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% The program is only eligible for loans that close through Newrez.

Closing costs 448

Closing costs Loan Officer Closing Loans 448

Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

Closing costs 434

Closing costs Short sale Technology New Construction 434

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

MARCH 9, 2023

We know that closing costs continue to be a barrier for homebuyers – especially among underserved populations and first-time homebuyers,” a Fannie Mae spokesperson wrote in an email. “We One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. trillion in U.S.

Title 418

Title Closing costs Finance Land 418

Housing Wire

MARCH 20, 2024

The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. 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.

Banks 457

Banks Closing costs Lending Equity 457

Housing Wire

FEBRUARY 5, 2021

HW Media CEO Clayton Collins and Scott Happ, president of Secondary Marketing Technologies at Black Knight, discuss Black Knight’s acquisition of Optimal Blue and what the industry can expect from the company’s new Secondary Marketing Technologies division. How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

Loan Officer 448

Loan Officer Loans Closing costs Title 448

Housing Wire

AUGUST 17, 2022

Seller concessions, which are closing costs the seller agrees to pay, are deposited as the lump sum into the buydown account. Staying nimble in a fast-paced market with the right mortgage technology. Advanced product, pricing and eligibility technology creates efficiencies and helps lenders compete in a fast-paced market.

Seller concession 435

Seller concession Mortgages Fixed-rate mortgage Loans 435

Housing Wire

AUGUST 1, 2021

Black Knight is committed to helping all stakeholders involved in a real estate transaction move closer to a secure, paperless closing environment, while shortening the closing timeline to effectively reduce closing costs. The technology is easy to learn, cost-effective, and is fast to implement,” said Gagliano.

Closing 370

Closing Loans Closing costs Technology 370

Housing Wire

AUGUST 14, 2023

One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. Based on those plans, both GSEs are pushing pilot programs promoting the use of attorney opinion letters, reportedly as an alternative to reduce closing costs.”

Title 370

Title Closing costs Finance Land 370

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

Marketing 397

Marketing Title Closing costs Technology 397

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. This comes as no surprise.

Mortgages 370

Mortgages Technology Closing costs Title 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

NOVEMBER 9, 2023

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. The GSEs are actively preparing for the next phase of UCD critical edits, phase four.

Loans 435

Loans Closing costs Mortgages Closing 435

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 375

Closing costs Equity Agents Technology 375

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

MAY 12, 2022

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. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. We’re not cavepeople.

Lending 369

Lending Marketing Pre-qualification Pre-approval 369

Housing Wire

NOVEMBER 13, 2020

And while there is no legal limit on how many times a mortgage may be refinanced, closing costs and interest rate cycles effectively limit the number of times any given homeowner will pursue this option. Consider, too, that the pandemic has given consumers a big push when it comes to expanding their technology comfort zones.

Banks 505

Banks Loans Technology Mortgages 505

Housing Wire

NOVEMBER 30, 2022

The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”. Last summer, Voxtur bought mortgage servicing rights trading platform Blue Water Financial Technologies.

Industrial 370

Industrial Title Lending Technology 370

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018. Further details of the acquisition were not disclosed.

Closing 397

Closing Closing costs Investor Title 397

Housing Wire

JANUARY 7, 2025

To that end, Freddie Mac has led on efforts to help homeowners access the equity in their home without affecting their interest rate, created offerings that help defray downpayment and closing costs, and enhanced our technology to help those with thin credit files qualify for a mortgage.

Equity 392

Equity Closing costs Finance Technology 392

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

AUGUST 21, 2023

LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. Homelight , a platform for homebuyers and sellers, was No.

Equity 370

Equity Technology Investor Residential 370

Housing Wire

OCTOBER 19, 2021

The underlying dynamics, timing and skill sets required to support purchase transactions are much more complex than a refinance, in which the primary focus is on the interest rate and associated closing costs.

Technology 397

Technology Closing costs Lending Mortgages 397

Housing Wire

FEBRUARY 10, 2022

In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances. Freddie Mac CEO Michael DeVito gave an update on progress for Freddie Mac’s on-time rental payment initiative.

Loan Officer 418

Loan Officer Finance Loans Banks 418

Housing Wire

OCTOBER 13, 2022

One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. Based on those plans, both GSEs are pushing pilot programs promoting the use of attorney opinion letters, reportedly as an alternative to reduce closing costs.”.

Title 411

Title Closing costs Title search Closing 411

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 Affordable Housing Program (AHP) requires that each of the 11 FHLBanks in America contributes 10% of the preceding year’s net income to the purchase, construction, or rehabilitation of homes.

Banks 370

Banks Loans Equity Development 370

RIS Media

MAY 9, 2022

The national average closing costs for a single-family property refinance in 2021, excluding any type of recordation or other specialty tax, was $2,375, according to CoreLogic’s ClosingCorp second annual Refinance Closing Cost report for 2021 released last week.

Closing costs 98

Closing costs Closing Loans Title 98

Housing Wire

NOVEMBER 8, 2022

LodeStar helps in managing lender margin compression and third-party closing cost management for mortgage originators, as well as TILA-RESPA Integrated Disclosure Rule (TRID) compliance.

Closing costs 370

Closing costs Title Lending Loans 370

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 369

FHA loan Renovation Equity Loans 369

Housing Wire

JUNE 11, 2024

Anytime you’re asked to do more with less, it’s going to create some level of strain, but I think for those that already had technology like ACES in place to automate QC sampling, reviews and reporting, the change was less of a burden than it might otherwise have been HW: QC and compliance often go hand in hand.

Loans 443

Loans Lending Mortgages Closing costs 443

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

MAY 14, 2024

We first used the word “junk fees” two years ago in a letter to the CFPB to characterize the click fees that ICE Technology Partners routinely charges our lender members (and ultimately the borrower) – just to access the data from the same vendors our lenders retain! While some criticized this announcement, CHLA applauded it.

FHA loan 429

FHA loan Loans Title Banks 429

Housing Wire

APRIL 3, 2024

Per the lawsuit, these actions led to a typical borrower paying $865 more in closing costs for a UWM loan in 2023 than for the median wholesale lender, or more than four times the difference in 2020. Your technology has to be fantastic every day. And even those offerings generally do not convert into actual savings for clients.”

Loans 482

Loans Loan Officer Mortgages Closing costs 482

Housing Wire

SEPTEMBER 16, 2020

as a $400,000 loan including cash out, they get a… quarter of a point, or $1000 credit toward their closing costs. You’ve got to build your own technology and we have our own technology that does a lot of work for us. If they’re working with a broker that charges 1.5 It’s just your own process.

Mortgages 488

Mortgages Marketing Title Loans 488

Housing Wire

FEBRUARY 23, 2023

QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters. The company was featured in HousingWire’s Tech 100 in 2022. Its other products include QuickQual , which is used by lenders in 42 states.

Pre-approval 383

Pre-approval Loans Closing costs Branding 383

Housing Wire

FEBRUARY 22, 2024

SW: Looking at the mortgage space, what are some of the challenges when it comes to technology? And it seems like with technology , even when times are good, a lot of companies aren’t interested because there’s so much money to be made. But a lot of these trusted systems run on distributed ledger technology.

Technology 344

Technology Banks Mortgages As-is 344