Housing Wire

MAY 8, 2024

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders.

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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. Explore three steps that enable technology to work more efficiently, which helps drive profitability. Presented by: Total Expert.

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Banks Mortgages Lending Technology 313

Housing Wire

JUNE 21, 2024

” According to the announcement released on Tuesday, real estate and mortgage firms can incorporate Identify throughout the consumer experience to verify or reconfirm a person’s identity for any information-sensitive transaction.

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Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Broker Edition is designed to provide an intuitive loan management portal for borrowers while making loan management simpler at an accessible price point.

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Mortgages Loan Officer Loans Banks 419

Housing Wire

SEPTEMBER 23, 2022

Texas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company (AMSC). Thrive’s chief operations officer Selene Kellam , who designed the lender’s operations workflow, will be the chief executive officer starting in 2023.

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Mortgages Loan Officer Banks Loans 370

Housing Wire

MARCH 12, 2024

Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations. Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans.

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Lending Technology Loans Equity 398

Housing Wire

JUNE 30, 2022

In response, many brokers are relying on extra support, and Flagstar Bank offers exactly that. With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market. We’re well-capitalized and committed to mortgage, particularly the broker channel.

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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. million in Q1 and non-GAAP net loss of $45.1

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Lending Banks Technology Loans 382

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Housing Wire

JUNE 7, 2024

Legal and financial troubles are piling up for mortgage fintech lender LoanSnap , with the company having been recently evicted from its headquarters in Southern California. In May 2022, it launched a cloud-based portal, LoanFlow , that gives mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Loan Officer Loans Mortgages Lending 429

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.

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Banks Lending Loans Technology 105

Housing Wire

APRIL 27, 2021

Better, faster, cheaper has long been the promise of technology in the mortgage industry. Some may argue whether today’s technology is that much better than the tools we used in the past, particularly in the servicing business where many still use platforms designed and first built decades ago.

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Mortgages Technology Loans Closing 428

Housing Wire

DECEMBER 6, 2022

million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. The product is currently deployed with early design partner customers via a private beta, and Pylon plans to use the funding for product development and talent recruitment. . Startup Pylon raised $8.5

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Housing Wire

OCTOBER 20, 2020

From the beginning, co-founder and CEO John Paasonen has been clear about digital mortgage platform Maxwell’s mission: to make mortgages simpler and more accessible. Maxwell has grown steadily since 2015, today serving as a technology partner to over 200 community lenders across the country.

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Mortgages Technology Banks Loans 428

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. Jacob is not alone in seeing the potential upside for crypto-mortgages and AI-enabled traditional loans.

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Due diligence Mortgages Equity Loans 474

Housing Wire

OCTOBER 12, 2023

Customer engagement platform Total Expert ‘s customer intelligence and mortgage tech firm Polly ‘s product and pricing engine (PPE) will help California-based lender Mountain West Financial identify lending opportunities from its existing database. billion in generated loan application volume, and $6.7

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Loan Officer Lending Loans Equity 429

Housing Wire

AUGUST 2, 2022

Getting a mortgage is becoming an increasingly digital experience, with lenders and borrowers benefiting from saved time and fewer hiccups. HousingWire: We hear lenders talk a lot about eClosings but what other aspects of the mortgage process have been improved by the digital revolution within the industry?

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Mortgages Title Technology Loans 348

Housing Wire

MAY 21, 2023

Lender Price , a leading provider of mortgage loan product and pricing technology, has launched Base Price Solution (BPS), a new pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies. By automating the process, pricing updates save time and reduce the risk of manual errors.

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Banks Technology Design Loans 357

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.

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Land Lending Technology Banks 411

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. Bolstad will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Lisa Patterson, chief originations officer at Homepoint. The post U.S.

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Banks Lending Loan Officer Title 414

Housing Wire

JUNE 2, 2023

Polly , a leading provider of innovative mortgage capital markets technology , recently announced the appointment of industry veteran Cheryl Messner as chief customer officer (CCO). ” With over two decades of mortgage fintech experience, Messner brings a wealth of knowledge to her new position.

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Technology Development Mortgages Industrial 320

Housing Wire

FEBRUARY 10, 2023

Nashville, Tennessee-based mortgage lender Guaranty Home Mortgage Corporation (GHMC) has rolled out its new borrower online application portal, GAssist. The portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. The company had production volume of $148.76

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Loan Officer Lending Technology Mortgages 365

Housing Wire

APRIL 13, 2023

For example, borrowers who are prime and creditworthy but who may not qualify for traditional mortgages, such as the self-employed or those with non-traditional income sources, may benefit from non-QM programs. As a CDFI (Community Development Financial Institution) — a designation given by the U.S.

