Housing Wire

DECEMBER 13, 2023

Verifications provider Argyle announced an integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower loan origination system (LOS) from Dark Matter Technologies. The mortgage tech company has made a series of integrations with lenders in the past few months.

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Technology Loans Banks Mortgages 394

Housing Wire

APRIL 12, 2024

The paper was co-authored by several BlackFin executives and mortgage technology leaders from other organizations, including Chuck Iverson at Mason-McDuffie Mortgage and Maria Moskver at Cloudvirga. They argue that understanding the technology is imperative when choosing a specific tool to deploy. “In

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Industrial Technology Banks Mortgages 376

Housing Wire

JANUARY 24, 2024

San Diego-based reverse mortgage wholesale lender Smartfi Home Loans has forged a partnership with LoanPASS to use the technology company’s software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. Their innovative solution supports our commitment to streamlining the lending process for our partners.”

Technology 379

Technology Lending Equity Loans 379

Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?

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Technology Lending Mortgages Industrial 386

Housing Wire

SEPTEMBER 5, 2023

I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.

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Technology Mortgages Loans Industrial 374

Housing Wire

MAY 18, 2023

FormFree , a leading provider of mortgage lending technology , announced on Wednesday that it has appointed Jonathan Nahil as its new chief technology officer (CTO). Nahil brings to the role over 20 years of experience as a software architect and leader of development teams in renowned technology organizations.

Technology 325

Technology Lending Development Loans 325

Housing Wire

JANUARY 18, 2024

Dark Matter Technologies , formerly Black Knight Origination Technologies, is gearing up to bring more lenders on to use its Empower loan origination system in 2024. Empower is the second largest LOS in the industry after Intercontinental Exchange ‘s (ICE’s) Encompass that takes up more than 40% of the market share.

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Technology Marketing Loans Development 379

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. VA loans are 12% of the mortgage market,” Garg said. “VA

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VA loan Loans Loan Officer FHA loan 372

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As And even those offerings generally do not convert into actual savings for clients.”

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Loans Loan Officer Mortgages Closing costs 454

Housing Wire

SEPTEMBER 18, 2023

Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. Gagliano : We believe strongly in technology.

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Technology Mortgages Bankruptcy Industrial 478

Housing Wire

FEBRUARY 14, 2023

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 Timothy Bowler, president of Intercontinental Exchange, Inc.

Technology 376

Technology Mortgages Lending Loans 376

Housing Wire

SEPTEMBER 28, 2023

Having completed the $12 billion acquisition of Black Knight , Intercontinental Exchange (ICE) is confident in evolving into a true life-of-loan platform: powering origination to final settlement, all in one unified digital ecosystem, executives said during its conference call with analysts. “By

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Loans Technology Mortgages Development 398

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. House of Representatives ‘ Financial Services Subcommittee on Housing and Insurance.

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Industrial Banks Residential Lending 346

Housing Wire

MARCH 1, 2024

From leveraging the latest in artificial intelligence (AI) and digital marketing to mastering financial literacy, mortgage and real estate professionals have come together to provide these skills to loan officers in a new book titled, “Rethink Everything: You ‘Know’ About Being A Next-Gen Loan Officer.”

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Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. Looking ahead to Q4 2023, ICE expects near-term cyclical headwinds in the mortgage industry to persist.

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Industrial Mortgages Technology Loan Officer 282

Housing Wire

MARCH 4, 2022

California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. Department of Agriculture – and non-qualified mortgages (non-QM) loans.

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Technology Loans Loan Officer Mortgages 359

Housing Wire

OCTOBER 5, 2022

HousingWire: Where does the industry stand in terms of digital adoption, and more specifically the adoption of eNotes? Dominic Iannitti: Many lenders were considering, or at least researching, digital implementations when the pandemic hit, putting industry adoption on the fast track. This is positively where the industry is heading.

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Technology Investor Loans Industrial 308

Housing Wire

JULY 21, 2023

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 While Citywide Home Loans denies liability for the incident, it is still settling the lawsuit to end the claims. Ultimately, Citywide Home Loans will pay valid claims for economic losses due to the data breach up to $5,000 and lost time up to $200.

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Loans Technology Lending Banks 353

Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. In the title industry , like the rest of the home finance industry, the real dangers are high operating costs that come from inefficiency. When loan volumes fall, they reduce capacity by laying off staff.

