Housing Wire

MAY 16, 2024

Cooper , to talk about how the company is using machine learning and artificial intelligence to increase productivity while making their customers happier. Sarah Wheeler: You came into the mortgage space about nine years ago after leading teams at NTT Data and Infosys. We look at the process that goes with it.

Training 282

Training Technology Agents Investing 282

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. The lender posted production of $3 billion across 8,569 loans in full year 2023.

Loan Officers 424

Loan Officers Technology Investing Realtors 424

Housing Wire

OCTOBER 16, 2023

Regarding lenders’ vociferous complaints about increased loan buybacks from Fannie Mae and Freddie Mac , FHFA Director Sandra Thompson said the regulator expects originators to deliver loans consistent with the guidelines. It cited loans missing key documents or those with inaccurate income calculations as the top factors.

Mortgage 414

Mortgage Development Marketing Finance 414

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. If too many mortgages default, the MBS can lose significant value.

Technology 425

Technology Mortgage Investors Lending 425

Housing Wire

MARCH 20, 2024

Reverse mortgage industry veteran Tane Cabe recently left his position at Fairway Independent Mortgage Corp.’s s reverse division to transition back into a role as a reverse mortgage broker. RMD caught up with Cabe recently to learn about why he made the transition back to being a broker.

Development 427

Development Mortgage Tools Loan Officers 427

Housing Wire

JANUARY 11, 2024

Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions. The platform also offers mortgage and financial education, credit score monitoring, credit report access, and tools to improve credit, pay down debt, save for a down payment and track progress toward mortgage eligibility.

Investing 436

Investing Loan Officers Technology Inventory 436

Housing Wire

NOVEMBER 9, 2023

As mortgage rates hover around 8% for agency mortgages, lenders handling conventional mortgages are struggling to find business. Our pipeline is up about 24% since July and we’re going to fund almost 23% more loans in 2023 than we did in 2022,” he said. “Our But how are the non-QM lenders faring?

Lending 403

Lending Investors Business Mortgage 403

Housing Wire

FEBRUARY 27, 2024

But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB). Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.

Finance 417

Finance Clients Technology Business 417

Housing Wire

FEBRUARY 14, 2024

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year.

Investors 381

Investors Modernization Insurance Mortgage 381

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 410

Loan Officers Clients Mortgage Construction 410

Housing Wire

FEBRUARY 9, 2023

LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA , an intelligent document processing and data extraction technology. LoanLogics IDEA uses machine learning, data extraction programs and rules-based automation workflow to mimic human intelligence.

Technology 329

Technology Tools Buyers Sellers 329

Housing Wire

APRIL 26, 2024

Lind also shares insights into the future of non-QM lending and the importance of emergent technologies in improving the origination process. So when I’m selling loans at 7%, our competitors were trying to sell loans at 5%. ZL: Mortgage rates have challenged every part of the mortgage landscape in the last 18 months.

Lending 408

Lending Technology Mortgage Business 408

Housing Wire

MAY 15, 2023

HousingWire recently spoke with Aaron Drago, chief operating officer of Deephaven Mortgage, about the wholesale broker experience and how it can be improved. This means keeping up with various guidelines, processing, underwriting and closing processes outside of their company. An example of this support is our scenario desk.

Technology 379

Technology Training Investing Mortgage 379

Housing Wire

APRIL 18, 2024

The challenges in today’s mortgage market have caused many originators to expand their loan product offerings outside of qualified mortgage (QM) criteria set by the Consumer Financial Protection Bureau (CFPB). Those who have adopted non-QM are seeing additional loans closed each month they otherwise wouldn’t have procured.

Marketing 422

Marketing Investors Real Estate Business 422

Housing Wire

JULY 11, 2023

We’re definitely seeing more customers come to the table and ask questions, such as, ‘What is a home equity loan? Borrowers are looking for ways to use the equity in their home to their advantage for things like their kids’ college expenses or investment opportunities, said Virginia Wilson, AVP Consumer Processing at Space Coast Credit Union.

Lending 366

Lending Mortgage Technology Investing 366

Housing Wire

AUGUST 29, 2023

Reviewing appraisal imagery, an essential step in the valuation review process, is time-consuming and laborious. CoreLogic developed Image Analytics to drive innovation in the appraisal review process and help lenders and mortgage industry professionals analyze property images quickly and accurately.

Valuation Review 405

Valuation Review Valuation Technology Investing 405

Housing Wire

FEBRUARY 22, 2023

The mortgage process involves many moving pieces and relationships with a variety of stakeholders. The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home.

Real Estate 416

Real Estate Real Estate Agent Loan Officers Agents 416

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

APRIL 13, 2023

To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing.