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Lending Marketing Banks Investor 379

Housing Wire

SEPTEMBER 11, 2023

HousingWire recently spoke with Michael Chew, SVP of Fulfillment, Asset/Rental Management at Consolidated Analytics , about REO assets, the economic factors influencing the increase in REO acquisitions and how technology can help with REO asset management. HW: What role can technology and analytics play in the REO asset management space?

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Technology Loans Design Sales 419

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. Homeownership is used far too often as the federal piggy bank. The Community Home Lenders of America (CHLA) applauds these initiatives. The American homebuyer needs help.

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FHA loan Loans Title Mortgages 349

Housing Wire

JULY 13, 2023

Chacón brings with her over a decade of leadership experience in product management and technology to her new role. At her new company, her primary goal will be to optimize the utilization and adoption of Argyle’s products across various sectors, including mortgage, lending, banking, and background checks.

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Technology Lending Banks Industrial 331

Housing Wire

AUGUST 10, 2023

Mortgage tech firm Blend Labs narrowed its financial losses in the second quarter on the strength of its platform business as well as cost-cutting measures. Blend, whose white-label software processes billions in mortgage transactions for lenders, reaffirmed its goal of reaching profitability by 2024. million in Q1 and $45.1

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Banks Title Mortgages Loans 343

Housing Wire

SEPTEMBER 1, 2021

CU Direct ’s Origence , which provides mortgage loan tech to lenders, has laid off nearly three dozen workers. 17, in multiple departments, as it continues to “build efficiency in its technology operations.”. In 2019, Origence launched its “end-to-end” mortgage lending platform.

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Lending Technology Banks Loans 379

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Equity Purchase and sale agreement Marketing Lending 429

Housing Wire

MARCH 5, 2024

This is according to the results of a survey conducted by market research firm Ipsos and HomeEquity Bank — Canada ’s leading reverse mortgage lender — that focuses on members of the baby-boomer generation who reside in that country. “In To get a better idea of the situation in the U.S.,

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Banks Finance Technology Design 415

Housing Wire

DECEMBER 30, 2022

Chris Mozilo: While I’ve spent most of my 30-year career working at large firms, the most I ever learned in the mortgage business was the five years I worked at a small independent mortgage banker. At a small mortgage banker, leadership has to know all aspects of lending. in mortgage banking.

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Lending Design Mortgages Technology 407

Housing Wire

OCTOBER 2, 2023

Mortgage tech company Xactus announced that its valuation solution Appraisal Firewall X has met federal requirements and is capable of fulfilling Fannie Mae property data collection orders. ” Fannie Mae’s program is part of its ongoing efforts to modernize the valuation component of the mortgage industry. .”

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Banks Inspection Mortgages Design 410

Housing Wire

MARCH 18, 2021

Mortgage rates have increased roughly 50 basis points in the first few months of 2021, in no small part due to fears that inflation will rear its ugly head as the economy rebounds. But the Federal Reserve is staying the course, maintaining the low-rate environment that gave rise to the best year for the mortgage industry in history.

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Industrial Mortgages Banks As-is 412

Housing Wire

MAY 16, 2023

” At that time, historically low rates spurred the mortgage market to $4 trillion in volume — and the perception among the rank-and-file was that Home Point Capital ‘s wholesale lending business Homepoint was a great place to work. We all watched the live stream from Times Square. “Homepoint was fantastic.

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Mortgages Loans Lending Equity 401

Housing Wire

JUNE 17, 2022

I am about to say something in 2022 that no one in software design and process management would say. Do loan officers need more technology than they currently have? Will new technology change anything? All mortgage companies have some software package that does the above, and it all worked during the the refi boom.

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Loan Officer Loans Technology Banks 385

Housing Wire

AUGUST 9, 2022

Black Knight ‘s Optimal Blue product, pricing and eligibility (PPE) engine added a location-based pricing feature amid a slowdown in the mortgage market. Optimal Blue’s expanded functionality in its PPE follows a new feature rolled out for brokers and comes amid a drop in mortgage loan origination volume.

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Investor Technology Mortgages Loans 370

Housing Wire

JUNE 12, 2024

The FinLocker app includes a “personalized suite of tools“ designed to help consumers improve their financial health, the company explained in its announcement. This is accomplished through higher credit scores and a greater ability to save for down payments, ultimately positioning people to more easily qualify for a mortgage.

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Equity Banks Mortgages Closing 382