Appraisal Buzz

MARCH 11, 2025

Mortgage credit availability increased 1.4% on the Mortgage Bankers Associations (MBA) Mortgage Credit Availability Index (MCAI). The index, which uses data provided by ICE Mortgage Technology, was benchmarked to 100 in March 2012. in February compared with January, rising to a score of 100.4

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Mortgage Government Lending Investors 195

Appraisal Buzz

NOVEMBER 15, 2024

Mortgage credit availability increased in October, rising to a score of 99.2 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The report, which analyzes data from ICE Mortgage Technology, was benchmarked to 100 in March 2012.

Mortgage 195

Mortgage Government Lending Technology 195

Appraisal Buzz

AUGUST 8, 2024

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 March 2012, the index was benchmarked at 100. In July, the MCAI increased by 3.3%

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Mortgage Government Lending Construction 396

Housing Wire

MARCH 7, 2022

Lenders One Cooperative announced on Monday that it has struck a deal to lease retail space in Walmart stores to sell mortgage products and services. ” Walmart isn’t the first warehouse-style retailer to offer mortgage products on location. Neither company offered mortgages. The post Welcome to Walmart.

Retail 488

Retail Mortgage Lending Real Estate 488

Housing Wire

FEBRUARY 16, 2021

Writing about digital mortgage in 2021, I am reminded of a cartoon in the New Yorker, in which two cavemen were starting a fire and one said “Stop saying everything is ‘unprecedented.’” I can set filters for my partner search on Bumble, so why can’t I filter results for a mortgage broker? 1 Personalization. 3 Self-driving banks.

Mortgage 534

Mortgage Technology Loan Officers Business 534

Housing Wire

OCTOBER 13, 2021

Chicago-based mortgage originator Interfirst Mortgage Co. has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. billion in 2012 to $2 billion in 2016. The post Interfirst Mortgage raises $175 million appeared first on HousingWire. and former U.S.

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Mortgage Investors Investing Loan Officers 428

Housing Wire

JANUARY 25, 2021

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. Analyzing over 8.5

Mortgage 529

Mortgage Home Value Real Estate Finance 529

Appraisal Buzz

JUNE 7, 2024

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 index was benchmarked at 100 in March 2012. The MCAI increased by 0.1%

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Mortgage Government Design Lending 343

Housing Wire

SEPTEMBER 4, 2024

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18 , which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage ( HECM ) program claims proposed in July. HERMIT was launched by HUD in October 2012 after a protracted development cycle.

Mortgage 459

Mortgage Legal Development Insurance 459

Housing Wire

FEBRUARY 2, 2022

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Additionally, the lender promises borrowers a “personalized approach” and “access to veteran mortgage professionals.”.

Mortgage 370

Mortgage Technology Lending Modernization 370

Housing Wire

AUGUST 26, 2024

Proptech HomeLight has raised $20 million to expand the offering of its Buy Before You Sell product to mortgage lenders and real estate agents across 40 new states, the company announced on Monday. million in 15 funding rounds with 25 investors since its inception in 2012. According to Crunchbase estimates, HomeLight has raised $762.5

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Real Estate Agent Real Estate Loan Officers Tools 481

Housing Wire

AUGUST 28, 2024

Snapdocs, founded in 2012, works with hundreds of mortgage lenders and title companies, as well as 100,000-plus settlement agents and 140,000 qualified notaries. It supports one in four residential real estate transactions in the country, according to the firm. Snapdocs also said it enables lenders to close 1.5

Technology 432

Technology Lending Real Estate Tools 432

Housing Wire

OCTOBER 28, 2020

Tomo Networks , a Connecticut-based digital mortgage startup, just picked up $40 million in a seed round as it mobilizes to build a compelling product in an increasingly crowded market. . The pandemic has dramatically increased the adoption of digital mortgage tools. Find out what those are here. Presented by: Snapdocs.

Real Estate Agent 486

Real Estate Agent Mortgage Real Estate Tools 486

Housing Wire

MAY 3, 2024

The dismal 2024 mortgage market has one very silver lining: $32 trillion in home equity. The biggest year of mortgage production , from 2021-2022, generated $4.5 I sat down with Deitch for a wide-ranging conversation on the ways lenders can claw back profitability through smart technology and products that meet the moment.

Technology 448

Technology Lending Mortgage Investing 448

Housing Wire

SEPTEMBER 15, 2023

Snapdocs , a leading digital closing provider for the mortgage industry, announced the promotion of Michael Sachdev from president to chief executive officer. Based in San Francisco and founded in 2012, Snapdocs powers millions of closings each year. I’m thrilled to be elevating Mike as our new CEO.”

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Technology Real Estate Business Mortgage 435

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace?

Technology 418

Technology Business Lending Training 418

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

Mortgage 370

Mortgage Loan Officers Insurance Business 370

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. The company also announced expectations to have a total of 219.6

Technology 397

Technology Valuation Mortgage Insurance 397

Housing Wire

DECEMBER 16, 2021

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 397

Technology Real Estate Agent Loan Officers Lending 397

Housing Wire

FEBRUARY 12, 2021

Tech giant Blend ‘s CEO and Co-founder Nima Ghamsari will join other housing luminaries at HousingWire’s Spring Summit March 4 to discuss mortgage disruption and what’s coming down the road for those in housing. Taking those lessons with him, Ghamsari decided to start Blend in 2012 along with his co-founders.

