Housing Wire

OCTOBER 28, 2024

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement.

Loans 396

Loans Mortgages Technology Development 396

Housing Wire

MAY 13, 2024

Women like Agnes Standowicz, VP, Underwriting Leader at United Wholesale Mortgage (UWM). HousingWire: Can you tell us about your story and how you entered the world of loan processing and underwriting? I stayed on after graduation and started to learn more about the loan process, eventually becoming a loan processor.

Technology 448

Technology Loans Industrial Mortgages 448

Housing Wire

OCTOBER 9, 2024

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.

FHA loan 455

FHA loan Loans Technology Loan Officer 455

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 436

Loans Lending Technology Equity 436

Housing Wire

OCTOBER 17, 2024

Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. ” The AI loan assistant, dubbed Betsy, was built through Tinman, the company’s proprietary loan origination platform, where information and facts on loan applications are stored.

Loans 435

Loans Loan Officer Lending Mortgages 435

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. Borrowers can repay the loan early without penalty.

Equity 458

Equity Loans Debt-to-income ratio Renovation 458

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. The experience was terrible.

Loan Officer 392

Loan Officer Loans Mortgages Technology 392

Housing Wire

OCTOBER 28, 2024

Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination. Currently, Ocrolus supports more than 95% of mortgage document types.

Inspection 447

Inspection Mortgages Technology Lending 447

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans.

Loan Officer 459

Loan Officer Loans Brokerage Equity 459

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. That’s 2.4

Loans 458

Loans Industrial Lending Technology 458

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).

Mortgages 446

Mortgages Loans Technology Branding 446

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.

Mortgages 458

Mortgages Loan Officer Loans Technology 458

Housing Wire

APRIL 3, 2024

mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The lawsuit follows Monday’s report from Hunterbrook Media indicating that UWM pressures brokers to send loans its way.

Loans 482

Loans Loan Officer Mortgages Closing costs 482

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 445

Loans Mortgages Industrial Principal 445

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loan officer, processor, underwriter, they all ask the same thing: will AI replace my job?

Mortgages 458

Mortgages Loan Officer Technology Loans 458

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

Lending 448

Lending Loans Loan Officer Equity 448

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. Most experts believe that it’s only a matter of time before mortgage rates come down.

Mortgages 487

Mortgages Technology Loan Officer Loans 487

Housing Wire

MAY 8, 2024

Fannie Mae announced on Wednesday the availability of a new web-based option for its income calculator tool, which is designed to “help mortgage professionals serve the growing number of mortgage applicants in the U.S. workforce and “a growing number of Fannie Mae loan deliveries,” the GSE stated.

Mortgages 467

Mortgages Technology Loans Design 467

Housing Wire

SEPTEMBER 10, 2024

Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. Polly has increased its locked loan volume by more than 150% this calendar year alone. Polly also expects to expand its internal teams by at least 25%.

Mortgages 439

Mortgages Technology Banks Loans 439

Housing Wire

OCTOBER 15, 2024

Mortgage credit availability decreased in September, according to the latest Mortgage Bankers Association (MBA) analysis of ICE Mortgage Technology data. The MBA’s Mortgage Credit Availability Index (MCAI) fell by 0.5% to a reading of 98.5 in September.

Mortgages 437

Mortgages Loans Marketing Technology 437

Housing Wire

JULY 25, 2024

Virginia -based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow ’s mortgage-oriented customer relationship management ( CRM ) product, Nextwave CRM , will be used by its loan originators across the 30 states it operates in.

Mortgages 444

Mortgages Technology Residential Banks 444

Housing Wire

OCTOBER 25, 2024

Mortgage technology startup Novaprime is making its public debut with the launch of an AI-powered loan platform that it claims allows lenders to sell loans to investors in just days, instead of weeks, all with a high degree of accuracy. Loans sitting on the books cost a lender between $500 and $1,500 per day.

Loans 432

Loans Investor Closing Lending 432

Housing Wire

JULY 11, 2024

Fintech firms Rocktop Technologies and LiquidFi on Thursday announced a milestone in their business partnership that was formed earlier this year. At the same time, LiquidFi — an asset tokenization platform for mortgage investors — has used its patented technology to create digital assets on more than $7.7 billion in UPB.

Due diligence 435

Due diligence Mortgages Investor Technology 435

Housing Wire

AUGUST 29, 2024

Polly/ AI: AI-powered copilot for loan officers Fueled by Polly’s proprietary technology and data, Polly/ AI leverages powerful, state-of-the-art AI/ML and natural language processing (NLP) to transform the way loan officers conduct business and provide consumers with superior mortgage products and prices.

Loan Officer 420

Loan Officer Loans Technology Mortgages 420

Housing Wire

JULY 23, 2024

Blueprint Solutions , a mortgage technology company that offers income verification tools for the industry, announced this week that it is implementing Fannie Mae ’s Income Calculator into its two primary software offerings. Blueprint offers two variations of mortgage income analysis software, “IncomeXpert” and “IncomeXpert PLUS.”

Mortgages 447

Mortgages Technology Loans Design 447

Housing Wire

JANUARY 8, 2025

Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday. At HousingWire s Mortgage Rates Center on Wednesday, the 30-year fixed rate averaged 7.11%, clouding the housing market outlook for 2025.

Equity 434

Equity Loans Lending Investor 434

Housing Wire

SEPTEMBER 17, 2024

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. The product, which rolled out on Tuesday, combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. Unison has more than $1.8

Equity 428

Equity Loans Finance Mortgages 428

Housing Wire

SEPTEMBER 30, 2024

They discuss the latest developments in the mortgage market, along with key dynamics and growth strategies for lenders as interest rates continue to fall. The conversation also covers cost-to-completion metrics, new technology and tactics strategies for making customers happy in today’s market.

Mortgages 456

Mortgages Marketing Technology Lending 456

Housing Wire

OCTOBER 23, 2024

Chicago-based Rate was the eighth-largest mortgage lender in the country during the first half of 2024, according to estimates from Inside Mortgage Finance. 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.

Mortgages 435

Mortgages Technology Loans Development 435

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. billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7 Rocket originated $42.3

Mortgages 459

Mortgages Marketing Principal Technology 459

Housing Wire

OCTOBER 7, 2024

In the modern mortgage landscape, quality control (QC) stands as a critical pillar supporting the industry’s integrity and stability. Seasonal lulls as QC enhancement opportunities The cyclical mortgage industry presents challenges and opportunities for QC improvement.

Lending 459

Lending Mortgages Technology Loans 459

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 451

Brokerage Mortgages Technology Branding 451

Housing Wire

JANUARY 8, 2025

Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows.

Technology 362

Technology Title Lending Development 362

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 497

Residential Lending Banks Mortgages 497

Housing Wire

SEPTEMBER 13, 2024

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

Sales 434

Sales Mortgages Loan Officer Technology 434

Housing Wire

DECEMBER 11, 2024

The Federal Housing Administration (FHA) on Wednesday published a final rule in the Federal Register, establishing a permanent program to sell seriously delinquent, FHA-insured single-family mortgages following the release of a proposal over the summer. The rule goes into effect on Jan.

Loans 397

Loans Sales Technology Inspection 397

Housing Wire

JUNE 6, 2024

Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA). The Mortgage Credit Availability Index (MCAI) rose by 0.1% The index was initially benchmarked to 100 in 2012. percent, and the Conforming MCAI rose by 0.5

Mortgages 456

Mortgages Lending Technology Loans 456