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HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries. This years honorees represent the top talent in corporate finance, ensuring their companies remain competitive in a dynamic housing market.
Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. Financing is an unavoidable part of the home buying journey for most buyers. Click Here
In an exclusive executive conversation, HousingWire sat down with Jonathan Scarpati, senior vice president of Wholesale Production at Finance of America , to explore home equity products, opportunities for mortgage professionals to leverage them, and more. HousingWire: How did you get into Finance of America and the industry?
Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Nominations are still open for the 2025 Finance Leaders award. With an eye toward the future, Thompson shared his insights on economic trends, budgeting strategies, and the pivotal role of data and technology in shaping the housing landscape.
On Wednesday, the firm hired former senior vice president of finance Joanne Zach as chief financial officer. According to firm, Zach gained valuable insight from Fregenal on Fathom’s finance strategy while forming key relationships across the company.
The company announced that it has named Selim Freiha its chief financial officer, while Shrisha Radhakrishna assumes the title of chief technology and product officer. Radhakrishna is coming from LegalZoom, where he served for four years as chief technology officer and chief product officer.
This is AI meets modern home financing and its transforming the way people buy homes, Lane Hornung , co-founder and CEO of zavvie, said in a statement. Our new platform brings unprecedented speed and certainty to home financing, helping loan officers and their clients win more deals. Cash and certainty win deals, Hornung added.
Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. The deal is projected to boost Rockets adjusted earnings per share by late 2026.
Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. Through our best-in-class technology and creative approach and solutions, we are expanding at an unprecedented rate,” Serhant said in a statement. The investment — which is going to SERHANT.
HousingWire is excited to introduce the winners of the 2024 Finance Leaders award, recognizing the top finance executives in housing who are driving financial performance, expanding margins, improving liquidity and helping their businesses access the capital markets. The 2024 Finance Leaders exemplify excellence.”
Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology ’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday. That is a common goal we share.
Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Bill Decker, MAXEX president and co-founder, highlighted Wallace’s expertise in mortgage technology as a valuable asset for the company. “The U.S.
Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. Michel Moubarak, vice president of growth at Roof AI, told HousingWire.
While emerging technology helps to fill part of the gap , even that element faces shortfalls. However, availability of such technological advances is unbalanced especially in rural areas , and privacy concerns exist.
Milestone, the largest brokerage in Massachusetts over the past three years, said the companies will be able to combine Willow’s top-drawer proprietary technology platform with Milestone’s federal registration and state licensing footprint. “With this technology , we’re going to be able to flip the script.
Pierpoint has served NAR for nearly four decades, including serving as CFO and as a staff executive to NARs Finance Committee for 20 years. Cenedella has formerly held finance roles at I MG Worldwide , American Greetings , Nestle Waters , Readers Digest Association and Deloitte & Touche.
Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the companys digital and customer experience strategies. “These executive appointments are crucial for Finance of Americas objective to redefine the reverse mortgage experience.
We recommend investing in three key aspects of your customer acquisition strategy to ensure you have the technology, people and operational workflows needed as rates change and volumes increase. How your technology partner can help Having nimble technology is critical for capitalizing on market dynamics.
The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.
ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. As they put it, “We give our clients a complete ecosystem of proven tech, data, and analytics that supports the whole real estate and housing finance journey.”
In the meantime, states, RON providers and those putting the technology to use have stepped up to create a well-functioning status quo in the absence of federal guidelines, according to William Kooper, vice president of state government affairs and regulatory policy with the Mortgage Bankers Association (MBA).
Affordability has always been a challenge,” said Ashkán Zandieh, managing partner and industry chair at the Center for Real Estate Technology and Innovation. “In In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And
Nominations for HousingWires 2025 Finance Leaders Award are open now through January 31, 2025. Click here to nominate a Finance Leader. Simonelli a three-time Finance Leader honoree was recognized for her laser focus on accelerating Anywhere’s strategic progress and achieving exceptional financial results for the company.
Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. We believe this technology will significantly drive down our costs further, resulting in lowered rates and superior service for our customers,” Ryan said. is nearly $9,000.
Real credited its technology offerings and business model for the explosive growth in agents. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 Real CEO Tamir Poleg also provided an update on the companys technology offerings.
MISMO , the real estate finance industrys standards organization, on Thursday announced its board of directors for 2025. MISMO board members, who represent a cross-section of the residential and commercial real estate finance industries, are responsible for overseeing the organization and serve two-year terms.
Industries like retail, banking, transportation and food service have undergone massive digital transformation in recent years by leveraging new technologies to enhance consumer experience. All of these factors make it crucial for property managers to boost resident experience and stand out in the market with resident-facing technology.
Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. We are committed to making the dream of homeownership a reality for more Americans and helping achieve this through user-friendly technology. Tim Bowler: Absolutely.
She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I The new executive’s management duties will include financial reporting, budgeting, forecasting and risk management.
Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Read on to learn more about Dark Matter Technologies’ plan for mortgage. Gagliano : We believe strongly in technology.
Better Home & Finance Holding Co., The goal is to combine Better’s AI technology with NEO’s local loan expertise to increase market reach, especially in the purchase mortgage segment. the parent of digital lender Better , reported a net loss of $54.1 million in the third quarter of 2024 during an earnings call on Tuesday.
Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process.
Industry-leading reverse mortgage lender Finance of America (FOA) detailed some of its ambitions in appealing to senior borrowers, which includes new TV commercials that feature former American Advisors Group (AAG) turned FOA spokesman Tom Selleck.
Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level. It’s a complete financing solution that helps us ramp up and scale our production in the BPL sector. Could you share how this move puts Dunmor at the forefront of that?
By leveraging AI technology, we are making buying a home more accessible and achievable for everyone. With this intuitive platform, we will remove traditional barriers for homebuyers through instant offers, AI-powered financing and Verified Approval Letters.
A survey from mortgage technology firm Cloudvirga , conducted in September, gathered insights from more than 1,000 millennial and Gen Z respondents, the majority of whom were first-time buyers under the age of 40. About 58% of respondents still relied on loan officers to guide them through the process.
8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. So you have to give your clients everything you have and we focus here on is certainty and speed, utilizing our tools like Same-Day Mortgage and all the different technologies that go into our platform. SB: Our technology is amazing.
These partnerships can take various forms including partnerships with mortgage brokers , title companies , property management firms, insurance providers, contractors, lenders , or technology vendors. Technology and automation Technology is vital for streamlining processes, managing leads, and communicating with clients.
Brokers that are equipped with Acra Lendings non-qm products, technology, and team can serve borrowers where traditional lenders simply cannot. How Acra Lending sets itself apart in the non-QM market When describing how Acra Lending sets itself in the non-QM lending space, three words come to mind: people, processes, and technology.
Miami -based startup Waltz Inc. launched on Wednesday to serve international investors in U.S. real estate with a fast, digital mortgage process. The company is initially working in nine states with plans to expand. “Investing in anything nowadays takes just a few clicks, unless you’re a foreign citizen investing in U.S.
“With advanced technology , a broad product lineup, and a commitment to broker success, Cardinal Financial Wholesale provides the tools brokers need to excel.” Cardinal Financial is also offering real estate investor financing with its Foreign Debt Service Coverage Ratio ( DSCR ) and Investor Solutions DSCR products.
“As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.” . “I am excited to join Rate at such a pivotal time for the mortgage industry,” Lindsay said.
according to Inside Mortgage Finance (IMF). Theres no reason for us not to look at opportunities in the marketplace whether its a servicing, origination or technology opportunity. The lender posted pretax income of $1.1 billion last year, up from $732 million in 2023.
The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. According to Franquemont, his decision to return to Rate stems from a desire to re-align himself with new mortgage technology and resources that ultimately help homeowners the most.
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