Technology 368

Technology Valuation Design Mortgage 368

Housing Wire

JANUARY 25, 2021

Real estate services and technology firm SitusAMC on Monday announced its acquisition of mortgage and title outsourcer Assimilate Solutions – the second acquisition by the New York-based firm in January, and its fourth overall in less than a year. Terms of the deal were not disclosed. 2021 by Ncontracts to name a few.

Technology 366

Technology Clients Real Estate Mortgage 366

Housing Wire

JUNE 26, 2024

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. From 2012 to 2019, Drayne served Ginnie Mae as SVP in the office of issuer and portfolio management.

Finance 390

Finance Government Technology Development 390

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 418

Architecture Real Estate Agent Loan Officers Real Estate 418

Housing Wire

SEPTEMBER 12, 2023

These current mortgage markets are what make it challenging for independent mortgage banks (IMBs). For many of these transaction-oriented, monoline mortgage lenders, it’s always a question of feast or famine. Mortgage loan volume in the second quarter of 2023 was down 56% from the same period last year, according to ATTOM.

Mortgage 418

Mortgage Investors Business Lending 418

Housing Wire

MARCH 29, 2022

Johnson, whose career with Fannie Mae spans for almost two decades, is currently responsible for leading the mortgage giant’s digital transformation , which includes overseeing Fannie Mae’s technology, data, enterprise models and operations. PennyMac Mortgage Investment Trust appointed Schultz to its board of trustees in May 2021.

Government 370

Government Lending Technology Mortgage 370

Housing Wire

SEPTEMBER 27, 2022

Treasury Department amended in August 2012 for the third time the so-called preferred stock purchase agreements (PSPAs) with the government-sponsored enterprises (GSEs) Fannie and Freddie. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase.

Investors 545

Investors Government Law Finance 545

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. With mortgage interest rates steadily on the rise and refinance volume dropping, originators should immediately consider tapping into products that are less interest rate sensitive.

Mortgage 397

Mortgage Clients Business Training 397

Housing Wire

JULY 24, 2024

Back in 2008, an artificial housing bubble burst due to reckless mortgage lending and speculative buying, leading to widespread foreclosures and a dramatic drop in home prices. The stock market and housing market crashes of 2008 traced their origins to the unprecedented growth of the subprime mortgage market. About 38% of U.S.

Real Estate 476

Real Estate Real Estate Agent Agents Client Relationships 476

Housing Wire

DECEMBER 7, 2020

Cooper , the nation’s largest nonbank servicer of mortgage loans, will refund customers nearly $90 million and pay a civil penalty of more than $6.5 2012 and Jan. We are holding Nationstar accountable for harming homeowners by improperly servicing their mortgage loans,” said Delaware Attorney General Kathy Jennings.

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Law Insurance Mortgage Investing 537

Housing Wire

MARCH 14, 2023

In a margin-compressing environment, California mortgage tech firm Blend Labs is betting that its newly launched composable origination tech will help the firm recover from its financial losses. Founded in 2012, Blend went public in 2021. In its latest third-quarter earnings, Blend reported a loss of $133.98

Insurance 397

Insurance Technology Business Lending 397

Housing Wire

AUGUST 21, 2023

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. The past year hasn’t been particularly good for tech or housing. The company was No.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

Housing Wire

APRIL 16, 2021

The dropping of the S-1 closely follows the mortgage tech firm’s big venture capital raise in January, in which it raised $300 million in a Series G round from Tiger Global Management and others. It has raised a total of $655 million since its founding in 2012, according to Crunchbase. In all, its technology platforms saw $1.4

Valuation 391

Valuation Technology Lending Investing 391

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. The mortgage industry has been moving in the direction of being more digital. Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added. trillion U.S.

Investing 508

Investing Loan Officers Technology Development 508

Housing Wire

DECEMBER 22, 2023

My goal with my career in mortgage is to help bridge the generational gap between mortgage professionals and next-generation borrowers. For Gen Z, technology is second nature Gen Z is considered those who were born between 1997 and 2012 — today, members of Gen Z are between 11 and 26 years old.

Real Estate 459

Real Estate Technology Finance Investing 459

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. The workforce reduction is also focused on mortgage loan production. In 2012, the historically low interest rates led to a boom in refinances, and the lender grew to $14.5

Human Resources 397

Human Resources Loan Officers Retail Training 397

Housing Wire

JANUARY 31, 2021

After a tumultuous year of disruption and uncertainty in 2020, mortgage servicing continues to change in order to meet consumer needs, regulatory demands and best practices. These regulations regarding mortgage compliance change regularly which impacts how servicers manage their portfolios. Allied Solutions CEO Pete Hilger.

Insurance 370

Insurance Clients Technology Mortgage 370