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 359

Housing Wire

MARCH 17, 2022

As the Federal Reserve raised short-term rates for the first time in years, mortgage rates climbed 31 basis points to 4.16%, according to data from Freddie Mac ‘s PMMS survey. The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019,” said Sam Khater, Freddie Mac’s chief economist.

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Mortgage Inventory Technology Tools 421

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. ” With the partnership, NAMB members will receive a 20% discount on Roomvu services.

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Marketing Real Estate Agent Tools Realtors 333

Housing Wire

JANUARY 29, 2024

Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. mortgage rate, the prospective buyer with a $3,000 budget can afford a $453,000 home. mortgage rate could have afforded a $416,000 home. Mortgage rates stabilized last week, averaging 6.69% as of Jan.

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Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Inventory issues. Emerging out of the pandemic, the first half of 2021 showed that there is a historically low housing inventory across multiple markets in the U.S. All about the rates. Push for tech.

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Mortgage Inventory Real Estate Technology 509

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. VA mortgage loans generally provide veterans and active-duty service members with more favorable terms than other loans on the market.

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Mortgage Renovations Appraisal Process Finance 435

Housing Wire

JANUARY 11, 2024

Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions. The platform also offers mortgage and financial education, credit score monitoring, credit report access, and tools to improve credit, pay down debt, save for a down payment and track progress toward mortgage eligibility.

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Investing Loan Officers Technology Inventory 420

Appraisal Today

MAY 17, 2024

What Tools Do You Use to Support Your Appraisal Adjustments? By McKissock As part of our monthly survey series, we asked our community of real estate appraisers, “What tool(s) do you use to support your appraisal adjustments?” Popular tools include Synapse by Spark, Solomon Adjustment Calculator, and Redstone by Bradford Technologies.

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Tools Appraisal Renovations Design 64

Housing Wire

DECEMBER 16, 2021

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. Public health officials note that we have many more tools to address this latest — and likely not the last — challenge.

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Marketing Mortgage Supply Chain Inventory 454

Housing Wire

SEPTEMBER 11, 2023

While credit cards and auto loans aren’t directly related to mortgages , they comprise segments within the three main consumer debt categories. Conventional wisdom would dictate that the third category, mortgages, will follow if two of the three are negatively impacted. The inventory that does make it to REO remains in high demand.

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Inventory Technology Design Tools 391

Housing Wire

NOVEMBER 21, 2023

Perhaps the only predictable thing about the mortgage industry is its unpredictability. Rates have been high, inventory has been low and purchase applications have been down. The down cycle never lasts as long as it feels it will, and there are still opportunities to improve the home-buying and mortgage journey in the meantime.

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Design Tools Inventory Mortgage 328

Housing Wire

APRIL 20, 2021

In the past year, among the many challenges and difficulties brought on by the COVID-19 pandemic, the real estate and mortgage industries enjoyed a wave of success with low interest rates, refinance opportunities and etc. But if you’ve gotten this far I want to ask this question: how good is your real estate or mortgage CRM software?

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Real Estate Mortgage Loan Officers Advertising 407

Housing Wire

NOVEMBER 9, 2022

If you work in the mortgage industry, the challenges of the current housing market are likely top of mind. Amid rising interest rates and low housing inventory, the industry as a whole is wondering when the light at the end of the tunnel will finally shine through. Strategic mortgage tech investments. Partnering with Polly.

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Investing Mortgage Housing Market Business 366

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options.

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Lending Tools Inventory Renovations 387

Housing Wire

APRIL 15, 2024

The real estate professionals we serve count on us to provide holistic property data to power their tools, give them insights they can use to advise their clients, and help them do business. GM: We are all keenly aware of the data breaches that have impacted our industry, including the mortgage and title sides of the business.

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Real Estate Business Agents Tools 401

Housing Wire

JANUARY 12, 2023

Everyone in the mortgage and real estate industry is well aware of the shift in the market we experienced in 2022. In the first half, there was record low inventory and high buyer demand due to low interest rates. Both agree that the two biggest housing indicators going into 2023 are mortgage rates and housing inventory.

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Marketing Inventory Real Estate Clients 333

Housing Wire

JULY 26, 2023

For the housing market, that likely means a few more months with mortgage rates above 6%. The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. Unfortunately, the Fed does not have the right tools to tackle high housing costs in the U.S.,

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Investors Tools Mortgage Inventory 370

Housing Wire

SEPTEMBER 28, 2023

The allure of the name recognition of large national brands is causing many independent brokerages to affiliate as mortgage rates rise and housing inventory remains low. Ocala, Florida -based Foxfire Realty is the latest firm to join a national brand, announcing its move to RE/MAX on Wednesday.

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Brokerage Technology Agents Training 373

Housing Wire

JUNE 17, 2022

This week’s HW+ member spotlight features Amanda Hill, head of mortgage solutions at Reggora. It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. HousingWire: What is your most useful tech tool? Amanda Hill: My cell phone!

