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. Presented by: Sagent Lending Technologies. We are confident in Stavvy’s ability to change the lending and banking experience for both institutions and consumers.

Land 444

Land Lending Technology Banks 444

Housing Wire

SEPTEMBER 17, 2024

Anthony Casa, President & CEO of UMortgage , isn’t mincing words when it comes to the lending practices that often victimize our veterans. These lenders take advantage of the profit margins on VA loans to charge veterans inflated fees and higher interest rates. Veterans deserve to own a piece of the land they fought to protect.

Lending 435

Lending VA loan Loans Mortgages 435

Housing Wire

SEPTEMBER 8, 2022

Fiercer competition in the wholesale channel spurred United Wholesale Mortgage (UWM) to increase the ceiling on conforming loans on Wednesday, ahead of the Federal Housing Finance Agency’s (FHFA) decision in November. Last year , lenders didn’t raise conventional loan limits until Sept.

Loans 397

Loans Lending Finance Land 397

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. They weren’t so small that they couldn’t handle us.”

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

AUGUST 13, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday released an advisory opinion stating that contracts for deed are under federal home lending rules and should provide consumer protections. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments. among subprime loans.

Mortgages 475

Mortgages Land Lending Finance 475

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. The best loan officers are those who aren’t loan officers.

Loan Officer 418

Loan Officer Loans Lending Land 418

Housing Wire

APRIL 5, 2022

Actual” real estate is defined as property consisting of land or buildings, and everything that is permanently attached to the land. Its boundaries can be shown on a land survey and ownership is vetted through a physical deed in the jurisdiction, where the physical real estate is located. Lending is lending.

Mortgages 532

Mortgages Lending Land Loans 532

Housing Wire

OCTOBER 2, 2023

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , on Monday raised agency conforming loan limits to $750,000, ahead of the Federal Housing Finance Agency’s (FHFA) decision expected in November. Companies are pressured to launch new initiatives to attract brokers and land more purchase businesses due to high mortgage rates.

Loans 459

Loans Mortgages Finance Land 459

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 448

Loan Officer Mortgages VA loan Lending 448

Housing Wire

FEBRUARY 7, 2024

The Underserved Mortgage Markets Coalition (UMMC), a coalition of 32 housing groups initially convened by the Lincoln Institute of Land Policy , published a report on Wednesday that recommended actions for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. mortgage finance system. mortgage finance system.

Land lease 459

Land lease Land Lending Finance 459

Housing Wire

SEPTEMBER 16, 2020

The title insurance industry saw a surge in premium volume in the second quarter of 2020, according to the American Land Title Association’s latest Market Share Analysis. It’s no secret that lending volume is up in 2020. In fact, the latest Fannie Mae forecast says mortgage lending will hit an all-time high of $3.9

Title 482

Title Land Commercial Lending 482

Housing Wire

JUNE 26, 2023

Digital mortgage exchange and loan aggregator MAXEX announced on Monday it closed an equity investment round and partnerships to expand liquidity amid the recent market volatility. ” The deal with MAXEX expands access to a broad range of non-agency and agency-eligible mortgage loan programs.

Equity 364

Equity Land Investor Loans 364

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. With a focus on purchase mortgages through referral sources, Reich aims to close $1 billion in loan origination volume in 2023 through his division alone. We specialize in marketing for purchases.”.

Mortgages 507

Mortgages FHA loan Loan Officer Construction 507

Housing Wire

MARCH 28, 2024

New changes from the Federal Housing Administration (FHA) and Ginnie Mae , which insure and guarantee loans, could help open an untapped market for lenders looking to expand their businesses and improve access to credit for buyers of manufactured homes. The home-only lending market presents several major opportunities.

Title 474

Title Finance Loans Lending 474

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

JUNE 21, 2022

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment.

Title 518

Title Title search Land Due diligence 518

Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Stavvy will offer eNote, SMART Doc disclosures and loan documents for all 50 states across all loan programs.

Technology 435

Technology Lending Loans Title 435

Housing Wire

JANUARY 6, 2022

The government-sponsored enterprises must do this by setting a plan every three years, dubbed Duty to Serve, that provides lending liquidity and preservation goals for manufactured, rural, and affordable housing. They also blasted the GSEs for reducing loan targets for manufactured housing, affordable housing preservation and rural housing.

Land 526

Land Loans Title Lending 526

Housing Wire

OCTOBER 2, 2024

This process included removing a variety of debt — including commercial mortgages, personal loans and auto loans — from balance sheets and making credit available to traders. These assets include fix-and-flip loans (RTLs), homebuilder loans, nonqualified mortgages ( non-QM ) and more.

Lending 459

Lending Banks Loans Residential 459

Housing Wire

NOVEMBER 9, 2020

In an online event on Monday, Qualia and its partners discussed the ever-changing world of technology in real estate, mortgage, and title lending and what lies ahead in 2021. We’re really trying to make all title lending folks stay engaged with customers – through technology – the best that they can,” Tomb said.

