Housing Wire

JANUARY 26, 2021

Amerant Bank , one of the largest community banks in Florida, announced that it is venturing into the mortgage industry with the formation of Amerant Mortgage. The company said this expansion was a direct response to the state’s growing demand for residential mortgages. The bank will retain the majority ownership of the JV.

Banks 369

Banks Mortgages Residential Technology 369

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. Rithm owns multichannel mortgage lender and servicer Newrez. It has made a slew of acquisitions in the credit and mortgage servicing sectors over the past two years. ”

Commercial 375

Commercial Residential Loans Banks 375

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.

Banks 456

Banks Closing costs Lending Equity 456

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

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. in an all-stock merger valued at $2.6

Banks 397

Banks Branding Commercial Loans 397

Housing Wire

OCTOBER 5, 2023

AI and data-led fintech company Pagaya Technologies named Sanjiv Das as president. Das spent six years as CEO of Caliber Home Loans — a NewRez -owned residential mortgage lending company — until January 2022. He has also held senior roles at Morgan Stanley , American Express and Bank of America.

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Technology Loans Lending Residential 435

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.

Banks 370

Banks Mortgages Loans Loan Officer 370

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.

Banks 370

Banks Mortgages Commercial Lending 370

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. Last year, Built acquired lienwaivers.io , a provider of lien waiver management and payment solutions for commercial and residential construction.

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Technology Closing Construction Commercial 321

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.

Banks 298

Banks Mortgages Technology Residential 298

Housing Wire

JULY 25, 2024

Virginia -based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow ’s mortgage-oriented customer relationship management ( CRM ) product, Nextwave CRM , will be used by its loan originators across the 30 states it operates in.

Mortgages 445

Mortgages Technology Residential Banks 445

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.

Mortgages 435

Mortgages Technology Banks Finance 435

Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Lake did not elaborate, and representatives for the retail bank did not immediately respond to HousingWire’s requests for comment.

Mortgages 468

Mortgages Banks Lending Investor 468

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 also clarifies that the term RTL, or residential transition loan, is synonymous with the fix-and-flip mortgage.

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Lending Banks Loans Residential 459

Housing Wire

SEPTEMBER 24, 2024

Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. Founded in 2016, it connects small-balance residential and commercial mortgage originators with institutional capital. He will report to John Beacham , CEO of Roemanu and Toorak.

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Residential Commercial Finance Loans 431

Housing Wire

MAY 28, 2024

Gwin brings a wealth of experience to the role, having previously held executive positions at American Financial Network , Wachovia Bank , Wells Fargo and Accredited Home Lenders. He replaces Samantha Giuggio , who held the role since January 2022. We look forward to the exciting contributions he will make in his new role.”

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Industrial Title Brokerage Branding 447

Housing Wire

NOVEMBER 8, 2022

Publicly traded lending software firm MeridianLink has acquired OpenClose , a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders. In April, MeridianLink paid roughly $28 million to acquire StreetShares , which provides lending technology to banks and credit unions.

Mortgages 448

Mortgages Lending Technology Banks 448

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 468

Housing Wire

MARCH 15, 2024

Let’s face it: joint ventures (JVs) and affiliated business arrangements (ABAs) are all the rage in the residential real estate space right now. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? CREs need not go it alone.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

MAY 30, 2024

Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. His expertise spans condominium conversion and development, residential sales, buyer representation and commercial transactions. also serves as a trustee at Watertown Savings Bank.

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Brokerage Residential Commercial Development 459

Housing Wire

JANUARY 6, 2023

Although there are an increasing number of high-profile layoffs , particularly in the technology sector and also in the mortgage industry, hiring in other sectors of the economy are more than offsetting these on net. Residential building construction employment increased by 0.3% Residential building is up 8.3%

Marketing 482

Marketing Residential Construction MLS 482

Housing Wire

OCTOBER 30, 2020

Once he takes over as CEO, Floyd said he intends to use his role to help further the adoption of new technology in the title industry. Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development. and as president of SKLD Title Services.

Lending 397

Lending Banks Title Commercial 397

Housing Wire

MARCH 21, 2024

Mike Fratantoni , the chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association (MBA), addressed three major challenges in the housing market during testimony before the U.S. banks in comparison to international standards.