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Modernization Inventory Tools Lending 320

Housing Wire

NOVEMBER 19, 2020

Inventory across the Carolinas remains tight, making the markets we serve extremely competitive and creating multiple offer situations,” said Eb Moore, CEO of Wilkinson ERA Real Estate and ERA Live Moore. It’s an incredible tool, especially in today’s low inventory environment.”.

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Real Estate Tools Inventory Training 406

Housing Wire

AUGUST 31, 2023

During his tenure, Wiener first served as a product manager for agent tools. In a housing market with elevated mortgage rates and low inventory , Redfin’s second quarter revenue was $275.6 His last day at the company will be Friday, Sept. Finally, he was in charge of Redfin real estate services revenue.

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Real Estate Brokerage Insurance Tools 382

Housing Wire

MARCH 25, 2022

This week’s HW+ member spotlight features Arjun Dhingra, who serves as sales and business development at All Western Mortgage. Arjun Dhingra: Technology is not replacing us in the mortgage industry, it is enhancing and empowering us. Somehow ended up a mortgage banker! HousingWire: What is your most useful tech tool?

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Inventory Technology Real Estate Agent Tools 353

Housing Wire

NOVEMBER 2, 2023

Amid the most challenging mortgage market in decades, Rocket Companies , the parent of Rocket Mortgage , remained profitable in the third quarter of 2023, showing higher margins in the direct-to-consumer and wholesale channels. The company is integrating large language models to encompass over 3,300 new loan scenarios to the tool.

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Technology Tools Business Mortgage 413

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

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Inventory Loan Officers Clients Mortgage 383

Housing Wire

MARCH 19, 2021

A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. for much of the month of March, and reached a benchmark rate of 3.32% for the 30-year mortgage on Friday. Mortgage applications dropped 2.2% And the proof is in the refi pudding.

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Technology Mortgage Tools Inventory 543

Housing Wire

JUNE 19, 2023

It’s fair to say that almost everyone living in a home today worked with a real estate professional to purchase or mortgage their home. The newest prop tech applications to moat the client relationship are home management tools. mortgage, title, insurance, warranty) they are typically siloed and rely heavily on agents to promote them.

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Real Estate Business Clients Client Relationships 296

Housing Wire

JUNE 13, 2022

Now, with inventory levels at historic lows and median home prices at historic highs, the purchase climate has become a Thunderdome. Inventory constraints and rising prices are making it more difficult than ever for buyer’s agents to help homeshoppers move into homes they love. Buying a home is stressful in any market.

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Real Estate Finance Tools Inventory 359

Housing Wire

DECEMBER 3, 2020

The Knock Home Swap is a valuable tool that gives our agents a competitive edge in helping our customers buy and sell homes within their comfort zone quickly,” said Ben Schachter, broker-president and principal of The Signature Real Estate Companies.

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Marketing Real Estate Tools Training 391

Housing Wire

MAY 10, 2022

The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. By using real time inventory data, and stratifying by income, the report highlights that for a household who earns $75,000 to $100,000 they have 411,000 fewer homes available for sale compared to pre-pandemic.

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Housing Market Realtors Buyers Inventory 426

Eppraisal

AUGUST 25, 2023

However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. With high-interest rates, a good credit score can help you secure a more favorable mortgage rate, potentially saving you thousands of dollars over the life of the loan.

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Inventory Real Estate Buyers Renovations 69

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

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Loan Officers Agents Retail Technology 383

Housing Wire

AUGUST 16, 2022

These two sessions include expert panelists who will tap into the year’s of experience they have navigating shifting markets to present you with the tools and roadmap you need to move forward in 2022 and beyond. Hear from today’s top leaders and enjoy networking events with like-minded professionals.

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Real Estate Technology Housing Market Realty 352

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , hopes to woo brokers with a slew of product enhancements and services. In 2024, regardless of mortgage lenders’ volume, Fair Isaac Corp. MMI’s data covers information on mortgage transactions covering more than 95% of U.S.

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Loan Officers Real Estate Agent Tools Business 266

Housing Wire

AUGUST 4, 2023

Rates are high, housing inventory is down, and competition for new originations is fierce. Even if you have the right information and tools to engage customers and prospects, you likely can’t engage with all customers at all times, nor should you want to. Expand on what you know.

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Inventory Marketing Tools Development 329

Housing Wire

AUGUST 1, 2023

Finding a dream home for your buyers can be difficult in a market plagued by low inventory and high demand. So what do you do when your buyers include more than a couple looking for their starter home or a growing family looking to raise their children?

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Real Estate Agent Buyers Law Real Estate 296

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be. I’ll explain later.)

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Agents Buyers Sellers Inventory 400

Housing Wire

JULY 16, 2021

Canadian customers can now work directly with the OJO concierge team to connect with local agents and mortgage professionals from Royal Bank of Canada , said Natalka Falcomer, who was named president of OJO Home Canada. “This is crucial in Canada’s nuanced marketplace, which is moving at lightning speed.”

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Housing Market Marketing Real Estate Sellers 417