Housing Wire

DECEMBER 22, 2023

Volly’s services will be offered through WFG Enterprise Solutions, which provides customizable services, including appraisal management, valuation services, title and settlement services, sales enablement, and CRM tools, for lenders of all sizes. This acquisition was not the only major addition WFG made this year.

Retail 399

Retail Valuation Tools Technology 399

Housing Wire

JANUARY 22, 2021

billion in 2018 and at one point had a retail operation. The post Homepoint’s parent in line for $3B valuation with stock sale appeared first on HousingWire. It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1. It’s a phenomenal rise for a lender that originated just $10.6

Valuation 221

Valuation Retail Sellers Investing 221

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. CMG acquired Homebridge’s retail assets in March. Figure had a $3.2 Meanwhile, Figure seeks to raise $50 million for its digital asset arm, according to Bloomberg.

Lending 388

Lending Valuation Technology Retail 388

Housing Wire

AUGUST 2, 2023

AIR is designed to “safeguard the independence, objectivity, and impartiality of appraisers and other Independent Parties throughout the valuation process for 1 to 4-unit residential properties,” according to Fannie Mae. Fannie Mae approved six vendors for its controversial new valuation initiative a few days later.

Appraisal 306

Appraisal Valuation Design Modernization 306

Housing Wire

NOVEMBER 8, 2023

The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages. Guild reported a $54.2 We have continued to invest in our people and our platforms.

Retail 401

Retail Inventory Mortgage Valuation 401

Housing Wire

APRIL 15, 2024

If sellers wait, their business valuations could remain relatively stable or come down. Certainly, in the last two years, distributed retail, in particular, has been the primary interest for all the buyers,” Ludden said. “As But in the short term, retail is the place that has the ability to create the most marginal value.”

Mortgage 448

Mortgage Retail Buyers Investors 448

Housing Wire

MARCH 8, 2024

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. This is a problem that we’ll be working on for years more, I’m sure. There will be bank failures, but not the big banks.”

Real Estate 463

Real Estate Insurance Lending Retail 463

Simonson Real Estate

JULY 22, 2021

As an example, consider the characteristics for a retail district. According to The Appraisal of Real Estate, 14 th Edition, published by the Appraisal Institute, a defining characteristic of a retail district is a concentration of competing retail locations, often along a major street.

Valuation 78

Valuation Retail Real Estate Construction 78

Valuation Review

AUGUST 9, 2021

Artificial Intelligence (AI), according to an article in CIOReview, will play a key role moving forward as online shopping supplants brick-and-mortar retail stores with enterprises prioritizing AI. Additionally, AI can transform every facet of retail business.

Retail 60

Retail Business 60

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. Rocket Mortgage , America’s largest lender, made its debut in the summer and is now trading at a $45 billion valuation.

Valuation 364

Valuation Retail Mortgage Inventory 364

Housing Wire

JULY 14, 2022

The bank experienced a larger decline in the retail channel, which has higher margins, originating $11 billion in the second quarter of 2022, down 27% quarter-over-quarter and 52% year-over-year. The retail channel went from 61% of the total origination in Q1 2022 to 50% in Q2 2022.

Mortgage 390

Mortgage Retail Valuation Lending 390

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Mortgage 332

Mortgage Retail Technology Lending 332

Housing Wire

FEBRUARY 11, 2021

Online retail lender loanDepot raised just $54 million by offering 3.9 LoanDepot, the second-largest retail-focused IMB in the country, had initially planned to raise about $362.5 But it noted that its retail strategy is more developed. At the time, LoanDepot had sought a valuation of $2.4 billion to $2.6

Retail 406

Retail Real Estate Agent Finance Mortgage 406

Housing Wire

DECEMBER 7, 2023

Watch Now The challenge and power of updating your brand Speaker: WeiLing Jang, Chief Marketing Officer, CoreLogic.

Modernization 385

Modernization Retail Valuation Insurance 385

Housing Wire

SEPTEMBER 28, 2023

Other opportunities ICE acknowledged include developing innovative analytics that help lenders connect with potential buyers in historically underserved markets and identify minority bias in the home valuation process.

Technology 392

Technology Valuation Mortgage Development 392

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 (..)

Technology 438

Technology Development Real Estate Realty 438

Housing Wire

MARCH 30, 2021

The publicly traded mortgage lender announced Tuesday that retail branches are now open in Dayton and Columbus, Ohio. It’s the first foray into Ohio for the California-based retail lender. ” Headquartered in San Diego, Guild has approximately 4,400 employees serving customers from more than 200 retail branches in 32 states.

Mortgage 395

Mortgage Retail Valuation Lending 395

Willowbrook Valuation

APRIL 21, 2020

The post Growth of E-Commerce Continues to Shape the Retail and Warehousing Sectors appeared first on Willowbrook Valuation & Advisory Services. The spread of COVID-19 is rapidly cementing e-commerce as a permanent fixture […].

Retail 68

Retail Valuation 68

Housing Wire

FEBRUARY 7, 2024

Despite the changes, chief financial officer Nick Santoro said that Rithm is committed to the retail business, which has been “excellent at recapture” with customers. Executives noted that, at this point, almost all its customers have no incentive to refinance, but recapture rates are expected to be north of 50% when mortgage rates drop.

Valuation 373

Valuation Business Mortgage Loan Officers 373

Housing Wire

AUGUST 17, 2023

Including both the production and servicing business lines, 58% of retail mortgage companies were profitable in Q2, up from 32% in the first quarter of 2023. The average pre-tax production loss was 18 basis points in Q2. There were signs of improvement in the second quarter of 2023.

