Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 441

Technology Development Real Estate Realty 441

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. However, the report states there’s no final decision on the timing and valuation.

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Lending Valuation Technology Retail 410

Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. Through the AURA API solution, technology partners can provide lenders with a consolidated version of all the necessary data to assess the risk associated with an appraisal.

Appraisal 364

Appraisal Valuation Technology Investors 364

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. Not necessarily.

Mortgage 381

Mortgage Technology Investors Development 381

Housing Wire

AUGUST 16, 2022

has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. The integration of Blue Water into the Voxtur product suite strengthens our technology foothold and places us squarely in the capital markets arena,” said Voxtur CEO Jim Albertelli in a statement.

Valuation 354

Valuation Technology Investors Real Estate 354

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

JUNE 27, 2023

Automated mortgage technology provider Lender Toolkit announced this week that it has integrated with Reggora , an appraisal management software company that focuses on modernizing residential real estate valuations for mortgage lenders. That savings can be passed on to borrowers.”

Mortgage 330

Mortgage Modernization Appraisal Process Loan Conditions 330

Housing Wire

AUGUST 7, 2020

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. 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.

Technology 267

Technology Law Lending Legal 267

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

SEPTEMBER 19, 2022

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. Which mortgage tech advancements are making the biggest impact? . Presented by: Stavvy.

Insurance 370

Insurance Tools Mortgage Valuation 370

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

SEPTEMBER 5, 2023

It’s now easily the biggest player in the mortgage tech space. mortgage ecosystem to help improve the homeownership experience for millions of American families.” “The aggregate implied value of the Merger Consideration payable to the former holders of Black Knight Common Stock pursuant to the Merger was approximately $11.9

Technology 376

Technology Business Mortgage Valuation 376

Housing Wire

APRIL 9, 2021

Canadian real estate technology company Voxtur Analytics Corp. The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services for investors, government agencies, servicers and lenders. million, the company said this week.

Appraisal 389

Appraisal Valuation Real Estate Agent Real Estate 389

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 is Class Valuation leveraging AI? This interview has been edited for length and clarity.

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Appraisal Technology Modernization Real Estate Agent 414

Appraisal Buzz

AUGUST 25, 2021

PropMix announces rebranding of MCA, its real estate valuation platform, changes name to Profet.ai. NEW YORK / Aug 24, 2021 / – PropMix.io, the creator of the real estate valuation platform called Market Conditions Advisor (MCA), has rebranded the platform to better reflect its vision and capabilities. About PropMix. PropMix.io

Valuation 370

Valuation Real Estate Technology Inspection 370

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

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

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. million in revenue, according to a letter from Cagney to investors and partners in July. billion public valuation for LendCo when it goes public. Cagney expects to land a $2.5

Lending 354

Lending Valuation Business Technology 354

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. Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Mortgage 302

Mortgage Technology Investors Lending 302

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. The company claims on its website that the total value of homes it has appraised is over $517 billion since 2010.

Valuation 397

Valuation Technology Inspection Investing 397

Housing Wire

AUGUST 30, 2022

There is also a renewed interest in the future state of residential mortgage originations. This has led many lenders to feel overwhelmed by options and lack understanding of how, when and where to best implement new technology. Many of these goals lead to adding technologies that can both speed up cycle times and drive down costs.

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Tools Lending Technology Valuation 403

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital.

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Brokerage Mortgage Loan Officers Finance 408

Housing Wire

OCTOBER 11, 2023

loanDepot ‘ s CEO and president Frank Martell said the mortgage market will remain challenging in 2024. ” Running a public company, Martell said that amid a challenging mortgage market, “the most important thing is not to try to play with stock price.” ” loanDepot’s stock closed at $1.47 ”

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Investing Valuation Marketing Mortgage 421

Housing Wire

FEBRUARY 19, 2021

It could also have big implications for appraisers, who are already nervous about the continued rise of automated valuation models. Cape Analytics’ AI system instantly extracts property condition from images, which is then run through Weiss’ valuation model, Raj Dosaj, Cape Analytics’ head of real estate, explained.

Valuation 414

Valuation Real Estate Investors Brokerage 414

Housing Wire

APRIL 30, 2022

Clear Capital’s desktop appraisal solutions offer an easy way to obtain property information by pairing seasoned brokers and appraisers with innovative mobile phone technology, ClearInsight and CubiCasa. lenders and nearly every mortgage investor. lenders and nearly every mortgage investor.

Appraisal 368

Appraisal Valuation Technology Real Estate 368

Housing Wire

APRIL 11, 2024

So, from origination to processing, closing, sales and servicing — we don’t have the servicing piece, but we connect the dots into servicing for valuation and analytics, and so on. You’re talking about many hundreds of investors with their different rules and what they’re willing to underwrite.

Investing 420

Investing Clients Business Technology 420

Housing Wire

AUGUST 17, 2022

The platform supports GSE, regulatory agency, and investor requirements to enhance loan quality and prevent fraud. Mortgage loan fraud typically rises in a purchase market. In 2018, the firm acquired Class Appraisal, a real estate asset valuation and appraisal management solutions provider.

Logistics 380

Logistics Clients Valuation Real Estate 380

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Black Knight is a proven mortgage industry leader in servicing technology.

Lending 403

Lending Valuation Clients Tools 403

Housing Wire

MAY 4, 2021

Former Ellie Mae CEO Jonathan Corr has joined the board of directors for appraisal technology company Reggora. The company is taking a unique approach to solving a historic challenge in the mortgage loan process, and I am proud to join in the mission to deliver consistent two-day appraisal turn times.”.

Technology 382

Technology Appraisal Valuation Modernization 382

Housing Wire

MAY 27, 2022

The requirement also applies to mortgage lenders, legal experts say. The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance. Presented by: Mortgage Coach. The CFPB said it is concerned automated valuation models may reflect bias in design and function.

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Law Legal Valuation Government 414

Housing Wire

MAY 31, 2022

The San Francisco company was now “backed by the top three technology initial public offering underwriters,” Side announced at the time , and the money raise “sets the stage for a future IPO.”. But those valuations have fallen. But today Redfin stock is at just over $9, with a valuation of a little over $1 billion.

Real Estate 381

Real Estate Brokerage Realty Valuation 381

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.

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Valuation Technology Development Real Estate 264

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. Taylor Stork, chief operating officer at Developer’s Mortgage Company , agrees.

Lending 379

Lending Investors Mortgage Clients 379

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

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

NOVEMBER 3, 2021

Digital mortgage-servicing platformer Valon announced Wednesday a $43.9 million raise in equity funding with participation from affiliates of Starwood Capital Group and Freedom Mortgage , alongside independent investor and Softbank Group International CEO, Marcelo Claure.

Design 369

Design Investors Investing Mortgage 369

Housing Wire

NOVEMBER 30, 2023

Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. SW: How are appraisers adapting to some of these challenges, including new rules on valuations from the GSEs?

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Modernization Appraisal Valuation Investing 424