Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 369

Insurance Real Estate Technology Loan Officers 369

Housing Wire

DECEMBER 1, 2020

Chandler is the architect behind FormFree’s flagship product, AccountChek, which disrupted an industry by introducing automated asset verification to the home lending space. Lender clients have benefited from FormFree’s ability to reduce average time-to-close by up to 10 days or more.

Lending 239

Lending Clients Mortgage 239

Housing Wire

DECEMBER 7, 2020

HousingWire recently spoke with Mike Fierman, managing partner and co-CEO of Angel Oak, about the non-QM lending outlook for 2021 and how Angel Oak’s “originate to hold” model benefits originators. The vertically integrated partnership also yields benefits for Angel Oak wholesale clients through surety of execution.

Lending 296

Lending Clients Investing Investors 296

Housing Wire

FEBRUARY 28, 2021

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin.

Clients 358

Clients Home Value Design Tools 358

Housing Wire

JANUARY 11, 2021

Even with total credit risk transfers (CRT) and non-QM lending trending down due to seasonality, some observers are predicting a strong beginning to 2021. Officials with dvo1, a lending markets analytics company , remain encouraged by low levels of new impairments, which reached pre-pandemic levels in both CRT and non-QM.

Lending 218

Lending Clients Marketing Mortgage 218

Housing Wire

JANUARY 15, 2021

WFG reports its highest volume months ever during Q2 and Q3 of 2020. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. Presented by: WFG.

Lending 288

Lending Retail Valuation Mortgage 288

Housing Wire

OCTOBER 30, 2023

In his new position, Schneider will oversee “Cenlar’s banking, financial, client management, core operations, default operations, borrower operations, transfer operations and project management businesses,” according to a press release. He then was promoted to senior vice president in February 2020.

Project Management 423

Project Management Lending Finance Clients 423

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. Our clients have a moratorium on evictions, so we are not actively pursuing these opportunities.

Lending 306

Lending Clients Investors Training 306

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. reAlpha provides a commission-free homebuying experience through an artificial intelligence-powered chatbot for its clients while also offering support from its in-house licensed agents. This consists of $1.5 This consists of $1.5

Brokerage 376

Brokerage Mortgage Real Estate Renovations 376

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. You’re probably thinking, “Uh, why on earth would she do that?”

Mortgage 497

Mortgage Clients Lending Home Improvement 497

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. billion in volume in 2020. in 2021 to $433 billion.

Renovations 374

Renovations Home Improvement Marketing Finance 374

Housing Wire

APRIL 24, 2024

In May 2020, Brenning also founded and led Amerisave Wholesale Mortgage Solutions , a technology- and service-driven wholesale lending platform. “I I look forward to collaborating with my colleagues to drive innovation, maximize productivity, and deliver exceptional service to our clients.”

Lending 324

Lending Investors Technology Clients 324

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 400

Loan Officers Technology Lending Tools 400

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. Unclear is what pressure eXp’s agents may feel to direct their clients to Success.

Mortgage 419

Mortgage Lending Brokerage Agents 419

Housing Wire

MARCH 17, 2023

Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor , said in an e-mailed response. Future development projects will follow this collaborative approach with our clients and strategic partners. Candor Technology Inc. ,

Mortgage 326

Mortgage Technology Clients Development 326

Housing Wire

FEBRUARY 24, 2021

VL: Our mission at Propertybase is to empower real estate and lending professionals to grow their businesses through collaborative technology. The Propertybase family of brands will create a community for our clients to transcend ancillary services – and we’re really just getting started.

Real Estate Agent 287

Real Estate Agent Real Estate Agents Loan Officers 287

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac.

Retail 404

Retail Tools Lending Technology 404

Housing Wire

SEPTEMBER 16, 2022

The lawsuit, which covers is known as “Echard v Wells Fargo Bank” and includes over 212,000 loans, likely played some role in Wells Fargo’s recent decision to pull back from mortgage lending. In March, Bloomberg reported that Wells Fargo in 2020 rejected more than half of Black homeowners’ refinancing applications.

Mortgage 459

Mortgage Lending Business Clients 459

Housing Wire

SEPTEMBER 18, 2020

As lenders continue to adjust to a new normal, the pivotal role of technology has become increasingly clear in maximizing productivity and keeping lending pipelines flowing. HW: Where would you advise clients and colleagues to focus their technology resources as we navigate the second half of 2020 and prepare for 2021?

Business 430

Business Lending Technology Clients 430

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 353

Mortgage Retail Lending Loan Officers 353

Housing Wire

AUGUST 3, 2021

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. “We have a significant portfolio of clients, roughly 2.5 thus far and counting.

Mortgage 436

Mortgage Clients Lending Technology 436

Housing Wire

FEBRUARY 2, 2023

In turn, the mortgage service company plans to capitalize on cross-selling products to clients, large home lending banks investing in their legacy infrastructure and increasing sales to new mortgage shops in 2023. “We Impacted mortgage professionals who are starting mortgage shops are becoming new ICE clients, executives said.