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Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Innovations in technology.

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Industrial Mortgages Loan Officer Technology 404

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

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Technology Sales Mortgages Lending 371

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. ” They have good reason to feel anxious.

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Industrial Loan Officer Loans Mortgages 437

Housing Wire

JUNE 14, 2023

There has been a seismic shift in the mortgage industry, and it has redefined how mortgage originators must approach the new market , as mortgage rates have more than doubled from their 2022 lows. In a rising rate environment, we often see the industry hone in on the ultra-competitive business of trying to get the lowest rate possible.

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Loans Technology Lending Mortgages 348

Housing Wire

JUNE 10, 2022

Mortgage lenders Doorway Home Loans and Priority Mortgage Thursday announced a merger, the latest of many such deals made during a challenging mortgage market. Doorway Home Loans — founded just three years later, in 1987, by Kirk Hankla in Long Beach, California — will expand geographically through the transaction. billion mega-deal.

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Loans Mortgages Technology Lending 380

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

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Industrial Mortgages Loan Officer Loans 409

Housing Wire

AUGUST 17, 2021

For better or worse, trends in the mortgage industry tend to mirror corresponding trends in the overall real estate market. Typically, this dynamic tends to favor the seller because, thanks to the lower interest rates, buyers are willing to borrow more and pay less interest over the life of the loan. Inventory issues. Push for tech.

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Industrial Mortgages Technology Loans 509

Housing Wire

AUGUST 11, 2021

Insights by ICE Mortgage Technology. A software as a service industry and peer benchmarking product with an intuitive interface that is quickly provisioned and can be immediately used. #2. Users can view by benchmark, map count, map trends, performance at a glance, see aggregated borrow profiles, closed loan trends, and much more.

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Technology Mortgages Industrial Loans 388

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. The program provides more flexible guidelines compared to a traditional cash-out refinances, and has a loan-to-value (LTV) ratio as high as 97%, Rocket said.

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Industrial Mortgages Lending Loans 415

Housing Wire

JANUARY 4, 2022

For well over a decade, the industry has made steady progress in digitizing mortgage closings. With eMortgages, when the most critical component of the loan file – the note – is digitized, it allows lenders to expedite the delivery of loan collateral to their investors or warehouse lenders. eMortgage challenges.

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Closing Industrial Investor Loans 437

Housing Wire

DECEMBER 22, 2020

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. Blockchain – most simply defined as a decentralized, immutable digital ledger – is perhaps best known as the technology underlying digital currency. Friedman HW+ Columnist.

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Industrial Mortgages Loans Title 502

Housing Wire

NOVEMBER 30, 2022

Each year, the TECH100 awards recognize the 200 most influential tech companies in mortgage and real estate that are working to improve the housing industry through tech innovation. The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”.

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Industrial Title Lending Technology 354

Housing Wire

SEPTEMBER 2, 2021

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology.

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Technology Closing Loan Officer Mortgages 424

Housing Wire

JANUARY 31, 2021

The COVID-19 pandemic continues to impact the mortgage industry, and servicers are dealing with an increased call volume as borrowers transition in and out of forbearance and make decisions regarding the future of their homes. The post Loan servicing solutions appeared first on HousingWire.

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Loans Technology Mortgages Industrial 381

Housing Wire

NOVEMBER 18, 2021

HousingWire recently sat down with Joe Hallett, Fannie Mae’s Vice President – Digital Products Management, to discuss how Fannie Mae is leveraging technology to expand access to homeownership. HW: Where do you think we are as an industry in the digital mortgage journey?

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Technology Lending Mortgages Industrial 424

Housing Wire

JANUARY 5, 2022

And this time, the most wonderful time of the year gives way to what, in the mortgage industry, could be the most awfullest time of the year. Last fall I wrote a report, “Productivity, the One KPI to Rule Them All,” that among other things, states very plainly that the mortgage industry will go through a major downsizing during 2022.

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Industrial Mortgages Principal Technology 446

Housing Wire

APRIL 13, 2023

San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Sahi will be involved in all aspects of the corporate strategy, business development, sales and account management, the firm said Thursday.

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Technology Mortgages Development Loans 275

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Kirby: Nothing in the mortgage industry is easy right now.

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Loans Mortgages Loan Officer Lending 381