Housing Wire

FEBRUARY 24, 2025

Cooper won’t be onboarding as many Flagstar Bank employees as initially projected in its $1.4 billion deal to acquire the depository bank’s residential mortgage servicing operations. trillion in its servicing portfolio and has made big upgrades in technology to help recapture loans. It now has north of $1.5

Banks 362

Banks Residential Mortgages Technology 362

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., First Federal Bank has 25 branches in the Southeast and operations in the Midwest, including mortgage centers in Jacksonville, Florida ; Alpharetta, Georgia; Madison, Wisconsin; and Overland Park , Kansas.

Banks 448

Banks Mortgages Loan Officer Loans 448

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%).

Residential 497

Residential Lending Banks Mortgages 497

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. Figure and the banks declined to comment. JP Morgan Chase & Co. for the IPO.

Lending 459

Lending Banks Equity Technology 459

Housing Wire

FEBRUARY 3, 2025

Now in its 13th year, the Tech100 program serves as a trusted resource for housing professionals, providing a definitive list of the industrys top technology providers. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day. Check out the full list of this years honorees below.

Mortgages 417

Mortgages Title Lending Loans 417

Housing Wire

JANUARY 13, 2025

He currently serves as an executive chairman for servicing technology company Sagent , a role he will maintain after the transition. The University of Florida alum also has chairman and executive leadership experience with companies like Tax Guard , Capital Bank , Ally Financial , Fifth Third Bank and Bank of America.

Banks 370

Banks Title Technology Industrial 370

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 ensures their bundle retains its credit rating and market value.

Technology 459

Technology Mortgages Loans Investor 459

Housing Wire

OCTOBER 9, 2024

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.

FHA loan 459

FHA loan Loans Technology Loan Officer 459

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. servicing business, expected to close in the first quarter of 2025, benefits the bank by reducing costs and lowering risk for its balance sheet. billion), and 26,500 agency and owned loans ($4.4 servicing business.

Banks 435

Banks Closing Principal Residential 435

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.

Renovation 476

Renovation Equity Lending Banks 476

Housing Wire

FEBRUARY 4, 2025

In addition, we expect to evaluate opportunities relating to digital infrastructure, including opportunities at the convergence of infrastructure and technology. A year prior, it acquired Sculptor Capital Management , along with Computershare Mortgage Services and Specialized Loan Servicing (SLS). ”

Commercial 401

Commercial Residential Loans Banks 401

Housing Wire

JANUARY 20, 2025

of loans processed in Q4 2024 had issues that lead to wire fraud risks. Previously, ONeill said cybercriminals would specialize in certain parts of the crime or in certain technologies. Now, however, ONeill says AI has made it where cybercriminals dont really need any level of technological proficiency.

Title 397

Title Technology Industrial Banks 397

Housing Wire

MARCH 13, 2025

Vice Capital Markets , a mortgage hedge advisory firm for independent lenders, banks and credit unions, announced Thursday that it is the first to integrate Fannie Mae s new loan pricing application programming interface (API) into its trading portal.

Loans 207

Loans Marketing Banks Mortgages 207

Housing Wire

JANUARY 22, 2024

He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.

Technology 447

Technology Mortgages Loan Officer Loans 447

Housing Wire

DECEMBER 13, 2023

Verifications provider Argyle announced an integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower loan origination system (LOS) from Dark Matter Technologies. The mortgage tech company has made a series of integrations with lenders in the past few months.

Technology 435

Technology Loans Banks Mortgages 435

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. Sandra Madigan: I would start by saying that there is no true fully digital experience.

Technology 459

Technology Loan Officer Loans Banks 459

Housing Wire

DECEMBER 12, 2022

I , a blank check company affiliated with fintech Figure Technologies , plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution. Figure Technologies raised $1.6 Figure Acquisition Corp.

