Housing Wire

MARCH 25, 2022

This week’s HW+ member spotlight features Arjun Dhingra, who serves as sales and business development at All Western Mortgage. Arjun Dhingra: Technology is not replacing us in the mortgage industry, it is enhancing and empowering us. Somehow ended up a mortgage banker!

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

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Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

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Housing Wire

APRIL 19, 2022

” “As the mortgage environment in which we operate continues to indicate further declines ahead, we have to do more to ensure Better is appropriately positioned, financially and operationally, to navigate this changing environment,” he told workers. It’s unclear how many took Better up on the offer.

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Housing Wire

NOVEMBER 24, 2021

This week’s HW+ member spotlight features American Pacific Mortgage CEO Bill Lowman. Joining the company in 2002, American Pacific Mortgage named him president in 2004, and in 2016 he became CEO. HousingWire: What has been one of your biggest learning opportunities?

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Housing Wire

APRIL 11, 2023

. “We have been through market downturns before…and we believe that the agents who continue to connect with consumers during these tough times and refine their own value proposition and what makes them a good agent, will pay off in spades as the climate improves.”

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Housing Wire

NOVEMBER 16, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Bressler , CTO at United Wholesale Mortgage (UWM) to talk about how the lender is developing a smart, innovative IT team by giving them a safety net to fail. And then we just go all in and try to build off of that. This interview has been edited for length and clarity.

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Housing Wire

MAY 26, 2021

If you have any mortgage servicing rights you’re looking to offload, you may want to give Ocwen Financial a call. A few weeks after striking a deal to buy $14 billion of mortgage servicing rights from Texas Capital Bank , a subsidiary of Ocwen has agreed to buy $48.3 billion of conventional MSR from AmeriHome Mortgage.

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Housing Wire

JANUARY 29, 2024

After nearly three years of doom and gloom in the mortgage industry, housing experts — including Fannie Mae economists — are expecting interest rates to ease. Connie Kim : Fannie Mae calls for mortgage rates to dip below 6% by the end of this year. If mortgage rates get down to 5%, then I think there is a nonlinear piece to it.

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Housing Market Marketing Mortgage Investors 453

Realtor

OCTOBER 16, 2023

“Doing your due diligence can help you avoid some of the most common rookie mistakes, so you come out not only with the home of your dreams, but also a mortgage you can afford.” Here are some common blunders homebuyers make when attempting to secure a mortgage.

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Housing Wire

OCTOBER 27, 2022

Independent mortgage brokers are beginning to have the products and tech tools needed to compete with banks and large retail lenders, and customers are reaping the benefits of this growing channel. They are now seeing that they are the ones paying for those ads. HousingWire recently spoke with Desmond P. You have to work for it.

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Clients Retail Advertising Tools 378

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Below, Ramos answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article and why? There was so much information to absorb and retain.

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Housing Wire

AUGUST 3, 2022

Is there a new way to address the truth about staffing in the mortgage industry? When will we learn to be more transparent to our employees — people with families and bills — and stop the endless flow of layoffs? In 20 years, I have been laid off about 18 times. I’ve been in mortgage for more than 25 years. Some hate me.

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Mortgage Contracts Human Resources Training 350

Housing Wire

JANUARY 7, 2022

Langner has more than 30 years of senior leadership experience, driving growth at marquee mortgage technology and software companies. Langner is a thought leader and subject matter expert in the mortgage space, and regularly contributes and participates in industry panels, roundtables and conferences.

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Housing Wire

AUGUST 4, 2022

Two years after acquiring RoundPoint Mortgage Servicing , Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp. another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp. million premium.

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Housing Wire

DECEMBER 16, 2022

However, most Americans don’t learn about title insurance until they buy their first home and amid the often stressful, frenetic activity of the closing process, homebuyers can be confused about many of the settlement costs and why they need to purchase a title insurance policy. Diane Tomb, ALTA CEO Contributor.

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Housing Wire

DECEMBER 13, 2022

HousingWire sat down with Mike Fawaz, senior vice president at Rocket Pro TPO, as he discussed how mortgage professionals should approach the upcoming year. How do you think mortgage professionals should approach the coming year? How do you think mortgage professionals should approach the coming year? It has its ebbs and flows.

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Clients Technology Real Estate Agent Business 368

Housing Wire

MARCH 15, 2022

Knock, a New York City-based company that makes cash offers on behalf of prospective homebuyers, announced Tuesday that it is laying off 46% of its workforce. Knock did not say exactly how many employees will be laid off. It was in December that Knock floated a pay cut for its loan officers, before rolling back the plan.

