Housing Wire

NOVEMBER 5, 2024

During an earnings call, executives told analysts that loanDepot is seeking more JVs with builders, real estate brokerages and retail lenders across the country. In August, loanDepot added a first-lien home equity line of credit (HELOC) to its product suite, enabling homeowners without a mortgage to borrow from their home equity.

Purchase and sale agreement 396

Purchase and sale agreement Equity Loan Officer Principal 396

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage.

Mortgages 468

Mortgages Brokerage Loan Officer Lending 468

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. The delisting follows Impac’s failure to adjust its stockholders’ equity levels amid consecutive financial losses. million in stockholder equity.

Equity 383

Equity Brokerage Lending Mortgages 383

Housing Wire

FEBRUARY 1, 2024

Shortly after EasyKnock acquired home equity investment platform Balance Homes , the company appointed former Balance Homes co-founders Judd Schoenholtz and Aaron LaRue as chief revenue officer and chief technology officer, respectively. LaRue, meanwhile, will focus on the expansion of EasyKnock’s technology platform.

Equity 430

Equity Technology Lending Development 430

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings.

Loans 367

Loans Equity Lending Title 367

Housing Wire

JUNE 16, 2022

despite a challenging mortgage market in which real estate brokerages are laying off staff. The Scottsdale, Arizona-based company secured $60 million in equity and $55 million in debt financing, according to a Thursday news release from the firm. Proptech HomeLight raised $115 million in capital and acquired Accept.inc.

Lending 363

Lending Brokerage Equity Finance 363

Housing Wire

AUGUST 20, 2021

Congratulations to all of the entrepreneurs, founders and executives who have survived the onslaught of phone calls, emails and DMs from first-year private equity associates (yeah… we’re looking at you Summit Partners ….). Several of the nations top real estate brokerages as ranked by RealTrends graced Inc.’s 5000 map.”.

Title 476

Title Mortgages Equity Loan Officer 476

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. million premium over Bay Equity’s tangible book value” as of Feb.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

JUNE 14, 2022

Riskier lending habits and borrowing options led to the housing crash 15 years ago, but Black Knight said credit scores for purchase locks have held strong and the average current credit score of 751 for existing mortgage holders is the highest dating back to 2000.

Equity 368

Equity Lending Loans Mortgages 368

Housing Wire

JUNE 30, 2022

Last September, I ran into Dalila Ramos, who now is founder of Love and Tacos Media , but at the time, she served as vice president of diversity and growth at Equity Prime Mortgage. and “How can lenders and brokerages support it?” and “How can lenders and brokerages support it?” were top of mind. were top of mind.

Equity 352

Equity Lending Brokerage Mortgages 352

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

Lending 488

Lending Technology Mortgages MLS 488

Housing Wire

AUGUST 2, 2021

Aslan Home Lending Corporation. JMAC Lending. Synergy One Lending. SVP, Correspondent Lending. Planet Home Lending. Brokerage Operations. Bay Equity Home Loans. VP, Marketing. Finance of America Reverse. Bernadette Kogler. CEO and Co-Founder. Briana Ings. Head of Product and Design. Carrie Gusmus.

Title 418

Title Lending Finance Technology 418

Housing Wire

AUGUST 16, 2024

Additionally, the brokerage noted that the increase in investor activity is being driven by single-family home purchases, which were up 6.7% Supporting this data is a recent report from the Mortgage Bankers Association (MBA), which found that multifamily lending declined 49% to $246 billion in 2023. annually in Q2 2024.

Investor 467

Investor Lending Equity Mortgages 467

Housing Wire

AUGUST 16, 2022

335), Trius Lending Partners (no. Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. MortgageOne (no.

Mortgages 370

Mortgages Lending Investor Loans 370

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Tapping that equity. ” Just a little less vanilla. . ” Just a little less vanilla.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

JANUARY 5, 2021

Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years. billion.

Loan Officer 418

Loan Officer Lending Mortgages Equity 418

Housing Wire

FEBRUARY 3, 2021

Directors Financial Group, American Fidelity Mortgage Services , Pacific Union Financial , Peoples Home Equity , PMAC Lending Services and HomeBridge Financial Services. She most recently worked for Forum Mortgage Bancorp , a regional mortgage brokerage, Illinois state records show.

Mortgages 416

Mortgages Loans Banks Lending 416

Housing Wire

MARCH 15, 2021

of households in current neighborhoods that were once designated undesirable for mortgage lending are non-white, compared with 40.4% of households in current neighborhoods that were labeled desirable for lending. Presented by: Ylopo. Per Redfin, 58.1% “This perpetuates a cycle in which Black families lag financially.”

