Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. venture-backed technology and healthcare companies.

Banks 338

Banks Mortgages Loans Loan Officer 338

Housing Wire

APRIL 26, 2021

New York Community Bank , one of New York City’s largest multifamily lenders, is set to diversify its business strategy with the acquisition of Michigan-based retail bank Flagstar Bancorp. The bank’s stock price was trading at a 26% discount to book value in late January. in an all-stock merger valued at $2.6

Banks 397

Banks Branding Commercial Loans 397

Housing Wire

SEPTEMBER 13, 2024

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

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Sales Mortgages Loan Officer Technology 395

Housing Wire

NOVEMBER 30, 2020

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector.

Technology 366

Technology Mortgages Due diligence Commercial 366

Marco Santarelli

APRIL 28, 2024

The banking sector is often seen as a barometer for the broader economy , and the closure of a bank can send ripples through the financial community. In 2024 , the United States witnessed its first bank failure of the year with the closure of Republic First Bank.

Banks 105

Banks Commercial Loans Technology 105

Housing Wire

OCTOBER 2, 2024

This process included removing a variety of debt — including commercial mortgages, personal loans and auto loans — from balance sheets and making credit available to traders. Burns follows up with a question on how Pretium’s construction lending platform sets them apart, as well as the company’s interest in land banking.

Lending 459

Lending Banks Loans Residential 459

Propmodo

OCTOBER 31, 2023

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. Plus, many owners have no other option.

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Lending Commercial Banks Construction 113

Housing Wire

SEPTEMBER 24, 2024

Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital. Mac has over 25 years of experience in fixed income, capital markets, and investment banking in the mortgage industry,” Beacham said in a statement.

Residential 363

Residential Commercial Finance Loans 363

Marco Santarelli

JUNE 9, 2024

Whispers of a looming financial crisis have begun to circulate, casting a shadow over the once-assured stability of the US banking system. Headlines raise questions about bank insolvency, sparking anxieties among consumers and businesses alike. This article delves into the current state of the US banking system in 2024.

Banks 105

Banks Lending Loans Technology 105

Housing Wire

SEPTEMBER 20, 2024

Kevin Wilzbach : Without question, the growth in the use of AI and particularly GenAI has been transformational for the banking industry. Today, technologies like natural language processing and machine learning have moved from the research lab into something more tangible that commercial enterprises can take advantage of.

Lending 370

Lending Industrial Mortgages Technology 370

Housing Wire

SEPTEMBER 15, 2023

Technologies like encryption help deliver certainty that content has not been tampered with. Improving the ability of MERS to verify and transfer ownership required capital, time and technology. As every consumer facing commercial platform will attest — payments are the prize. What’s next?

Commercial 382

Commercial Technology Investor Title 382

Housing Wire

MAY 30, 2024

His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. also serves as a trustee at Watertown Savings Bank. McShane, who was promoted to team lead in 2023, focuses on adapting to new environments and markets and the leveraging of technology. DelRose Sr.

Brokerage 432

Brokerage Residential Commercial Development 432

Marco Santarelli

MAY 3, 2024

The financial stability of a nation's banking system is crucial for economic growth and the well-being of its citizens. banks are at risk of failure. banks , identifying 282 that face risks from commercial real estate loans and potential losses due to higher interest rates. The analysis evaluated around 4,000 U.S.

Banks 52

Banks Commercial Investor Technology 52

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

Land 400

Land Lending Technology Banks 400

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. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

Lending 416

Lending Loan Officer Loans Technology 416

Housing Wire

MARCH 5, 2024

A mortgage industry veteran, Vas has served since October 2023 as the president of tech company Pagaya Technologies Ltd., He oversees the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes. Before joining Pagaya, Vas was CEO of Caliber Home Loans.

Principal 357

Principal Commercial Loans Mortgages 357

Propmodo

JANUARY 17, 2023

Today, large companies in the insurance and banking industries are still the ones most likely to have chief data officers but the executive role has spread beyond those sectors. The commercial real estate industry, as well, is starting to ramp up its use of data science and with it we are seeing the appointment of more chief data officers.

Commercial 115

Commercial Brokerage Technology Banks 115

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 457

Technology Title Development Lending 457

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. banks in comparison to international standards.

Industrial 351

Industrial Banks Residential Lending 351

Housing Wire

APRIL 4, 2022

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

Lending 347

Lending Technology Commercial Finance 347

Housing Wire

JULY 1, 2024

Devon Bevis Senior Vice President Correspondent & Co-Issue Sales Mr. Cooper Dionna Hall Chief Executive Officer Broward, Palm Beaches & St.