Lending 355

Lending Mortgage Technology Business 355

Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.

Design 360

Design Lending Technology Modernization 360

Housing Wire

MAY 24, 2022

Indecomm Global Services , a New Jersey-based mortgage automation and services provider, aims to court more lenders through its new automation-enabled origination solution, GeniusWorks, which is intended to cut the cost of middle-office origination functions: set-up, processing and underwriting.

Mortgage 368

Mortgage Insurance Technology Development 368

Housing Wire

NOVEMBER 28, 2023

Mike Darne: In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal credit score a second glance. But when every loan matters, like the market we find ourselves in today, it makes a lot of sense to take a closer look at the borrower’s credit score. Why is this important now?

Tools 402

Tools Mortgage Marketing 402

Housing Wire

OCTOBER 31, 2023

1 reason a mortgage loan applicant is denied for a loan is a problem with their credit score. In good times when qualified mortgage borrowers are plentiful, most originators don’t give a suboptimal credit score a second glance. That means that credit optimization can benefit nearly every mortgage applicant.

Tools 399

Tools Mortgage Business Marketing 399

Housing Wire

OCTOBER 18, 2022

Loan quality and audit services company QC Ally announced on Tuesday that Kristin Broadley has joined the company as its new chief innovation officer. In this role, Broadley will help expand QC Ally’s tech-enabled loan quality initiatives and audit services. Broadley’s professional career spans more than two decades.

Clients 378

Clients Mortgage Marketing Real Estate 378

Housing Wire

OCTOBER 19, 2023

But when a mortgage lender, credit union, bank, title company or settlement service provider wants to transition away from paper closings , it can be hard to know where to start. DocMagic’s AutoPrep solution is the easiest step a lender can take to automate their eClosing process.

Lending 319

Lending Technology Tools Mortgage 319

Housing Wire

APRIL 9, 2024

Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. To get a better idea of what motivated the survey and its desire to learn more about reverse mortgages, RMD sat down with WSFS Mortgage President Jeffrey Ruben.

Mortgage 402

Mortgage Tools Brokerage Government 402

Housing Wire

JANUARY 17, 2024

They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse. Consumers who are introduced to the HECM for Purchase loan option are often skeptical at best, with many thinking it’s too good to be true.

Finance 454

Finance Real Estate Agent Real Estate Insurance 454

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 405

Marketing Real Estate Agent Lending Real Estate 405

Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. Those lenders – and their loan officers – are then operating at an incredible disadvantage. HousingWire: You specifically call out the loan officer.

Loan Officers 418

Loan Officers Technology Tools Marketing 418

Housing Wire

DECEMBER 6, 2022

Hispanic Americans represent a fast expanding segment of borrowers with an increasing number seeking home loans and homeownership. Even with the introduction of more digital tools to provide home buyers with a technology-enabled user experience, Spanish-speaking borrowers often encounter obstacles to homeownership during the lending process.

Lending 383

Lending Business Housing Market Mortgage 383

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 369

Insurance Mortgage Investors Tools 369

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 405

Loan Officers Technology Lending Tools 405

Housing Wire

MARCH 31, 2023

Big Purple Dot (BPD), a mortgage and real estate customer relationship management (CRM) and recruiting solutions company in Irvine, California, announced this week the integration of ChatGPT into its CRM ecosystem. The use-cases for AI-powered chatbots just keep growing.

Real Estate Agent 390

Real Estate Agent Clients Real Estate Loan Officers 390

Housing Wire

OCTOBER 1, 2022

In the mortgage industry, the time between when a hopeful borrower submits their loan application and the loan actually closing is 50 days on average, according to the Origination Insight Report by ICE Mortgage Technology. During this period, a borrower’s credit profile may change drastically.

Investors 362

Investors Modernization Mortgage Lending 362

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. Proprietary product offerings are on the table as well.

Mortgage 376

Mortgage Loan Officers Investors Business 376

Housing Wire

SEPTEMBER 24, 2022

Caliber Home Loans , owned by publicly-traded Rithm Capital , issued pink slips to at least 300 employees earlier this week as soaring mortgage rates thin out already-declining origination volume. At least 93 processors and 25 junior processors were affected, as well as 13 processing managers.

Loan Officers 407

Loan Officers Development Mortgage Finance 407

Housing Wire

MARCH 29, 2024

To gauge what caught her attention about this space and how reverse mortgages intersect with her work, RMD sat down with Frankowska to discuss how and why she is choosing to become involved in the senior finance space. naturally exposing her more closely to the American reverse mortgage industry. reverse mortgage space.

Mortgage 447

Mortgage Finance Insurance Tools 447