Housing Wire

SEPTEMBER 18, 2024

If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. Earlier this year, I found myself scrolling through social media, and every post seemed to be loan officers living the high life, with what seemed like endless closings, all while hosting event after event.

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Housing Wire

SEPTEMBER 27, 2024

Those in attendance told HousingWire ’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosting hopes that the industry can grow in the coming years. But others, including longtime industry veterans, also said they detected an energy at the event.

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Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” I think, as a whole, the industry is reacting pretty favorably to this.

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Housing Wire

AUGUST 15, 2024

There are many government program offerings designed to support low-income borrowers and underserved communities available through banks and credit unions, including: Federal Housing Administration (FHA): FHA provides mortgage insurance on loans made by FHA-approved lenders. Nearly 90% of VA-backed loans are made with no down payment.

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Housing Wire

OCTOBER 31, 2024

A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. Though mortgage lenders don’t want to charge borrowers upfront, many have had to because the pull-through rate on loans makes it economically infeasible otherwise, especially for refis. What will it cost?

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Housing Wire

AUGUST 23, 2024

In the second part of the interview, Cohen touches on the potential for greater collaboration with the reverse mortgage industry and gives an overview of how “success” is defined for the program. Cheryl Cohen “We have a minimum loan amount of $15,000 and a maximum of $150,000,” Cohen said. “So, With roughly $5.5

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Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We AscentDS product offerings will include short-term loans to acquire, renovate or build single-family and multifamily properties, as well as post-completion bridge financing. now known as Rithm Capital.

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Housing Wire

JULY 22, 2024

Since starting his career in the real estate industry more than five decades ago, Dave Liniger , the co-founder of RE/MAX , has seen and experienced quite a bit of change and innovation. If you look at the last 50 years of the real estate industry, the rules around residential transactions have become very complex.

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Housing Wire

OCTOBER 28, 2024

The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

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Housing Wire

SEPTEMBER 20, 2024

Kevin Wilzbach : Without question, the growth in the use of AI and particularly GenAI has been transformational for the banking industry. Kevin Wilzbach: While the industry awaits relief in the form of interest rate reductions, there’s no quick fix to the associated high costs of housing in the near term.

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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. Continuous improvement and updates keep systems relevant and effective.

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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. JB: I think our industry is turning a corner. I literally want to push a button.

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Housing Wire

DECEMBER 2, 2024

Movement is constant in the mortgage industry. Understanding what rights the departing employee may have in a loan pipeline, customer lists, or referral arrangements can avoid costly legal battles that significantly impair the value of any new opportunities. Likewise, retention of key talent and executives must be addressed.

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Housing Wire

OCTOBER 1, 2024

With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in the first quarter (Q1) of this year.

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Housing Wire

AUGUST 28, 2024

Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. Can you tell us more about these investments and what they mean for the mortgage industry? HW: How do you ensure your products remain ahead of the curve in such a rapidly evolving industry?

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Housing Wire

SEPTEMBER 19, 2024

But the increase itself was relatively modest and the share of loans with defects now stands at 1.58%, according to a report released Thursday by ACES Quality Management. The company’s Mortgage QC Industry Trends Report analyzes post-closing quality control data taken from its Quality Management & Control software platform.

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Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Four months later, the branch was still struggling, and worse, my top loan officer now the branch manager quit.

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Housing Wire

NOVEMBER 20, 2024

Chicago-based multichannel mortgage lender Rate , formerly known as Guaranteed Rate , has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with older borrowers.

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Housing Wire

OCTOBER 2, 2024

Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. But that has also illuminated some of the need for additional flexibilities on an issue like counseling modalities.

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Housing Wire

SEPTEMBER 20, 2024

Additionally, loan officers have lots of questions about processing, underwriting , operations and servicing , which is a continual theme. Clow: Is there anything I haven’t asked you about that you think our industry audience should keep in mind? But I’m not telling you who the recipients are.

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Housing Wire

NOVEMBER 15, 2024

Should the goal of marketing technology be to make it so that a loan officer never needs to log in? I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved. Ordering an appraisal was as easy as pushing a button.

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Housing Wire

DECEMBER 17, 2024

There have been countless press releases and news articles about how AI is changing the mortgage industry. The industry fears AI will ultimately replace everyone, from operations to loan officers. As a loan officer , I am not losing any sleep, and here is why you should not, either. tale as old as time.

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Housing Wire

AUGUST 29, 2024

In the months ahead, with the presidential election approaching and the Federal Reserve eyeing interest rate cuts, originators will scrutinize how shifting fiscal policy could influence the mortgage industry and the economy at large. Two pressing issues threaten to perpetuate reduced loan activity for originators.

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Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.”

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Housing Wire

SEPTEMBER 11, 2024

In an email to partners on Tuesday, ICE said that it will be closing down the Encompass SDK (Software Development Kit) on the same day it sunsets the program’s Technology Partner Network, Total Quality Loan Services, PSDK and ePass.

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Housing Wire

SEPTEMBER 17, 2024

The spread on mortgage-backed securities (MBS) trouble many industry professionals, and at a recent roundtable discussion, it spurred an interesting discussion on the degree of risk being absorbed by Fannie Mae and Freddie Mac. DTIs on Fannie- and Freddie-backed loans have also risen, he said.

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Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

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Housing Wire

DECEMBER 4, 2024

It’s the ninth straight year that the limit will increase based on home-price appreciation levels, which feeds into a single, national limit for all HECM loans. Overall, we feel that this is positive as it helps to expand the industry to even more individuals that can benefit from a reverse loan,” Sciandra said.

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Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. The interest rate on the loan has been lowered from 9.99% to 9.49%.

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Housing Wire

OCTOBER 23, 2024

In its announcement, the company explained that Rate Intelligence has been working behind the scenes for the past two years to help originate billions of dollars in loans. Victor Ciardelli: There is a profound shift taking place in the mortgage industry. billion across more than 40,000 loans using this technology.

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Housing Wire

JULY 12, 2024

Half of loans in loss-mitigation status at the time of the survey were expected to “permanently perform“ and avoid foreclosure status, Auction.com reported. This included 58% of conforming loans purchased by Fannie Mae and Freddie Mac , 49% of government-backed loans and 34% of nonagency loans.

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Housing Wire

OCTOBER 18, 2024

To open the conversation, Sanchez asks Jacobson to explain how Fairway harnesses the power of positive recommendations to boost production for the company’s loan officers. He explains that speed and customer service rule every aspect of business, including the mortgage industry. As consumers, we expect instant everything.

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Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

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Housing Wire

OCTOBER 9, 2024

After reaching their highest level since July 2022 , mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. decline in purchase loan demand. 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2%

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Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

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Mortgages Marketing Lending Finance 524

Housing Wire

OCTOBER 16, 2024

Appraisal management software company Reggora is adding a repurchase and loan-level price adjustment (LLPA) warranty to its appraisal review solution. “As the mortgage industry prepares for volume to increase, we wanted to help lenders handle that volume much more efficiently,” Reggora CEO Brian Zitin said.

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Housing Wire

SEPTEMBER 26, 2024

New York-based Simplist Technologies , which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).

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