Housing Wire

APRIL 10, 2024

In its March Supervisory Highlights, the FDIC stated that many institutions have developed policies and procedures to ensure sufficient mortgage broker services are provided in order to receive compensation , which was the first of a two-part test.

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Banks Brokerage Mortgages Loans 338

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. Morales: No.

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Banks Mortgages Technology Branding 336

Housing Wire

AUGUST 13, 2020

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in alternative technological payments and projects, according to the release.

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Banks Technology Development Finance 446

Housing Wire

NOVEMBER 19, 2024

Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. NP: You work directly with land developers too. What sort of policies are you helping to develop on their end? This interview has been edited for length and clarity.

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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.

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Banks Mortgages Loans Investor 349

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.

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Housing Wire

AUGUST 7, 2020

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga.

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Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. He added: “We have a tremendous amount of proprietary technology being built.

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Mortgages Technology Banks Finance 361

Housing Wire

AUGUST 28, 2020

Gateway First Bank officially named Scott Gesell CEO and general counsel after serving as CEO on an interim basis since April 3. Before being named CEO, he was chief administrative officer and general counsel for the bank and has also held senior roles at Colorado National Bancorp , American Residential Communities and First Nationwide Bank.

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Banks Mortgages Technology Residential 238

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

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Lending Technology Loans Mortgages 438

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 370

Mortgages Technology Banks Development 370

Housing Wire

JANUARY 22, 2021

UWM’s entrance to the public markets caps a wild six months for independent mortgage banks across America, in which a dozen large or mid-sized mortgage firms revealed plans to go public. The merger injected $925 million into UWM to develop new technology and grow the broker channel, where it holds about 35% marketshare.

Mortgages 520

Mortgages Technology Lending Banks 520

Housing Wire

AUGUST 12, 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. Among its dozens of limited partners are major banks, which are the kinds of customers Blend is servicing, Mayopoulus pointed out. Stay tuned for updates.

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Loans Banks Loan Officer Branding 494

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. Innovation is not always guaranteed to succeed.

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Equity Lending Technology Banks 420

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. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. Presented by: Sagent Lending Technologies.

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Land Lending Technology Banks 351

Housing Wire

JUNE 3, 2024

Mortgage subservicer Dovenmuehle Mortgage announced two promotions within its business development team this week. Anna Krogh was named senior vice president and director of business development, while Chris Torres is the new vice president of business development and manager for the Western region.

Mortgages 350

Mortgages Development Banks Technology 350

Housing Wire

AUGUST 7, 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. Ubitquity , developer of a blockchain-secured platform for real estate and title recordkeeping, has announced a new partnership with Rainier Title.

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Title Technology Branding Banks 481

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 344

Housing Wire

JANUARY 13, 2021

The Federal Reserve is looking into the rise of artificial intelligence and machine learning, and is considering stepping up its oversight of these technologies used by financial institutions. Effective solutions must be purpose-built for mortgages, rather than adapted horizontal technology. Achieving Touchless Mortgage Automation.

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Banks Technology Development Mortgages 415

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

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Lending Banks Loans Residential 441

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.

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Technology Title Development Lending 416

Housing Wire

OCTOBER 5, 2021

Feldman has a banking background, serving as president and CEO of the Federal Home Loan Bank of Chicago from 2008 through 2020 and prior to that as president of Continental Trust Co. — a subsidiary of Continental Bank. “In Presented by: Flagstar Bank. After FHFA leadership change, what’s next for brokers?

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Banks Development Finance Mortgages 462

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. banks and credit unions, where nCino currently has over 1,100 customers.”. appeared first on HousingWire.

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Banks Technology Equity Development 357

Housing Wire

SEPTEMBER 10, 2024

Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. 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.

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Mortgages Technology Banks Loans 318

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. I hadn’t developed a network for mortgage lending with Realtors,” Woodward said about his work at Interfirst in Indiana.

Mortgages 525

Mortgages Marketing Lending Loans 525

Housing Wire

AUGUST 18, 2021

The global pandemic hit our industry like a pair of defibrillator paddles, bringing mortgage industry CFOs to life and sending millions of dollars into new technology investment and implementation. Development of this technology was slow initially compared to other markets, but COVID has accelerated it into high gear.

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Mortgages Technology Loans Lending 409

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators. Financial services firm Consolidated Analytics acquired Real Info, Inc. —

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Due diligence Residential Real-estate owned Lending 403

Housing Wire

JULY 26, 2021

According to FundingShield CEO Ike Suri , part of the issue is that introducing new technologies for automation and further digitization of the closing process can also create new opportunities for cybercriminals. eClosing and other automation technologies continue to grow in adoption and simultaneously open up doors for new fraud schemes.”.

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Title Banks Closing Technology 482

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.

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Lending Technology Loans Equity 338

Housing Wire

JULY 19, 2021

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. ” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S.

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Banks Title Investor Technology 385

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Rapidly advancing technology and data analytics have also revolutionized the commercial real estate landscape, offering scores of new avenues for value creation and risk mitigation.

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Commercial Brokerage Due diligence Title 361

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. In the first week of October, the bank also launched a $1.5 In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

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Banks Loans Equity Finance 309

Housing Wire

DECEMBER 15, 2020

Verisk, headquartered in Jersey City, New Jersey, will add Jornaya’s proprietary technology – which tracks consumer behavior – into its suite of products geared toward insurance and financial services markets. Terms of the deal were not disclosed, and the transaction has not closed yet. . year-to-date.

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Banks Technology Development Loans 457

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.

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Brokerage Residential Commercial Development 385

Housing Wire

DECEMBER 16, 2021

Here’s a look at a lending technology that can help forge a pathway for underserved populations to build generational wealth through homeownership. The Federal Reserve announced on Wednesday it is accelerating the tapering program initiated in November “in light of inflation developments and the further improvement in the labor market.”

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Fixed-rate mortgage Mortgages Lending Banks 495

Housing Wire

OCTOBER 4, 2023

Lending institutions included mortgage banks, depository institutions and credit unions. Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018. Mortgage banks were more likely than depository institutions to cite integration complexity as a serious challenge.

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Lending Technology Banks Mortgages 341

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.

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Lending Technology Banks Loans 328