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How 2020 raised the stakes for the mortgage industry

Housing Wire

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. Quicken Loans started the game with their Rocket Mortgage “Push button, get mortgage” Super Bowl ad in 2016. Lenders immediately began to race to catch up.

Mortgage 433
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Digital mortgage startup Maxwell lands $16M in Series B

Housing Wire

Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. Increasing lending and servicing capacity – regardless of mortgage rates. Founded in 2016, Maxwell claims it has facilitated over $100 billion in loan volume to date through its platform. mortgage market. Presented by: Sutherland.

Mortgage 448
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EasyKnock faces consumer lawsuits and actions from state regulators

Housing Wire

District Court in Detroit, the suit alleges that EasyKnock uses a “deceptive and unfair lending scheme” to “lure homeowners with poor credit, but with significant home equity, into unlawful, usurious loans known as ‘Sell & Stay’ transactions.” EasyKnock was founded in 2016 and is based in New York City. The platform closed a $3.5

Lending 448
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ConsumerDirect Mortgage rebrands as Real Genius, introduces new tech platform

Housing Wire

ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Since 2016, we’ve helped more than 51,000 families with their mortgage needs, lending more than $15 billion,” said Thornton. Learn here! Presented by: Maxwell.

Mortgage 369
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Most good things change, and most change is good!

Appraisal Buzz

We all have seen the buzz phrases: appraisal modernization, bifurcation, data collectors, desktop and hybrid appraisals, and observation (rather than Inspection). We need to do this starting today to stay relevant and remain a viable option in the lending process! Some of these have been around for many years.

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HW Media acquires REAL Trends to combine two of real estate’s most powerful media outlets

Housing Wire

mortgage and housing markets and serves an audience of lending, servicing, investment and real estate market participants. This strategic acquisition will bring together a premier selection of verticals for modern real estate professionals across premium products in content, video, audio, events, and print. About HW Media.

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Community lenders will thrive in 2021’s purchase market

Housing Wire

The community lending segment has experienced impressive growth over the last 10 years. From 2010 to 2016, for instance, the top five depositories saw mortgage origination fall from 64% to 25% , a loss of ~$500 billion in originations.

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