Technology 365

Technology Mortgage Clients Lending 365

Housing Wire

SEPTEMBER 15, 2020

Andy Crisenbery : COVID-19 has had a profound effect on almost all business lines in the real estate and lending markets. HW: Where are you finding opportunity to meet client needs and grow relationships? HW: Where would you advise clients focus their technology resources as we prepare for 2021?

Technology 432

Technology Lending Tools Clients 432

Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 billion in closed loans in the first quarter of 2020, more than double its originations in Q1 2020. billion, a dramatic increase from the $99 million in profit the first quarter of 2020. billion in the first quarter of 2020. Expenses rose to $1.74

Mortgage 444

Mortgage Real Estate Agent Real Estate Clients 444

Housing Wire

APRIL 8, 2022

Anthony combines a strong understanding of the business opportunities for mortgage brokers with a dedicated focus on education and client support,” John Keratsis, president and CEO of Deephaven Mortgage, said in a statement. This combination has led to his success building strong and profitable wholesale partnerships.

Lending 372

Lending Mortgage Business Clients 372

Housing Wire

FEBRUARY 17, 2022

Freddie Mac claims this would reduce the paper documentation burden on borrowers, speed loan closing and simplify the lending process. Out of about 35,000 individual workers surveyed in 2020, the American Payroll Association found that 94% received their checks via direct deposit.

Lending 541

Lending Mortgage Clients Business 541

Housing Wire

MARCH 25, 2021

The capital raise follows a $5 million Series A funding round in June 2020. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. Increasing lending and servicing capacity – regardless of mortgage rates. In 2020, the company says it surpassed $6 billion in monthly loan volume on its platform.

Mortgage 417

Mortgage Lending Technology Loan Officers 417

Housing Wire

MARCH 17, 2021

The product expansion is in response to servicers who “exhausted all efforts” to keep people in their homes during the COVID-19 pandemic and economic collapse of 2020, according to WFG Default Title Services Senior Vice President Dean Kirchen.

Real Estate Agent 359

Real Estate Agent Clients Real Estate Insurance 359

Housing Wire

MARCH 9, 2022

IDS, founded in 1986 and based in Draper, Utah, employs roughly 75 people and has over 450 clients, including U.S. What are the building blocks of digital lending? In late 2020, Wolters Kluwer GRC acquired cloud-based digital lending software firm eOriginal for about $280 million. mortgage lenders, banks and law firms.

Lending 338

Lending Government Law Insurance 338

Housing Wire

DECEMBER 12, 2022

According to Moody ‘s data, this channel’s average gain-on-sale margins reached 50 basis points in 2020 and were down to 20 basis points in the third quarter of 2022. Bank Home Mortgage and Planet Home Lending. According to Tidmore, Pennymac aggregates loans from about 770 clients of all sizes in the 50 U.S.

Marketing 401

Marketing Lending Retail Clients 401

Housing Wire

NOVEMBER 8, 2021

million loss in the same period of 2020. The total servicing portfolio increased 38% between the third quarter of 2020 and 2021, to $248 billion in total. Reverse origination, however, went from $230 million in the third quarter of 2020 to $428 million in the same period of 2021. The post Ocwen delivers a $21.5M

Lending 303

Lending Sellers Business Clients 303

Housing Wire

JUNE 16, 2022

The company pays as much as 90% of a home’s expected value for the HomeLight Trade-In product, launched in 2020. For the HomeLight Cash Offer program, also introduced two years ago, the firm makes an all-cash offer on the client’s behalf and holds the home until the client secures financing.

Brokerage 315

Brokerage Real Estate Lending Clients 315

Housing Wire

MARCH 25, 2021

Like every department within housing, marketing teams across the country were forced to re-strategize and tailor their programs to accommodate the changing climate of 2020. The HW Marketing Leaders make up the best and brightest minds in marketing within mortgage lending, servicing and real estate.

Real Estate Agent 340

Real Estate Agent Clients Tools Real Estate 340

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. The company added more than 4,000 employees in 2020 and 2021 when rates were record-low levels. Licensed in Washington, D.C.

Tenants 348

Tenants Loan Officers Finance Clients 348

Housing Wire

AUGUST 31, 2022

Xactus, which says it has more than 6,500 clients including bank and nonbank mortgage originators, uses its proprietary technology platform to close loans quickly. Since then, the firm acquired MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate in July.

Modernization 369

Modernization Technology Clients Insurance 369

Housing Wire

SEPTEMBER 11, 2020

Schreiner Gates, a technology veteran with more than three decades of experience, joined SimpleNexus’ board of directors in April 2020. Elsewhere in mortgage comings and goings, Chris Boyle has been named president of home lending at Roostify , bringing extensive experience in the mortgage lending ecosystem to the position.

Lending 295

Lending Valuation Technology Clients 295