Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Staying nimble in a fast-paced market with the right mortgage technology.

Seller concession 435

Seller concession Mortgages Fixed-rate mortgage Loans 435

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgages 370

Mortgages Technology Closing costs Title 370

Housing Wire

SEPTEMBER 16, 2020

A well-qualified buyer these days can find a mortgage at historically low interest rates. But that’s not good enough for United Wholesale Mortgage CEO Mat Ishbia. So if the numbers work for them and they want the lowest rate , they can do that and the mortgage brokers can figure out what works for them and get that deal for them.

Mortgages 488

Mortgages Marketing Title Loans 488

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. They will also be offered closing cost credits of up to 0.5% billion in 2023, per data from Inside Mortgage Finance.

Closing costs 448

Closing costs Loan Officer Closing Loans 448

Housing Wire

OCTOBER 22, 2024

Mortgage technology company Uplist has launched what it says is a killer new tool that will help loan officers automatically generate refinance options for their clients. The tool also does modeling of potential savings for homeowners by analyzing various interest rates , closing costs and repayment options. ”

Loan Officer 435

Loan Officer Loans Technology Closing costs 435

Housing Wire

FEBRUARY 5, 2021

Fresh off its acquisition of Stearns , Guaranteed Rate has picked up Owning Corporation , a direct-to-consumer mortgage lender. Like virtually all residential mortgage lenders, Chicago-based Guaranteed Rate had its best-ever year in 2020, originating about $73 billion in mortgages. Presented by: Black Knight.

Loan Officer 448

Loan Officer Loans Closing costs Title 448

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 459

Banks Closing costs Lending Equity 459

Housing Wire

NOVEMBER 9, 2023

Fannie Mae and Freddie Mac jointly announced this week that they have entered a new critical edit phase for their Uniform Closing Dataset (UCD) as of Nov. An implementation guide released in May 2022 shows that phase three deals with information related to loan costs; other costs; total closing costs; and lender credits.

Loans 435

Loans Closing costs Mortgages Closing 435

Housing Wire

NOVEMBER 13, 2020

Consumers are ready — and they’re waiting on mortgage to catch up. While mortgages make up the lion’s share of consumer debt — nearly 72% of it, according to the Fed — they’re among the rarest financial transactions in a consumer’s life. There’s no doubt that mortgage data is among the most valuable in the world.

Banks 505

Banks Loans Technology Mortgages 505

Housing Wire

MARCH 9, 2023

The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico. residential real estate mortgages, would not confirm nor deny the rumors. “We Fannie Mae, which currently backs almost $4.1 trillion in U.S.

Title 418

Title Closing costs Finance Land 418

Housing Wire

NOVEMBER 30, 2022

Each year, the TECH100 awards recognize the 200 most influential tech companies in mortgage and real estate that are working to improve the housing industry through tech innovation. The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”.

Industrial 370

Industrial Title Lending Technology 370

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

Housing Wire

DECEMBER 26, 2022

At many title firms, the slowdown in homebuyer demand, due to rising mortgage rates and higher home prices, meant a decrease in order volumes. On top of slowing purchase order volume, rising mortgage rates also decimated refinance orders. What happened to the market?’”.

Title 505

Title Industrial Closing costs Closing 505

Housing Wire

AUGUST 14, 2023

Fannie Mae is no longer considering a pilot program that would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie, according to an announcement earlier this month. During the first quarter of 2023, title insurers brought in $3.37

Title 370

Title Closing costs Finance Land 370

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What’s the difference between a home inspection and an appraisal?

Inspection 459

Inspection Closing Closing costs Title search 459

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. Another development in the focus on first-time homebuyers is CFPB’s recent announcement that it was going after junk fees and other non-competitive practices in the mortgage loan process.

FHA loan 449

FHA loan Loans Title Banks 449

Housing Wire

JUNE 11, 2024

While our quarterly Mortgage QC Trends Report did observe two quarters of extremely high, if not historic, critical defects, those occurred in mid- to late 2022 as the industry was dealing with the operational fallout from the market downturn. How are lenders managing loan quality these days?

Loans 447

Loans Lending Mortgages Closing costs 447

Housing Wire

APRIL 3, 2024

mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.” Escue, Billy R.

Loans 482

Loans Loan Officer Mortgages Closing costs 482

Housing Wire

FEBRUARY 10, 2022

The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. He was most recently CEO of Hayden Consulting , which advises mortgage banks, commercial banks, thrifts, REITs, and private equity firms.

