Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 441

Technology Development Real Estate Realty 441

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 million in revenue, according to a letter from Cagney to investors and partners in July.

Lending 354

Lending Valuation Business Technology 354

Housing Wire

AUGUST 10, 2021

Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. According to the Tuesday press release, Sagent will power Figure’s mortgage servicing to grow out its blockchain development. billion valuation. billion valuation. Not necessarily.

Mortgage 381

Mortgage Technology Investors Development 381

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

Mortgage 414

Mortgage Valuation Investors Housing Market 414

Housing Wire

OCTOBER 13, 2020

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020. The bank cited runoff from its mortgage portfolio – driven by a wave of refinancings – as a reason for reducing its reserves. . billion in revenue from its home lending division in the third quarter, according to the investor presentation.

Business 393

Business Mortgage Retail Investors 393

Housing Wire

JANUARY 22, 2021

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. In the third quarter, UWM originated $54 billion worth of mortgages. By 10:45 a.m.

Mortgage 516

Mortgage Technology Investors Business 516

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

Mortgage 523

Mortgage Valuation Housing Market Renovations 523

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Technology 457

Technology Landlords Valuation Lending 457

Housing Wire

OCTOBER 10, 2022

HousingWire recently spoke with Brian Adams, Division President of Due Diligence at Consolidated Analytics , about due diligence in the current mortgage market. Brian Adams: With the steep increase in mortgage rates, we have essentially seen a hard stop in refi activity. appeared first on HousingWire.

Mortgage 383

Mortgage Clients Training Valuation 383

Housing Wire

AUGUST 30, 2022

There is also a renewed interest in the future state of residential mortgage originations. While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. Looking Inward. per year.

Tools 403

Tools Lending Technology Valuation 403

Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. With that aggregation, Optimal Blue said lenders can more efficiently price and originate mortgage products that can be sold on the secondary market.

Mortgage 361

Mortgage Investors Technology Real Estate Agent 361

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Pennymac is the latest mortgage lender to freeze rates for borrowers. The product does not require a property address to guarantee a mortgage rate.

Mortgage 381

Mortgage Contracts Valuation Marketing 381

Housing Wire

MAY 17, 2022

Private equity firm Narrow Gauge Capital (NGC) acquired Inco-Check, LLC , a provider of quality control audit mortgage software and fraud prevention services. Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements.

Logistics 357

Logistics Legal Investors Technology 357

Appraisal Buzz

MAY 31, 2022

As we all know, the home valuation is an integral part of the lending process that helps Americans in their journey to homeownership. This series of articles explores the role of appraisal review processes in the risk system in the format of mortgage lending for 1-4 family real estate.

Real Estate 221

Real Estate Lending Valuation Appraisal 221

Housing Wire

DECEMBER 7, 2023

Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic.

Modernization 399

Modernization Retail Valuation Insurance 399

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”.

Investors 414

Investors Brokerage Valuation Mortgage 414

Housing Wire

OCTOBER 13, 2020

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. behind only its Detroit rival Rocket Mortgage. billion valuation in the fourth quarter. “It’s not about answering to investors. originated $54.2 from Q2 2020).

Mortgage 488

Mortgage Investors Valuation Finance 488

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. This is the second acquisition for Accurate this year.

Valuation 397

Valuation Technology Inspection Investing 397

Housing Wire

AUGUST 1, 2023

From leading mortgage companies and real estate firms to spearheading groundbreaking initiatives and driving policy reforms, these honorees are making an indelible impact on housing.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? of the overall mortgage market. In 2021, S&P Global estimated non-QM volume reached $28.6 Scaling is hard.”.

Lending 379

Lending Investors Mortgage Clients 379

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Mortgage 302

Mortgage Technology Investors Lending 302

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. According to Kris Kully, an attorney at Mayer Brown , the notice will affect mortgage lenders because many of the underwriting systems lenders use to measure default risk contain proprietary algorithms, or “black-box models.” Presented by: Mortgage Coach.

Law 414

Law Legal Valuation Government 414

Housing Wire

NOVEMBER 18, 2022

The third quarter used to be historically the strongest of the year for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks. How are higher mortgage rates affecting servicing? Presented by: Acra Lending. At least until 2022.

Lending 380

Lending Mortgage Valuation Business 380

Housing Wire

SEPTEMBER 10, 2021

Orchard , which operates a home-buying and selling platform, announced it has raised $100 million in Series D funding at over a $1 billion valuation. Accomplice led the round with participation from repeat Orchard investors FirstMark , Revolution Growth , First American , Juxtapose and a syndicate of new investors.

Lending 401

Lending Insurance Investors Real Estate 401

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. billion valuation. Its products include traditional mortgages, commercial real estate loans, reverse mortgages , fixed-income investing and title services. It has sent $16.2

Finance 483

Finance Lending Retail Investing 483

Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency.

Insurance 392

Insurance Lending Real Estate Agent Valuation 392

Housing Wire

FEBRUARY 16, 2022

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed.

Real Estate 382

Real Estate Investing Investors Renovations 382

Housing Wire

SEPTEMBER 11, 2020

Mortgage platform SimpleNexus has tapped Cathleen Schreiner Gates to become its next company president. Between 2015 and 2019, she served as executive vice president of sales and marketing at cloud-based mortgage technology provider Ellie Mae. Ellie Mae was just acquired by Intercontinental Exchange in an $11 billion deal.).

Lending 273

Lending Valuation Technology Clients 273

Housing Wire

NOVEMBER 3, 2020

The mortgage industry is no stranger to disruption since the onset of the COVID-19 pandemic. Amid evolving market conditions, today’s mortgage lenders continue to seek new and innovative ways to leverage advanced automation—the great accelerator. Support strategic decisions with risk management and MSR valuation solutions.

Valuation 391

Valuation Tools Clients Mortgage 391

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. The total funding, since the startup’s launch in 2012, is about $645 million and its valuation is at roughly $1.7 Later that year, the firm acquired digital mortgage lending startup Eave to get into mortgage lending.

Brokerage 359

Brokerage Real Estate Lending Clients 359

Housing Wire

SEPTEMBER 24, 2021

The company says it will use the funding to “aggressively” build new products for mortgage lending and banking industries, expand its US operations and scale its staff with a focus on machine learning and data science teams.

Technology 327

Technology Valuation Lending Investors 327

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. How hybrid title and valuations help increase lending efficiency. Streamline by combining services. Presented by: Altisource.

Renovations 502

Renovations Development Investors Legal 502

Housing Wire

FEBRUARY 7, 2023

The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. These differences can cause volatile MSR values.

Sellers 302

Sellers Investors Valuation Finance 302

Housing Wire

JULY 27, 2022

through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc. .

Marketing 381

Marketing Investors Mortgage Finance 381

Housing Wire

JULY 19, 2021

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

Insurance Investors Technology Real Estate Agent 382

Housing Wire

DECEMBER 2, 2020

billion of it coming through its forward-lending arm. “Our platform was purpose-built to create a business that could better withstand the cyclicality of most consumer lending businesses,” CEO Mary Cook said on an earnings call. billion valuation. The company funded $9.17 billion in the third quarter, with about $8.5

Finance 231

Finance Lending Retail Business 231

Housing Wire

JANUARY 31, 2021

Mortgage servicers are staying busy. Leveraging our own real estate data and analytics to amplify our broker- and appraisal-based valuation services, Clear Capital delivers highly-accurate information with rapid turn-times and a robust quality control process,” said Kenon Chen, EVP of corporate strategy.

Valuation 264

Valuation Technology Development Real Estate 264