Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in mortgage originations in 2020. Also unclear is how investors take to another mortgage company going public. The company generated $24.2

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Valuation Insurance Investors Loan Officers 358

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

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Valuation Loan Officers Investors Finance 376

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Marketing Mortgage Investors Sellers 376

Housing Wire

SEPTEMBER 24, 2020

Digital mortgage lender Better.com is in talks to raise more than $100 million in new funding that would value the company at about $4 billion before an upcoming public offering, according to a new report. The potential new funding round comes amid a historic period of growth for the mortgage industry. trillion in mortgages.

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Valuation Loan Officers Retail Mortgage 325

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

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Mortgage Retail Buyers Investors 438

Housing Wire

JUNE 21, 2022

The stock market has not been kind to mortgage lenders – some are now trading in the $1-a-share range. In a one-week period between June 10 and June 17, 11 publicly traded mortgage companies lost a collective $6.14 As investors fled the space, their valuations declined 17.4% billion in market capitalization.

Mortgage 388

Mortgage Valuation Investors Finance 388

Housing Wire

FEBRUARY 5, 2021

Altisource® is a leading and trusted provider of innovative solutions for servicers, originators and investors in the real estate and mortgage industries. Economical due diligence solutions for HELOC lenders, servicers and investors. #3. The post Mortgage Tech Demo Day: Altisource appeared first on HousingWire.

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Mortgage Valuation Investors Real Estate 253

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.

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Mortgage Valuation Investors Housing Market 421

Housing Wire

JUNE 29, 2022

Fintech startup Tomo will allow borrowers to lock in a mortgage rate for up to 120 days, about twice as long as most lenders. . The lock-in period complements a new product dubbed “Lock & Shop,” which does not require a property address to guarantee a mortgage rate, according to the company. .

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Mortgage Investors Valuation Housing Market 302

Housing Wire

MAY 2, 2021

Over the last several years, significant technology trends continue to change the way people interact and work, and collateral valuation is no exception. This unique valuation offering is bolstered by the industry’s largest, most comprehensive database of property and homeowner information and recorded document images.

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Technology Valuation Mortgage Inspection 359

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%.

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Mortgage Valuation Housing Market Renovations 527

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

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Mortgage Inventory Marketing Finance 500

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.

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Business Mortgage Retail Investors 396

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.

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Insurance Tools Mortgage Valuation 365

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 520

Mortgage Technology Investors Business 520

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. Investors and affiliates of the round, including Apollo Global Management, Inc.,

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Mortgage Technology Investors Development 363

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.”

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Mortgage Modernization Appraisal Process Loan Conditions 270

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 (..)

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Technology Development Real Estate Realty 426

Housing Wire

AUGUST 8, 2023

Real estate valuation technology company Clear Capital unveiled an automated underwriting risk analyzer solution called AURA on Tuesday. These features ensure compliance with internal credit policies, government sponsored enterprise (GSE) guidelines and investor overlays, thereby expediting the loan closure process.

Appraisal 321

Appraisal Valuation Technology Investors 321

Housing Wire

NOVEMBER 22, 2023

However, the report states there’s no final decision on the timing and valuation. billion valuation in a venture-backed funding round in 2021. million in adjusted profits in the second quarter of 2023, according to Cagney’s letter to investors and partners in July. Figure had a $3.2

Lending 364

Lending Valuation Technology Retail 364

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 496

Mortgage Investors Valuation Finance 496

Housing Wire

AUGUST 16, 2022

has agreed to buy mortgage servicing rights trading platform Blue Water Financial Technologies for a cool $101 million. Blue Water provides asset valuation, MSR distribution, MSR hedging and digital solutions to MSR investors and mortgage lenders. Canadian real estate tech firm Voxtur Analytics Corp.

Valuation 297

Valuation Technology Investors Real Estate 297

Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). ” How do remote valuation solutions benefit appraisers? Presented by: Incenter.

Appraisal 352

Appraisal Valuation Appraisal Process Finance 352

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 367

Mortgage Contracts Valuation Marketing 367

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 305

Mortgage Investors Technology Real Estate Agent 305

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.

Brokerage 373

Brokerage Mortgage Loan Officers Finance 373

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.

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Mortgage Clients Training Valuation 338

Housing Wire

APRIL 9, 2021

The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services for investors, government agencies, servicers and lenders. The transaction occurred around the same time that investment firm Gridiron Capital acquired Class Valuation , a technology-enabled appraisal management company.

Appraisal 355

Appraisal Valuation Real Estate Agent Real Estate 355

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

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 447

Technology Landlords Valuation Lending 447

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 418

Investors Brokerage Valuation Mortgage 418

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 372

Valuation Real Estate Investors Brokerage 372

Housing Wire

MARCH 19, 2021

Consumers, real estate agents, investors, mortgage lenders, insurance companies and other financial institutions need accurate valuations to inform their immediate decisions about investing in real estate and underwriting property. Todd Teta – guest columnist March HW Magazine.

Real Estate Agent 494

Real Estate Agent Real Estate Insurance Investors 494

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 305

Mortgage Technology Investors Lending 305

Housing Wire

JULY 31, 2023

million in revenue, according to a letter from Cagney to investors and partners in July. billion public valuation for LendCo when it goes public. billion valuation in a venture-backed funding round in 2021. Figures’ lending business hit a record $900 million in origination and generated $2.7 Cagney expects to land a $2.5

Lending 298

Lending Valuation Business Technology 298

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.

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Logistics Legal Investors Technology 303

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 396