Housing Wire

MARCH 4, 2022

California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. The technology is available only for full-doc government and non-QM loans.

Technology 351

Technology Logistics Government Retail 351

Housing Wire

SEPTEMBER 11, 2023

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. The lender has about 80 loan officers and aims to hire up to 100 in states. But the client gets to benefit from that.”

Loan Officers 388

Loan Officers Agents Retail Technology 388

Housing Wire

OCTOBER 9, 2023

More than a mortgage app Developed by the company’s in-house technology team, the Rate App took two-and-a-half years to bring to market and an investment of “millions of dollars,” Ciardelli said, though he declined to provide a specific figure. Users are “cookied” to the loan officer who shares the app with them, Ciardelli explained.

Loan Officers 421

Loan Officers Mortgage Technology Realtors 421

Housing Wire

FEBRUARY 1, 2024

The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders. ” Employees on Thursday told HousingWire that significant changes were made to loan officer compensation agreements and they expected many LOs to depart for other lenders.

Retail 409

Retail Loan Officers Business Real Estate 409

Housing Wire

FEBRUARY 28, 2024

Newrez loan officers, in return, will benefit from predictive analytics that allow them to better manage customers along their home purchase journey, the lender said. Sellers can receive a 1% real estate agent commission reduction when selling with a Newzip-affiliated agent.

Real Estate Agent 405

Real Estate Agent Real Estate Agents Loan Officers 405

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

Loan Officers 346

Loan Officers Real Estate Agent Technology Real Estate 346

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. Founded in 1996, Pennsylvania-based Spring EQ offers home equity, HELOCs, refis and purchase loans. The terms of the deal were not disclosed. accelerates.

Loan Officers 378

Loan Officers Investing Technology Mortgage 378

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 341

Mortgage Loan Officers Technology Buyers 341

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 438

Mortgage Technology Tools Business 438

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 363

Loan Officers Finance Mortgage Lending 363

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 325

Investing Development Tenants Loan Officers 325

Housing Wire

JUNE 28, 2023

One consequence of mortgage lenders – and LOs, for that matter – being on the ropes is the lack of investment back into their business. Interestingly, 57% of the 166 respondents said they do not plan to invest in tech, services or solutions in the third quarter. Mortgage is famously an unforgiving, low-margin business.

Mortgage 357

Mortgage Retail Investing Open Houses 357

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

AUGUST 17, 2023

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. 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans.

Loan Officers 368

Loan Officers Mortgage Development Lending 368

Housing Wire

OCTOBER 12, 2023

Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything.

Mortgage 416

Mortgage Technology Contracts Realtors 416

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 423

Business Marketing Technology Tools 423

Housing Wire

JANUARY 27, 2022

San Francisco-based startup Vesta, which provides a software-as-a-service platform for mortgage loan originators, announced on Thursday that it raised $30 million through a Series A funding round. The new capital will be invested in an “aggressive” hiring plan and technology expansion.

Mortgage 368

Mortgage Investors Loan Officers Technology 368

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

FEBRUARY 15, 2023

TrustEngine, led by CEO Rich Harris, said borrower intelligence platforms are rapidly gaining traction as mandatory technology for modern mortgage lenders. In January 2022, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment.

Mortgage 342

Mortgage Loan Officers Modernization Investing 342

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 415

Retail Mortgage Loan Officers Construction 415

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 364

Loan Officers Retail Real Estate Agent Real Estate 364

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

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 312

Mortgage Investors Investing Technology 312

Housing Wire

MARCH 7, 2024

Given enough capital, you can build a lot of technology. We’ve been investing heavily in AI for years — we have more than 10 patents on data extraction from public record data. I spent 15 years at the intersection of some large company technology organizations. The second is prioritization of investment and resources.

Real Estate 384

Real Estate Investing Human Resources Technology 384

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 402

Loan Officers Retail Clients Real Estate Agent 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 391

Mortgage Loan Officers Investing Lending 391

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. It’s an investment down the road,” the executive added. “We The company’s assets will add to Planet’s 30 branches and 128 active LOs. “I

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

OCTOBER 10, 2022

Amid the landscape, Lower, according to LeBerth, “continues to invest in technology to build the most modern home finance solution for our channels, and despite the headwinds, we’ve increased market share 25% year-over-year.”. In August, Lower announced that Honor Home Loans , founded by U.S.

Retail 386

Retail Loan Officers Modernization Training 386

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 404

Mortgage Project Management Insurance Loan Officers 404

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As Your technology has to be fantastic every day. They have options.

Loan Officers 458

Loan Officers Mortgage Business Retail 458

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.

Human Resources 371

Human Resources Loan Officers Retail Training 371

Housing Wire

JULY 20, 2021

That revenue is fuel to invest in and grow businesses. Increasing quality means less time wasted on leads that aren’t going to convert, allowing lenders and loan officers to spend their very limited and highly valuable time on business that will close and drive revenue. Investing today means winning in the future.

Loan Officers 313

Loan Officers Business Technology Marketing 313

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 352

Mortgage Real Estate Investing Technology 352

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. Good technology should be the language loan officers use to communicate with their customers, not their replacement. #4 5 Technology becomes fintech.

Mortgage 533

Mortgage Technology Loan Officers Business 533

Housing Wire

AUGUST 31, 2022

With the help of the company’s innovative appraisal platform, lenders can reduce costs per loan by up to $258 per file by addressing multiple pain points within a lender’s appraisal operation: Lengthy cycle times Operational efficiency Revenue leakage Lack of visibility for loan officers and borrowers.

Appraisal 329

Appraisal Loan Officers Modernization Appraisal Process 329

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 303

Investors Mortgage Investing Loan Officers 303

Housing Wire

FEBRUARY 9, 2023

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.” The company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans.

Mortgage 356

Mortgage Retail Loan Officers Lending 356