Housing Wire

SEPTEMBER 11, 2023

Target buyers for Cliffco include non-traditional buyers seeking investor loans. The lender has about 80 loan officers and aims to hire up to 100 in states. Capturing leads with tech Another priority for the lender is procuring leads through its proprietary technology. But the client gets to benefit from that.”

Loan Officers 397

Loan Officers Agents Retail Technology 397

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

Loan Officers 409

Loan Officers Mortgage Finance Lending 409

Housing Wire

APRIL 30, 2024

If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 421

Retail Loan Officers Lending Mortgage 421

Housing Wire

JANUARY 26, 2022

Mortgage Coach provides an interactive borrower education platform that lets loan officers walk borrowers through a visual presentation of their loan options so that the LO becomes a trusted advisor, Co-founder and CEO Dave Savage said. “There should be a relationship beyond the transaction. .

Investors 381

Investors Mortgage Investing Loan Officers 381

Housing Wire

MAY 10, 2023

AutomatIQ Borrower Income Analysis AutomatIQ Borrower Income Analysis is an all-inclusive intelligent calculation and analysis tool that leverages state-of-the-art CoreLogic technology. The tool allows lenders to qualify borrowers faster by examining all income sources automatically and reliably.

Loan Officers 295

Loan Officers Tools Investors Technology 295

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

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Through Blue Sage DSP, lenders will be able to close loan transfers, process individual and batch payments, onboard loans as well as collect payments, the company said.

Retail 421

Retail Lending Design Technology 421

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 384

Mortgage Investors Loan Officers Technology 384

Housing Wire

SEPTEMBER 26, 2023

It is also turning Acra’s business into a technology-first one, the statement said. We are in an environment that is highly dependent on adoption of technology, and Acra does not want to be a company that does not adapt to technology,” Gregory Meola, managing director at Acra Lending said. “As

Lending 410

Lending Technology Design Investors 410

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

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

MARCH 31, 2022

BH: There’s no question that non-QM is more difficult to originate than conforming or government loans, so many mainstream brokers and loan officers have been reluctant in the past to offer these products. And investor guidelines are continually evolving. And investor guidelines are continually evolving.

Marketing 397

Marketing Investors Technology Loan Officers 397

Housing Wire

FEBRUARY 28, 2023

Adam Carmel: I certainly think there’s been a sort of rally call over the last year or so; there is growing demand for mortgage technology that works for the lender and not against them. It’s technology gridlock. HW: How has this technology gridlock hurt lenders? So, I would say yes, that there has absolutely been a shift.

Mortgage 370

Mortgage Architecture Technology Modernization 370

Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. SW: How do you think about technology and prioritizing what to do next? What’s changing there?

Appraisal 421

Appraisal Technology Modernization Real Estate Agent 421

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 431

Retail Loan Officers Brokerage Technology 431

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 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. .

Insurance 370

Insurance Mortgage Investors Tools 370

Housing Wire

MARCH 25, 2021

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. Maxwell claims the loans on the platform close 50% faster than the national average. mortgage market.

Mortgage 421

Mortgage Lending Technology Loan Officers 421

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 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 384

Mortgage Loan Officers Retail Technology 384

Housing Wire

FEBRUARY 12, 2024

While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier. AP: QC is crucial for lenders to ensure loan quality and mitigate risk. A well-rounded QC program can catch loan defects before regulators arrive for exam or investors send loans back for re-purchase.

Mortgage 410

Mortgage Technology Inventory Lending 410

Housing Wire

JANUARY 27, 2021

Roostify’s latest funding round was led by Ten Coves Capital with returning investors Cota Capital, Mouro Capital , Colchis Capital , Point72 Ventures, and JP Morgan Chase. In its release, Roostify said it intends to use the latest investor backing to advance its current AI technology and grow its staff by 50%.

Lending 370

Lending Technology Loan Officers Investors 370

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. Movement Mortgage, First American Financial and FinVC joined existing investors 8VC, Khosla Ventures and Fifth Wall.

