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The Acra alternative: Inviting all borrowers to the party with non-QM options

Housing Wire

How can today’s mortgage lending market be summed up in one word? Acra Lending has done precisely that. Acra Lending is a proven leader in the space, and it has adapted and thrived despite market shifts. higher interest rates and elevated home prices create openings for non-QM lending. billion to $3.47

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Floify launches lending platform for mortgage brokers

Housing Wire

Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —

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Polly CEO on using technology to improve margins

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there?

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Tim Bowler named president of ICE Mortgage Technology

Housing Wire

Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Tyrrell joined Ellie Mae in 2002, where he was promoted to executive vice president in 2013 from chief operating officer and senior vice president. Timothy Bowler, president of Intercontinental Exchange, Inc.

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People movers: Notarize, RE/MAX and Planet Home Lending

Housing Wire

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth.

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What happens when borrowers have more control of the lending process?

Housing Wire

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

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Mortgage Credit Availability Increased to Highest Level Since April 2023

Appraisal Buzz

The report, which analyzes data from ICE Mortgage Technology, was benchmarked to 100 in March 2012. A decline in the index score indicates that lending standards are tightening, while increases in the score are indicative of loosening credit. Mortgage credit availability increased in October, rising to a score of 99.2

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