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 304

Lending Valuation Business Technology 304

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 430

Technology Development Real Estate Realty 430

Housing Wire

MARCH 17, 2022

“With technology impacting all areas of our lives, it is time for participants across the mortgage ecosystem to experience an improved process that simply works better and costs less,” said Daniel Wallace, GM of Figure Lending. The post Figure and Apollo complete ownership transfer via blockchain appeared first on HousingWire.

Technology 450

Technology Landlords Valuation Lending 450

Boston Appraisal

JULY 27, 2023

As an investor or lender, you need accurate valuations of residential properties to make informed investment and lending decisions. Scrutinize Valuation Methods Pay particular attention to the appraisal methods used. Subjective opinion has little place in appraising unusual homes.

Investors 78

Investors Valuation Architecture Appraisal 78

Housing Wire

AUGUST 30, 2022

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. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 397

Tools Lending Technology Valuation 397

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. Quality Control and Quality Assurance .

Real Estate 221

Real Estate Lending Valuation Appraisal 221

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 384

Real Estate Investing Investors Renovations 384

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 363

Valuation Technology Inspection Investing 363

Housing Wire

MAY 17, 2022

Founded in 2000, Irvine, California-based Inco-Check leverages its proprietary web-based platform to support GSE, regulatory agency, and investor requirements. With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said.

Logistics 309

Logistics Legal Investors Technology 309

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 419

Investors Brokerage Valuation Mortgage 419

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

Law 420

Law Legal Valuation Government 420

Housing Wire

OCTOBER 13, 2020

In a presentation to investors, the Jamie Dimon-led bank said it had originated $29 billion in residential mortgages in the third quarter, up 20% from the second quarter. billion in revenue from its home lending division in the third quarter, according to the investor presentation. billion in Q3 2019). 30 had a total of $28.5

Business 396

Business Mortgage Retail Investors 396

Housing Wire

DECEMBER 7, 2023

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

Modernization 369

Modernization Retail Valuation Insurance 369

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 376

Insurance Lending Real Estate Agent Valuation 376

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 377

Lending Insurance Investors Real Estate 377

Appraisal Buzz

JANUARY 10, 2022

Here’s a brief look at valuation risk through the eyes of a lender or an Appraisal Management Company. It’s a standard investors require all parties to meet. It’s important for lenders to know how a particular piece of real estate both fits into its marketplace and about any risk it presents to lenders or investors.

Appraisal 374

Appraisal Real Estate Valuation Investors 374

Housing Wire

JUNE 1, 2021

How hybrid title and valuations help increase lending efficiency. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing.

Renovations 508

Renovations Development Investors Legal 508

Housing Wire

AUGUST 10, 2021

Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. Investors and affiliates of the round, including Apollo Global Management, Inc., billion valuation. Blockchain.com and Rockaway Blockchain among others helped boost Figure to an approximate $3.2

Mortgage 366

Mortgage Technology Investors Development 366

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. We had a great discussion!

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

SEPTEMBER 11, 2020

Elsewhere in mortgage comings and goings, Chris Boyle has been named president of home lending at Roostify , bringing extensive experience in the mortgage lending ecosystem to the position. In his new role, Wierks will work on existing automated valuation and collateral risk analytics initiatives and products.

Lending 267

Lending Valuation Technology Clients 267

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 286

Technology Valuation Lending Investors 286

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

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? It’s not subprime lending. It [non-QM loans] is a manual underwrite,” Robert Senko, president at ACC Mortgage , said.

Lending 351

Lending Investors Mortgage Clients 351

Housing Wire

NOVEMBER 3, 2020

Broad in reach and deep in functionality, the PPE manages many core functions in mortgage lending, such as decisive product eligibility and sophisticated pricing strategies, as well as automating the rate-lock process. Support strategic decisions with risk management and MSR valuation solutions.

Valuation 368

Valuation Tools Clients Mortgage 368

Housing Wire

JULY 29, 2021

Economists and investors are closely monitoring any indication from the Federal Reserve that it may begin tapering of mortgage backed securities and bond purchases. How fine-tuning MSR valuations can help lenders improve decision-making. Presented by: Black Knight.

Mortgage 421

Mortgage Valuation Investors Housing Market 421

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. Blackstone will own 70% of the company, which is expected to go public in the first half of 2021.

Finance 484

Finance Lending Retail Investing 484

Housing Wire

JUNE 16, 2022

The total funding, since the startup’s launch in 2012, is about $645 million and its valuation is at roughly $1.7 The company also announced Thursday it will acquire Accept.inc, a Denver, Colorado-based lending startup, in an all-stock transaction for an undisclosed amount. The deal is expected to close in coming weeks. .

Brokerage 313

Brokerage Real Estate Lending Clients 313

Housing Wire

NOVEMBER 18, 2022

Acra Lending’s Eric Friedman said the servicing business right now is a “delicate balance between complying with regulations and servicing a loan for investors.”. Presented by: Acra Lending. How are higher mortgage rates affecting servicing?

Lending 360

Lending Mortgage Valuation Business 360

Housing Wire

MAY 2, 2024

Volatility in the Treasury market, which trades at a shifting spread below that of mortgage rates, also translates into uncertainty among housing market investors. Market observers say this normally leads to investor hesitancy and a tendency to keep more money parked on the sidelines.

Marketing 362

Marketing Mortgage Investors Sellers 362

Housing Wire

JANUARY 31, 2021

Clear Capital’s suite of field valuations, real estate analytics, and platform technology solutions help servicers prevent fraud, check the accuracy of completed appraisals and broker price opinions (BPOs), conduct portfolio valuation analysis and updates, and help with disposition analysis on distressed loans.

Valuation 236

Valuation Development Technology Real Estate 236

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. For these reasons, the enterprise should not accept MSR valuations provided by seller/servicers without an independent evaluation.”

Sellers 294

Sellers Investors Valuation Finance 294

Housing Wire

AUGUST 5, 2021

Economists and investors are waiting for any indication that the Federal Reserve may begin tapering its asset purchases. How fine-tuning MSR valuations can help lenders improve decision-making. Mortgage rates have stayed stubbornly low, barely exceeding 3%, defying predictions that 2021 would bring a return to higher levels.

Mortgage 527

Mortgage Valuation Housing Market Renovations 527

Housing Wire

AUGUST 7, 2020

Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga. Valuation technology company Valligent Technologies has named Walter Allen as its executive vice president of digital transformation.

Technology 258

Technology Law Lending Legal 258

Housing Wire

JANUARY 22, 2021

It officially merged on Thursday with special purpose acquisition company Gores Holdings IV , giving the combined company a valuation of $16.1 “I’m going to be extraordinarily focused times 10 on wholesale mortgage lending,” said Mat Ishbia, whose father Jeffrey founded the company in 1986. Presented by: Black Knight.

Mortgage 520

Mortgage Technology Investors Business 520

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 220

Finance Lending Retail Business 220

Housing Wire

JULY 19, 2021

Shares closed trading at $20.90, giving Blend a valuation of around $4.6 Blend’s investors are apparently convinced that the company can radically transform lending, simplifying and digitizing regimented-but-clumsy processes that are still rather paperwork-heavy. “So, the roadshow was very, very well received.”

Insurance 384

Insurance Investors Technology Real Estate Agent 384

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. Geographically aware marketplaces that link listings, lending and liquidity will unlock actionable information. Many industries began to deploy electronic supply chains in the 1980’s.

Real Estate 335

Real Estate Supply Chain Architecture Brokerage 335