Housing Wire

DECEMBER 19, 2023

High-profile government actions against some of the nation’s largest financial firms for alleged violations of fair lending laws and loan servicing principles have sent a sobering message to industry CEOs and their boards: the buck stops at the top. Just ask the ones who in the recent past have lost their jobs or faced reputational damage.

Legal 369

Legal Supply Chain Law Lending 369

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?

Technology 390

Technology Lending Government Legal 390

Housing Wire

JULY 21, 2023

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 The news was first reported by legal website Top Class Action. Because the mortgage industry has become more technologically interconnected, companies are spending more on IT security and infrastructure.

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Legal Technology Insurance Lending 330

Housing Wire

JANUARY 27, 2022

Collateral valuation is a critical component of mortgage lending and the home sales. The return to working foreclosure is a perfect opportunity for those in the industry, whether on the servicing or legal side, to examine ways to improve efficiencies, stay compliant and keep up with demand. Matt Sluggett Director of Product, Stavvy.

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Legal Valuation Lending Technology 320

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more. Presented by: Sagent Lending Technologies.

Technology 365

Technology Lending Investors Modernization 365

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. Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

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Design Lending Technology Modernization 297

Housing Wire

APRIL 14, 2021

Santos had served at Infosys for two years before his latest appointment, and previously served as the North American lending executive for IBM. LaRaia has been in the industry for over 20 years and was previously the chief compliance officer/deputy general counsel at Supreme Lending.

Mortgage 268

Mortgage Lending Legal Modernization 268

Housing Wire

FEBRUARY 4, 2021

Stone Point is a financial services-focused private equity firm with stakes in companies such as Long Wolf Technologies and Homepoint. Strategies lenders should adopt from direct to consumer lending. Sign up here. JPMorgan Securities and Wells Fargo Securities are acting as financial advisor to Stone Point Capital and Insight Partners.

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Legal Investors Lending Finance 421

Housing Wire

FEBRUARY 9, 2023

The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement.

Mortgage 345

Mortgage Retail Loan Officers Lending 345

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. The CFPB issued a statement to warn creditors that technology being “too complicated” is not an excuse for noncompliance.

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Law Legal Valuation Government 413

Housing Wire

MAY 17, 2022

With NGC’s acquisition of Inco-Check, the company aims to enhance loan quality and prevent fraud in a competitive mortgage and consumer lending market, Inco-Check said. Boston, Massachusetts-based NGC, founded in 2015, is focused on making investments in health care services, financial services technology, distribution and logistics sectors.

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Logistics Legal Investors Technology 310

Housing Wire

MAY 13, 2024

The FSOC report, released on Friday, states that these companies quickly adapt their operations to market conditions, are early adopters of technology and are key for underserved borrower groups. “I encourage Congress to remove any legal impediments to information sharing between Ginnie Mae and state regulators.

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Finance Government Mortgage Legal 407

Appraisal Buzz

APRIL 15, 2024

Lenders, Lender Technology Providers, Appraisal Management Companies (AMCs), Appraisal Software Providers, and Appraisers will need to devote time and resources to this evolution. This necessitates innovation and adaptation, potentially narrowing the technological and market advantage that existing providers might have had.

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Appraisal Design Lending Technology 397

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.

Mortgage 358

Mortgage Legal Lending Investors 358

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.

Mortgage 358

Mortgage Legal Lending Investors 358

Housing Wire

MARCH 30, 2023

Severance will also be provided according to legal requirements. In 2022, Mike Cagney ‘s Figure Technologies struck a deal to acquire Homebridge. However, the agreement fell apart just 10 months after the announcement was made because regulatory approval did not occur quickly and demand for new technologies was too strong to wait.

Retail 380

Retail Loan Officers Legal Technology 380

Housing Wire

OCTOBER 29, 2021

The Consumer Financial Protection Bureau (CFPB) has appointed two veteran regulators to lead enforcement and supervision, the latest indication that Director Rohit Chopra will heavily prioritize fair lending and racial equity issues. a legal defense nonprofit. He also had a stint as director at the Center for Responsible Lending.

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Lending Law Legal Mortgage 332

Housing Wire

AUGUST 22, 2023

In their letter, MBA and CBA said that AVMs and technologies like them can alleviate appraiser shortages, reduce transaction costs, and safeguard against individual appraisal bias. Ultimately, a robust regulatory framework continues to be a critical imperative to achieve these outcomes. . the trade groups state.

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Valuation Appraisal Government Real Estate 362

Housing Wire

APRIL 27, 2021

Better, faster, cheaper has long been the promise of technology in the mortgage industry. Some may argue whether today’s technology is that much better than the tools we used in the past, particularly in the servicing business where many still use platforms designed and first built decades ago. Tripping over our own technology.

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Mortgage Technology Tools Modernization 392

Housing Wire

JULY 19, 2022

The FHFA this week launched a new Office of Financial Technology, which it said will be the main point of contact for fintech matters. At the same time, the agency is seeking feedback on how to incorporate technological advancements into the mortgage lifecycle. billion in 2021, up from $0.4

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Mortgage Finance Technology Legal 354

Housing Wire

DECEMBER 9, 2020

Through this acquisition we’ve not only gained an amazing brand and business, but also an incredibly talented group of team members that bring additional editorial, technology and product expertise to our team.”. “In mortgage and housing markets and serves an audience of lending, servicing, investment and real estate market participants.

