Housing Wire

APRIL 24, 2024

Almeida Realtor- Team Leader The American Dream Group Coldwell Banker Abhishek Shende Senior Principal Software Engineer Zillow Group Adi Pavlovic CEO Newzip Alnur Kassim-Lakha Director Mile Rock Capital Amy Macken Senior Vice President, Due Diligence Operations Consolidated Analytics Anaid Chacón Senior Vice President of Product Argyle Mortgage Arkadiusz (..)

Principal 459

Principal Due diligence Lending Title 459

Housing Wire

MARCH 1, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 454

Closing Investor Principal Residential 454

Housing Wire

JANUARY 22, 2024

Lux joins the mortgage tech company from Cenlar FSB , the nation’s largest subservicer, where he served as executive vice president and chief operating officer for the past six years leading their entire servicing and technology operation.

Technology 436

Technology Principal Commercial Loans 436

Housing Wire

AUGUST 14, 2024

billion in unpaid principal balance (UPB). The credit rating agency noted in a November 2023 report that SPS had approximately 806,000 non-agency RMBS loans (total value of $150 billion), 82,250 third-party serviced loans ($21.4 billion), and 26,500 agency and owned loans ($4.4 In the U.S., 36 in the IMF ranking.

Banks 435

Banks Closing Principal Residential 435

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

MARCH 5, 2024

Sanjiv Vas, former CEO of Caliber Home Loans , has joined the board of directors at Two Harbors Investment Corp , a Minnesota-based real estate investment trust that expects to launch a mortgage originations platform in the second quarter of 2024. Before joining Pagaya, Vas was CEO of Caliber Home Loans.

Principal 436

Principal Commercial Loans Mortgages 436

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.”

Loans 390

Loans Technology Principal Development 390

Housing Wire

NOVEMBER 2, 2023

This was the first earnings delivered by Rocket’s new CEO, Varun Krishna , who focused his conversation with analysts on the potential of artificial intelligence (AI) and other technologies to transform the business. billion in sold loans through its direct-to-consumer channel, down from $12.4 By channel, Rocket reported $11.9

Principal 448

Principal Loans Technology Mortgages 448

Housing Wire

MAY 10, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $300 million unrated securitization of residential transition loans (RTLs), the company announced on Friday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions.

Closing 390

Closing Principal Investor Residential 390

Housing Wire

NOVEMBER 4, 2022

Purchase loans accounted for 82.7% Since the start of Game On, we’ve had thousands of loan officers try us for the first time, experiencing our technology, our services and quickly realizing that partnering with UWM can help them win in any market.”. UWM originated $33.5 billion in production. billion 12 months ago. “To

Principal 87

Principal Loan Officer Loans Mortgages 87

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform.

Mortgages 407

Mortgages Loan Officer Investor Loans 407

Housing Wire

APRIL 27, 2023

Financial wellness technology company EarnUp reached a new milestone last quarter, helping millions of Americans schedule mortgage, auto, and student loan payments through its Payday to Payday program and technology. The company says it processed more than 50 million payment transactions worth $43 billion in total as of Q1 2023.

Technology 392

Technology Lending Principal Loans 392

Housing Wire

JANUARY 10, 2022

PennyMac Financial Services announced today that it’s launching a new technology platform for its broker channel, and it has rebranded its broker division from PennyMac Broker Direct to Pennymac TPO. ” The timeline for the platform’s launch has not been made public. As of Sept.

Principal 397

Principal Lending Technology Loans 397

Housing Wire

DECEMBER 20, 2024

At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. Getting the hang of reverse Mitchell is a 25-year veteran of the mortgage technology space, primarily working for LOS companies. What does the future hold?

Mortgages 397

Mortgages Technology Principal Industrial 397

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 476

Technology Title Development Lending 476

Housing Wire

FEBRUARY 6, 2025

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. In total, its funded loan volume jumped from $8.9 Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier.

Loans 390

Loans Equity Principal Mortgages 390

Housing Wire

AUGUST 8, 2024

Guild CEO Terry Schmidt said in a statement that the company’s performance reflects its strategy to increase market share “by investing in people and technology” and its ability to “executive effectively in a challenging market environment.” The data shows that adjusted net income was $30.7 million and adjusted EBITDA was $41.6

Principal 448

Principal Loans Mortgages Technology 448

Housing Wire

JANUARY 7, 2021

In December, Rocket Mortgage became the first lender to use eNotes in closing a Ginnie Mae -backed loan as part of a pilot program. Now, it says the market is set to see widespread eClosings of Ginnie Mae loans by the end of this year. Leveraging eClosings to effectively manage increased loan volumes.

