Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. Servicers must be powered by nimble technology to be heroes to borrowers, stalwarts to investors, and stewards of consumer protection to regulators. Presented by: Sagent Lending Technologies.

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Housing Wire

AUGUST 5, 2021

Fidelity’s total commercial revenue was $347 million, an 89% increase year-over-year driven by a 65% increase in closed orders. Total commercial orders opened also increased 58% year over year. Second quarter refinance orders opened and closed both decreased this quarter — 25% and 5%, respectively, on a daily basis.

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Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. We caught up with Hurst to talk about his new role and why the firm is looking to invest in commercial real estate tech startups and mortgage tech firms. The second area we have been focused on is commercial real estate. As of Sept.

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Housing Wire

JANUARY 27, 2023

Carolyn Monroe, the president of Old Republic’s title insurance segment, attributed the relatively small yearly drop in 2022 to a strong performance by the firm’s commercial title insurance sector. Commercial premiums reported for full year 2022 represented an all-time high for the title group.

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Housing Wire

APRIL 28, 2022

First the market is shifting away from refinance transactions towards purchase and commercial transactions, which is where we have a greater market share. The Guide to Accelerating Closings in 2022. Like other “big four” member Stewart , First American’s commercial title volume and revenue saw big improvement from a year ago.

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Housing Wire

JULY 8, 2021

The transaction is expected to close within a month. Lereta, formerly known as Lenders’ Real Estate Taxes, also offers life-of-loan, basic, and commercial determinations, as well as portfolio reviews. Financial details of the transaction were not disclosed. It has over 4,000 clients, generally smaller lenders from across the U.S.

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Housing Wire

JULY 28, 2022

Eppinger said the firm plans to continue investing in technology and other tools to improve the customer experience. The firm cited a 28% annual decrease in the number of open and closed title orders due to the “elevated interest rate environment,” for the drop in title income. billion, down 9% from the same quarter last year.

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Housing Wire

AUGUST 9, 2024

As the firm looks to the future, executives said they are continuing to focus technological developments. Our investments include internally developed solutions and the deployment of technology through strategic partnerships and alliances. However, despite this uptick the title firm’s pre-tax income fell 6% annual to $33.4 million. “

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Housing Wire

FEBRUARY 10, 2022

Leveraging our proprietary data extraction technology, we are currently maintaining more than 1,600 title plants covering nearly 80% of the U.S. This data is critical as it fuels our operational efficiency initiatives are title automation efforts and our ongoing efforts to digitize the real estate closing experience. population.

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Housing Wire

AUGUST 25, 2022

Closing software provider Qualia has launched Qualia Application Programing Interface (API), according to an announcement on Wednesday. As part of that, we continue to develop technology that helps businesses engineer full end-to-end purchase and refinance experiences.

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Housing Wire

SEPTEMBER 24, 2024

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

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Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

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Housing Wire

JANUARY 29, 2024

Over the next few years, dramatic home price appreciation and the downturn in commercial real estate have the potential to significantly increase residential real estate taxes. At the same time, many observers are predicting a downturn in commercial real estate values. So, servicers may want to monitor these accounts more closely.

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Housing Wire

JUNE 7, 2021

Jason Gordon, AmTrust Title president, said Bozzomo is “ideal” for the role based on his experience with complex commercial transactions — including retail, office and multifamily. Like most in the title and closing industry, underwriters have had to adapt to a post-pandemic housing industry.

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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.

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Housing Wire

MAY 7, 2024

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.”

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Housing Wire

JULY 26, 2021

New entrants continue to join the market with better technology and digital processes to simplify the loan process and provide fast closing experiences to meet consumer needs. In 2019, for example, one national lender reportedly spent $100 million to develop a digital platform that could originate and close transactions in eight days.

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Housing Wire

NOVEMBER 24, 2020

The acquisition was made for $250 million in cash and is expected to close by the end of this year, pending closing conditions and review, according to a release. PROJETO uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet. starting in January.

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Housing Wire

SEPTEMBER 1, 2023

Meanwhile, Spring EQ will be able enhance its platform through further investments in technology, new commercial opportunities and growth-based operational initiatives, the company said. The deal is subject to customary closing conditions and regulatory approvals. accelerates.

