Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Saleh said he was leading between 250 and 300 people when he left Rocket in mid-May.

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Lending Brokerage Human Resources Real Estate Agent 432

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S.

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Lending Retail Contracts Construction 412

Housing Wire

MAY 21, 2024

Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. Planet Home Lending is an originator, correspondent lender , servicer and subservicer of agency and nonagency residential and commercial mortgages.

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Lending Technology Business Finance 410

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

Lending 458

Lending Clients Business Real Estate 458

Housing Wire

JULY 11, 2024

The advantages for lenders The integration of advanced data collection techniques and the all-in-one ecosystem offers several significant advantages to lenders, positioning Opteon as a preferred partner in the lending process. This efficiency translates to cost savings and improved operational workflows for lending institutions.

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Lending Appraisal Appraisal Process Valuation 434

Housing Wire

MARCH 20, 2024

Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. to take its lending division, LendCo , public. JP Morgan Chase & Co. and Jefferies Financial Group Inc. —

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Lending Technology Investors Development 419

Housing Wire

APRIL 30, 2024

The Federal Housing Finance Agency (FHFA) this week released its fair lending final rule, following up on a proposal made last year in alignment with plans first laid out in 2022 by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

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Lending Finance Government Realtors 422

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. “With so many of our lending officers turning to the Knock Bridge Loan as a financing solution, this integration will streamline the approval process.

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Lending Loan Officers Real Estate Agent Real Estate 421

Housing Wire

MARCH 20, 2024

The PROGRESS in Lending Association released the names for its 2024 Innovations Award winners last week, including two vendors that are active in the reverse mortgage industry, according to an announcement. Their innovative solution supports our commitment to streamlining the lending process for our partners.”

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Lending Mortgage Technology Construction 412

Housing Wire

MAY 22, 2024

Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. Certainty Home Lending operates under the umbrella of Guaranteed Rate. Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance.

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Development Lending Business Loan Officers 413

Housing Wire

APRIL 11, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , announced on Thursday that it will begin making its Digital Asset Registration Technologies (DART) platform — which it describes as “a combined lien and eNote registry service” — available to private and wholesale lending partners.

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Lending Technology Design Buyers 378

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release.

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Retail Lending Loan Officers Finance 416

Housing Wire

MAY 17, 2024

Chase Home Lending , the consumer and commercial banking arm of JPMorgan Chase & Co. , has raised its closing guarantee from $5,000 to $20,000 until July 27, 2024, the bank announced on Thursday. The guarantee means that the bank promises an on-time closing on or before the contract closing date, or it will pay the homebuyer $20,000.

Lending 447

Lending Real Estate Agent Contracts Government 447

Housing Wire

FEBRUARY 7, 2024

California-based lender Summit Funding has appointed Thomas Yoon as the head of subsidiary Lead+ Wholesale Lending, the company announced on Wednesday. Simultaneously, Lead+ Wholesale Lending is unveiling a new program designed to educate brokers on non-QM products. Founded in 1995, Summit Funding operates in 48 states.

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Lending Design Mortgage Marketing 406

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Retail 429

Retail Lending Renovations Construction 429

Housing Wire

FEBRUARY 13, 2024

Gregory Meola, managing director, head of business development & strategy, Acra Lending Rather than formulaic QM lending, non-QM lending can be more complex. HousingWire: What are the unique complexities of non-QM lending as compared to QM loans? This leads to a better overall experience for the customer.

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Lending Technology Development Business 379

Appraisal Buzz

JULY 24, 2024

Neighborhood Credit Union is using FirstClose to streamline its home equity lending operations. Last year, the credit union launched its home equity lending department and in just 12 months has originated over $1.3 Headquartered in Dallas, Neighborhood Credit Union has 14 branches throughout Texas serving more than 50,000 members.

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Lending Loan Officers Business Technology 195

Housing Wire

FEBRUARY 21, 2024

North Carolina-based mortgage lender Premier Lending Inc. Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release. “By

Lending 408

Lending Government Mortgage Finance 408

Housing Wire

DECEMBER 4, 2023

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform.

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Lending Mortgage Real Estate Agent Design 441

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.

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Lending Technology Design Investors 408

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending.

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Lending Mortgage Training Business 405

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. The survey, fielded quarterly by the central bank, asks loan officers about topics such as changes in lending terms as well as household demand for loans.

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Lending Mortgage Loan Officers Government 477

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. 16 in the most recent rankings.

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Lending Inventory Mortgage Finance 466

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

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Lending Renovations Legal Real Estate 418

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. The profitable lending business has more than a 50% contribution margin, he said in a meeting.

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Lending Valuation Technology Retail 428

Housing Wire

NOVEMBER 10, 2023

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Home equity line of credit (HELOC) and home equity loan originations increased 50% in 2022 compared to two years earlier, according to the Mortgage Bankers Association ’s Home Equity Lending Study.

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Lending Tools Inventory Renovations 444

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I Wells Fargo’s correspondent lending business was already in a freefall.

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Lending Business Finance Mortgage 522

Appraisal Buzz

JUNE 26, 2024

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} loanDepot Managing Director of Mortgage Lending Operations Viviana Abarca loanDepot Inc. She most recently served as EVP of Lending Operations. The post loanDepot Names New Managing Director of Mortgage Lending Ops first appeared on The MortgagePoint.

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Lending Mortgage Investing Business 221

Housing Wire

JANUARY 23, 2023

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Tavant, an HW Tech100 winner for multiple years, helped underwrite more than 80,000 loans in 2021.

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Lending Mortgage Technology Design 420

Housing Wire

DECEMBER 21, 2023

That’s the first predatory mortgage lending case brought by the DOJ. Discrimination in lending harms families and neighborhoods for generations; it is wrong, and it has no place in our country,” Attorney General Merrick Garland said in a statement. We look forward to telling the true story of Colony Ridge.”

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Lending Development Investing Business 431

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 439

Lending Technology Loan Officers Clients 439

Housing Wire

AUGUST 28, 2023

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported.

Lending 370

Lending Design Finance Contracts 370

Housing Wire

OCTOBER 17, 2022

The Howard County Food Bank in Columbia, Maryland, gained valuable volunteers and donations from Planet Home Lending as the organization partnered with Farmlink to deliver farm-fresh produce to the food bank. HOUSINGWIRE: What inspired Planet Home Lending to get connected with Farmlink and the Howard Country Food Bank?

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Lending Development Business Mortgage 420

Housing Wire

JANUARY 23, 2024

Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. API-centric and based on consumer data models, our platform focuses on innovation, automation, and business transformation.

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Lending Architecture Loan Officers Tools 315

Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Correspondent lending is also a relatively bright spot for a mortgage industry that’s suffered from low origination volume. from Q4 2022.

Lending 370

Lending Realtors Retail Mortgage 370

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. The survey asks officers about topics such as changes in lending terms as well as household demand for loans. There’s some optimism, however.

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Lending Mortgage Loan Officers Government 479

Housing Wire

AUGUST 1, 2023

This is according to an annual report of the multifamily lending market compiled and released by the Mortgage Bankers Association (MBA). The association characterized the market as generally healthy, despite challenges that faced lending industries broadly last year.

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Lending Government Real Estate Mortgage 358