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With technology rapidly advancing, Zumper is the latest company in the real estate industry to dive into artificial intelligence (AI) assistants. Advancements in AI have led to a surge of real estate companies looking to capitalize on the new technology. Zumper is a multifamily rental portal launched in 2012.
Daimler joined Zillow through its acquisition of Buyfolio in 2012. He has been a key driver of our numerous technology investments to digitize the industry. The leadership changes at Zillow are continuing. On Thursday the firm announced that Zillow Group President Susan Daimler is stepping down.
to 96.6the MCAI, a survey from the Mortgage Bankers Association (MBA) that examines data from ICE Mortgage Technology , shows that mortgage credit availability also ticked up in January. In March 2012, the index was benchmarked at 100. In January, the MCAI increased by 2.5%
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. In March 2012, the index was benchmarked at 100.
I get to work, in my opinion, at the company that’s got the best platform out there, that I’ve been fortunate to be along for the ride since going back to 2012, so I feel like I’m getting the keys to like a high performance vehicle already. SB: Our technology is amazing. What differentiates Rate’s tech?
Stout, a former mixed martial arts champion, embarked on his real estate career in 2012. eXps model provides unmatched support, cutting-edge technology, and a collaborative environment that allows my team to scale while maintaining exceptional service. His relentless drive and focus on team growth align perfectly with our mission.
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 March 2012, the index was benchmarked at 100. Government March 31, 2012=183.5.
The index which uses data from ICE Mortgage Technology was benchmarked to 100 in March 2012. A decrease in the index score indicates that lending standards are tightening, while increases are indicative of loosening credit. Credit availability for jumbo loans increased by 5.3%, while credit for conforming loans increased by 0.5%.
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. over December’s figure, based on initial benchmarking of the index to 100 in 2012. and the Conforming MCAI rose by 0.2%
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
According to its announcement, Realty of America will offer agents a technology suite and a compensation plan that includes revenue and equity sharing. Prior to Realty of America, Garcia was CEO of Realty of Chicago , a firm he had helmed since its launch in 2012.
Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA). The index was initially benchmarked to 100 in 2012. The Mortgage Credit Availability Index (MCAI) rose by 0.1%
The index, which uses data provided by ICE Mortgage Technology, was benchmarked to 100 in March 2012. A decline in the MCAI indicates that lending standards are tightening, while increases are indicative of loosening credit.
million in 15 funding rounds with 25 investors since its inception in 2012. The company is “deeply focused on building the tools and technology that solve the hardest problems that lenders face today in closing transactions,” Uher noted in a statement. According to Crunchbase estimates, HomeLight has raised $762.5
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 July. In March 2012, the index was benchmarked at 100. In July, the MCAI increased by 3.3%
The report, which analyzes data from ICE Mortgage Technology, was benchmarked to 100 in March 2012. 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). In October, credit availability for conventional loans increased 1.0%
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. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%
Based in San Francisco and founded in 2012, Snapdocs powers millions of closings each year. The company says it combines an “open platform, patented AI technology, the largest settlement network, and a team of industry experts to ensure digital closing success.” I’m thrilled to be elevating Mike as our new CEO.”
As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. Good technology should be the language loan officers use to communicate with their customers, not their replacement. #4 5 Technology becomes fintech.
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. Lenders are seeing costs rise, despite having made significant investments in technology and automation. “Lenders spend 66% on people and 6% on technology.
Another initiative is a cloud-based technology called Lenders One Loan Automation (LOLA), launched to automate the loan manufacturing process. In 2012, one-third of people surveyed said they would consider a mortgage from retailer Walmart and almost half would consider one from PayPal.
It has raised a total of $655 million since its founding in 2012, according to Crunchbase. Blend’s white label technology is what powers mortgage applications on the site of banks such as Wells Fargo and U.S. Since it was estabslihed in 2012, Blend has been run by its co-founders ? Presented by: FADT.
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%
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. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. Chicago-based mortgage originator Interfirst Mortgage Co.
Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Thornton founded Real Genius in 2012 as ConsumerDirect Mortgage, and the company was acquired by FirstBank in 2013.
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. Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform.
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. What are the building blocks of digital lending? Presented by: Wolters Kluwer.
Even in the midst of a banner year, originators have to keep one eye on the technologies and competitors that could upend their carefully crafted business strategy. Taking those lessons with him, Ghamsari decided to start Blend in 2012 along with his co-founders. The focus of the Spring Summit is The Year-Round Purchase Market.
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.
From 2012 to 2019, Drayne served Ginnie Mae as SVP in the office of issuer and portfolio management. 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.
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.
LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. Homelight , a platform for homebuyers and sellers, was No. The company was No.
Available in its Blend Builder Platform, users can build their own origination products, leverage integrations, and use modular blocks to resolve the complexity of an existing technology infrastructure, the company said in an announcement about the launch on Tuesday. Founded in 2012, Blend went public in 2021.
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.
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. We are the cohort succeeding millennials and have grown up with rapid technology progression, an increase in multi-generational households and the “influencer” era.
He is currently the chairman and CEO of Nocopi Technologies Inc. , Douglas Elliman agent Jessica Cohen claims that she told Lorber about being assaulted by the Alexander brothers in 2012, but the brokerage maintains that no formal complaint was lodged against them during their decade-long stint at the firm.
million in 2006 to about 999,000 by 2012. Embracing this shift, and the improved technology tools that are servicing this industry segment much more effectively, and offering comprehensive rental services can diversify revenue streams, support lead generation and provide stability during turbulent times. About 38% of U.S.
As in the proposed rule, the final ML also includes certain changes made in January 2024 to the Home Equity Reverse Mortgage Information Technology (HERMIT) system. HERMIT was launched by HUD in October 2012 after a protracted development cycle.
A comprehensive, technology-driven insurance servicing solution can monitor hazard, flood, wind and earthquake coverage while remaining compliant with the most recent state and federal recommendations and regulations. Allied Solutions CEO Pete Hilger.
After being promoted to CEO in 2012, Mayopoulos returned Fannie Mae to profitability, delivering more than $167 billion in dividends to the U.S. Treasury and introducing new technologies to the housing finance system. venture-backed technology and healthcare companies.
” According to Bodrozic, this blend of customized home data and advanced AI technology positions HomeZada as a powerful tool for homeowners looking to maximize the value of homeownership. Established in 2012, HomeZada is a fully integrated, cloud-based platform dedicated to digital home management.
With Healey’s signature, Massachusetts is now the 43rd state to legalize digital real estate closings, which started with Virginia in 2012. Governor Maura Healey on Wednesday signed legislation legalizing remote online notarizations ( RON ) to all notaries in the commonwealth. The law goes into effect on January 1, 2024.
Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. That digitization, he said, has been fueled by rapidly changing consumer expectations and increased confidence in the ability of lenders and other mortgage industry players to adopt new technologies quickly.
The young executive started his career in 2006 before transitioning into key management roles at Five Star Real Estate in 2012. Instead, he chose to focus on building a strong culture without relying on widely available technology to augment Five Star’s productivity. “I
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