Housing Wire

MARCH 11, 2025

Milestone, the largest brokerage in Massachusetts over the past three years, said the companies will be able to combine Willow’s top-drawer proprietary technology platform with Milestone’s federal registration and state licensing footprint. Bristol County Savings Bank bought into Milestone in 2022.

Loans 363

Loans Mortgages Loan Officer Technology 363

Housing Wire

MARCH 15, 2023

The Silicon Valley Bank and Signature Bank failures that occurred over the last week have caused even more uncertainty within the mortgage industry. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. The survey, conducted weekly since 1990, covers 75% of all U.S.

Banks 370

Banks Mortgages Fixed-rate mortgage Loans 370

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. The plug-and-play and brokerage routes. trillion in loans, about half of 2021’s $4.4

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

MAY 28, 2024

Fathom Holdings , the parent company of cloud-based real estate brokerage Fathom Realty , appointed Jon Gwin as chief operating officer. Gwin brings a wealth of experience to the role, having previously held executive positions at American Financial Network , Wachovia Bank , Wells Fargo and Accredited Home Lenders.

Industrial 440

Industrial Title Brokerage Branding 440

Housing Wire

JULY 15, 2022

The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. The higher rate environment and a more competitive landscape were responsible for the dip, executives at the bank said Friday. billion in the same period of 2021.

Mortgages 458

Mortgages Lending Banks Brokerage 458

Housing Wire

SEPTEMBER 5, 2023

The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We Another plus for non-QM lending has been the volatility in the banking sector. “I More than a 20% net share of banks reported having tightened standards on non-QM jumbo residential loans (21.6%) and QM jumbo loans (21.4%), per the survey.

Marketing 409

Marketing Loan Officer Lending Banks 409

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. These employees knew they were running afoul of bank laws that prohibit discrimination against national origin, and kept any decisions off recorded phone lines or writing it down.

Lending 475

Lending Agents Banks Loans 475

Housing Wire

OCTOBER 24, 2023

last year, has joined brokerage firm UMortgage , the company announced on Tuesday. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

VA loan 448

VA loan Loans Loan Officer Brokerage 448

Housing Wire

JULY 18, 2022

And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months. Bank, Citi and Bank of America looking to expand the ranks of LOs. Founded in 1870, the bank has about 65 LOs. A quick scan of job boards shows depositories such as U.S.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

OCTOBER 8, 2020

These videos were then circulated by Casa to prominent mortgage industry executives, including Paramount Residential Mortgage Group Chief Lending Officer Kevin Peranio and Mount Diablo Lending Broker/Owner Ramon Walker. Niemiec’s wife, Theresa Niemiec, filed a lawsuit against Casa for defamation.

Lending 448

Lending Brokerage Mortgages Loans 448

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 459

Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

JUNE 27, 2022

“There really are hardly any winners in the mortgage industry,” said Joe Garrett, founder of banking and mortgage banking consulting firm Garrett, Mcauley & Co. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Marketing 468

Marketing Brokerage Loan Officer Mortgages 468

Housing Wire

JUNE 1, 2021

The deal will allow Black Knight access to Top of Mind’s brain child, Surefire, a customer relationship management system and marketing automation software for the mortgage lending industry. ” The software boasts an all-in-one connectivity between LOSs, CRM, POSs, lead sources and sales acceleration systems.

Loan Officer 459

Loan Officer Loans Banks Commercial 459

Housing Wire

MARCH 16, 2022

Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform. Founded in 2015, Maxwell uses artificial intelligence to accelerate the mortgage process for over 300 community lenders, banks, and credit unions. Are digital closings really worth it?

Due diligence 390

Due diligence Loans Technology Lending 390

Housing Wire

APRIL 5, 2023

Wells Fargo placed third on the home lending leaderboard in terms of volume, producing $65.74 billion in production across 109,882 loans and Bank of America at $52.60 billion in production across 109,882 loans and Bank of America at $52.60 billion across 142,258 loans. billion across 121,451 loans. billion across 121,451 loans.

Mortgages 368

Mortgages Banks Loans Lending 368

Housing Wire

FEBRUARY 3, 2021

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 million, the U.S. Directors Financial Group, American Fidelity Mortgage Services , Pacific Union Financial , Peoples Home Equity , PMAC Lending Services and HomeBridge Financial Services.

Mortgages 416

Mortgages Loans Banks Lending 416

Housing Wire

JANUARY 2, 2024

However, two former employees said the company communicated it’s shutting down its mortgage lending business. Purchases comprised about 66%, conventional loans were 45% and 95% were banked loans. The FDIC was the receiver of Washington Mutual Bank after it failed during the 2008 financial crisis.

