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 448

Inspection Mortgages Technology Lending 448

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 366

Technology Title Lending Development 366

Housing Wire

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.

Mortgages 459

Mortgages Technology Staging Industrial 459

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

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 458

Mortgages Marketing Technology Lending 458

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. And it has more than doubled its customer partner base to include some of the country’s biggest banks, credit unions and mortgage lenders, according to the firm.

Mortgages 444

Mortgages Technology Banks Loans 444

Housing Wire

OCTOBER 22, 2024

To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship. Sagent’s platform represents a significant advancement in hardship resolution technology.

Mortgages 447

Mortgages Technology Design Investor 447

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based).

Industrial 459

Industrial Mortgages Technology Development 459

Housing Wire

SEPTEMBER 9, 2024

The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. “They can add up to several percentage points of the total mortgage amount. . At least when it comes to redundancies with refinancings, that is.

Mortgages 476

Mortgages Closing costs Title Technology 476

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

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 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. It is utilizing a cross-selling strategy that offers additional products to its existing customers in an evolving mortgage landscape.

Mortgages 448

Mortgages Technology Equity Industrial 448

Housing Wire

OCTOBER 17, 2024

Former Open Mortgage executive Brenda Hedeen has been hired by Utah-based Canopy Mortgage as its new chief financial officer. Hedeen was the CFO of Open Mortgage from May 2022 to October 2024. She also had CFO stints at On Q Financial and Mann Mortgage. The company is now focused on third-party originations.

Mortgages 459

Mortgages Loan Officer 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 455

Brokerage Mortgages Technology Branding 455

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 435

Sales Mortgages Loan Officer Technology 435

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

OCTOBER 10, 2024

I started doing weekly interviews with tech executives over a year ago to find out where technology was making a real difference in housing and to keep a pulse on trends — especially artificial intelligence (AI). Mortgage and real estate firms began developing use cases in 2023. Open AI launched the first version of ChatGPT on Nov.

Mortgages 441

Mortgages Technology Development Loans 441

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.

Mortgages 397

Mortgages Technology Principal Industrial 397

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 442

Mortgages Loans Marketing Technology 442

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. 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

NOVEMBER 26, 2024

Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank’s mortgage trading desk, the parties announced on Tuesday. Pylon, founded in 2022, has Peter Thiel, the co-founder and former CEO of PayPal , among its investors.

Mortgages 416

Mortgages Lending Equity Technology 416

Housing Wire

FEBRUARY 11, 2025

High interest rates and home prices are causing some prospective homebuyers to avoid applying for a mortgage. But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli.

Mortgages 360

Mortgages Renovation Technology Sales 360

Housing Wire

OCTOBER 16, 2024

Reggora CEO Brian Zitin said his company is looking to help mortgage lenders by removing the need to manually underwrite most appraisals. Reggora is believed to be the first company to do so based on the results of its appraisal technology, Reggora Appraisal Review. By contrast, sellers of loans through Fannie Mae repurchased $268.5

FHA loan 435

FHA loan Mortgages Loans Technology 435

Housing Wire

DECEMBER 30, 2024

While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them. Education and distribution can also likely be improved.

Mortgages 397

Mortgages Technology Loan Officer Industrial 397

Housing Wire

OCTOBER 28, 2024

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans 397

Loans Mortgages Technology Development 397

Housing Wire

FEBRUARY 3, 2025

The Tech100 Mortgage award recognizes the most innovative and impactful organizations driving the mortgage industry forward. More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending.

Mortgages 415

Mortgages Title Lending Loans 415

Housing Wire

AUGUST 20, 2024

The duo dive into several topics, including Lower’s transformed culture and leadership structure following its acquisitions of Thrive Mortgage and Universal Lending. Gillespie joined Lower last year after the acquisition of Thrive Mortgage.

Loan Officer 448

Loan Officer Mortgages Loans Technology 448

Housing Wire

JANUARY 17, 2025

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. That is bad news for banks like WaFd Bank, because it has made the business of originating mortgages for our portfolio unsustainable.

Lending 397

Lending Banks Mortgages Commercial 397

Housing Wire

JULY 31, 2024

In the ever-evolving world of mortgage servicing, delivering an exceptional customer experience at every stage of the customer’s journey is a crucial differentiator. Empowering teams with an agile culture Agility in mortgage servicing is what allows teams the freedom and ability to adapt quickly to changes and meet customer needs efficiently.

Mortgages 459

Mortgages Technology Industrial Development 459

Housing Wire

NOVEMBER 13, 2024

Founder and CEO Vishal Garg made a eye-popping statement when he opined that “in the next 10 years, 99% of the (mortgage) tasks will be completed by bots and 1% by humans.” “The bulk of the tasks that are required to process a mortgage are going to be performed by AI bots over the next 10 years,” Garg said in an interview with HousingWire.

Mortgages 369

Mortgages Loan Officer Loans Technology 369

Housing Wire

DECEMBER 3, 2024

As the mortgage world continues to see rapid tech advancements, staying ahead of the curve requires more than just keeping up — it demands leading the way. Companies like CLARIFIRE — a multi-year Tech100 Mortgage honoree — that delivers advanced automation solutions to servicers. Click here to nominate a tech organization.

Mortgages 359

Mortgages Technology Industrial Investor 359

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Debt-to-income ratio 418

Debt-to-income ratio Mortgages Loan Officer Banks 418

Housing Wire

SEPTEMBER 25, 2024

Applicants hoping to get a mortgage job in 2024. After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. Today’s focus is on cultural fit, innovative talent compensation strategies, and leveraging technology to stabilize workforce needs through economic cycles.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

Housing Wire

JULY 29, 2024

The mortgage world is fast-paced and constantly evolving, driven by shifts in laws and economic conditions. Both lenders and borrowers need to grasp these changes to skillfully move through the maze of mortgage regulations. Adapting to changes Success in the mortgage industry hinges on your ability to adapt.

Mortgages 450

Mortgages Lending Loans Industrial 450

Housing Wire

SEPTEMBER 30, 2024

Mauricio’s Umansky’s The Agency is getting into the mortgage business. The brokerage has entered into a joint venture with Barrett Financial Group to offer what the companies believe will be a wide range of mortgage products and streamlined underwriting to The Agency’s luxury clients.

Mortgages 434

Mortgages Lending Brokerage Loans 434

Housing Wire

SEPTEMBER 10, 2024

Ahead of that decision, mortgage rates continued to decline, although a surge of borrowers has yet to appear. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.47%, down 13 basis points (bps) from one week ago. Benchmark rates have been at a range of 5.25% to 5.5% since July 2023.

Mortgages 468

Mortgages Loans Marketing Technology 468

Housing Wire

AUGUST 12, 2024

Open Mortgage on Friday shut down its distributed retail channel and laid off more than two dozen employees. years after the Texas-based lender changed ownership and nine months after it exited the reverse mortgage business. The divisional closure comes 1.5 Open was founded in 2003 by Scott and Tana Gordon. In June, the U.S.

Closing 459

Closing Mortgages Loan Officer Loans 459