Housing Wire

OCTOBER 31, 2023

HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology , about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. What do you think the disconnect is there, and do you see this changing in the future?

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Technology Loan Officer Loans Banks 459

Housing Wire

JANUARY 22, 2024

He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.

Technology 444

Technology Mortgages Loan Officer Loans 444

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. Western Alliance Bank transformed this model over a decade ago.

Banks 431

Banks Lending Finance Mortgages 431

Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This ensures their bundle retains its credit rating and market value.

Technology 459

Technology Mortgages Loans Investor 459

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?

Technology 447

Technology Lending Mortgages Industrial 447

Housing Wire

FEBRUARY 8, 2024

The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it. And so for me, I feel like it’s an opportunity to kind of open the door via technology, to how and what is happening in the reverse space.

Banks 434

Banks Mortgages Technology Branding 434

Housing Wire

FEBRUARY 2, 2023

Dallas-based mortgage servicing software provider OrangeGrid announced on Thursday that Flagstar Bank has implemented its mortgage servicing software to “manage its loss mitigation processes and enhance internal efficiencies.” billion last December.

Banks 83

Banks Mortgages Loans Lending 83

Housing Wire

OCTOBER 25, 2024

FormFree , a mortgage fintech founded in the midst of the Global Financial Crisis by Brent Chandler, is putting the customer in control of their own data, a practice known as “open banking” that could transform lending. Lapin said FormFree operates within an open banking framework, a relative rarity in the mortgage industry.

Banks 459

Banks Mortgages Lending Industrial 459

Housing Wire

MARCH 13, 2023

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , an FDIC-operated “bridge bank” meant to protect all depositors of the now shut-down Silicon Valley Bank (SVB). The bank failed to raise capital to plug a $1.8

Banks 397

Banks Finance Commercial Technology 397

Housing Wire

APRIL 10, 2024

The FDIC supervises approximately 3,000 state-chartered banks and thrifts not members of the Federal Reserve System. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value.

Banks 447

Banks Brokerage Mortgages Loans 447

Housing Wire

JULY 8, 2024

In the ever-evolving landscape of mortgage banking, executives face the critical challenge of leading their teams through turbulent times. The narrative gap Mortgage banking executives are tasked with bridging a significant narrative gap. This vision should be grounded in reality but framed in a way that inspires hope and confidence.

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Banks Mortgages Industrial Technology 433

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023.

Banks 397

Banks Mortgages Loan Officer Residential 397

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.

Technology 418

Technology Mortgages Loans Industrial 418

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). The fate of the specialist when the market shifts The independent mortgage banks most of us think of when someone mentions IMBs originated as a result of the Savings and Loan Crisis of the 1980s. Today, many might feel sorry for the IMB.

Banks 418

Banks Mortgages Loans Investor 418

Housing Wire

SEPTEMBER 26, 2023

Blend Builder – an initiative that started about four years ago and launched in March 2023 – is a cloud banking platform designed to help businesses in the financial services industry streamline processes for mortgages, loans, deposits and accounts. “We To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage.

Banks 448

Banks Mortgages Loans Investor 448

Housing Wire

NOVEMBER 16, 2022

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion to $1.7

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

FEBRUARY 16, 2021

As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. From a consumer’s perspective, the idea that we wouldn’t be able to connect our bank accounts and financial records in an app is already perceived as archaic. #3

Mortgages 534

Mortgages Banks Loan Officer Technology 534

Housing Wire

FEBRUARY 22, 2024

Akwaboah, who is currently serving as COO for technology and global head of innovation at Morgan Stanley , has nearly 30 years of experience in the financial services industry. . In 2005, he began a 10-year stint working for the Royal Bank of Scotland in Singapore, then joined Morgan Stanley in 2015, according to his biography.

Technology 497

Technology Banks Industrial As-is 497

Housing Wire

JULY 2, 2024

Editor in Chief Sarah Wheeler sat down with Consumer Financial Protection Bureau Director Rohit Chopra for a podcast this week and the talk turned to technology and tech companies. Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders. Listen to the whole episode here.

Mortgages 434

Mortgages Technology Banks Industrial 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. Figure Technologies launched a wholesale lending platform in June 2023 that gives loan originators access to the company’s home equity line of credit (HELOC) offering.

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Lending Equity Technology Banks 447

Housing Wire

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox was director of client management at I CE Mortgage Technology for four months after the firm acquired Black Knight in September 2023. He will report to Sean Dugan, chief revenue officer at DMT.

Mortgages 435

Mortgages Technology Banks Development 435

Housing Wire

JULY 18, 2024

Fintech Sagent hired Jaime Gow, a former executive at Mr. Cooper and First Horizon Bank , as its new chief financial officer. The hiring coincided with the departure of the company’s chief technology officer, Uday Devalla. Warburg Pincus -backed Sagent highlighted Gow’s background in servicing as a reason for hiring him.

