Housing Wire

FEBRUARY 2, 2021

The MBS were loans closed by Rocket Mortgage in December, are issued as of Jan. The total principal value of the digital pools came to about $24 million. In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae-backed loan as part of a pilot program. . Presented by: CoreLogic.

Principal 513

Principal Closing Loans Mortgages 513

Housing Wire

FEBRUARY 13, 2025

The deal leaves room for reinvestment via a two-year window, allowing investors to reuse principal payoffs to purchase newlyoriginated loans. “Kiavi’s data advantage and differentiated, technology-led approach drives our consistent track record of performance and risk-adjusted returns.

Land 259

Land Investor Principal New Construction 259

Housing Wire

JANUARY 21, 2025

On the flip side, transferring servicing removes direct access to these borrowers and closes the window into their mortgage activity. Digital technologies help lenders reduce errors, cut costs, and shorten processing times. They also manage Principal and Interest (P&I) and Taxes and Insurance (T&I) advances and recoveries.

Mortgages 370

Mortgages Investor Loans Principal 370

Housing Wire

SEPTEMBER 10, 2024

Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. We are unique in the sense that we’re building what we consider to be an elastic technology platform,” Krishna said.

Mortgages 459

Mortgages Marketing Principal Technology 459

Housing Wire

JANUARY 8, 2021

This year, eClosings surged as remote online notarization became more popular and consumers looked for alternative ways to close on a home. Moving forward, the Mortgage Industry Standards Maintenance Organization , a not-for-profit subsidiary of the Mortgage Bankers Association , will continue to focus on digital closings.

Development 482

Development Technology Industrial Closing 482

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. They made the leap back to Compass in October.

Principal 459

Principal Brokerage Technology Agents 459

Housing Wire

NOVEMBER 19, 2020

“As RON transactions become more commonplace in the mortgage industry, NotaryCam is proud to have earned its MISMO RON Software Compliance Certification, which serves as a signal to all industry participants that they can confidently rely on the NotaryCam platform to securely and compliantly execute mortgage closings remotely,” Triola said.

Principal 468

Principal Technology Development Industrial 468

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.

Title 397

Title Principal Commercial Technology 397

Housing Wire

SEPTEMBER 9, 2021

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. Technology that had long been available, but never saw the level of adoption the industry would have hoped for, was now in high demand. Technology as the new table stakes.

Mortgages 448

Mortgages Technology Inspection Closing 448

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. Market conditions have certainly trended downward for residential or commercial real estate.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period. million; and pool 3, $312.9

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

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.

Technology 476

Technology Title Development Lending 476

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.

Principal 459

Principal Residential Commercial Development 459

Housing Wire

JANUARY 5, 2022

The most wonderful time of the year, as the song would have us believe, comes to a close with Epiphany, the 12 th day of Christmas, Jan. Think technology and service providers, too — a smaller mortgage market affects everyone. Only people, NOT TECHNOLOGY — can fill the knowledge gap. The holiday season is winding down.

Industrial 476

Industrial Mortgages Principal Technology 476

Housing Wire

NOVEMBER 2, 2023

This was the first earnings delivered by Rocket’s new CEO, Varun Krishna , who focused his conversation with analysts on the potential of artificial intelligence (AI) and other technologies to transform the business. The Detroit-based lender closed the third quarter with $1 billion cash on hand. billion from $8.6 The company had 2.4

Principal 448

Principal Loans Technology Mortgages 448

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.”

Loans 396

Loans Technology Principal Development 396

Housing Wire

APRIL 19, 2021

Our ability to handle multi-jurisdictional complexity and distribution diversity are our principal strengths, and Qualia fortifies our ability to manage these attributes and positions us to scale our business more rapidly,” said Susan Kenney Cotter, Passport Title chief officer.

Title 356

Title Principal Closing Construction 356

Housing Wire

JULY 23, 2024

“Our large and growing servicing business continues to drive revenue and cash flow in this higher interest rate environment and notably, our per loan servicing expenses were at record low levels as we continue to leverage our proprietary technology and operational scale. This drove growth in its servicing portfolio, which totaled $632.7

Technology 448

Technology Loans Principal Mortgages 448

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave. 20, 2022, to Feb.

Due diligence 397

Due diligence Mortgages Principal Lending 397

Housing Wire

AUGUST 1, 2024

By channel, Rocket reported $13 billion in closed loans from April through June via its direct-to-consumer channel and $11.3 But Krishna said Rocket grew its “purchase market share year over year by making continuous improvements across our processes, teams, marketing and technology.” billion at the end of the second quarter.

Marketing 447

Marketing Equity Loans Principal 447

Housing Wire

AUGUST 6, 2024

billion in closed loan volume from April to June. billion in unpaid principal balance (UPB), compared to $299.7 Rather, it is preparing to scale its operational technology, since that was the strategy for the first three to six months of the year. To compare, UWM’s primary rival, Rocket Mortgage, generated $24.6

Loans 476

Loans Principal Mortgages Sales 476

Housing Wire

JULY 26, 2022

15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. Sprout’s executives did not immediately return a request for comment, nor did executives at New Wave. 20, 2022, to Feb.

