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Adoption of remote online notarization soared 547% in 2020, according to a new survey from the American Land Title Association of major vendors working in the RON space. Additionally, use of this technology is trending up significantly in Midwestern states. How to prevent wire fraud while increasing production.
CEO Steve Rovithis founded the company to offer agents and clients alternative methods to “traditional franchise models.” in both 2020 and 2021. in both 2020 and 2021. ROVI also makes use of technology and specialized services, including listing and transaction coordinators.
billion in profits for 2020. “Rocket Companies’ record-breaking fourth quarter and full year 2020 results demonstrate the sheer power of the technology platform we have built and refined for more than two decades,” Jay Farner, Rocket Companies’ vice chairman and CEO, said in a statement on Thursday.
The Arizona Regional Multiple Listing Service (ARMLS) announced a partnership with Lone Wolf Technologies that will give ARMLS subscribers access to a tool designed to give agents information to guide their clients through an uncertain market. ” This isn’t Lone Wolf’s first partnership with an MLS this year. .
He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.
The team was brokered at Douglas Elliman since 2020 and works across all sectors of the real estate market, from multimillion-dollar mansions to starter homes. “This move allows me to focus on selling homes while leveraging technology to streamline operations and deliver the best results for my clients.”
These commonly referenced models rely upon outdated mathematical tools rather than taking advantage of advances in data and technology, and aren’t granular enough to be valuable. This combination of modern math, instant insights and micro-market granularities are the true value differentiators appreciated by Radian’s clients.
As one of the largest correspondent investors in the country, AmeriHome is focused on being a consistent, reliable partner to its clients. In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions.
As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgage technology to connect with consumers in new ways and grow their businesses. You want to maintain that ‘good feeling’ with your clients. No paper or printing is a huge cost saver.”.
For the last two years, Campbell has worked to select, implement and adopt more than 14 technologies for an end-to-end digital mortgage solution including an MOS, POS, and COS, collaborative operating system for BI data across all tools. The post 2020 HW Tech Trendsetter: Katherine Campbell appeared first on HousingWire.
We’ve experienced the important role technology can play in helping homeowners access the tools and solutions their mortgage servicer is offering. We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”.
I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
Intercontinental Exchange (ICE) Mortgage Technology reported operating income of $57 million in 2022, down from last year’s $397 million — a reflection of the headwinds the mortgage industry is facing. More than 60% of the clients renewed their subscription at a higher rate than they did at the beginning of the quarter, Jackson explained.
Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. ICE acquired Ellie Mae in 2020 from Thomas Bravo for $11 billion. “In ICE’s appointment of Bowler as incoming president ICE Mortgage Technology comes at a crucial time for the company.
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.
Final Offer’s new feature gives agents a new avenue of communication with clients looking for unique listings. According to the company, PX allows agents to share “pre-market” and “off-market” properties with clients via a private channel. Some agents call any non-MLS listings “ pocket listings.”
In 2020, Rocket’s parent company notched $9.4 decline from the prior year, even though mortgage originations actually rose to $351 billion, up nearly 10% from 2020. billion in loan originations, down 30% compared to the same period of 2020 and 13% compared to the third quarter of 2021. Rocket’s net income fell 69.5%
Tyrrell has more than 25 years of experience in mortgage, finance and technology, serving as president of ICE Mortgage Technology for three years after ICE bought Ellie Mae in 2020. Tyrrell was in leadership at Ellie Mae for more than 10 years and served as COO before the company was acquired in 2020.
San Francisco-based fintech Polly has hired Parvesh Sahi, a former executive from ICE Mortgage Technology , as chief revenue officer to scale the business in a highly competitive mortgage environment. Ellie Mae was acquired by Intercontinental Exchange (ICE) in September 2020.
We reached out to Stephan to discuss how Fannie Mae is working to support both clients and consumers during this unique time for the mortgage industry. HousingWire: Where are you prioritizing technology resources as we navigate the second half of 2020 and prepare for 2021? Stephan is a 2019 HousingWire Tech Trendsetter.
Mortgage advisory firm Stratmor Group has merged with Teraverde , a mortgage advisory firm and technology solutions provider, in a deal that the companies say will allow them to expand the markets they serve and the depth of services provided. The terms of the deal were not disclosed.
HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. This will result in a major shift in how people use their homes and where they want to live.
Last spring, the housing industry was forced to pivot its traditionally in-person processes and harness available technology resources amid the spread of COVID-19. Technology needs to support the business, not define how the business operates,” Crisenbery said. “We This interview has been lightly edited for length and clarity.
