Housing Wire

NOVEMBER 7, 2024

Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness. For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones.

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Design Mortgages Lending As-is 482

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Cornerstone Capital Bank was formed following a merger between a nonbank and a traditional depository.

Banks 397

Banks Loan Officer Lending Loans 397

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. Click Here Rene Rodriguez is a best-selling author, keynote speaker, and the CEO of Volentum.

Banks 435

Banks Mortgages Industrial Technology 435

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 Commercial Finance Technology 397

Housing Wire

OCTOBER 17, 2022

Freddie Mac today announced it will include a review of borrowers’ bank account data to identify a history of positive monthly cash-flow activity as part of its loan purchase eligibility assessments, according to a release shared with HousingWire. It also notes that 67% of renters with an existing credit score saw scores increases.

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Banks Loans Industrial Mortgages 482

Housing Wire

DECEMBER 1, 2020

Flagstar Bank and the FinTech Consortium revealed that fintech startups Home Lending Pal , Stavvy and Real Key are the latest initiates to the companies’ ongoing MortgageTech Accelerator program. The post Flagstar Bank to back trio of mortgage-tech startups appeared first on HousingWire. Presented by: Total Expert.

Banks 406

Banks Mortgages Lending Technology 406

Housing Wire

DECEMBER 18, 2024

On Wednesdy Citi launched mortgage.com, a new platform that creates a brand-endorsed, consumer-focused channel to leverage Citi’s brand authority and encourage mortgage or refinance applications for the bank. Enter mortgage.com, which Burgard says is a learning platform to grow the banks presence in the mortgage space.

Marketing 418

Marketing Lending Branding Banks 418

Housing Wire

JANUARY 22, 2025

Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount. SmartSale is designed as an alternative for sellers who are navigating financial challenges or simply seeking greater control, Auction.com explained.

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Proof of funds Equity Technology Banks 370

Housing Wire

JUNE 21, 2024

According to the announcement, this report can be used as evidence that a bank or title company performed identity verification before authorizing a transaction. Qualia Shield also offers a multivariable assessment of wire instructions that examines the bank routing number, account number and account ownership.

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Design Title Banks Closing 448

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

Banks 448

Banks Mortgages Loans Investor 448

Housing Wire

FEBRUARY 8, 2024

To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved in the reverse mortgage business for the first time since the early 2010s. national bank, a large bank [that is considering entering] reverse.

Banks 435

Banks Mortgages Technology Branding 435

Housing Wire

MARCH 14, 2025

DOGE Service that are ostensibly designed to limit or dismantle the Consumer Financial Protection Bureau (CFPB), its former director appeared Friday morning on CNBC to discuss the upheaval while warning consumers about the risks of a diminished bureau. Scrutiny by the CFPB scrutiny gave these companies serious concerns, Chopra said.

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Banks Lending Mortgages Investor 326

Housing Wire

JUNE 2, 2023

based ESSA Bank & Trust over allegations that the company engaged in redlining majority Black and Hispanic communities from access to credit services around the Philadelphia area. When banks engage in redlining, they perpetuate existing patterns of segregation and widen the racial wealth gap in our country.

Banks 321

Banks Lending Loan Officer Loans 321

Housing Wire

DECEMBER 9, 2024

Because of that, more people in the industry have a better understanding of seniors unique challenges, which could necessitate more products designed for them. How do we bridge the semantics and just put it into mortgage banking language to help people understand what we are? That role is an active one, Allen said.

Mortgages 370

Mortgages Lending Banks Industrial 370

Housing Wire

FEBRUARY 6, 2025

Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Deephavens Equity Advantage Closed End Second is a second mortgage designed for one purpose assisting borrowers in borrowing their equity. Bank statement loans Accepting a borrower who doesnt have a traditional 9-5 job can be a challenge for some lenders.

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Loans Mortgages Equity Construction 343

Housing Wire

JANUARY 17, 2025

Mr. Cooper had previously acquired the assets in a deal with Flagstar Bank , which was announced in July and closed in November. It also has a proprietary origination system designed to speed up the funding process. A&Ds goal is to be an industry leader, and this transaction is a big step forward.

Mortgages 370

Mortgages Lending Banks Finance 370

Housing Wire

FEBRUARY 10, 2025

Non-QM Prime is designed to offer “flexible documentation” to borrowers with strong credit profiles. The company designed the platform to help lenders process complex loans with efficiency. ” Cardinal Financial’s non-QM suite will kick off with four loan products.

Loans 343

Loans Finance Investor Mortgages 343

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. Flagstar also offers brokers the opportunity to participate in the Flagstar FLEX monthly webinar series designed to help them better their businesses. Our platform is scalable, and we allow brokers to work with us the way that they choose.

Lending 370

Lending Banks Technology New Construction 370

Housing Wire

APRIL 4, 2025

The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. Other lenders active in the proprietary space include University Bank , Smartfi Home Loans and Nationwide Equities.