Title 501

Title Technology Lending Land 501

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process. Many loan officers who may not have in the past sought to engage with customers digitally.

Lending 369

Lending Technology Loan Officer Equity 369

Housing Wire

JANUARY 29, 2021

This comes as no surprise – a recent survey from the American Land Title Association of major vendors working in the remote online notarization space showed adoption of remote online notarization soared 547% in 2020. Leveraging eClosings to effectively manage increased loan volumes. Sources: MERS, First American.

Lending 448

Lending Loans Mortgages Closing 448

Housing Wire

AUGUST 4, 2021

Louis-headquartered lending operation following a long career at Wells Fargo , the top depository bank by mortgage origination volume in the U.S. Russell also landed at Citi, where he is now head of direct-to-consumer sales (Sheth landed at U.S. Bryant comes to the St. Bryant announced her resignation from Wells Fargo in March.

Mortgages 434

Mortgages Banks Land Lending 434

Housing Wire

OCTOBER 11, 2022

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform.

Mortgages 417

Mortgages Loan Officer Loans MLS 417

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. Credit scores for FHA loan borrowers could go down even lower.

Mortgages 497

Mortgages FHA loan Equity Loans 497

Housing Wire

MARCH 31, 2021

Presented by: Proctor Loan Protector. The flexible standards allowed for more appraisal options on certain qualifying primary residence loans, including desktop appraisals and exterior-only appraisals. How this will affect the reporting of delinquent loans, is yet to be delineated.

Purchase and sale agreement 435

Purchase and sale agreement Loans Land Lending 435

Housing Wire

DECEMBER 6, 2022

Hispanic Americans represent a fast expanding segment of borrowers with an increasing number seeking home loans and homeownership. Even with the introduction of more digital tools to provide home buyers with a technology-enabled user experience, Spanish-speaking borrowers often encounter obstacles to homeownership during the lending process.

Lending 397

Lending Loans Land Mortgages 397

Housing Wire

JULY 19, 2022

Industry practitioners have some ideas for how HUD might make financing such loans more feasible. Lenders avoid them, because originating a small-balance loan is as expensive as a larger loan, but the compensation, which is about 1% of the loan balance, is lower.

Mortgages 397

Mortgages Lending Finance Loans 397

Housing Wire

JUNE 1, 2022

Before landing at Waterstone Mortgage, Garrigues served as a chief financial officer at Solarity Credit Union for three years. The firm, lending in 48 states, focuses on purchase loans and offers home loan programs including conventional and government loans and specialty programs for medical professionals and first-time homebuyers.

Mortgages 393

Mortgages Banks Lending Land 393

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Title 448

Title Lending Closing Loan Officer 448

Housing Wire

JUNE 28, 2024

The purpose of the committee is to provide nonbinding advice to the agency on how Fannie Mae , Freddie Mac and the Federal Home Loan Banks can achieve their goals as a “reliable and responsible source of liquidity and funding“ across the single-family and multifamily housing sectors.

Lending 414

Lending Principal Finance Land 414

Housing Wire

APRIL 22, 2024

The deal, however, will not include core members of Norcom’s well-known team of reverse mortgage professionals, including John Luddy , Norcom’s senior vice president of reverse lending. Luddy and the core members at Norcom will stay aboard long enough to close out their current loan pipeline, he explained.

Lending 440

Lending Mortgages Loans Land 440

Housing Wire

JULY 31, 2023

Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. Figures’ lending business hit a record $900 million in origination and generated $2.7 Cagney expects to land a $2.5 In the first half of the year, the company posted $83.5

Lending 360

Lending Equity Banks Loans 360

Housing Wire

AUGUST 1, 2023

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

Lending 367

Lending Title Technology Staging 367

Housing Wire

OCTOBER 5, 2022

ATTOM, a curator of real estate land and property data, on Wednesday announced that its platform has integrated loan originator data from the Nationwide Multistate Licensing System & Registry (NMLS). The dataset reveals loan origination activities by product, loan amount, loan officer and competitor, the company said.

Loan Officer 370

Loan Officer Commercial Loans Lending 370

Housing Wire

JANUARY 12, 2024

billion in home loans, representing only 23% of the $108 billion volume in the previous year, when it was still the kingfish in correspondent lending. Home lending revenues declined to $3.3 In 2023, the bank’s net revenues with home lending came in at $4.1 JPMorgan’s home lending net revenue reached $1.16

Mortgages 466

Mortgages Banks Lending Loans 466

Housing Wire

OCTOBER 4, 2022

Head of Neighborhood and Community Lending. Anchor Loans. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Altitude Home Loans. Supreme Lending. Head of Home Lending. Planet Home Lending. Executive Vice President of Retail Lending. AJ Barkley.

Lending 435

Lending Technology Finance Mortgages 435