Banks 464

Banks Technology Lending Mortgages 464

Housing Wire

MARCH 20, 2024

It went on to state that independent mortgage banks, community banks and credit unions have shown interest in product pricing engines (PPEs) that allow them to price and make decision on nonqualified (non-QM) mortgages, reverse mortgages, fix-and-flip loans, construction loans or portfolio lending products.

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Lending Mortgages Technology Banks 443

Housing Wire

AUGUST 30, 2024

Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. Roque co-founded M&A and retail mortgage banking firm Menlo Co. in 2009 and has also worked in the mortgage technology space. “Looking forward to seeing what we can do together.”

Lending 435

Lending Land Banks Loans 435

Housing Wire

APRIL 12, 2024

That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.” That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.” trillion in 2032.

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Industrial Technology Banks Mortgages 446

Housing Wire

FEBRUARY 8, 2024

Intercontinental Exchange (ICE) Mortgage Technology reported an improved adjusted operating income of $193 million in the fourth quarter of 2023, up 98% from one year earlier and fueled by record sales of its loan origination system (LOS) Encompass. Full year mortgage technology revenues were $1.3 billion, up from $1.1 billion in 2022.

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Loans Sales Technology Banks 429

Housing Wire

MARCH 12, 2024

Unlike off-the-shelf POS solutions, Blueprint Builder allows lenders to customize technology that is designed to help improve operations, Maxwell noted. In the current environment, a rigid, static technology stack can prove fatal. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Lending 447

Lending Technology Loans Equity 447

Housing Wire

JANUARY 13, 2025

He currently serves as an executive chairman for servicing technology company Sagent , a role he will maintain after the transition. The University of Florida alum also has chairman and executive leadership experience with companies like Tax Guard , Capital Bank , Ally Financial , Fifth Third Bank and Bank of America.

Banks 367

Banks Title Technology Industrial 367

Housing Wire

JULY 25, 2024

Virginia -based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow ’s mortgage-oriented customer relationship management ( CRM ) product, Nextwave CRM , will be used by its loan originators across the 30 states it operates in.

Mortgages 445

Mortgages Technology Residential Banks 445

Housing Wire

JANUARY 20, 2025

Previously, ONeill said cybercriminals would specialize in certain parts of the crime or in certain technologies. Now, however, ONeill says AI has made it where cybercriminals dont really need any level of technological proficiency. And the FBI issued a public service announcement over fraudsters usage of generative AI.

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Title Technology Industrial Banks 368

Housing Wire

JULY 17, 2024

AVMs deploy technology to value the properties used as collateral to secure mortgages. Hsu’s priority to reduce inequality and elevate fairness in banking.” The rules intend to address the higher costs tied to appraiser shortages during the post-pandemic refinance boom and concerns about bias in home valuations.

Technology 472

Technology Banks Mortgages Investor 472

Housing Wire

OCTOBER 9, 2024

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. There is no other automated underwriting technology that helps lenders make decisions on FHA loans like ours,” said Mark Hinshaw, CEO of Candor Technology.

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FHA loan Loans Technology Loan Officer 456

Housing Wire

SEPTEMBER 30, 2024

The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 This increase can largely be attributed to the technological advances that have taken place in recent years.

Lending 434

Lending Technology Banks Loans 434

Housing Wire

MARCH 12, 2024

Founded in 2019 by technology and mortgage professionals, Polly is a San Francisco-based provider of mortgage capital markets technology for banks, credit unions and mortgage lenders nationwide. Since its launch in 2019, the California fintech company has raised about $57 million in three rounds of funding.

Technology 447

Technology Loans Banks Mortgages 447

Housing Wire

JANUARY 8, 2024

Recently, new technologies have reduced costs associated with purchasing a home and provided more opportunities for first-time homebuyers to enter the market. billion, that merger ultimately cemented ICE as a market dominator of the mortgage technology sector. This is where regulatory discipline is needed.

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Equity Lending Technology Banks 476

Housing Wire

OCTOBER 2, 2024

Today, modern technology , including Pretium’s platforms, cut out the middleman by allowing firms to invest directly in assets, decide the kind of leverage they want and determine how Pretium will manage the assets over time. Mullen explains that Pretium wants to leave the banking system behind in favor of private credit. “I

Lending 459

Lending Banks Loans Residential 459

Housing Wire

JUNE 3, 2024

Krogh joined Dovenmuehle in 2022 from Associated Bank in Chicago. Torres joined Dovenmuehle in 2021 as part of the technology research and development team in San Francisco before transitioning to the business development team in 2022. She has become a key leader in the company’s national business development efforts.

Mortgages 448

Mortgages Development Banks Technology 448