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? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. CRE firms are also suffering through the highest interest rates seen in years.

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Commercial Brokerage Due diligence Title 448

Housing Wire

JULY 12, 2023

BlackFin Group announced on Wednesday the appointment of Christopher Call as the principal consultant on the BlackFin Group Professional Services team. Founded in 2019, BlackFin Group is a management consulting firm specializing in strategic guidance, operational expertise, and innovative solutions for the banking and mortgage industries.

Principal 369

Principal Technology Banks Mortgages 369

Housing Wire

DECEMBER 15, 2021

According to Ledn, if Bitcoin prices drop, the client needs to deposit more collateral or pay down some of the principal. Some banks, lenders, and fintechs are testing the technology, but the lack of regulatory clarity and fears of volatility have kept these currencies from becoming fully integrated into products and services. .

Mortgages 448

Mortgages Lending Banks Investor 448

Housing Wire

MAY 23, 2024

” Knag has an extensive resume, having served in several financial leadership roles in the media, telecommunications, technology and finance sectors. He began his career in investment banking, going on to work for Lehman Brothers and First Albany Corp. million, although it narrowed its net loss by 71% to $17.5 million.

Principal 447

Principal Finance Banks Technology 447

Housing Wire

MARCH 5, 2024

A mortgage industry veteran, Vas has served since October 2023 as the president of tech company Pagaya Technologies Ltd., a KKR -owned company; Citibank ’s mortgage division; Morgan Stanley ; American Express ; and Bank of America. Kasnet, chairman of Two Harbors, said in a statement.

Principal 446

Principal Commercial Loans Mortgages 446

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. It’s this same willpower, steadfastness and determination to push through adversity that defines this year’s winners.

Principal 432

Principal Banks Finance Technology 432

Housing Wire

MAY 19, 2025

Independent Mortgage Banks (IMBs) dominate the origination sector, accounting for over 80% of all new mortgages. The IMB or bank will aggregate a portfolio for several months and then sell their mortgage servicing rights to an MSR REIT, and the cash flows exchange hands again. That is a significant mismatch.

Mortgages 249

Mortgages Investor Loans Banks 249

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.

Technology 476

Technology Title Development Lending 476

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. Prior to joining LauraMac, he served as a principal at LauraMac’s parent company Calterra Capital, where he continues to be an executive advisor to personal holdings. where he will continue to serve in this role.

Loans 396

Loans Technology Principal Development 396

Housing Wire

JULY 1, 2024

Devon Bevis Senior Vice President Correspondent & Co-Issue Sales Mr. Cooper Dionna Hall Chief Executive Officer Broward, Palm Beaches & St.

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

JANUARY 5, 2022

So is the 24-month refinance market, the biggest of its kind in all of mortgage banking history. Think technology and service providers, too — a smaller mortgage market affects everyone. Only people, NOT TECHNOLOGY — can fill the knowledge gap. Dan Green is Principal at The BlackFin Group. All good things must end.

Industrial 476

Industrial Mortgages Principal Technology 476

Housing Wire

FEBRUARY 13, 2023

I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. among others. among others. million security backed by non-QM mortgages.

Mortgages 397

Mortgages Principal Banks Equity 397

Housing Wire

AUGUST 14, 2020

Ivanoski has 17 years of experience in the financial services industry, including time at State Street Corporation and Santander Bank. A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology.

Lending 410

Lending Principal Industrial Development 410

Housing Wire

AUGUST 26, 2024

Many independent mortgage banks opted to sell a substantial portion of their MSRs, aiming to free up cash and stay afloat amidst declining origination activity, anticipating future regulatory capital requirements or simply lacking interest in maintaining these assets. trillion unpaid principal balance (UPB).

Mortgages 459

Mortgages Banks Debt-to-income ratio Loans 459

Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

Equity 415

Equity Lending Technology Principal 415

Housing Wire

AUGUST 4, 2022

Hernandez will be joined by by Faith Schwartz, the CEO and founder of Housing Finance Strategies , a strategic advisory firm that serves banks, mortgage companies, nonprofits and fintech companies. million loans with an unpaid principal balance of more than $1.2 Register for the event here. 4 appeared first on HousingWire.

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Principal Title Banks Industrial 435

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 370

Principal Loans Technology Mortgages 370

Housing Wire

MARCH 25, 2022

In Roseville, where the company has a consumer-direct business and information technology organization, Pennymac will eliminate 81 positions. billion in unpaid principal balance in 2021, up 19% from 2020, its latest earnings report showed. These layoffs were first reported in the Sacramento Business Journal. in 2021, compared to 2.3%

Lending 397

Lending Principal Loans Banks 397

Housing Wire

JANUARY 26, 2022

Lenders across the board felt that they got truly high ROI from these solutions,” said Sam Ryder, principal at LLR Partners. ” The two companies’ technology solutions are already tightly integrated and the relationship between their executives was a bonus to LLR Partners, Ryder said.

Investor 394

Investor Sales Mortgages Loan Officer 394

Housing Wire

AUGUST 26, 2022

HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow of the housing market and what Flagstar is doing to help clients remain at the top of their game during this turbulent time.