Real Estate 537

Real Estate Brokerage Legal Real Estate Agent 537

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. Explore three steps that enable technology to work more efficiently, which helps drive profitability. million of the $24.9

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Mortgage Government Retail Lending 482

Housing Wire

SEPTEMBER 30, 2021

Most digital solutions in the lending industry are designed to solve one problem and built for one audience in mind. This fragmentation makes it difficult for everyone involved in the lending process to communicate with each other effectively. Stavvy has the power to bring these disparate components together.

Real Estate 286

Real Estate Design Lending Agents 286

Housing Wire

JUNE 28, 2023

AI should be powerful in the near-term at handling the most mundane tasks being assigned to lower cost resources inside of lending organizations, especially for the work that follows a very predictable pattern,” Brett McCracken, senior advisor at Stratmor, said.

Mortgage 344

Mortgage Investors Legal Lending 344

Housing Wire

APRIL 22, 2022

” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. Blend, whose white-label technology powers mortgage applications on the websites of major lenders such as Wells Fargo and U.S. on April 20.

Mortgage 372

Mortgage Marketing Human Resources Clients 372

Housing Wire

SEPTEMBER 16, 2021

Kully previously worked at the Department of Housing and Urban Development as a senior attorney, in the legal division at Fannie Mae and as a partner at K&L Gates. For the first HW+ spotlight, we’re featuring Kris Kully, a partner at Mayer Brown. HousingWire: Lastly, what was your biggest learning opportunity?

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Finance Legal Development Training 322

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). LoanSnap originated $3 million in production volume over the past year across 32 units, data from mortgage technology platform Modex showed.

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Loan Officers Mortgage Finance Lending 342

Housing Wire

FEBRUARY 25, 2022

UWM claims in the lawsuit that it provides brokers “considerable resources” to grow their businesses, such as technology, marketing materials, compliance support and training. Therefore, UWM is moving forward with legal action enforcing the penalties laid out and agreed to in the contract,” the spokesperson said.

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Contracts Brokerage Investing Mortgage 369

Housing Wire

NOVEMBER 23, 2022

Over the last year, it has also sold off large chunks of the business – including sub-servicing with ServiceMac and delegated correspondent to Planet Home Lending – which accounts for several thousand workers transitioning to new firms. It was last year that the company raised $175 million , led by StoicLane, to fund new technologies.

Marketing 344

Marketing Loan Officers Business Mortgage 344

Housing Wire

AUGUST 15, 2023

Brittany Roseboro and John Glover claim that Rocket’s leadership required them to attend unpaid pre-shift meetings and, due to technological delays and other problems, they usually had an uncompensated preliminary “boot-up” and “clock-in” time. And the process to boot up and clock in often took 2-10 minutes, depending on technological delays.

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Training Technology Law Mortgage 345

Housing Wire

JUNE 11, 2021

“Something buyers aren’t aware of is that the appraisal process can take a while, depending on location, geography and the number of appraisers available at a company,” said Anthony Masseria, Vice President and Area Lending Manager at Citi. Understanding the home-buying process isn’t easy.

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Inspection Appraisal Buyers Appraisal Process 423

Birmingham Appraisal

AUGUST 2, 2023

Technology Adoption In the fast-paced world of real estate, technology plays an increasingly significant role in streamlining appraisal processes and enhancing accuracy. Look for appraisers who utilize modern tools and technologies to complement their expertise.

Appraisal 70

Appraisal Agents Valuation Real Estate 70

Cleveland Appraisal Blog

SEPTEMBER 21, 2023

However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business. By introducing Digital GLA, CubiCasa aimed to leverage advanced technology, such as artificial intelligence and computer vision, to streamline the measurement process. Did I go dark?

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Marketing Real Estate Agent Real Estate Appraisal 300

Will Springer Realtor

JANUARY 16, 2024

These acts were deemed legal by the Supreme Court until 1948 and by Congress until it enacted the Fair Housing Act (Title VIII of the Civil Rights Act of 1968). Tens of thousands of documents with language against protected classes of people still exist in our state even as they no longer hold legal standing. Martin Luther King Jr.,

Real Estate 53

Real Estate Law Legal Training 53

Housing Wire

NOVEMBER 3, 2023

In our research, RealTrends interviewed top producers from RealTrends 500 firms and many didn’t bring up marketing, technology or office space as the top reasons they’re at their firm. “Every time, my family was in the construction lending business, and they’d lose homes and file bankruptsy. in California.

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Real Estate Brokerage Buyers Property Management 300

Housing Wire

MARCH 28, 2024

It doesn’t lend itself to a 24-hour cycle. Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. One would be hard-pressed to find many title agencies that aren’t using some level of technology in that regard.

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HOA Property Management Real Estate Agent Technology 421

Housing Wire

NOVEMBER 16, 2023

When CoreLogic acquired Roostify, the digital mortgage technology company I co-founded and led for more than a decade, in February, our mission was to accelerate and simplify the home lending experience. Technology has brought greater transparency and predictability to the industry over the last 10 years.

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Realtors Contracts Real Estate Agents 394