Housing Wire

JANUARY 10, 2024

In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. Pennymac invested more than $1.5 Pennymac invested more than $1.5

Investing 414

Investing Development Tenants Loan Officers 414

Housing Wire

FEBRUARY 15, 2024

We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. More recently, we’ve been hiring loan officers, processors and underwriters as the company has been starting to grow,” Garg said.

Loan Officers 409

Loan Officers Finance Mortgage Lending 409

Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. We continue investing in tech while it’s not that crazy busy. Zap Mortgage (no.294) 678), InstaLend (no.769)

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. Build the right team Given the new technologies and expert outsourcing options available to lenders today, staffing up to handle new business doesn’t make as much sense as it did in the past.

Mortgage 466

Mortgage Technology Tools Business 466

Housing Wire

JUNE 30, 2023

“The increased investment in technology and additional resources GRI brings will enhance and strengthen an already established foundation.” ” Premia ‘s production represents a small share of G-Rate’s origination volume, which reached $7 billion in the first three months of 2023.

Mortgage 370

Mortgage Loan Officers Technology Buyers 370

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

Loan Officers 441

Loan Officers Retail Business Mortgage 441

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. 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.

Mortgage 402

Mortgage Investors Investing Technology 402

Housing Wire

JUNE 28, 2022

The two companies have been working toward the merger since LLR Partners ’ made an investment in each in January. Richard Harris, former chief executive officer at email sending and delivering platform Spark Post , will take the helm as CEO. In 2016, LLR Partners led a $26.5

Mortgage 397

Mortgage Loan Officers Investing Lending 397

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

MARCH 30, 2021

CreditXpert, a software solutions company, provides loan officers with the tools needed to help their clients reach their dream of homeownership. This allows the loan officer to focus on sales activities and provide their leads with better service. Technology can enable lenders to educate borrowers.

Loan Officers 441

Loan Officers Clients Tools Technology 441

Housing Wire

MARCH 8, 2021

HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to. HousingWire: Why do you feel it is important to continually develop and use new technologies? First, mortgage lending is highly volatile.

Technology 418

Technology Lending Loan Officers Development 418

Housing Wire

MAY 23, 2022

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. The company announced it was investing $3.9

Loan Officers 397

Loan Officers Human Resources Mortgage Business 397

Housing Wire

SEPTEMBER 8, 2022

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. Mike is an experienced mortgage loan officer.

Business 432

Business Marketing Technology Tools 432

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Mortgage 432

Mortgage Project Management Insurance Loan Officers 432

Housing Wire

FEBRUARY 16, 2024

We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better. RA: We joke that we’re kind of control freaks and feel we have invested in the right things. SW: How does this acquisition fit in with New American Funding’s overall strategy?

Loan Officers 421

Loan Officers Retail Clients Real Estate Agent 421

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. Its parent Rocket Companies rode the wave to a stunning $9.4 billion in profit in 2020 and $6.1 billion in 2021.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

JANUARY 31, 2022

California-based PennyMac Financial Services will invest $3.9 The nonbank mortgage lender is expanding its consumer direct lending business while some competitors are laying off employees with the expectation that the channel cools down with higher mortgage rates. PennyMac is growing fast with its consumer direct lending business.

Business 369

Business Lending Loan Officers Mortgage 369

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Approximately 200 employees will be laid off, the majority of which are based in Academy’s home office in Draper, Utah, Schmidt said. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Retail 421

Retail Mortgage Loan Officers Construction 421

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Presented by: Acra Lending.

Human Resources 384

Human Resources Loan Officers Retail Training 384

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. This vision is a big part of why we wanted to put gas on the fire with this investment.”

Investors 381

Investors Mortgage Investing Loan Officers 381

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 421

Housing Market Marketing Contracts Finance 421

Housing Wire

FEBRUARY 16, 2021

As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. With smarter and faster data, a personalized service experience is key for the future of lending. #2 5 Technology becomes fintech. 1 Personalization.

Mortgage 533

Mortgage Technology Loan Officers Business 533

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. “We’ve got a great capital base, so we have the opportunity to invest. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors.

Mortgage 421

Mortgage Retail Lending Sellers 421

Housing Wire

JANUARY 5, 2021

The platform allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS. billion.

Architecture 397

Architecture Real Estate Agent Loan Officers Real Estate 397

Housing Wire

JUNE 30, 2021

By writing and maintaining all of the code along with investing heavily in putting together a world class modern IT infrastructure that efficiently leverages a mix of modern technologies like the public cloud and API based software architectures, UWM has been able to turn on a dime and stay well ahead of shifts in the market utilizing technology.

Tools 306

Tools Training Technology Clients 306

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. The closer, the better.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

APRIL 10, 2023

From our perspective, it’s time to get busy investing in relationships and playing the long game, while weathering the storm. HW: What types of technology can lenders use to improve the borrower experience? When we fund your loan, I’m going to give you a homeowner portal. This is where Milestones fits in.

Home Value 421

Home Value Technology Clients Advertising 421

Housing Wire

FEBRUARY 9, 2021

HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021. We saw and endured COVID force a pause on the business and had to quickly respond and adapt to continue to lend. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards.

Lending 420

Lending Loan Officers Business Investors 420

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.

Mortgage 370

Mortgage Real Estate Investing Technology 370

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

MAY 3, 2022

Surging house prices have made home equity products an obvious choice for lenders to invest in, given the value of homes used as collateral for such loans are rising. ” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however.

Renovations 397

Renovations Loan Officers Technology Mortgage 397

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.” It has offices in seven U.S. billion from $8.47

Real Estate 74

Real Estate Lending Human Resources Insurance 74

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. In 2016 LLR led a $26.5 In 2016 LLR led a $26.5

Real Estate 384

Real Estate Brokerage Real Estate Agent Technology 384

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. Also, there’s no doubt that the economic situation around the COVID-19 pandemic has placed pressure on lenders to offer remote solutions while keeping up with record loan volumes.

Investing 496

Investing Loan Officers Technology Development 496

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. UWM also is pressuring competitors via prices.

Mortgage 370

Mortgage Real Estate Agent Real Estate Clients 370