Mortgages 349

Mortgages Principal Loans Equity 349

Housing Wire

NOVEMBER 21, 2024

Add a statement mailbox (Cost: $ ) A stylish mailbox adds personality and can reflect the home’s design. Check out our highly-rated recommendation for an easy way to add some flair without breaking the bank. Fresh paint, a unique gate design, or the addition of climbing plants create a welcoming boundary that defines the space.

Design 370

Design Staging As-is Agents 370

Housing Wire

JANUARY 14, 2025

Open bank and trust accounts Next, you’ll need to set up all the necessary business banking accounts and Trust accounts. When we rebranded, we invested in professional design to ensure our messaging stood out. Related article 11 iconic real estate logos + Tips to design (or refine) yours 5.

Brokerage 370

Brokerage Branding Agents Industrial 370

Housing Wire

OCTOBER 28, 2024

In a significant move designed to expand homeownership access, the Federal Home Loan Bank of New York (FHLBNY) announced the adoption of an alternative credit scoring model to boost mortgage credit availability. The wholesale bank will now allow members to pledge mortgage collateral using the VantageScore 4.0

Debt-to-income ratio 448

Debt-to-income ratio Banks Loans Mortgages 448

Housing Wire

APRIL 10, 2024

HomeEquity Bank , the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective June 30. “We for a campaign designed to inform people about bad actors targeting seniors.

Mortgages 459

Mortgages Banks Title Design 459

Housing Wire

JANUARY 10, 2024

HomeEquity Bank , Canada’s leading reverse mortgage lender and a federally regulated bank, recently announced the hiring of former Canadian Broadcasting Corporation (CBC) news anchor Peter Mansbridge to serve as its strategic communications consultant. In a new campaign from HomeEquity Bank launching Jan.

Mortgages 448

Mortgages Banks Marketing Staging 448

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. The entire system has to be designed to inflate the price over time. Remember, the system is designed to keep home prices inflated.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

MARCH 24, 2021

Nicholas Hahn announced as Gateway First Bank’s new chief financial officer. billion community bank in eastern Iowa. His ability to design and execute strategic plans that focus on key business drivers will improve Gateway’s efficiency and enable us to deliver results in a cost-effective way. Nicholas Hahn.

Banks 435

Banks Finance Industrial Design 435

Housing Wire

AUGUST 6, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. and Capital One Bank (USA) N.A. It also was based on the bank’s failure to correct the deficiencies in a timely manner, according to the OCC.

Banks 459

Banks Branding Design Technology 459

Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. Nearly 90% of VA-backed loans are made with no down payment.

Industrial 476

Industrial Fixed-rate mortgage Banks Loans 476

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Bankruptcy 488

Bankruptcy Banks Loan Officer Loans 488

Housing Wire

OCTOBER 10, 2023

Lenders using MeridianLink Consumer loan origination software (LOS) will be able to leverage Blend’s unified platform and consumer banking origination software for a fast onboarding and application process for banking, credit card and loan products, Blend said in a news release on Tuesday.

Lending 435

Lending Banks Technology Loans 435

Housing Wire

MAY 30, 2023

Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. The term TBA is derived from the fact that the MBS that will be delivered to fulfill a TBA trade is not designated at the time the trade is made.

Closing 418

Closing Mortgages Banks Lending 418

Housing Wire

JULY 16, 2024

Financial Services Cloud + Einstein 1 Financial Services Cloud connects and centralizes customer data from core banking, wealth, and loan origination platforms, creating a single, unified view of the customer. This enables personalized engagement using purpose-built automation. Get More Info

Banks 446

Banks Loans Design Sales 446

Housing Wire

SEPTEMBER 10, 2024

And it has more than doubled its customer partner base to include some of the country’s biggest banks, credit unions and mortgage lenders, according to the firm. Polly has increased its locked loan volume by more than 150% this calendar year alone. The fintech has raised more than $75 million in three rounds of funding since its inception.

Mortgages 447

Mortgages Technology Banks Loans 447

Housing Wire

MARCH 1, 2021

Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bank Home Mortgage, Bolstad is responsible for over 4,000 employees, including nearly 1,400 mortgage loan officers. Bank’s Fred Bolstad to speak at Spring Summit appeared first on HousingWire.

Banks 418

Banks Lending Loan Officer Title 418

Housing Wire

MAY 20, 2024

Mortgage capital markets tech firm Polly announced on Monday its API integration with cloud banking provider nCino to enhance the digital mortgage process for lenders. Polly’s API integration with nCino is part of the fintech’s long-term strategy to provide innovation for lenders.

Mortgages 448

Mortgages Loan Officer Technology Banks 448

Housing Wire

FEBRUARY 17, 2025

By aligning your work time with your natural productivity periods, you can bank massive gains in how much work you complete. For that reason, one of the most productive time-blocking techniques can be to designate a certain section of your day to respond to emails, phone calls, and text messages.

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Agents Construction As-is Banks 367

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

Mortgages 448

Mortgages Loan Officer Loans Banks 448