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Investing Loan Officers Real Estate Finance 365

Housing Wire

MARCH 4, 2022

Simkoff and his team have recently been honored as a HousingWire 2022 TECH100 Mortgage Winner. ” Below, Simkoff answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article? HousingWire: What has been your biggest learning opportunity? Max Simkoff: Keep going.

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Real Estate Technology Insurance Buyers 361

Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. So yes, we’re toward the bottom in that,” Bob Walters, CEO at Rocket Mortgage and president and COO at Rocket Companies , said. You may get a mortgage once every 10 years.

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Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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Housing Wire

APRIL 27, 2022

HousingWire reached out to Sweeney to learn more about how brokers are handling the current purchase market and her advice to women who are entering the mortgage space. They are speedboats in a sea of cruise ships – agile and adaptable when things go off course.

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Marketing Tools Development Training 367

Housing Wire

NOVEMBER 9, 2022

If you work in the mortgage industry, the challenges of the current housing market are likely top of mind. According to projections from the Mortgage Bankers Association (MBA), mortgage rates have yet to hit their peak and a potential recession lies ahead in 2023. Strategic mortgage tech investments.

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Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

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Mortgage Insurance Tools Business 388

Housing Wire

JANUARY 26, 2024

Lamacchia kicked things off by stating that he made the choice in mid-October to begin speaking publicly about the lawsuits, due to some of the rhetoric used by Ketchmark in the media. “I Don’t require the seller to pay for it,” Ketchmark said. Lamacchia also took aim at the jury and the Kansas City court where the trial took place.

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Realtors Law Agents Real Estate 410

Realtor

NOVEMBER 1, 2023

Getty Images VA loans are a specialized mortgage option. The VA allows sellers to pay all of a buyer’s mortgage-related closing costs and up to 4% of the purchase price in concessions, which can include things like prepaid taxes and homeowners insurance and even paying off collections. Want to learn more?

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Housing Wire

APRIL 8, 2021

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time. These costs may also fluctuate over time.).

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Property Taxes Landlords HOA Renovations 392

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

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Realtors Technology Insurance Mortgage 351

Housing Wire

APRIL 22, 2024

Buddy up with a mortgage lender, insurance rep, or real estate attorney and work the room together. Pay attention to how you’re feeling, and if you need to step away and take a break from the crowd, simply hold up your phone and excuse yourself. Take the pressure off yourself to say the right thing because there is no right thing.

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Real Estate Real Estate Agent Agents Training 336

Housing Wire

JANUARY 11, 2024

Although what lies ahead in the world of real estate and mortgage services in 2024 remains a bit uncertain, it’s now crystal clear that, beyond the already-tired suggestion that we “survive until ’25,” quite a few businesses will be seeking to find additional sources of revenue. That activity will only increase as we move through the year.

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Brokerage Real Estate Business Construction 408

Housing Wire

JANUARY 14, 2022

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Riches in the niches. trillion in 2022.

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Lending Loan Officers Real Estate Mortgage 318

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

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Mortgage Loan Officers Retail Training 339

Housing Wire

JUNE 21, 2023

Home Point Capital surprised the market on April 7 when it announced that the acquirer of its struggling mortgage origination business was a small wholesale shop few had even heard of. Add this to the list: control costs while growing and use an off-the-shelf tech system when you are small.

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Business Lending Marketing Government 316

Housing Wire

APRIL 28, 2023

Mortgage tech company Blend incurred a whopping $769 million loss in 2022, leading some mortgage tech analysts to question the company’s runway and survivability. ” Read on to learn more about Blend’s priorities, its focus on improving mortgage companies’ business, and the firm’s plan to cut down costs.

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Mortgage Investing Business Marketing 336

Housing Wire

DECEMBER 28, 2020

The shift to AI-powered technology is rapidly taking over the mortgage industry with leaders turning to machine learning to increase efficiency amid COVID-19. Then that will burn off, in March or so and then the 120 day process will begin. Ultimately, we believe in the digital mortgage.

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Mortgage Lending Development Technology 468

Housing Wire

JANUARY 17, 2023

The latest numbers have many in the industry starting the year on a hopeful note, with the possibility that we’ll see mortgage rates returning to the 5% range in 2023. They’re projecting the interest rates are going to have a bit of a downtick in early spring, and that’s going to get some buyers off the bench.”.

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Loan Officers Marketing Real Estate Agent Real Estate 339

Housing Wire

JUNE 15, 2022

Whenever people want to get a mortgage, they search for professionals who can streamline the process. That’s precisely when your mortgage broker business comes to the rescue. Ways to Grow Your Mortgage Broker Business. Here are three tips that you can check to start growing your mortgage broker business.

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