Industrial 436

Industrial Banks Residential Lending 436

Housing Wire

SEPTEMBER 28, 2020

He hired thousands of workers at UWM’s 60-acre headquarters outside Detroit, championed the resurrection of the independent mortgage broker , rolled out a suite of new technologies , had a few dust-ups with hometown rival Quicken Loans (now Rocket), and generally ate the lunch of legacy banks and Wall Street-backed competitors alike.

Technology 435

Technology Residential Banks Mortgages 435

Housing Wire

APRIL 19, 2022

Those new investments include venture capital plays, particularly in the financial-technology arena. Abate described technology as being key to “building efficiencies” to accomplish the real estate investment trust’s goals. Redwood is not backing away from its venture capital pursuits.

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Equity Technology Investor Residential 397

Housing Wire

APRIL 4, 2022

SitusAMC on Monday announced the launch of its Warehouse Administration Services, “a comprehensive suite of technology-enabled turnkey services” that it says will help warehouse lenders reduce costs by as much as 30%, according to a company-issued news release. What are the building blocks of digital lending? Presented by: Wolters Kluwer.

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Lending Technology Commercial Finance 396

Housing Wire

NOVEMBER 11, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. LoanDepot, which has a reputation for investing heavily in technology, was the sixth-largest mortgage lender in 2019 , issuing 146,000 originations. Presented by: Indecomm Global.

Equity 459

Equity Technology Lending Mortgages 459

Housing Wire

JULY 9, 2021

residential real estate market is valued at about $40 trillion in aggregate. Still, the residential real estate ecosystem is complex, even opaque to many. Technology plays a big role. These two questions are at the center of all things residential real estate. In the U.S. A lot is at stake. What is the house worth?

Technology 476

Technology Residential Loan Officer Title 476

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 446

Housing Wire

AUGUST 17, 2021

HousingWire recently sat down for a conversation with Flagstar Bank President of Mortgage Lee Smith and SVP of National Sales for TPO John Gibson to discuss how brokers can continue to maintain momentum even with these changes. HW: How does Flagstar Bank help brokers maintain their business even as the industry continues to evolve?

Banks 435

Banks Loans Technology Finance 435

Housing Wire

MARCH 23, 2021

Residential brokerage Compass took another step toward becoming a publicly traded company Tuesday, declaring it intends to sell common stock at a share price of between $23 and $26. million shares to the investment banks underwriting the initial public offering. The underwriters include Goldman Sachs Co. stock price offering.

Marketing 428

Marketing Brokerage Residential Banks 428

Housing Wire

FEBRUARY 13, 2024

REdistribute provides clean, timely, highly compliant, and accessible listings data, which complements our comprehensive property data solution for banks, portfolio managers, government agencies and others who need access to the best, most up to date information on the housing market.”

MLS 434

MLS Technology Residential Mortgages 434

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA).

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Loan Officer Loans Banks Title 433

Housing Wire

FEBRUARY 17, 2023

Fintech Figure Technologies will partner with NovaWulf Digital Management to provide blockchain technology solutions for a proposed reorganization of troubled crypto lender Celsius. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021. Figure Acquisition Corp.,

Bankruptcy 357

Bankruptcy Equity Technology Lending 357

Housing Wire

DECEMBER 29, 2020

“Mandatory Analytics provides our investor clients with transparency, allowing them to identify where execution efforts are succeeding, where they are losing to the market, and why,” said Scott Happ, president, Black Knight secondary mortgage marketing technologies. The tech solution giving community lenders an advantage.

Mortgages 410

Mortgages Investor Technology Banks 410

Housing Wire

JULY 28, 2022

With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Presented by: ServiceLink.

Banks 369

Banks Technology Lending Loans 369

Housing Wire

APRIL 28, 2021

The parent company of Veritex Community Bank will acquire a 49% stake in Texas-based mortgage lender Thrive Mortgage , the firms announced late Tuesday afternoon. Veritex is one of Texas’ largest banks, with $8.8 billion purchase of Caliber Home Loans , New York Community Bank ‘s pending $2.6 It posted net income of $31.8

Mortgages 370

Mortgages Lending Banks Loans 370