Loan Officer 459

Loan Officer Residential Banks Loans 459

Housing Wire

AUGUST 16, 2022

335), Trius Lending Partners (no. Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. MortgageOne (no.

Mortgages 370

Mortgages Lending Investor Loans 370

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage.

Loan Officer 450

Loan Officer Lending Loans Technology 450

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Technology 391

Technology Brokerage Lending Mortgages 391

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies.

Fixed-rate mortgage 460

Fixed-rate mortgage Loans Mortgages Loan Officer 460

Housing Wire

AUGUST 8, 2023

Some regional banks working in the space collapsed due to a tightening monetary policy and a deposit run. A tough moment for banks Originating jumbos became trickier in the wake of the 2020-2021 refi boom. Banks have a massive advantage over nonbank rivals: a balance sheet to keep jumbos in their portfolios.

Banks 367

Banks Loans Mortgages Lending 367

Housing Wire

APRIL 27, 2023

” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending. At Cobalt, Yeager oversaw $5 billion in production.

Sales 365

Sales Loan Officer Lending Residential 365

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgages 370

Mortgages Lending Loan Officer Technology 370

Housing Wire

AUGUST 13, 2024

To help attendees increase their knowledge of current macroeconomic and housing market conditions, Keller and other brokerage firm leaders walked agents through some of the current trends. The other, less likely scenarios Keller sees are a normal recession and a banking recession. This is what we as professionals get paid to do.”

Agents 345

Agents Purchase and sale agreement Marketing Banks 345

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings. Presented by: ServiceLink.

Loans 367

Loans Equity Lending Title 367

Housing Wire

JANUARY 26, 2022

Building the next generation of tech: Three ways to digitize home lending. The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience that would benefit both borrowers and servicers. Refinancing is also not an option.

Mortgages 364

Mortgages Pre-approval VA loan Lending 364

Housing Wire

MARCH 10, 2022

The California-based lender plans to use mello to boost the development of innovative products and services in a market that has gotten ultra-competitive , with power buyers, real estate brokerage, mortgage lenders and fintechs all vying to create an end-to-end platform. Sidi has the resume for a digital products and services job.

Loans 396

Loans Title Banks Technology 396

Housing Wire

JUNE 14, 2022

With mortgage rates now north of 6% and the stock market officially in bear territory, two of America’s most prominent real estate brokerages instituted large-scale layoffs and halted expansion efforts. Many Fed observers expect the central bank to raise rates by 75 basis points on Wednesday.

Marketing 370

Marketing Brokerage Mortgages Title 370

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. neighborhood, housing market, Fall, homes, new house sales, forbearance.

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Bank Home Mortgage and Planet Home Lending declined to comment.

Agents 418

Agents Loan Officer Lending Loans 418

Inman

APRIL 18, 2024

First Federal Bank continues expansion of its nationwide mortgage lending operations with deal to acquire Watson Mortgage Corp. and investments in digital solutions.

Mortgages 173

Mortgages Brokerage Banks Lending 173

Housing Wire

MAY 18, 2023

The annual cost would be “extremely onerous for small and mid- brokerages and risks putting the majority of brokerages out of business,” according to the letter. Preparing audited financials would cost the average mortgage broker $10,000 or more, AIME noted.

Brokerage 387

Brokerage Loans Mortgages Banks 387

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually.

Loan Officer 418

Loan Officer Agents Loans Technology 418

Inman

FEBRUARY 26, 2024

Approximately 28 percent of brokerage leaders believe "recruiting and retaining talent" will be their most challenging responsibility one year from now, according to results from the Inman Intel Index survey.

Brokerage 187

Brokerage Lending Banks Mortgages 187

Housing Wire

JANUARY 7, 2021

Andy Higginbotham, chief operating officer of Freddie Mac’s Single-Family business, said the partnership with Blend was a natural choice as both companies hone in on consumers demand for a fully digital lending experience. To be considered as a judge, nominees must be mortgage lenders or real estate sales / brokerage professionals.

Mortgages 275

Mortgages Lending Loans Investor 275

Housing Wire

DECEMBER 29, 2021

For this reason, John Campbell, a title insurance industry analyst at investment bank Stephens Inc., In order to achieve this goal, Simkoff is working to grow DOMA’s current technological offerings and is looking to expand into the lending and appraisal space. of the market, should be too concerned about the rise of the little guy.

Title 399

Title Closing Technology Industrial 399