Housing Wire

DECEMBER 17, 2024

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. Now, remember that this is a top coach, and he is using this technology across his platforms to increase conversions. The experience was terrible.

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Loan Officer Loans Mortgages Technology 395

Housing Wire

SEPTEMBER 17, 2024

The San Francisco -based Unison calls its new offering the Equity Sharing Home Loan. But it also differs from a typical HEI by including qualification and repayment terms that are similar to a home equity loan or home equity line of credit (HELOC). The maximum combined loan-to-value ratio on the property cannot exceed 70%.

Equity 459

Equity Loans Debt-to-income ratio Renovation 459

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. The human touch remains critical in mortgage lending.

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Technology Industrial Mortgages Development 448

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

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Loans Industrial Lending Technology 459

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

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Loans Mortgages Industrial Principal 447

Housing Wire

MAY 21, 2024

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. “There are more ways to make money than on loan fees for a broker.

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Loan Officer Loans Brokerage Equity 459

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.

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Lending Loans Loan Officer Equity 448

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. 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.

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Technology Industrial Mortgages Development 430

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. Loan details needing attention are routed to a professional for a better borrower experience.

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Loans Investor Closing Lending 434

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.

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Loan Officer Loans Technology Mortgages 427

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As And even those offerings generally do not convert into actual savings for clients.”

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Loans Loan Officer Mortgages Closing costs 482

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 397

Loans Mortgages Technology Development 397

Housing Wire

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology.

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Loans Mortgages Finance Lending 395

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. Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs).

Equity 434

Equity Loans Lending Investor 434

Housing Wire

JANUARY 8, 2025

This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. GridBase is a proven leader in title and lending technology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows. Why should lenders act now?

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Technology Title Lending Development 366

Housing Wire

OCTOBER 1, 2024

The three overarching themes in all of these conversations include: Operational efficiencies for delinquent accounts : QC teams are honing in on how effectively operational processes are managed for delinquent loans, from customer service to loss mitigation. Technology also plays a crucial role in managing the complexities of reporting.

Loans 427

Loans Pre-approval Marketing Staging 427

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. Unison’s Equity Sharing Home Loan is a second mortgage with a below-market interest rate. As of second-quarter 2024, U.S. homeowners have $11.5

Equity 432

Equity Loans Finance Mortgages 432

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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Loan Officer Loans Marketing Title 367

Housing Wire

NOVEMBER 11, 2024

New York-based digital mortgage lender Better.com launched a streamline refinance loan product on Monday that aims to help military veterans and service members save money on long-term interest expenses and closing costs. Better is now offering the well-known Interest Rate Reduction Refinance Loan (IRRRL) through the U.S.

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Closing costs Loans Closing VA loan 364

Housing Wire

DECEMBER 11, 2024

This rule amends the requirements for the sale of eligible single family mortgage loans insured by the [FHA] that have been assigned to the secretary of the U.S. Loan buyers must offer loss-mitigation options that are as or more generous than FHA loss mitigation options when buying loans through the program, according to the rule.

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Loans Sales Technology Inspection 397

Housing Wire

AUGUST 27, 2024

The update will also now allow 203(k) consultant fees to be financed for a limited 203(k) loan, and rehabilitation periods will be extended for both limited 203(k) loans (to nine months) and for standard 203(k) loans (to 12 months). FHA has also updated its FHAC guide to provide details for these changes.

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Loans Renovation Principal Finance 448

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. Sarah Wheeler: How does being an originator inform how you think about technology?

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Loan Officer Loans Technology Mortgages 370

Housing Wire

DECEMBER 10, 2024

OneTrust Home Loans , a DBA of CalCon Mutual Mortgage LLC based in San Diego , Calif., The division is also strengthening its partnerships with builders and real estate professionals while establishing robust referral programs to connect reverse MLOs with forward loan teams.

Lending 369

Lending Loans Mortgages Technology 369

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 459

Mortgages Loan Officer Loans Technology 459

Housing Wire

JANUARY 20, 2025

We actually need to manufacture the loan as quickly, compliantly and secure as possible and nothing more. Snyder: There’s a lot of really good vendors out there that provide a solution within that tech that is either user-based or loan-based and it just keeps adding up. Is that something that you’re thinking about?

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Technology Development Loans Branding 370

Housing Wire

APRIL 9, 2024

Rocket Mortgage ’s bet on artificial intelligence (AI) has resulted in a patented platform called Rocket Logic, which can automatically process nearly 90% of data points extracted from documents in a month and reduce by 25% the number of times a professional interacts with a mortgage loan year over year, the company claims.

Loans 487

Loans Technology Mortgages Finance 487

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.

Inspection 448

Inspection Mortgages Technology Lending 448

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 447

Mortgages Loans Technology Branding 447

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

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. Through employee feedback and work with its technology partners, Rate has optimized the platform and is ready for a broader marketing push to consumers.

Mortgages 435

Mortgages Technology Loans Development 435

Housing Wire

MAY 8, 2024

With the launch of our new web interface, originators now can select the solution that best aligns with their processes and meets their needs, while saving time and improving certainty in the quality of the loan,“ he added. workforce and “a growing number of Fannie Mae loan deliveries,” the GSE stated.

Mortgages 468

Mortgages Technology Loans Design 468

Housing Wire

JULY 10, 2024

Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Optimizing processes ZL: Can you describe the process improvements Acra Lending has implemented to streamline Non-QM loan origination and servicing?

Lending 441

Lending Technology Loans Mortgages 441

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 444

Mortgages Technology Banks Loans 444

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 459

Mortgages Loan Officer Technology Loans 459

Housing Wire

JULY 11, 2024

By focusing on these technological advancements, Opteon not only improves the appraisal process but also offers significant competitive advantages to its lender customers. Opteon’s approach to data collection addresses these challenges by integrating cutting-edge technology with professional expertise.

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Lending Technology Industrial Loans 466

Housing Wire

DECEMBER 3, 2024

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. Fortunately, home buying doesn’t have to remain confusing for new buyers.

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Finance Technology Loans Brokerage 397

Housing Wire

JANUARY 27, 2025

Integrated with ICEs industry-leading MSP loan servicing system , Servicing Digital provides homeowners with real-time access to detailed and personalized loan and property-related data anytime, anywhere. Thats why we built Servicing Digital to be so much more than a customer engagement platform.

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Equity Technology Loans Mortgages 367