Housing Wire

OCTOBER 27, 2024

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. The human touch remains critical in mortgage lending.

Technology 442

Technology Industrial Mortgages Development 442

Housing Wire

JANUARY 13, 2025

Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options. If homeowners have been impacted by the fires, we encourage them to call their mortgage servicer for assistance as soon as possible, she said in a statement.

Mortgages 397

Mortgages Development Loans Design 397

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. The request was pending, but the license was suspended in July.

Lending 446

Lending Loan Officer Banks Loans 446

Housing Wire

MARCH 5, 2025

Leading mortgage technology provider Uplist recently announced a new integration with fellow tech firm Polly. This move grants loan officers access to real-time insights that are designed to improve borrower assistance and engagement. The integration comes at a time of rising refinancing activity.

Loan Officer 296

Loan Officer Loans Technology Mortgages 296

Housing Wire

MARCH 19, 2025

Cardinal Financial Wholesale has introduced Cardinal Complete, a new loan processing solution aimed at streamlining operations for mortgage brokers. The platform offers an end-to-end processing service designed to reduce administrative burdens and improve efficiency from application to closing.

Loans 206

Loans Mortgages Design Closing 206

Housing Wire

APRIL 4, 2025

Reston, Virginia -based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Before joining RETR, she founded PlacedE, a boutique mortgage recruiting and coaching firm. Heidi Iverson Iverson has 20-plus years of experience across various industries.

Mortgages 308

Mortgages Technology Loan Officer Loans 308

Housing Wire

JANUARY 17, 2025

Florida-based non-QM lender A&D Mortgage announced Friday that it has acquired the wholesale and nondelegated correspondent lending businesses of Mr. Cooper Group. We took a very careful and measured approach to finding a potential partner to grow our QM business, Max Slyusarchuk , CEO of A&D Mortgage, said in a statement.

Mortgages 369

Mortgages Lending Banks Finance 369

Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times.

Title 336

Title Equity Loans Closing 336

Housing Wire

NOVEMBER 7, 2024

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed. We service most of our own loans on the traditional side as well as the reverse side.

Mortgages 367

Mortgages Equity Lending Branding 367

Housing Wire

FEBRUARY 6, 2025

Interestingly, Batey noted that he and his office have observed a higher level of interest in reverse mortgages from seniors in the area. While not taking a position as a product advocate, Batey noted that the loans could be an option for older residents on a fixed income who seek support for their expenses.

Mortgages 388

Mortgages Staging Equity Loans 388

Housing Wire

APRIL 4, 2025

Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. The revised LTVs could allow previously ineligible borrowers to have a renewed conversation about securing a loan, the company explained.

Mortgages 270

Mortgages Principal Loans Equity 270

Housing Wire

JANUARY 17, 2025

In a changing real estate market , mortgage lenders face increasing demand. If high mortgage rates and increased liquidity management arent challenging, then regulatory changes, operation inefficiencies, and economic uncertainty are enough. This occurs while they manage the heavy loan of growing origination demand.

Marketing 345

Marketing Residential Commercial Loans 345

Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Managing appraisal orders, tracking status, and QC aren’t a problem for a system designed to make lenders’ lives easier.

Inspection 445

Inspection Marketing Design Technology 445

Housing Wire

APRIL 3, 2025

The Federal Housing Administration (FHA) on Tuesday issued a waiver on quality control (QC) reviews for some newly distressed mortgages in Southern California as homeowners continue to grapple with the effects of the January 2025 wildfires. 7, 2025, and hit the 60-day delinquency mark between Feb. 1 and July 31, 2025. 1 and July 31, 2025.

Mortgages 246

Mortgages Development Closing Loans 246

Housing Wire

NOVEMBER 7, 2024

Not long ago, homeowners insurance was a minor concern for most homebuyers, real estate agents and mortgage originators. Impacts to mortgage credit Banks, insurers and regulators have long acknowledged that climate risks could threaten mortgage borrowers’ creditworthiness.

Design 482

Design Mortgages Lending As-is 482

Housing Wire

MARCH 26, 2025

Pulte also said on Tuesday that he wont cut the conforming loan limits , which are set at $806,500 in most parts of the country for loans bought by Fannie Mae and Freddie Mac. McGuinness-Lubbert said these what-ifs are creating worry and distracting from other available mortgage credit programs. ”

Mortgages 283

Mortgages Lending Loans Finance 283

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Equity 365

Equity Finance Marketing Lending 365

Housing Wire

NOVEMBER 12, 2024

This comes from a new survey by Down Payment Resource — a nationwide database designed to connect prospective homebuyers to financial assistance opportunities. In 2024, second-lien mortgage programs (20) stand out with the highest number of veteran-tailored DPA programs.

Mortgages 396

Mortgages Finance Loans Design 396

Housing Wire

MAY 8, 2024

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers.