The LoanLogics platform provides technology automation for mortgage document processing and data-driven audit software that improves efficiency, enhances transparency, streamlines commerce, and reduces risk. ” Bill Neville, LoanLogics CEO, said the current mortgage technology market has an estimated value of more than $10 billion.
You can network and build community with other agents worldwide, keep up-to-date on the latest industry trends, stay motivated when you’re feeling discouraged, learn directly from some of the top real estate leaders, and even potentially find new clients! Use these groups to find homes for picky buyers or find deals for your investor clients.
As president and CEO, Donnellan ensures the delivery of top technology, data and customer service to Bright MLS’ subscribers. Donnellan and his team understand their role in helping the real estate professionals of the Mid-Atlantic navigate their rapidly-evolving industry and provide maximum value back to their clients.
We are pleased that our partnership with CertifID has allowed their clients to better mitigate and manage the risks now associated with real estate transactions. We highly encourage businesses to utilize preventative technology paired with insurance for the utmost levels of protection.”
Recognizing the most innovative technology providers in the mortgage industry, MortgagePoints Tech Excellence Awards highlight the companies that have developed cutting-edge solutions, improved operational efficiencies, and have enhanced the mortgage process through technology. mortgage industry.
By the end of 2020, the company said it plans to expand its real estate operations in France, India, Mexico, Portugal and South Africa. In July, eXp acquired Showcase IDX , bringing a technology company focused on agent website and consumer real estate portal technology to the company. Already, eXp has agents in the U.S.,
The company said it will be using generative artificial intelligence (AI) and machine learning technologies to provide customers with personalized recommendations, credit management solutions, budgeting assistance and loan qualification tools. million in pre-seed funding in 2016.
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 million in cash paid on the closing date, $1.5 million in restricted shares of the company’s common stock (or 1.15
The Tech100 Real Estate Award recognizes the 100 technology companies that are changing the home sales process forever – from home search to lead management solutions, and remote closing to transaction management software. Cloudvirga saw more than 300% growth in applications in 2020 for its intelligent digital mortgage platform.
Each year, HousingWire selects 50 of the most impactful and innovative technology leaders serving the housing economy. For the third year in a row, the Tech Trendsetters award program recognizes the people who drive innovation for their mortgage and real estate clients. Want more information about the program? Have someone in mind?
According to a release from Volly, the acquisition of Home Captain’s technology will extend the company’s reach into the real estate realm. Co-mingling of the two companies previously took place in October 2020, when the tech providers announced an integration partnership.
Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). Holtz’s career includes five years as senior director of internal communications at Ellie Mae , which was acquired by ICE in 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. HousingWire: How has COVID-19 impacted technology strategies for mortgage lenders? HousingWire’s nominations are now open for our 2020 Tech Trendsetters.
HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. This technology became essential amid social distancing guidelines.
Nicole Reed leads the team, which since 2020 has sold more than 300 homes with a total value of $80 million. Real’s technology platform and its ProTeams program piqued my interest,” Reed said in a statement.
Velox Valuations, a leading national real estate appraisal firm, has announced the launch of two new franchise territories, further expanding its innovative, technology-driven business model across the United States. This approach ensures precise, consistent, and accountable appraisals.
When it comes to common pain points lenders are seeing in the second half of 2020, handling high loan volumes continues to loom large. Its strong company culture was also recognized in 2019 and 2020 earning a certification as a “Great Place to Work.” This is a huge value for our clients when it is crunch time.”.
HousingWire recently spoke with Keith Murray, president and CEO of VRM Mortgage Services, about the importance of diversity in an organization and how VRM has continued to serve its clients in an unusual year. HousingWire: The term we keep hearing to describe 2020 is “unprecedented.”
For [mortgage servicers and lenders], demands for technology responsiveness and capabilities are at an all-time high,” said Jane Mason , Clarifire founder and CEO of and a 2019 HousingWire Tech Trendsetter. “As HousingWire: How has COVID-19 impacted technology strategies and roadmaps for mortgage lenders?
Based in Madison, Wisconsin, the team of eight had been affiliated with Keller Williams Realty Madison East since its debut in 2020. “We We are thrilled to be among the first teams to join Compass in Wisconsin,” Crim said in a statement. The team specializes in buyer and seller representation as well as new construction. It even ranked No.
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 compared to 2020. So, it wasn’t a huge leap for me,” he told HousingWire.
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