Due diligence 370

Due diligence Mortgages Principal Lending 370

Housing Wire

FEBRUARY 2, 2024

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. billion in unpaid principal balance (UPB) in 2023, down 9% year over year.

Technology 435

Technology Loans Principal Mortgages 435

Housing Wire

AUGUST 4, 2022

million loans with an unpaid principal balance of more than $1.2 HW Annual will be held in Scottsdale, Arizona this year and feature housing leaders from all corners of the industry, including real estate, mortgage and closings. Join us at HW Annual for the content, connections and technology you need to win in this environment.

Principal 435

Principal Title Industrial Mortgages 435

Housing Wire

JULY 15, 2021

Online mortgage marketplace Morty announced the close of a $25 million Series B financing round, pushing the total company valuation to $150 million. In the end, the company makes money by charging a fee off the principal of the loan — paid for by the lender. The company is currently licensed in 36 states and Washington D.C.,

Principal 397

Principal Loans Equity Mortgages 397

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 370

Principal Loans Technology Mortgages 370

Housing Wire

JANUARY 13, 2021

The fact that by the beginning of May, there were close to 4 million borrowers in forbearance plans illustrates just how high the volume climbed in a very short period of time. Robust technology that evaluates borrowers for loss mitigation options regardless of the investor, insurer, loan type, policy or program is critical during this time.

Mortgages 488

Mortgages Investor Loans Technology 488

Housing Wire

AUGUST 2, 2021

Vice President of Technology Services. Nexsys Technologies. Principal and Chair, Financial Instituions Regulatory Practice Group. Executive, Software Engineering & Technology. GM of Orchard Title and Head of Closing Operations. GM of Orchard Title and Head of Closing Operations. VP, Cash Close.

Title 418

Title Lending Finance Technology 418

Housing Wire

JANUARY 11, 2022

Ronnie Matthews, the chairman and principal of GATCO added: “This acquisition only strengthens our core philosophy of making the transaction process seamless and efficient. Despite the advancements in title technology, there are still broad misconceptions across the mortgage industry. Presented by: ServiceLink. This is down from 9.6%

Title 397

Title Principal Land Branding 397

Housing Wire

JANUARY 12, 2024

There are hundreds of companies that help with various parts of the transaction and process “supply chain,” from search and valuation to closing, from appraisal to title, from targeting to closing. Principal among these are: Invested capital “requires” the highest return. Of these, category 2 is the most established.

Finance 448

Finance Residential Principal Development 448

Housing Wire

MAY 5, 2021

Closed loan volume in the first quarter increased to $41.5 “As we focus on long-term growth trajectory and build on our momentum, we will continue to invest in brand, people, and technology,” said Pat Flanagan, loanDepot’s CFO. The unpaid principal balance of our servicing portfolio increased by 26% to $129.7

Marketing 403

Marketing Technology Branding Loans 403

Housing Wire

SEPTEMBER 30, 2022

The 2-year note, most closely tied to the Fed’s interest rate moves , increased five bps to 4.07% on Wednesday from the prior week. Lenders will close and some others will need to merge because of the new liquidity regulations that are coming in 2023.”. The 10-year note went from 3.51% to 3.72% in the same period. Pressure on demand.

Mortgages 482

Mortgages Fixed-rate mortgage Loans Loan Officer 482

Housing Wire

OCTOBER 31, 2022

By the end of 2022, roughly 50 merger or acquisition (M&A) transactions will be announced or closed, which is 50% more than 2018 — the record year for lender consolidation, according to Stratmor Group. McGarry said Guild would look for companies that will strengthen Guild’s retail channel, but will be very patient in closing a deal.

Industrial 397

Industrial Mortgages Loans Principal 397

Housing Wire

MARCH 2, 2021

Doma, founded in 2016, says its patented machine-learning technology reduces title processing time from five days to five minutes. Generally accepted accounting principal (GAAP) revenues are expected to be around $226.4 ” Doma saw revenues of $179.8 million in 2019 and $189.7 million in 2021.

Title 452

Title Equity Principal Branding 452

Housing Wire

DECEMBER 13, 2024

In this environment, strategies to mitigate repurchase risk through technology , precise quality control, and strong collaboration are essential to avoid serious financial and reputational fallout. When lenders or their technology providers fail to maintain a high standard of data accuracy, loan buybacks increase.

Pre-approval 370

Pre-approval Investor Loans Technology 370

Housing Wire

MAY 1, 2023

For instance, with higher-priced mortgages, lenders need to verify the consumer’s ability to repay, ensure there is no prepayment penalty and make sure escrow taxes and insurance payments are paid each month along with the loan’s principal and interest. And not just at the federal level. HW: How does ACES help lenders safeguard compliance?

Loans 397

Loans Lending Technology Principal 397

Housing Wire

JUNE 20, 2023

Hence, more buyers are visiting builders’ model homes, attracted by availability, new technology, higher efficiency and, in some cases, the benefit of a warranty. With redefined budgets, buyers are looking for their first or next home in a market characterized by its lack of existing home inventory.

Principal 397

Principal Construction Technology Marketing 397