Housing Wire

JANUARY 22, 2025

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. Auction.com has long been a leading platform for bank-owned (REO) and foreclosure sales to real estate investors and others seeking a discount.

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Proof of funds Equity Technology Banks 370

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. “With this technology , we’re going to be able to flip the script.

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Loans Mortgages Loan Officer Technology 370

Housing Wire

AUGUST 14, 2024

Executives at Swiss bank UBS said on Wednesday that they’ve struck a deal to sell Credit Suisse ’s U.S. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. servicing business, expected to close in the first quarter of 2025, benefits the bank by reducing costs and lowering risk for its balance sheet.

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Housing Wire

SEPTEMBER 21, 2022

Cincinnati-based Fifth Third Bank NA, part of Fifth Third Bancorp, a regional lender with some $207 billion in assets, has launched a new warehouse-financing arm that will serve independent mortgage bankers. decline from the first quarter, and a 9% decline from a year ago, according to Inside Mortgage Finance.

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Housing Wire

OCTOBER 31, 2023

HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology , about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. What do you think the disconnect is there, and do you see this changing in the future?

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Technology Loan Officer Loans Banks 459

Housing Wire

JANUARY 11, 2023

In its 3rd year, the HW Finance Leaders award is celebrating the industry’s top finance executives who have muscled through another unprecedented year in housing and helped their organizations come out on top. So what does it take to be among the HW Finance Leaders? Click here before the January 27th deadline!

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Housing Wire

DECEMBER 5, 2023

When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This helps attract ongoing investment capital into the housing sector.

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Technology Mortgages Loans Investor 459

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

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Banks Commercial Finance Technology 397

Housing Wire

MARCH 6, 2025

Real credited its technology offerings and business model for the explosive growth in agents. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 Real CEO Tamir Poleg also provided an update on the companys technology offerings.

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Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

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Residential Lending Banks Mortgages 497

Housing Wire

SEPTEMBER 28, 2022

On Tuesday, the fintech and PNC Bank announced a partnership that allows customers to digitally apply for a mortgage and import bank/payroll information directly into their application. PNC mortgage loan officers can also collaborate real-time with customers through their online portal, the bank said. PNC Mortgage originated $9.88

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Banks Loan Officer Technology Title 369

Housing Wire

FEBRUARY 10, 2025

“With advanced technology , a broad product lineup, and a commitment to broker success, Cardinal Financial Wholesale provides the tools brokers need to excel.” Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products.

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Loans Finance Investor Mortgages 341

Housing Wire

FEBRUARY 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

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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. according to Inside Mortgage Finance.

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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 435

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

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Housing Wire

OCTOBER 5, 2023

AI and data-led fintech company Pagaya Technologies named Sanjiv Das as president. He has also held senior roles at Morgan Stanley , American Express and Bank of America. Pagaya also offers personal loans, auto loans, credit cards and point-of-sale (POS) financing. The firm has been in the real estate business since 2020.

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Technology Loans Lending Residential 435

Housing Wire

DECEMBER 4, 2024

“As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.” . “I am excited to join Rate at such a pivotal time for the mortgage industry,” Lindsay said.

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Lending Mortgages Loan Officer Loans 397

Housing Wire

APRIL 1, 2024

Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

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Equity Finance Purchase and sale agreement Investor 468

Housing Wire

OCTOBER 10, 2024

Data from ICE Mortgage Technology found that tappable home equity — the amount that a homeowner can draw from while keeping a 20% equity stake — rose to a record $17.6 Keynova Group recently surveyed 12 large banks and nonbanks about their home equity lending capabilities. trillion at the midpoint of the year.

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Renovation Equity Lending Banks 476

Housing Wire

APRIL 20, 2021

The public response to the recent Federal Housing Finance Agency (FHFA) Request for Information on appraisal-related issues was significant, with 164 unique written comments. These entities make many other comments about technology, workforce options, modernization and the need for change. ” The Value of the Human Appraiser.

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Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. bank account is also created to help the investor manage the property remotely, including through fast currency exchange capabilities.

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Finance Investor Banks Residential 448

Housing Wire

FEBRUARY 27, 2025

Brokers that are equipped with Acra Lendings non-qm products, technology, and team can serve borrowers where traditional lenders simply cannot. How Acra Lending sets itself apart in the non-QM market When describing how Acra Lending sets itself in the non-QM lending space, three words come to mind: people, processes, and technology.

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Lending Technology Loans Mortgages 304

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.

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Banks Mortgages Loans Loan Officer 370

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 It’s the first time that we’re now sharing free cash flow targets.

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Banks Mortgages Loans Investor 448

Housing Wire

FEBRUARY 19, 2025

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate.

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Loan Officer Lending Loans Technology 344

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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Technology Mortgages Loans Industrial 418

Housing Wire

JULY 31, 2023

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

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Banks Mortgages Commercial Lending 370

Housing Wire

FEBRUARY 16, 2021

As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. From a consumer’s perspective, the idea that we wouldn’t be able to connect our bank accounts and financial records in an app is already perceived as archaic. #3

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Mortgages Banks Loan Officer Technology 534

Housing Wire

APRIL 10, 2024

The FDIC supervises approximately 3,000 state-chartered banks and thrifts not members of the Federal Reserve System. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value.

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Banks Brokerage Mortgages Loans 448

Housing Wire

DECEMBER 9, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)s dedicated reverse mortgage development workgroup is targeting January 2025 as the release window for a series of uniform technology standards. How do we bridge the semantics and just put it into mortgage banking language to help people understand what we are?

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Mortgages Lending Banks Industrial 370

Housing Wire

JULY 25, 2023

F2 Finance wants to scoop up a share of a “fragmented” fix-and-flip market as a lack of housing inventory sharply limits transactions. just to give an idea of how fragmented it is in terms of the lender,” Christian Faes, founder of F2 Finance, said in an interview with HousingWire. LendInvest has more than $4.7 billion (£3.7

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Finance Marketing Lending Loans 370

Housing Wire

MAY 16, 2024

Digital closing provider Snapdocs is partnering with real estate technology provider SitusAMC to integrate the Snapdocs eVault to SitusAMC’s ProMerit platform, a warehouse lending technology tool, the companies announced on Thursday. Flagstar Bank recently announced its exit from the warehouse lending space.

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Lending Banks Technology Finance 457

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 482

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 435

Housing Wire

NOVEMBER 19, 2024

JR: There’s obviously a complex set of issues for housing development — where to build, NIMBYism , how do you finance it, how do you get an ROI? We have a coalition we’re harnessing right now — banks, lenders, insurers, building developers, technology companies — with the goal to reduce that 1.6 million deficit of homes.

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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 539