Banks 435

Banks Mortgages Due diligence Technology 435

Housing Wire

FEBRUARY 2, 2023

Dallas-based mortgage servicing software provider OrangeGrid announced on Thursday that Flagstar Bank has implemented its mortgage servicing software to “manage its loss mitigation processes and enhance internal efficiencies.” billion in loans following the acquisition. billion last December. It added $25.8

Banks 83

Banks Mortgages Loans Lending 83

Housing Wire

MARCH 6, 2025

Real credited its technology offerings and business model for the explosive growth in agents. It started 2024 with 18 loan officers and finished the year with about 90. Real CEO Tamir Poleg also provided an update on the companys technology offerings. Real also added head count to its nascent mortgage business.

Brokerage 370

Brokerage Agents Loan Officer Technology 370

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.” Most recently, Lindsay served as a mortgage loan officer at U.S. Rate is the second-largest retail mortgage lender in the U.S.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. Western Alliance Bank transformed this model over a decade ago.

Banks 434

Banks Lending Finance Mortgages 434

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. We’re seeing a downward trend in total [loans] repurchased [on a dollar basis], and that’s true for both Fannie and Freddie,” Ludden said. “I

Loans 448

Loans Due diligence Investor Technology 448

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.

Loans 439

Loans Mortgages Lending Branding 439

Housing Wire

APRIL 10, 2024

The FDIC supervises approximately 3,000 state-chartered banks and thrifts not members of the Federal Reserve System. In practice, these rules prohibit giving or accepting a thing of value for referrals of settlement services in federal mortgage loans. Violations identified vary across different stages of the loan process.

Banks 448

Banks Brokerage Mortgages Loans 448

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Homeowners can log into the company’s secure web portal or mobile app to access a full view of their loan and 24/7 self-service options. billion in assets.

Banks 397

Banks Loan Officer Lending Loans 397

Housing Wire

JANUARY 28, 2025

. … The trend over the last few years of banking financing retreating from this sector , I think it opened up a lot more opportunities for BPL lenders to be the at the forefront of the funding solution to residential developers and investment. I think [about] five years ago, banks were still extremely active in the sector.

Residential 364

Residential Lending Finance Banks 364

Housing Wire

OCTOBER 5, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?

Technology 448

Technology Lending Mortgages Industrial 448

Housing Wire

MARCH 30, 2023

Achieving [these] goals will also help encourage community banks to expand their construction-to-permanent mortgage lending activity, especially in small towns and rural markets.”

Construction 397

Construction Loans Banks Lending 397

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.

Lending 286

Lending Technology Loans Mortgages 286

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM. During this crisis, many savings and loans failed, and the federal government stepped in to bail out the industry.

Banks 418

Banks Mortgages Loans Investor 418

Housing Wire

FEBRUARY 10, 2025

The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. “With advanced technology , a broad product lineup, and a commitment to broker success, Cardinal Financial Wholesale provides the tools brokers need to excel.”

Loans 333

Loans Finance Investor Mortgages 333

Housing Wire

FEBRUARY 19, 2025

Denver-based loan originator Chris Franquemont announced on Wednesday his return to Guaranteed Rate as producing branch manager. The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate.

Loan Officer 337

Loan Officer Lending Loans Technology 337

Housing Wire

FEBRUARY 8, 2024

Intercontinental Exchange (ICE) Mortgage Technology reported an improved adjusted operating income of $193 million in the fourth quarter of 2023, up 98% from one year earlier and fueled by record sales of its loan origination system (LOS) Encompass. Full year mortgage technology revenues were $1.3 billion, up from $1.1

Loans 433

Loans Sales Technology Banks 433

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 Blend platform revenue is projected to be around $28.5

Banks 448

Banks Mortgages Loans Investor 448

Housing Wire

NOVEMBER 15, 2024

Should the goal of marketing technology be to make it so that a loan officer never needs to log in? I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved.

Loan Officer 369

Loan Officer Loans Marketing Title 369

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The purchase, which includes the bank’s consumer-direct technology platform, is expected to close in the second quarter of 2023.

Banks 397

Banks Mortgages Loan Officer Residential 397

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.

Technology 418

Technology Mortgages Loans Industrial 418