dhingra: Technology is not replacing us in the mortgage industry, it is enhancing and empowering us. Those that leverage technology to reach more, do more and provide more value will ultimately outlast the competition. Those that don’t evolve and adapt, will be pushed out because of technology.

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Inventory Technology Real Estate Agent Tools 322

Housing Wire

SEPTEMBER 11, 2023

Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers. Capturing leads with tech Another priority for the lender is procuring leads through its proprietary technology. The more we can lean on technology, the cost per file becomes that much lower.

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Loan Officers Agents Retail Technology 359

Housing Wire

FEBRUARY 21, 2024

As interest rates ease and housing inventory stabilizes, mortgage companies are likely to start ramping up their recruiting strategies. Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts.

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Housing Market Mortgage Marketing Real Estate 307

Housing Wire

JULY 26, 2021

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Justice Department charges of fair-lending violations. As with many industries, the mortgage-lending market has increasingly moved online. The housing market is red hot.

Mortgage 498

Mortgage Lending Real Estate Agent Government 498

Housing Wire

OCTOBER 28, 2021

While the mortgage lending industry of the 1980s does not bear a lot of semblance to our experiences today, one thing everyone can agree on is that there is a great deal of pressure and heat on our streets. Ensuring the safety and soundness of residential mortgage originations is a pillar of lending today. The heat is definitely on. .

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Lending Inventory Investors Mortgage 307

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. Jim Riccitelli, CEO of Unlock Technologies, said there is about $1.5

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Housing Market Marketing Contracts Finance 369

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

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Mortgage Loan Officers Inventory Business 437

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. So fix-and-flip lending is directly helping that supply and demand issue in terms of creating new housing stock or upgrading what would otherwise be dilapidated housing stock,” Faes said.

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Finance Marketing Lending Inventory 316

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “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 519

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Read on for Kirby’s take on opportunities in wholesale lending, the challenges he faces with starting a new mortgage brokerage shop and how he plans to scale his business.

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Mortgage Retail Loan Officers Brokerage 338

Housing Wire

OCTOBER 6, 2021

Well, after 5 years with that team as the Director of Operations I thought I had dealt with every situation ranging from appraisal disputes, title insurance questions, and most recently a market with incredibly low inventory and more buyers than we could handle due to the record low interest rates.

Real Estate 256

Real Estate Technology Lending Valuation 256

Housing Wire

MAY 5, 2022

Now, these younger buyers are driving financial institutions to adapt to their expectations for more streamlined user experiences , accelerating digital transformations with new technology that will move the mortgage industry into a truly digital age. . On-demand expectations. A look forward. Condo markets and new construction will swell.

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Mortgage Buyers Technology Lending 344

Housing Wire

DECEMBER 11, 2023

A top-tier borrower with a 780 FICO score and a 25-30% down payment for a single-family vanilla 30-year fixed-rate mortgage was quoted 6.875% on Thursday, said Larry Steinway, senior vice president of mortgage lending and branch manager of Revolution Mortgage. “We We are definitely seeing an uptick in demand. in 2024 before declining to 6.9%

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Mortgage Buyers Inventory Technology 449

Housing Wire

AUGUST 15, 2023

Non-QM lender Acra Lending is projecting mortgage originations will increase in 2023 to about $2.6 The consolidation in the non-QM lending space, which has allowed Acra to expand its market share. “So, They’re not doing the lending that they were, and I think that is a tailwind for us. billion, up from $2.1

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Business Lending Investors Finance 308

Housing Wire

JUNE 19, 2023

According to the latest data from Altos Research , the real estate market is experiencing unusual patterns in pricing, inventory and demand. The data shows that home prices have held steady even in an environment with higher mortgage rates , in large part because inventory continues to be at near record low levels.

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Real Estate Business Clients Client Relationships 266

Housing Wire

JUNE 21, 2021

“Though interest rate offerings trended downward across all mortgage products in May, overall rate locks were still down across the board,” said Black Knight secondary marketing technologies President Scott Happ. The severity of shortages in for-sale inventory seems to be a key driver behind the 3.4%

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Lending Sellers Housing Market Buyers 432

Housing Wire

NOVEMBER 2, 2023

This was the first earnings delivered by Rocket’s new CEO, Varun Krishna , who focused his conversation with analysts on the potential of artificial intelligence (AI) and other technologies to transform the business. His speech is aligned with the company’s strategy to become a fintech.

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Technology Tools Business Mortgage 395

Housing Wire

APRIL 8, 2022

Eric Lapin : I’ve been enjoying the HW+ team’s coverage of Figure Technologies (including this recent piece from Flávia Furlan Nunes ). As my role with the bank grew, I was fortunate to have the opportunity to learn various areas of the lending business, including wholesale, correspondent and warehouse lending. Blockchain.

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Technology Lending Development Business 309

Housing Wire

FEBRUARY 27, 2023

Insellerate said it created the solution to drive origination volumes in the face of a “constantly changing mortgage market” that is riddled with rising interest rates and low inventory. The new product is fully integrated into loan origination systems, like ICE Technology’s Encompass and MeridianLink.

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Loan Officers Retail Inventory Lending 335

Housing Wire

AUGUST 25, 2022

Female leaders like Percy’s Sarah Crossley, ServiceLink’s Caitlin Green and AVE Lending ‘s Annmarie Edwards will lead this workshop so attendees can get hands-on, practical experience in making a seat at the table for themselves and their fellow women working in the housing industry. . New LOs can’t miss this chance!

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Loan Officers Mortgage Housing Market Real Estate 371

Housing Wire

OCTOBER 21, 2022

Phoenix has arguably been one of the hottest housing markets in the country over the past two years, but as mortgage rates have climbed, demand has cooled and inventory has risen dramatically. However, it wasn’t always a bustling metropolis for the military technologies and aerospace industries.

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Housing Wire

MAY 10, 2021

The severe lack of inventory in today’s housing market has been a source of stress for home buyers and real estate agents alike. For buyers in today’s market, the severe lack of inventory adds another layer of frustration, FOMO (fear of missing out) and a sense of urgency. Why or why not?

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Real Estate Agent Real Estate Agents Marketing 390

Housing Wire

DECEMBER 7, 2023

Thomas Cronkright : Fraud continues to be one of the biggest challenge in real estate, along with the macroeconomic challenges — interest rates and low inventory — and the current litigation around commissions. And that’s all publicly available technology now. And the seller net proceeds continue to be a target.

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Real Estate Sellers Technology Real Estate Agent 408

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Layoffs at mortgage tech companies appear inevitable, along with other cost-saving measures, including diminished investments in technology. Of the $387.2 Halbrook said.

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Mortgage Technology Loan Officers Investing 325