Mortgages 370

Mortgages VA loan Loans Technology 370

Housing Wire

JUNE 28, 2023

. “Once data is identified, the system can then run a series of automated comparison checks or rules,” Jennifer Fortier , principal at Stratmor, said. Automated comparison checks can help solve one of the biggest issues in mortgage banking: a lack of trust in data provided by borrowers and lenders. “We

Industrial 418

Industrial Mortgages Principal Loans 418

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. billion in unpaid principal balance (UPB) in 2023, down 9% year over year.

Technology 435

Technology Loans Principal Mortgages 435

Housing Wire

APRIL 19, 2021

Our ability to handle multi-jurisdictional complexity and distribution diversity are our principal strengths, and Qualia fortifies our ability to manage these attributes and positions us to scale our business more rapidly,” said Susan Kenney Cotter, Passport Title chief officer.

Title 356

Title Principal Closing Construction 356

Housing Wire

DECEMBER 13, 2024

The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination. When lenders or their technology providers fail to maintain a high standard of data accuracy, loan buybacks increase.

Pre-approval 370

Pre-approval Investor Loans Technology 370

Housing Wire

MAY 23, 2022

million in the first quarter this year, driven by its servicing portfolio and about $520 billion in unpaid principal balance. The Roseville office laid off 81 positions, while Pasadena lost 24, Agoura Hills lost 19, and Moorpark lost 16. Pennymac reported a pretax income of $234.5 The company announced it was investing $3.9

Loan Officer 418

Loan Officer Loans Principal Mortgages 418

Housing Wire

DECEMBER 5, 2024

The conversation also dives into long-term customer relationships, potential bans on trigger leads and bettering the customer experience with technology. Sanchez transitions the conversation to explore Mr. Cooper’s recent acquisition of Flagstar Bank assets. This conversation has been edited for length and clarity.

Principal 284

Principal Technology Banks Mortgages 284

Housing Wire

JANUARY 13, 2021

As part of its Flood Services business, CoreLogic completes flood zone determinations for banks and mortgage companies to support their compliance with the mandatory purchase requirements. The technology will also need to facilitate quick decisioning, while helping servicers remain complaint. Presented by: CoreLogic.

Mortgages 488

Mortgages Loans Investor Technology 488

Housing Wire

APRIL 27, 2023

Servicing “is a critically important asset and has driven much of the success that we have enjoyed in mortgage banking,” David Spector, chairman and CEO, said in a recorded earnings message. billion in unpaid principal balance (UPB) as of March 31, up 2% from December 31. ” The servicing segment pretax income was $57.4

Principal 370

Principal Banks Loans Mortgages 370

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 The notes were originated by Unlock Technologies, issued by private investment firm Saluda Grade and rated by DBRS Morningstar.

Equity 468

Equity Finance Purchase and sale agreement Investor 468

Housing Wire

MARCH 1, 2023

The Federal Housing Finance Agency (FHFA) issued a request for information in January 2021 focused on Climate and Natural Disaster Risk Management at Fannie Mae , Freddie Mac, and the Federal Home Loan Banks.

Industrial 397

Industrial Banks Loans Design 397

Housing Wire

FEBRUARY 14, 2024

Servicing software APIs simplify in-house servicing Digital technologies can help lenders reduce errors, costs, and processing times, delivering better service. Additionally, borrowers can log into online banking for up-to-date information and to view their statements electronically.

Loans 433

Loans Investor Mortgages Principal 433

Housing Wire

FEBRUARY 9, 2024

trillion of unpaid principal balance (UPB) in mortgage servicing rights (MSR) by the end of March, a target announced in July 2021 when the portfolio was at $650 billion. You have to build and invest in technology. Dallas-based Mr. Cooper is expected to reach $1.1 It ’s a scale business. The key for us is sustainability.

Loans 435

Loans Principal Equity Banks 435

Housing Wire

NOVEMBER 17, 2022

According to Bosley, the top 20 or 25 issuers control most of Ginnie Mae’s servicing, and banks are already not excited about servicing these loans. . ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee.

Marketing 448

Marketing Lending Loans Principal 448

Housing Wire

FEBRUARY 3, 2022

David Spector, Pennymac’s chairman and CEO, said that the results in the fourth quarter reflect a balanced mortgage banking model, “with pretax income from our servicing business exceeding that from our production business.”. In the direct lending channel, origination volume was $59.8 billion, a year-over-year increase of 68%.

Lending 321

Lending Principal Loans Technology 321

Housing Wire

JULY 22, 2022

Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. The bank calls out 16 non-QM lenders in the text message, indicating it is ramping up scrutiny of its loan reviews, prior to advancing warehouse funding.

Lending 397

Lending Banks Bankruptcy Loans 397

Housing Wire

FEBRUARY 10, 2023

trillion in unpaid principal balance (UPB) that needs to be sold in the market. “There’s no mystery about the reason for consolidation pressure is the critical need for scale, technology, operational skills and efficiency.” Cooper expects a cycle-wide opportunity for MSR acquisitions this year. The estimate is for $3.9

Principal 369

Principal Mortgages Lending Equity 369

Housing Wire

JANUARY 7, 2021

Webhooks take automation one step further and deliver up-to-date, relevant details directly to the user,” said Scott Happ, president, Black Knight Secondary Marketing Technologies. Mortgage compliance software provider QuestSoft was acquired by Ncontracts , a Tennessee-based risk management software company, for an undisclosed amount.

Mortgages 356

Mortgages Lending Loans Investor 356