Mortgage 432

Mortgage Project Management Insurance Loan Officers 432

Housing Wire

MARCH 18, 2021

Offerpad will also receive a $200 million commitment from private equity investors such as BlackRock and Zimmer Partners. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. The deal will provide the iBuyer with “up to $650 million in gross cash proceeds,” per the release.

Real Estate 432

Real Estate Real Estate Agent Loan Officers Technology 432

Housing Wire

SEPTEMBER 27, 2023

It automatically extracts all income data, checks for missing documents and calculates borrower’s qualifying income according to Investor guidelines.

Tools 410

Tools Architecture Technology Investors 410

Housing Wire

NOVEMBER 5, 2021

But some investors see add on services including mortgage as a possible way for iBuyers to eventually turn a profit. Opendoor began Opendoor Home Loans in 2019, and the mortgage loan originator operates today in 26 markets and eight states. IBuying is empirically a money-losing industry even amid a historic housing boom.

Brokerage 397

Brokerage Real Estate Loan Officers Business 397

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs).

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

NOVEMBER 23, 2022

While it is true that many nonbanks entered this downturn with a large war chest of cash and capital, this is more than offset by the impact of warehouse and investor covenants, which are causing lenders to move expeditiously to cut costs,” Jim Cameron, Stratmor Group ’s senior partner, wrote in a report published this week. “In

Marketing 384

Marketing Loan Officers Business Mortgage 384

Housing Wire

NOVEMBER 14, 2022

Demand from investors is still solid, albeit more guarded. Self-employed borrowers, real estate investors and credit-worthy borrowers who have recovered from credit issues will always be in the market. Another key is that these loans are performing. Tom Hutchens: The non-QM space has evolved quite a bit in the past year.

Lending 431

Lending Investors Loan Officers Technology 431

Housing Wire

FEBRUARY 9, 2021

Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards. We have made improvements to our systems so that our team has everything they need from resources and technology to be successful at home. HW: How does vertical integration benefit a loan officer?

Lending 420

Lending Loan Officers Business Investors 420

Housing Wire

APRIL 17, 2023

Roger Stotts: In some respects, our current challenges are the same ones that good servicers have always faced: doing the right thing for the customer, protecting the interests of the investor and doing these things the right way, which means compliantly and in the most cost-efficient manner possible.

Loan Officers 384

Loan Officers Investors Valuation Real Estate 384

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. In order for brokers and lenders to work together in symbiosis as organisms of this ecosystem, the technology must also allow for it. No one system today can handle pricing across the entire life of the loan,” Soukoulis said. “No

Mortgage 306

Mortgage Technology Investors Lending 306

Housing Wire

OCTOBER 9, 2020

It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.” “As an investor, you’re looking at all this trying to figure it out,” he said.

Marketing 370

Marketing Investors Technology Loan Officers 370

Housing Wire

JANUARY 16, 2024

Optimal Blue ’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loan officers full product and search capabilities from their mobile phones. All eligible products and rates are presented – including any adjustments, notes, and advisories.

Loan Officers 421

Loan Officers Investors Mortgage Development 421

Housing Wire

SEPTEMBER 22, 2023

For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight. So you’re having to encourage investors with wider spreads to accept that. The employment data comes out on a lag basis for brokers and loan officers.

Housing Market 450

Housing Market Marketing Buyers Investors 450

Housing Wire

FEBRUARY 28, 2022

The company has shown steady growth since it was founded in 2008 and demonstrated profitability across varying market conditions, rising to become the nation’s top correspondent investor and the No. The next generation technology is a culmination of extensive work with its partners, vendors, service providers (i.e., 6 wholesale lender.

Technology 397

Technology Clients Business Investing 397

Housing Wire

APRIL 14, 2022

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. However, they are hampered by comparatively poor technology and the slow speed at which they can close a loan, analysts said.

Mortgage 522

Mortgage Marketing Retail Lending 522