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Housing Wire

JUNE 1, 2021

“Integrating Surefire’s capabilities within the wider Black Knight mortgage technology ecosystem will make it possible for lender clients of all sizes to close more loans and create customers for life.” At the time of the acquisition, Black Knight said it planned to eventually offer a 100% digital closing.

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Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. Interfirst purchased refinance leads and sent them to Woodward to close. The work was not complex, he said.

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Housing Wire

APRIL 9, 2024

Similarly, seemingly every element of a real estate transaction demands numerous siloed service providers working simultaneously with technology and data kept in silos. The result is, ultimately, a nearly unwavering 50 days-to-close average across our industry.

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Housing Wire

MARCH 31, 2021

This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer. DataTrace delivers advanced real estate data and title search technology and automated examination and production solutions used by leading title and settlement service companies.

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Housing Wire

FEBRUARY 18, 2022

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” Sometimes there are adverse site conditions for properties, such as busy streets, flood zones, commercial influence, etc.

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Housing Wire

FEBRUARY 10, 2022

Non-commercial domestic title revenue was responsible for $282.3 Commercial domestic revenue came in at $93.1 million due to improved commercial transaction size and volume compared to the prior year quarter. Total direct title revenue grew 24% from a year prior to $423.1 in Q4 of 2020 to 23.3% in Q4 2021.

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Housing Wire

SEPTEMBER 20, 2024

Today, technologies like natural language processing and machine learning have moved from the research lab into something more tangible that commercial enterprises can take advantage of. HousingWire: Will adopting digital lending drive higher mortgage business?

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Housing Wire

JUNE 30, 2022

title insurance industry’s risk-adjusted industry capital declined, however, overall it remained supportive of ratings at the close of 2021. However, as in the first quarter of the year, commercial title orders may help bolster revenue. According to Fitch Ratings Senior Director Gerry Glombicki, the U.S. Presented by: SoftPro.

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Housing Wire

OCTOBER 12, 2023

Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything.

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Housing Wire

JANUARY 22, 2021

If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C.-based That would be impressive, considering CoStar has already spent billions acquiring other firms in recent years, including a $250 million buyout of Homesnap in November and a $190 million deal for Ten-X Commercial in March.

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Housing Wire

MARCH 25, 2021

That’s $213 million of total funding to-date for Notarize, which will funnel the recent round of capital into the company’s digital notarization and identity verification technology. The company also plans to double its staff in the next year, per an official statement. Total revenue grew 600% in 2020, he said.

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Housing Wire

MAY 26, 2023

More often than not, the small firms that become big, or the mid-cap businesses that eventually make a public offering, can explain their growth by using a new technology , business model or even product in a way that not only differentiates them during market turbulence, but positions them for sustainable success when the tide turns.

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Housing Wire

MAY 14, 2021

Ferguson noted that the past 18 months have shown “incredible market demand” for Notarize’s technology, as more of the industry moves online as a direct result of the COVID-19 pandemic. “[Notarize’s] technology has been validated at scale, even among the most sophisticated financial firms,” Ferguson said.

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Housing Wire

OCTOBER 31, 2022

In addition, both non-commercial and commercial title revenue were down, with yearly decreases of 18% and 5%, respectively. The market has shifted away from refinance towards purchase and commercial transactions, which is where we are stronger. The firm’s title segment reported an operating revenue of $647.9 year over year.

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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?

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Housing Wire

APRIL 26, 2021

Based on closing prices as of April 23, the value is approximately $2.6 The combination of our two companies will allow each of us to continue our transformation to a full-service commercial bank by broadening our product offerings while expanding our geographic reach with no branch overlap.” Flagstar closed $13.8

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Housing Wire

JUNE 1, 2023

According to Gross, the move to the new company brings “access to improved pricing, technology and marketing to Platinum’s branches.” “In In early May, the company launched a commercial servicing division led by James DePalma and Janina Woods.

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Housing Wire

JUNE 22, 2021

In a statement, Enverus said it plans to integrate Integrity Title’s technology into a new online platform called Integrity Title Plants. Austin, Texas-based Enverus announced its acquisition of Integrity Title Company , a provider of title plant access in Texas and New Mexico.

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