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Technologies, the umbrella company that includes the brokerage — will be used to develop the company’s AI platform known as S.MPLE. Through our best-in-class technology and creative approach and solutions, we are expanding at an unprecedented rate,” Serhant said in a statement. The investment — which is going to SERHANT.
Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Founded in 2011, the company is headquartered in Englewood Cliffs, New Jersey.
Her achievements at RE/MAX include being inducted into the brokerage’s Hall of Fame (2008) and Circle of Legends (2018), as well as a Lifetime Achievement award (2011). Fontaine cited Compass’ technology as a major source of her motivation to move herself and her team to a new brand.
ReverseVision , a reverse mortgage technology provider, announced on Monday its president, Joe Langner , will now serve as both president and chief executive officer after just nine months with the company. He also played a vital role in the leadership team that would eventually guide Ellie Mae to it’s 2011 IPO.
The availability of mortgage credit increased in January, according to a report issued by the Mortgage Bankers Association (MBA) based on data sourced from ICE Mortgage Technology. The MBA’s Mortgage Credit Availability Index (MCAI) increased in January to 92.7, and the Conforming MCAI rose by 0.2%
Right after the Great Recession, between 2009 and 2011, buyers viewed a median of 12 homes before purchasing, as inventory was plentiful. Besides inventory constraints, the NAR feels that technology has also contributed to the decrease in the number of homes buyers view before completing their purchase. month’s supply of homes.
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. We are unique in the sense that we’re building what we consider to be an elastic technology platform,” Krishna said.
Canadian real estate technology company Voxtur Analytics Corp. Anow, founded in 2011 and led by Marty Haldane, claims appraisers can manage orders, clients and fees with its dedicated consumer relationship management software. closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5
SimpleNexus, founded in 2011, is a homeownership platform that streamlines the mortgage experience for more than 300 independent mortgage banks, over 80 depository banks and credit unions, and more than 41,000 loan originators nationwide. banks and credit unions, where nCino currently has over 1,100 customers.”.
Verisk, headquartered in Jersey City, New Jersey, will add Jornaya’s proprietary technology – which tracks consumer behavior – into its suite of products geared toward insurance and financial services markets. million since its founding in 2011, according to Crunchbase. Venture-backed Jornaya has raised a total of $19.7
has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011. Chicago-based mortgage originator Interfirst Mortgage Co.
Additionally, technological advancements allowed companies to acquire and manage large portfolios of single-family homes more easily.” Studies GAO reviewed found that no investor owned 1,000 or more single-family rental homes as of late 2011,” the results said.
He served from 2011 to 2023 in various roles at government-owned company Ginnie Mae , where he helped to manage different elements of the mortgage-backed securities (MBS) programs. The Housing Policy Council (HPC) announced on Wednesday that it has appointed Michael Drayne as its new senior vice president of capital markets, effective July 1.
Venture capital-backed real estate technology firm Matterport will merge with a blank-check company and go public in a deal that values the startup at $2.3 Matterport, which has raised $114 million in venture-capital money since its founding in 2011, has seen a dramatic rise in usage since the advent of the COVID-19 pandemic.
Department of Housing and Urban Development (HUD), but in 2011, the oversight, enforcement and rulemaking responsibility was transferred to the Consumer Financial Protection Bureau (CFPB). 22, 2024, will mark the 50th anniversary of RESPA being signed into law by President Gerald Ford. It was originally overseen by the U.S.
“The outcomes of this program make our industry stronger and position Flagstar to continue to provide technology-enabled products to our customers.”. Explore three steps that enable technology to work more efficiently, which helps drive profitability. in 2010 and 2011. Presented by: Total Expert.
Most recently, the private-equity firm invested in Real , a technology-powered real estate brokerage in 2020, and perhaps most notably, e-recording provider Simplifile in 2013. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years.
The current rules have been applied by the Consumer Financial Protection Bureau (CFPB) since 2011. The FDIC recognizes that technology now has a role in the brokerage firm services provided and can impact its value. The FDIC said in its report that while it reduces time it does not necessarily mean that a service has less value.
Since then, we developed proprietary technology to improve every piece of the process but we officially revolutionized the mortgage industry when we launched Rocket Mortgage in 2015,” said Jay Farner, Rocket Mortgage CEO. It was the first lender to launch a mobile app in 2011. He bought it back from Intuit for $23.3
Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. That was softer than in 2011 when the market was still recovering from the housing crash and Great Recession. ” According to February’s report, annual home-price growth ended 2024 at 3.4%.
Thrive Mortgage Chairman Roy Jones said the company focuses on “having the best people with the most forward-thinking technology in the industry, all of which is propelled forward with this partnership with Lower.” Thrive was founded in 2011 in Georgetown. Snyder added that Thrive is a national lender with the same belief.
Appraisal management technology and compliance solutions provider Appraisal Logistics has named Anthony Savala as senior vice president of sales and Nicholas Turansky as national account director. Appraisal Logistics also owns the secure proprietary communications platform AIM-Port, which it has been using in all 50 states since 2011.
The Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) based on data analysis from ICE Mortgage Technology , indicates a drop in mortgage credit availability in September. Key Findings from the Mortgage Credit Availability Index: In September, the MCAI dropped by 0.5%
The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in June. In June, the MCAI increased by 1.0% The expanded historical series from 2004 to 2010 does not include updated methodology.
Langner has more than 30 years of senior leadership experience, driving growth at marquee mortgage technology and software companies. As a former executive vice president and chief sales officer at Ellie Mae , Langner helped execute the firm’s initial public offering in 2011.
In 2011, Peters took helm of the mortgage lender as CEO and served on the board for three of the almost seven years he lead the company. According to Lenderworks, Peters will be in charge of implementing the company’s growth strategy, as well as overseeing the expansion of its industry footprint. “We
Mortgage credit availability increased in May, according to the Mortgage Credit Availability Index (MCAI) , a report from the Mortgage Bankers Association (MBA) based on data from ICE Mortgage Technology. The MCAI increased by 0.1% A decrease in the MCAI suggests tighter lending rules, whilst an increase in the index indicates looser credit.
He co-led an investment in the provider of mortgage origination software Del Mar Datatrac , sold to Fiserv in 2005 and Ellie Mae in 2011. We seek to partner with companies that are creating new technology-enabled solutions to provide a greater offering for consumers,” the SPAC’s prospectus said. .
Founded in 2011 in Georgetown, Texas, Thrive originated $2.3 For AMSC, the deal enables access to Thrive’s technologies and structure in a challenging market, which, by some estimates, could shrink in half in 2023. We agreed that we don’t have tools and technology. It has 26 branches and 95 active LOs, Modex data shows.
At the time, Mark Freedle, executive vice president of production at Interfirst, said in a statement that the company’s “broker-centric approach offers the technology, competitive products, pricing and service to help our broker partners build and grow successful.”.
The Mortgage Credit Availability Index (MCAI) , a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in July. In July, the MCAI increased by 3.3% The expanded historical series from 2004 to 2010 does not include updated methodology.
Those loans, originated between 2007 and 2011, defaulted and led to claims to the FHA for mortgage insurance. Explore three steps that enable technology to work more efficiently, which helps drive profitability. LOs are only human — Tech is necessary to keep up with max loan volumes. Presented by: Total Expert. million of the $24.9
We have seen new ways of creating the same product, new technologies, new consumer preferences – the demands of time and money have hastened these changes. Next gen appraisers Several white papers have been developed on the declining number of appraisers dating back to 2011.
She also briefly worked at the Department of Housing and Urban Development as an attorney in the Office of General Counsel, from 2010 to 2011. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.
Foley also served as CEO of Fidelity National Financial from 1984 to 2007, as well as the executive chairman of Fidelity National Information Services, or FIS, from 2006 to 2011. How servicers can prepare for potential default wave.
In 2011, Fannie Mae repaired 89,800 such properties, and sold 244,000. The spokesperson highlighted a number of improvements to its REO maintenance practices, including adopting mobile technology and better fair housing compliance guidance for vendors. Instead, investors bought the run-down properties in bulk sales.
In July, DocuSign acquired Austin-based startup Liveoak Technologies for $38 million in an all-stock transaction. Virginia became the first state to authorize remote notarization via live audio-video technology in 2011 with the passage of House Bill 2318/Senate Bill 827.
Founded in 2011, SimpleNexus is a developer of mobile-first technology for loan officers, borrowers, real estate agents and settlement agents to manage the homeownership journey. nCino Inc. , When we first started nCino, our mission was clear: to transform the financial.
Arthur joined Westcor in 2011 and served as director of training prior to this new role. She specializes in developing and implementingcomprehensive training programs whileintegrating instructional technology to provide bothin-person and virtual education.
The space shuttle program finally came to an end in 2011, primarily due to its outdated design, aging technology, and its inability to meet the evolving goals of the organization. The primary reasons for this decision are its outdated design, aging technology, and inability to meet the evolving goals of the organization.
Atlantic Coast Mortgage (ACM) has been a trusted provider of home financing solutions since 2011. This was the smoothest technology roll-out we have experienced,” says Corey Shelton, chief marketing officer, Atlantic Coast Mortgage. This dedication extends to U.S. veterans, active-duty service members, and their families.
Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard, and title insurers; and technology and data companies, as senior vice president of capital markets. He began his career with Chevy Chase Bank’s mortgage banking operations.
The report, which analyzes data from ICE Mortgage Technology, was benchmarked to 100 in March 2012. However, despite the across-the-board increases, overall credit supply remains tight, with the index still near the very low levels of 2011-2013. Mortgage credit availability increased in October, rising to a score of 99.2
Founded in 2001 as a retail originator, Interfirst Mortgage expanded into wholesale in 2008 and added a correspondent channel in 2011. It was last year that the company raised $175 million , led by StoicLane, to fund new technologies. After origination volume plummeted nearly 86% to $2 billion in 2016 from $14.1
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