Housing Wire

AUGUST 16, 2024

billion in sales since 2018. Our team operates as a boutique group with a strong commitment to honesty, integrity, and making our clients’ days brighter with a touch of fun and a smile,” Denise Bodman, the group’s co-principal, said in a statement. These values align seamlessly with the Compass culture.

Principal 448

Principal Brokerage Development Construction 448

Housing Wire

OCTOBER 13, 2023

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. million in sales in 2022, according to the RealTrends 2023 America’s Best list.

Principal 459

Principal Brokerage Technology Agents 459

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

AUGUST 12, 2022

Fannie Mae has launched its fourth reperforming-loan sale of the year — an offering of 6,130 loans with an unpaid principal balance of $997 million. million in unpaid principal balance; pool 2 is at $342.5 The reperforming-loan sale is slated to close by late October 2022, after due-diligence period.

Loans 397

Loans Purchase and sale agreement Principal Due diligence 397

Housing Wire

OCTOBER 19, 2023

This positions our associates to adapt and thrive in the market from both a business growth and technology innovation standpoint,” Matthew Mullin, principal and founder of The Mullin Blankfeld Group, said in a statement. “It It ranked 8th for residential sales volume, with a total of $46,687,375. The Blankfeld Group came in No.

Principal 435

Principal Technology Equity Residential 435

Housing Wire

AUGUST 14, 2024

billion in unpaid principal balance (UPB). On Wednesday, UBS chief financial officer Todd Tuckner told analysts during an earnings call that the sale of Credit Suisse’s U.S. According to Inside Mortgage Finance (IMF), SPS was the 20th-largest U.S. primary mortgage servicer at the end of June, handling $166.7 36 in the IMF ranking.

Banks 435

Banks Closing Principal Residential 435

Housing Wire

JULY 1, 2024

Devon Bevis Senior Vice President Correspondent & Co-Issue Sales Mr. Cooper Dionna Hall Chief Executive Officer Broward, Palm Beaches & St.

Lending 493

Lending Technology Mortgages Equity 493

Housing Wire

FEBRUARY 17, 2021

Alexander, now rebranded as @properties , is a four-year-old firm with 45 agents and $120 million in 2020 sales volume that has so far focused on downtown Detroit. billion in 2019 sales, according to RealTrends. Few real estate brokerages in 2021 say their technology is anything less than second to none.

Brokerage 418

Brokerage Principal Technology Equity 418

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. This was the result of strong execution and continued expansion in the gain-on-sale margin.” Rocket generated $22.2

Principal 448

Principal Loans Technology Mortgages 448

Housing Wire

NOVEMBER 4, 2022

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.”. The lender’s gain-on-sale margins dropped to 52 bps points from the previous quarter’s 99 bps. UWM had $799.5

Principal 87

Principal Loan Officer Loans Mortgages 87

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? A significant opportunity To be sure, there are title agencies eager to partner with CRE principals and funds. Market conditions have certainly trended downward for residential or commercial real estate.

Commercial 448

Commercial Brokerage Due diligence Title 448

Housing Wire

MAY 9, 2024

With our strong balance sheet position, we are executing judiciously across all our capital priorities including investing in our organic growth, selectively pursuing accretive acquisitions, and enhancing technology and servicing capabilities, while also returning capital to stockholders.” Net revenue sharply increased to $231.8

Principal 395

Principal Technology Mortgages Loans 395

Housing Wire

MAY 9, 2024

The quarter’s positive performance was supported by increased origination volumes at improved margins and servicing sales, which resulted in a non-GAAP net income of $141 million from January to March, compared to a $361 million loss in the previous quarter. billion in unpaid principal balance (UPB), compared to $299.5

Sales 273

Sales Principal Loans Mortgages 273

Housing Wire

AUGUST 1, 2024

Despite some signs of a gradual recovery in home listings, sales affordability remains at historic lows due to persistently high mortgage rates and rising home prices.” Gain-on-sale margins for Q2 2024 were 299 basis points, down from the prior quarter’s 311 bps. And we feel confident that they will benefit us disproportionately.”

Marketing 447

Marketing Equity Loans Principal 447

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

AUGUST 6, 2024

Volumes will increase, as will gain-on-sale margins. Gain-on-sale margins for UWM declined to 106 basis points in the second quarter, compared to 108 bps in the previous quarter and 88 bps in the same period last year. billion in unpaid principal balance (UPB), compared to $299.7 to 8% range. billion in Q2 2023. million in cash.

Loans 476

Loans Principal Mortgages Sales 476

Housing Wire

AUGUST 2, 2021

Vice President of Technology Services. Nexsys Technologies. Principal and Chair, Financial Instituions Regulatory Practice Group. Head Strategy and Sales. VP, Sales Training. SVP, Enterprise & Strategic Sales. Head of Sales & Operations. Executive, Software Engineering & Technology.

Title 418

Title Lending Finance Technology 418

Housing Wire

FEBRUARY 13, 2023

I’m excited to help us innovate our operations and leverage technologies to build on that advantage…” Prior to joining Deephaven, Drago was the chief operations officer for the Southeast and Mountain West divisions of Guaranteed Rate. among others. million security backed by non-QM mortgages.

Mortgages 397

Mortgages Principal Banks Equity 397

Housing Wire

SEPTEMBER 9, 2021

Lenders that may have been holding out on embracing automation and technology were forced to adapt at breakneck speed to continue to serve customers. Technology that had long been available, but never saw the level of adoption the industry would have hoped for, was now in high demand. Technology as the new table stakes.