Lending 380

Lending Design Equity Mortgages 380

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

JULY 18, 2022

And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months. Several large mortgage brokerages see the market-wide volatility as a recruiting tool. Purchase applications are where brokerages really shine in the first place.”.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

FEBRUARY 1, 2024

As a refresher, “redlining” means that no matter the features or amenities that a home provides, if the home is in a neighborhood with Black residents (homeowners or renters), traditional (and more affordable) lending and insurance would be denied — although a few sub-prime options tend to circle these communities like sharks.

Lending 434

Lending Equity Development Loans 434

Housing Wire

AUGUST 21, 2023

5000 list an impressive five times: Total Expert , which offers CRM and data-driven customer engagement solutions, turning customer insights into actions to increase loyalty and drive growth; and FirstClose , a tech solution provider for HELOC and home equity lenders. 658 in the 2023 Inc. Other established names to make the Inc.

Equity 370

Equity Technology Investor Residential 370

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence.

Mortgages 422

Mortgages Closing costs Equity Construction 422

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). This isn’t a new story in mortgage lending or real estate brokerage. Mortgage lending has its problems. Hey Clayton …” and a link.

Technology 391

Technology Brokerage Lending Mortgages 391

Housing Wire

AUGUST 7, 2023

Real estate still relies on a “system” unable to integrate production across the silos of media, brokerage, lending, insurance and trading. The GSE’s $8B profit in 2Q could buy most of the brokerage industry. Geographically aware marketplaces that link listings, lending and liquidity will unlock actionable information.

Lending 368

Lending Loans Technology Brokerage 368

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Housing Wire

JANUARY 13, 2021

In 2017, Guaranteed Rate struck a deal with the largest real estate brokerage conglomerate in the country, Realogy , to form a landmark joint venture. It has paid off in spades: the combined company, Guaranteed Rate Affinity , originated $5 billion in loans during the first half of last year.

Brokerage 414

Brokerage Equity Loans Finance 414

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Bank Home Mortgage and Planet Home Lending declined to comment.

Agents 418

Agents Loan Officer Lending Loans 418

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

Purchase and sale agreement 305

Purchase and sale agreement Brokerage Loan Officer Mortgages 305

Housing Wire

NOVEMBER 16, 2022

For the homebuilders he is representing, Hale said acquiring a mortgage-lending operation is a smart way to take advantage of “low-hanging fruit,” among other drivers for such an acquisition. The plug-and-play and brokerage routes. Hale added that is “why homebuilders want to be in the mortgage business.”. loan officers] in pods.’”.

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

JANUARY 7, 2021

Andy Higginbotham, chief operating officer of Freddie Mac’s Single-Family business, said the partnership with Blend was a natural choice as both companies hone in on consumers demand for a fully digital lending experience. To be considered as a judge, nominees must be mortgage lenders or real estate sales / brokerage professionals.

Mortgages 275

Mortgages Lending Loans Investor 275

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

Equity 98

Equity Loan Officer Lending Loans 98

Housing Wire

FEBRUARY 16, 2021

million in equity financing and $17.5 How this real estate brokerage’s unique model generates more profit for agents. For a well-prepared real estate brokerage, this holds a promising future. Austin-based mortgage tech platform UpEquity raised $25 million in a Series A funding round led by Next Coast Ventures.

Loans 322

Loans Equity Mortgages Development 322

Housing Wire

JUNE 19, 2023

Whether you’re on the brokerage or lending side, offering clients something that aligns with today’s narrative is key. Milestones CEO Dustin Gray emphasizes the importance of investing in relationships and playing the long game in this market.

Technology 345

Technology Mortgages Title Lending 345

BAM Media

MARCH 10, 2025

This move aims to integrate Rockets mortgage lending with Redfins home search and real estate services, making it easier for people to buy and finance homes in one place. The deal, expected to close in Q2 or Q3 2025, will integrate Redfins 50 million monthly visitors with Rockets mortgage and title services to streamline homebuying.

Pre-approval 72

Pre-approval Lending Title Finance 72

RIS Media

FEBRUARY 7, 2022

. “The industry has just come off two years of record levels for the refinancing business,” says Josh Harley, CEO of Fathom Realty, which acquired mortgage company Encompass Lending in 2021. Several lending institutions have already captured headlines in recent months after announcing a significant cut to their employee base. .

Lending 98

Lending Industrial Mortgages Loans 98

Housing Wire

SEPTEMBER 10, 2020

Existing backers FirstMark , Navitas , Accomplice and Juxtapose also participated in the financing, which exactly doubles the New York-based startup’s total equity raised since its September 2017 inception to $138 million. Knock this year shifted into lending ). And in July, it announced its formal launch of Orchard Home Loans.

Title 285

Title Branding Principal Loans 285