Lending 480

Lending Technology Mortgages Equity 480

Housing Wire

JANUARY 29, 2024

Over the next few years, dramatic home price appreciation and the downturn in commercial real estate have the potential to significantly increase residential real estate taxes. At the same time, many observers are predicting a downturn in commercial real estate values.

Commercial 394

Commercial Residential Technology Industrial 394

Housing Wire

OCTOBER 30, 2020

Once he takes over as CEO, Floyd said he intends to use his role to help further the adoption of new technology in the title industry. Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development. and as president of SKLD Title Services.

Lending 352

Lending Banks Title Commercial 352

Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. territories.

Due diligence 383

Due diligence Marketing Mortgages New Construction 383

Realty Biz

MARCH 15, 2021

While blockchain has already been used in sectors like finance and logistics for many years, the technology is now being leveraged within the real estate sector. Using cryptocurrencies to purchase real estate without using banks has already been happening over the last decade. Image Credit: Unsplash. Intermediaries.

Technology 145

Technology Due diligence Title Marketing 145

Housing Wire

FEBRUARY 22, 2021

Find the right mortgage with a local broker and Rocket technology,” intoned the narrator on the commercials, which premiered during the Super Bowl. They surpassed Well Fargo through persistent marketing (ginning up interest in the Rocket app), robust customer service and benefited from industry-wide retreat from the depository banks.

Loan Officer 462

Loan Officer Commercial Banks Mortgages 462

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. ” Traditional banks have proximity to borrowers due to a preponderance of local branches across the country.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex is one of Texas’ largest banks, with $8.8 billion purchase of Caliber Home Loans , New York Community Bank ‘s pending $2.6 It posted net income of $31.8

Mortgages 356

Mortgages Lending Banks Loans 356

Housing Wire

FEBRUARY 21, 2024

Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. MBA entry-level initiative In a parallel effort, the Mortgage Bankers Association (MBA) introduced “Mortgage Banking Bound” in 2023. In 2023, the survey found that 58.6% were women.

Mortgages 357

Mortgages Title Marketing Lending 357

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. The second area we have been focused on is commercial real estate. As of Sept.

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Title Mortgages Commercial Technology 341

Housing Wire

AUGUST 26, 2024

Many independent mortgage banks opted to sell a substantial portion of their MSRs, aiming to free up cash and stay afloat amidst declining origination activity, anticipating future regulatory capital requirements or simply lacking interest in maintaining these assets. The dynamic has led to a repositioning of players in the market.

Mortgages 387

Mortgages Banks Debt-to-income ratio Loans 387

Housing Wire

MARCH 5, 2024

A mortgage industry veteran, Das has served since October 2023 as the president of tech company Pagaya Technologies Ltd., He oversees the strategy and growth of Pagaya’s commercial business – including its single-family rental business and its subsidiary Darwin Homes. Before joining Pagaya, Das was CEO of Caliber Home Loans.

Principal 195

Principal Commercial Loans Mortgages 195

GeekEstate

OCTOBER 5, 2022

I’m excited to release Thomvest’s 2022 real estate technology market map, which includes more than 275 companies operating within the residential real estate segment. This market map real estate technology companies operating across every phase of the home purchase value chain.

Technology 119

Technology Marketing Investor Loans 119

Housing Wire

APRIL 28, 2022

First the market is shifting away from refinance transactions towards purchase and commercial transactions, which is where we have a greater market share. Second, we are the only title company that has a bank which will enable us to capitalize on higher interest rates to a greater extent than our competitors.”.

Title 368

Title Commercial Closing Loans 368

Housing Wire

JUNE 1, 2021

“Integrating Surefire’s capabilities within the wider Black Knight mortgage technology ecosystem will make it possible for lender clients of all sizes to close more loans and create customers for life.” The post Black Knight continues buying spree, acquires Top of Mind appeared first on HousingWire.

Loan Officer 459

Loan Officer Loans Banks Commercial 459

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

Marketing 387

Marketing Title Closing costs Technology 387

Housing Wire

FEBRUARY 10, 2022

Hayden, who will serve on the GSE’s committees for operations and technology, as well as the committee on risk, started his career as a loan officer and loan purchaser. He was most recently CEO of Hayden Consulting , which advises mortgage banks, commercial banks, thrifts, REITs, and private equity firms.

Loan Officer 416

Loan Officer Finance Loans Banks 416