Loan Officer 418

Loan Officer Finance Loans Banks 418

Housing Wire

OCTOBER 19, 2021

trillion in mortgage originations, according to the Mortgage Bankers Association (MBA), as interest rates plunged, and COVID-19 accelerated an ongoing exodus from cities to the suburbs. Last year saw a record-breaking $3.83 HousingWire: How has the shift from a refi to a purchase market changed the dynamics for lenders?

Technology 397

Technology Closing costs Lending Mortgages 397

Housing Wire

NOVEMBER 8, 2022

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform.

Closing costs 370

Closing costs Title Lending Loans 370

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. The closing data company also utilized CoreLogic’s home price data to release its first national refinance closing cost report in 2021, so there’s quite a bit of familiarity between the two firms.

Closing 397

Closing Closing costs Investor Title 397

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. The past year hasn’t been particularly good for tech or housing. The company was No.

Equity 370

Equity Technology Investor Residential 370

Housing Wire

DECEMBER 12, 2024

Editor in Chief Sarah Wheeler sat down with Jeff Bell, president of both UpWell Mortgage and software company Uplist , to talk about how he thinks about technology, and the good news that the industry is turning a corner after two rough years. Sarah Wheeler: How does being an originator inform how you think about technology?

Loan Officer 370

Loan Officer Loans Technology Mortgages 370

Housing Wire

OCTOBER 21, 2021

The resources help families with 80% or less of the area median income for down payments or closing costs, for example. The Federal Home Loan Bank System was created in 1932 by the Federal Home Loan Bank Act as a government-sponsored enterprise to support mortgage lending. In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

MAY 23, 2022

Technology equals efficiency. A lot of lenders haven’t spent much money on technology for home equity processes. They’re still using legacy in-house technology for their loan origination system and their processes simply aren’t efficient. That way, they can control their own closing timeline.

Equity 397

Equity Title Technology Loans 397

Housing Wire

JUNE 9, 2022

For government loans, such as a Fannie Mae Homestyle Renovation loan, first-time buyers can qualify with a down payment as low as 3%, but renovation costs are limited to 75% of the home’s after-repair value, and borrowers must pay higher fees and closing costs than they would on other types of mortgage loans.

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

OCTOBER 13, 2022

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference. “The

Title 416

Title Closing costs Title search Closing 416

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. Its other products include QuickQual , which is used by lenders in 42 states.

Pre-approval 393

Pre-approval Loans Closing costs Branding 393

Housing Wire

MAY 5, 2023

HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments. Last month, Black Knight’s Optimal Blue released a product comparison feature in the company’s cloud-based Loansifter PPE engine for mortgage brokers.

Investor 397

Investor Finance MLS Closing costs 397

Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

Lending 396

Lending Banks Loan Officer Loans 396

Housing Wire

FEBRUARY 23, 2023

The title industry led the way in collaborating with industry partners to expand access to digital closings through remote online notarization (RON), which has helped tens of thousands of homebuyers complete their real estate and mortgage transactions safely and securely through the innovative use of technology solutions.

Title 476

Title Industrial Purchase and sale agreement Title search 476

Housing Wire

MARCH 22, 2023

An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. Often left to the last minute, insurance can push a buyer’s monthly payment beyond their limit.

Debt-to-income ratio 435

Debt-to-income ratio Closing Loans Closing costs 435

Housing Wire

FEBRUARY 22, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Cave , former deputy director at the FHFA where he ran their FinTech Office, to talk about where mortgage tech is falling short, and what the government should do to help. SW: Looking at the mortgage space, what are some of the challenges when it comes to technology?

Technology 345

Technology Banks Mortgages As-is 345

BAM Media

DECEMBER 19, 2024

With home prices expected to rise, mortgage rates still in flux, and buyers and sellers split on key market dynamics, next year is shaping up to be anything but predictable. Forty-two percent of them say mortgage rates could delay their plans, while 41% worried they might not qualify for a mortgage, regardless of the rates.

Marketing 98

Marketing Closing costs Inspection Agents 98

Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. So yes, we’re toward the bottom in that,” Bob Walters, CEO at Rocket Mortgage and president and COO at Rocket Companies , said. You may get a mortgage once every 10 years.

Marketing 370

Marketing Banks Mortgages Industrial 370

Housing Wire

MARCH 20, 2024

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. With the advancements in technology, finding homes online has become easy and straightforward. For these buyers, every dollar matters.

Debt-to-income ratio 497

Debt-to-income ratio Agents Equity Closing costs 497