Loans 397

Loans Mortgages Lending Branding 397

Housing Wire

APRIL 10, 2025

Florida-based Theoris Software has launched a new artificial intelligence (AI) platform, AI agent, it says could transform how mortgage companies handle operations. The platform introduces a digital agent named Alpha7x that automates key processes across the mortgage lifecycle.

Agents 198

Agents Mortgages Loan Officer Loans 198

Housing Wire

MARCH 4, 2025

Xactus has become the first technology partner to introduce the FICO Score Mortgage Simulator, a new tool designed to help lenders and borrowers understand how credit decisions impact mortgage eligibility. The simulator, developed by FICO , is the only mortgage industry tool that uses FICO scores and FICO score algorithms.

Mortgages 250

Mortgages Lending Technology Development 250

Housing Wire

JANUARY 22, 2025

Rocket Companies today announced the launch of Rocket.com, officially putting Rocket Mortgage and Rocket Homes on the same platform. Rocket.com is designed for serious buyers and sellers, offering a streamlined path to homeownership, said Jamie Belsky, chief product and design officer at Rocket.

Staging 370

Staging Design Mortgages Finance 370

Housing Wire

APRIL 15, 2025

Per a release from Friday Harbor, the seed round will support the growth of its engineering team and support integrations with leading mortgage LOS and point-of-sale platforms Friday Harbor was co-founded by Theo Ellis (CEO) and Jesse Collins (CTO) and launched in 2024 with support from the AI2 Incubator and CoFound Partners. .

Mortgages 238

Mortgages Lending Technology Residential 238

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. The affordability crisis extends beyond mortgage payments. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. ADU is a big requirement now.

Debt-to-income ratio 261

Debt-to-income ratio Loan Officer Marketing Loans 261

Housing Wire

FEBRUARY 12, 2025

California-based mortgage lender loanDepot on Wednesday announced the expansion of its equityFREEDOM portfolio to provide nearly 50 million U.S. loanDepots home equity loan lets customers access the equity in their homes in a lump sum in one of three, fully amortizing loan terms.

Equity 369

Equity Loans Lending Mortgages 369

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

OCTOBER 28, 2024

“From loan officers to secondary marketing teams and investors, we empower mortgage professionals with tools designed to maximize their profitability on every loan transaction.” ” The announcements were made at MBA Annual in Denver.

Loan Officer 406

Loan Officer Investor Loans Mortgages 406

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

OCTOBER 5, 2023

Industry-leading lender Movement Mortgage will become an “early adopter” of FICO Score 10 T, the updated credit scoring model designed to take advantage of trended data information to help expand mortgage approval rates.

Loans 447

Loans Mortgages Lending Finance 447

Housing Wire

JUNE 13, 2024

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.” For us, this is much more than a rebrand of the initiative.

Design 452

Design Loan Officer Branding Loans 452

Housing Wire

NOVEMBER 15, 2024

In most of our remodeling, we use a design technique called Universal Design,” said Brian Harvey, owner of Boston-area business Harvey Home Modifications. That essentially is a design that will serve anyone of any physical capability in the house.”

Design 433

Design Renovation Branding Development 433

Housing Wire

MARCH 31, 2025

Marine Samuel Royer has spearheaded efforts to pass the HELPER Act, a bipartisan bill designed to make homeownership more accessible for Americas civil servants including teachers, first responders, EMTs and law enforcement officers. This mirrors the benefits offered to military veterans through VA home loans.

Loans 346

Loans Mortgages Design VA loan 346

Housing Wire

MAY 24, 2024

In fact, according to a recent study, millennials currently struggle with so much debt that 25% worry they won’t qualify for a mortgage. Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans.

Debt-to-income ratio 463

Debt-to-income ratio Loans Pre-approval VA loan 463

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Founded in 2019, The Loan Store offers mortgage products including conventional, jumbo, VA and non-QM loans.

Loans 433

Loans Lending Equity Mortgages 433

Housing Wire

JUNE 12, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , has launched a blockchain-based marketplace to connect buyers and sellers of private credit loans, promising to reduce settlement timelines and create greater pricing certainty.

Loans 416

Loans Lending Technology Equity 416

Housing Wire

APRIL 14, 2025

the parent of digital mortgage lender Better.com has restructured about $534 million of its outstanding debt with SB Northstar , the asset management subsidiary of SoftBank , the company announced on Monday. As part of the agreement, Better is granting the investor the right to designate one non-voting board observer starting June 1, 2025.

Equity 277

Equity Loans Finance Investor 277

Housing Wire

JUNE 5, 2024

Loan repurchases continue to trend downward at both Fannie Mae and Freddie Mac , but there appears to be a separation developing in loan-repurchase patterns — with Freddie reducing its loan buybacks at a faster clip than Fannie, according to recently released data and public filings. Breaking it down There was a total of $335.6

Loans 436

Loans Mortgages Industrial Principal 436