Mortgages 448

Mortgages Technology Inspection Closing 448

Housing Wire

MAY 1, 2023

Take a minute to look through the full list of this year’s list of honorees below. Congratulations to the 2023 Rising Stars!

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

MAY 5, 2021

“Interest rates began to rise in late Q1, and there has been a corresponding reduction in market opportunities and gain on sale margins as a result. “As we focus on long-term growth trajectory and build on our momentum, we will continue to invest in brand, people, and technology,” said Pat Flanagan, loanDepot’s CFO.

Marketing 403

Marketing Technology Branding Loans 403

Housing Wire

MARCH 1, 2023

wholesale lender, maintained flat gain-on-sale margins relatively in the fourth quarter of 2022, despite competitive pricing initiatives. “In 2023, we will continue to invest in technology to serve the broker channel and products that put brokers in a position to win,” Ishbia said. UWM, the top U.S. UWM had $312.5

Principal 369

Principal Loans Mortgages Technology 369

Housing Wire

AUGUST 9, 2023

Unlike others that are more reactive to cyclical market conditions, we will continue to be aggressive in our technology and product investments. The company’s total gain-on-sale margins decreased to 88 basis points in Q2 2023, compared to 92 bps in Q1 2023 and 99 basis points in Q2 2022. million net loss in the previous quarter.

As-is 370

As-is Principal Mortgages Loans 370

Housing Wire

JULY 30, 2024

“When the terms of the NAR settlement came out and there was the piece about compensation and the MLS, I had been in a meeting with some of my top listing agents, who have sometimes up to 50 listings, discussing how they are going to handle this,” said Kacy Bell, the operating principal of Keller Williams Greater Des Moines.

MLS 459

MLS Technology Agents Design 459

Housing Wire

AUGUST 7, 2023

billion, which the brokerage attributed to a 19% year-over-year decrease in transaction sides to 54,207, combined with a decrease in the average home sale price, as the brokerage’s gross transaction value dropped 26% year over year to $56.8 Compass’ free cash flow win came despite a 26% annual drop in revenue to $1.5 Maryland and Virginia.

Brokerage 370

Brokerage Principal Title Equity 370

Housing Wire

MAY 10, 2023

” As UWM’s executives indicated in the previous quarter, the company’s total gain-on-sale margins increased to 92 basis points in Q1 2023, compared to 51 bps in Q4 2022 and 99 basis points in Q1 2022. billion in the unpaid principal balance of MSRs as of March 31, 2023, compared to $312.5 UWM had $297.9

Loans 397

Loans Principal Mortgages Technology 397

Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

Industrial 397

Industrial Mortgages Loans Principal 397

Housing Wire

DECEMBER 13, 2024

This challenging environment, marked by high operating costs and low origination volumes, has pushed lenders to operate leaner than ever, as evidenced by reports from the Mortgage Bankers Association that independent mortgage bankers have reduced their sales and non-sales staff by 44% since 2022.

Pre-approval 370

Pre-approval Investor Loans Technology 370

Housing Wire

NOVEMBER 17, 2022

Government and conforming loans held for sale would have a 20% risk weight. Other loans held for sale would have a 50% risk weight. ” A multiple is a measure of the price of an MSR loan pool, which is expressed as a percentage of the unpaid principal balance divided by the servicing fee.

Marketing 448

Marketing Lending Loans Principal 448

Housing Wire

DECEMBER 29, 2023

Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support. Matt Weaver , VP of mortgage sales at CrossCountry Mortgage I recently got licensed in the state of Ohio because that’s where I’m from.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

JUNE 20, 2023

Homebuilders are responding to an increase in new home sales and an extremely low level of existing home inventory by getting a jump start on new projects. Hence, more buyers are visiting builders’ model homes, attracted by availability, new technology, higher efficiency and, in some cases, the benefit of a warranty. Census Bureau.

Principal 397

Principal Construction Technology Marketing 397

Housing Wire

AUGUST 26, 2022

This could take time away from sales and put more pressure on finding ways to automate. HW: Mortgage technology is accelerating quickly and originators are rushing to keep pace. Additionally, we work continuously to enhance our technology to offer a more streamlined experience for our partners.

Mortgages 370

Mortgages VA loan Loans Technology 370

Housing Wire

AUGUST 17, 2023

The first thing we go through when I work with real estate brokerages — whether it’s in helping them to streamline their technology or to prepare for sale — is their financials. Create a list of vendors and products you’re using, monthly costs and other pertinent details like the sales rep, website and contract terms.

Technology 366

Technology Principal Brokerage Agents 366

Housing Wire

SEPTEMBER 30, 2022

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. The 10-year note went from 3.51% to 3.72% in the same period.

Mortgages 482

Mortgages Fixed-rate mortgage Loans Loan Officer 482

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Lending 370

Lending Title Mortgages Equity 370

Housing Wire

MARCH 12, 2024

President and CEO Frank Martell said in a prepared statement that the company made progress last year by “significantly resetting its cost structure and making critical investments in our technology platforms and business processes.” But its pull-through gain-on-sale margin was 2.75% last year, better than the 1.94% registered in 2022.

Principal 448

Principal Mortgages Equity Technology 448

Housing Wire

DECEMBER 11, 2023

We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We ICE Mortgage Technology estimated tappable home equity – the value borrowers can borrow while still preserving at least a 20% equity stake in the home – was $10.6

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482