Retail 363

Retail Valuation Mortgage Business 363

Housing Wire

FEBRUARY 18, 2022

Automated Valuation Models (AVMs) are commonly used today in the mortgage industry to help support the appraiser’s concluded value. Here are six misconceptions surrounding what AVMs currently do for appraisal valuation: 1. Geography plays a large role in real estate valuation. ” Amazing, right? What about AVMs?

Appraisal Process 374

Appraisal Process Appraisal Valuation Renovations 374

Housing Wire

OCTOBER 19, 2022

FoA is trying to navigate the current landscape by cutting jobs , trying to sell its retail business – a deal with Guaranteed Rate collapsed, as HousingWire first reported – and shutting down its wholesale channel. The lender’s gross debt to tangible assets – a measure of leverage – was 10.2x as of June 30, up from 8x the prior quarter.

Valuation 393

Valuation Mortgage Retail Business 393

Housing Wire

OCTOBER 13, 2020

The retail channel comprised 71% of total volumes in the third quarter, down slightly from 74% a quarter prior. The mortgage servicing valuation also rose 3% from the prior quarter, with the carrying value inching up to 66 basis points from 64 basis points in the second quarter.

Business 395

Business Mortgage Retail Investors 395

Housing Wire

AUGUST 3, 2021

Founded more than 30 years ago, New Jersey-based Homebridge has more than 180 retail branches nationwide and two wholesale arms, Homebridge Wholesale and REMN Wholesale. In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2 billion in mortgages.

Mortgage 505

Mortgage Architecture Lending Technology 505

Housing Wire

NOVEMBER 12, 2020

The company will seek to beat the $4 billion valuation it was given in its most recent $200 million Series D funding round , according to Bloomberg’s anonymous sources. Beyond that, Better.com is competing with resurgent retail banks and a slew of newly-capitalized independent mortgage banks.

Valuation 451

Valuation Loan Officers Retail Mortgage 451

Housing Wire

NOVEMBER 11, 2020

In September, Bloomberg reported that loanDepot, which operates in retail, wholesale and correspondent channels, was eyeing an IPO that would see it valued at between $12 billion and $15 billion. United Wholesale Mortgage is expected to debut via a special purpose acquisition company this quarter at a valuation north of $16 billion.

Retail 427

Retail Technology Market Value Valuation 427

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. But the move is in line Stewart’s general appetite for acquisitions – they’ve more than a dozen since January.

Mortgage 406

Mortgage Valuation Loan Officers Retail 406

Housing Wire

JANUARY 15, 2021

Its retail originations actually fell slightly in the fourth quarter, likely due to a rise in coronavirus cases across the country (see page 15). Overall, retail originations declined to $20.1 The MSR valuation rose 12% over the prior quarter. billion from $20.7 Presented by: WFG.

Lending 279

Lending Retail Valuation Mortgage 279

Housing Wire

OCTOBER 13, 2020

billion valuation. Finance of America operates through retail, wholesale and correspondent channels. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9

Finance 485

Finance Lending Retail Investing 485

Housing Wire

JUNE 21, 2022

As investors fled the space, their valuations declined 17.4% They are also punishing the classes of 2020 and 2021, a group of lenders that went public at high valuations, often on the strength of lower mortgage rates and refi euphoria. . Nonbank heavyweight loanDepot suffered the biggest decline in valuation during the one-week period.

Mortgage 393

Mortgage Valuation Investors Finance 393

Housing Wire

DECEMBER 2, 2020

Ishbia, who will control 94% of the company, is seeking a valuation of about $16.5 increase in retail production and 16.9% The gain-on-sale margin also inched up to a record 3.18%; a year ago it was 1.29%. In the summer, UWM announced it was merging with a blank-check company led by businessman Alec Gores. percentage points to 35.5%

Mortgage 475

Mortgage Loan Officers Retail Valuation 475

Housing Wire

JUNE 4, 2021

Stewart recently acquired Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. The company also bought NotaryCam , Pro Tek Valuation Intelligence , and United States Appraisals in March. Ten of country’s top 40 mortgage lenders use Cloudvirga.

Retail 291

Retail Investing Valuation Business 291

Housing Wire

OCTOBER 20, 2020

billion public offering, citing adverse market conditions and poor valuations for other newly public fintech companies. And in Foothill Ranch, California, with the markets in chaos and an IPO expected that day , Anthony Hsieh, loanDepot chairman and CEO, made one of the biggest calls of his career: he would abort the potential $2.6

Retail 394

Retail Valuation Mortgage Investors 394

Housing Wire

JUNE 22, 2021

The rebrand was the culmination of a multi-year effort to build a world-class, property-centric data operation that could deliver critical risk management, analytics, valuation and marketing solutions. Robert Karraa: At the end of last year, we rebranded our data division as First American Data & Analytics.

Valuation 394

Valuation Clients Retail Appraisal 394

Housing Wire

SEPTEMBER 9, 2022

And in broader financial technology, public company fintech valuations are down 70-80%. These valuation declines hit category-leading software fintechs even though they have huge lender customers – and hit originator servicer fintechs even though they have hundreds of billions in volume and servicing portfolios.

Modernization 427

Modernization Valuation Mortgage Retail 427

Housing Wire

OCTOBER 13, 2021

The bank’s channel mix shift was not a contributor to the GOS margin since the retail and correspondent mix remained flat quarter-over-quarter, coming in at 57% and 43%, respectively.

Supply Chain 313

Supply Chain Mortgage Retail Valuation 313

Housing Wire

JANUARY 8, 2021

billion in 2018 and at one point had a retail operation. 22 at a valuation of $16.1 It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1. It’s a phenomenal rise for a lender that originated just $10.6 million.

Retail 407

Retail Valuation Mortgage Investing 407