Closing 516

Closing Mortgages Loans Title 516

Housing Wire

OCTOBER 26, 2021

Tom Richardson, head of strategic capital principal technology investments at Wells Fargo Strategic Capital, said in a statement that the capital “will help them achieve their business goals and continue to expand their product offering.”. The company will not own the loans but sell to investors, picking up the spread.

Mortgages 397

Mortgages Loans Principal Investor 397

Housing Wire

JULY 23, 2024

Higher revenues drove more income for its loan production channel, which rose to $41.3 Pennymac’s loan acquisition and origination volumes totaled $27 billion in the second quarter, up 25% from the first quarter. billion in unpaid principal balance (UPB) at the end of June, up 2% on a quarterly basis and up 10% on a yearly basis.

Technology 447

Technology Loans Principal Mortgages 447

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 397

Due diligence Mortgages Principal Lending 397

Housing Wire

AUGUST 1, 2024

Leaders at the Detroit-based Rocket Companies say they will continue to invest in artificial intelligence (AI) to gain operational efficiency and grow their servicing portfolio, creating opportunities for refinances and home equity loans down the road. million loans, generating about $1.4 billion at the end of the second quarter.

Marketing 442

Marketing Equity Loans Principal 442

Housing Wire

MARCH 1, 2024

.” Take a look at the full list of this year’s honorees below!

Finance 467

Finance Principal Construction MLS 467

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal 448

Principal Branding Investor Mortgages 448

Housing Wire

FEBRUARY 6, 2023

He became an interim principal financial officer in July 2022 following the death of Timothy Forrester. billion and injected $925 million into UWM to develop new technology and grow the broker channel. Recently, UWM gave brokers discounts to be used on any loans, with up to 40 basis points per loan, which raised regulatory concerns.

Principal 434

Principal Finance Mortgages Loans 434

Housing Wire

JANUARY 5, 2022

Think technology and service providers, too — a smaller mortgage market affects everyone. There’ll be plenty of racing To people displacing As loans disappear… It’s the most awfullest time of the year! Only people, NOT TECHNOLOGY — can fill the knowledge gap. Dan Green is Principal at The BlackFin Group.

Industrial 476

Industrial Mortgages Principal Technology 476

Housing Wire

MAY 9, 2024

“I am pleased to report that our first-quarter results demonstrate the continued success and disciplined execution of our strategy with growth in originations, market share gains, and the addition of more than 600 licensed loan originators,” said Terry Schmidt, Guild CEO. Net revenue sharply increased to $231.8 million from only $57.2

Principal 386

Principal Technology Mortgages Loans 386

Housing Wire

AUGUST 6, 2024

The Pontiac, Michigan-based company has opportunistically sold mortgage servicing rights (MSRs) with higher coupons to deleverage its balance sheet and invest in the origination business — for example, by offering incentives on some refi loans. The company’s volume in Q2 2024 consisted mainly of purchase loans, which accounted for $27.2

Loans 476

Loans Principal Mortgages Sales 476

Housing Wire

JULY 26, 2022

California-based wholesale/correspondent lender New Wave Lending Group filed a lawsuit against Sprout Mortgage , accusing the company of defaulting on a pool of $32 million in loans it agreed to purchase. 15, 2022, for the purchase of 51 loans, with a total principal value of $32,864,270. 20, 2022, to Feb. Presented by: Polly.

Due diligence 370

Due diligence Mortgages Principal Lending 370

Housing Wire

APRIL 24, 2024

Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.” billion in unpaid principal balance (UPB).

Equity 405

Equity Lending Principal Technology 405

Housing Wire

JANUARY 13, 2021

Under the CARES Act, borrowers with federally backed loans can request an initial 180 days of forbearance, and ask for another 180 days once that period is over. In these situations, when does the 180-day period begin — when those loans were set up on forbearance or when payments stopped? Loan decisioning. in January 2021.

Mortgages 488

Mortgages Investor Loans Technology 488

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead.

Mortgages 444

Mortgages Marketing Equity Finance 444

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Six months ago Interfirst Mortgage Co.

Loan Officer 397

Loan Officer Principal Loans Technology 397

Housing Wire

DECEMBER 11, 2023

The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. There’s been increased activity in the last two weeks [more] than the last two months. How fast we move past that is up for debate.”

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

MAY 6, 2022

The firm’s earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said David Spector, chairman and chief executive officer of PennyMac in an earnings call. billion in unpaid principal balance, down 36% from the previous quarter and 32% from the first quarter of 2021. million, down from $106.5

Principal 370

Principal Loans Technology Mortgages 370

Housing Wire

JULY 15, 2021

Morty’s marketplace has processed more than $500 million in loans in the past 12 months, and saw revenue grow 800% year over year. Morty acts as both a marketplace model for users to shop and compare mortgages in one place, as well a broker of loan applications. The company is currently licensed in 36 states and Washington D.C.,

Principal 397

Principal Loans Equity Mortgages 397