Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

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Valuation Loan Officers Investors Finance 397

Housing Wire

MARCH 23, 2021

The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% Now is the time for lenders to tighten their procedures not only on recruiting and hiring practices, but also lending operations.

Lending 476

Lending Mortgage Sellers Technology 476

Appraisal Buzz

OCTOBER 4, 2021

The research is based on 12 million appraisals for purchase transactions submitted to Freddie Mac between 2015 and 2020 through the Uniform Collateral Data Portal. “An We’re uniquely positioned to investigate potential gaps and provide data-driven research like this to advance solutions that promote equity across the valuation process.

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Valuation Appraisal Contracts Finance 370

Housing Wire

OCTOBER 7, 2020

“The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. Stone also received October Research’s “Leadership Award” in September 2020. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Insurance Real Estate Technology Loan Officers 370

Housing Wire

JANUARY 15, 2021

WFG reports its highest volume months ever during Q2 and Q3 of 2020. The MSR valuation rose 12% over the prior quarter. The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. Presented by: WFG. billion in loans serviced in Q4 2019.

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Lending Retail Valuation Mortgage 356

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. Caliber is also among the 10 biggest GSE sellers, at nearly $34 billion in mortgages through August 2020.

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Valuation Retail Mortgage Inventory 447

Housing Wire

OCTOBER 25, 2024

However, this era is ending, leading to an expected increase in mortgage lending and an uptick in RMBS issuance, especially in H1 2025. Louis Fed , new business applications have exploded since the COVID-19 pandemic in 2020, roughly doubling and remaining elevated ever since. What is the catalyst that may cause it all to fall apart?

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Supply Chain Investors Insurance Lending 467

Housing Wire

AUGUST 3, 2021

The blockchain revolution may soon be coming to mortgage lending. According to Inside Mortgage Finance, Homebridge was the 28th-largest mortgage originator in 2020, originating about $26.4 In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2 billion in mortgages.

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Mortgage Architecture Lending Technology 516

Housing Wire

NOVEMBER 11, 2021

The Title I program insures mortgage loans made by private lending institutions to finance the purchase of a new or used manufactured home.). One of the updates to the program is enhanced value determinations, which will now “use a sales comparison approach” and allow for qualified FHA roster appraisers to perform valuations, the FHA said.

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Finance Valuation Insurance Lending 476

Housing Wire

APRIL 20, 2021

With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform. ICE, which acquired Ellie Mae for $11 billion in 2020, has been a serious player in the mortgage tech space over the last five years — particularly with M&A.

Mortgage 413

Mortgage Valuation Technology Lending 413

Housing Wire

NOVEMBER 3, 2020

As the premier provider of software, data and analytics solutions to the mortgage and capital markets industries, Black Knight further strengthened its position as a market leader with the acquisition of Optimal Blue in September 2020. Support strategic decisions with risk management and MSR valuation solutions.

Valuation 418

Valuation Tools Clients Government 418

Housing Wire

APRIL 14, 2021

JPMorgan Chase increased originations by 21% over the fourth quarter of 2020, but compressed margins ate away at the bank’s mortgage profits in the first quarter of 2021. Its mortgage servicing rights valuation was up 38% from the prior quarter, above Wall Street’s expectations. billion originated in the prior quarter.

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Mortgage Retail Lending Valuation 370

Housing Wire

FEBRUARY 7, 2023

Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. The company said it saw a consumer increase of 700% in 2020 and was used in about 20% of all real estate transactions in the country, representing more than $60 billion in mortgage value.

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Mortgage Technology Lending Valuation 369

Housing Wire

AUGUST 26, 2021

Stewart has been on an acquisition tear in the past 18 months, closing deals to acquire over a dozen companies — including Cloudvirga , NotaryCam , Pro Tek Valuation Intelligence , United States Appraisals , and A.S.K. In late 2020, Stewart acquired a significant number of Western U.S. per diluted share, for the second quarter 2020.

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Real Estate Valuation Investing Tools 418

Housing Wire

APRIL 11, 2022

The average production profit went from 157 basis points in 2020, a record high, to 82 basis points in 2021. Marina Walsh, vice president of industry analysis at the MBA, said in a statement that 2021 was another stellar year, with production profits well above average, however down 75 bps from the record-setting 2020. billion in 2020.

Lending 370

Lending Mortgage Valuation Inventory 370

Appraisal Buzz

NOVEMBER 3, 2021

Joan Trice, Founder and President of the CRN states, “gross living area (GLA) is one of the most important inputs in a valuation report. The CRN Standards Committee, chaired by Elizabeth Green, Chief Product Solutions and Data Officer for LoanLogics, is working to provide a resource to the residential mortgage lending industry.

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Valuation Development Technology Appraisal 370

Housing Wire

MAY 25, 2021

Combined with our newly acquired capabilities such as RON, a notary network and valuation services, Cloudvirga’s platform will accelerate our digital offerings in all markets, complement our existing capabilities and enhance our ability to provide customers with end-to-end mortgage services and solutions.”. million reported – up from the $78.6

Mortgage 435

Mortgage Valuation Loan Officers Retail 435

Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency.

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Insurance Lending Valuation Real Estate Agent 418

Housing Wire

AUGUST 31, 2023

For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. In its selling guide announcement , Fannie Mae wrote, “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.

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Modernization Appraisal Inspection Valuation 416

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.

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Lending Valuation Technology Clients 321

Appraisal Buzz

JUNE 10, 2021

Clario’s growth is unprecedented, expanding from 30 staff appraisers in 2019 to over 100 by the end of 2020, and is on target to employ 180 staff appraisers by the end of 2021. We specialize in real estate valuations for the mortgage lending and financial services industries. RENO, Nev. — Clario Appraisal Network, Inc.,

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Appraisal Valuation Training Real Estate 370

Housing Wire

NOVEMBER 29, 2022

in 2020 and 2021, up from 78.4% “Despite decades of government intervention and the growth of high-priced consultancies devoted to fair lending practices, there is clearly much work to be done,” said FairPlay CEO and report co-author Kareem Saleh. . in 2021 from 1990. AIR for Black homebuyers rose modestly to 84.4%

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Lending Government Mortgage Valuation 370

Housing Wire

JANUARY 28, 2021

Tune in February 2nd to experience demos from the most innovative loan origination and valuation tech companies. It originated a total of $38 billion in loans through the first three quarters of 2020, according to the S-1. in the first nine months of 2020, down from 3.2x The parent company of Homepoint originated $46.3

Retail 534

Retail Lending Valuation Mortgage 534

Housing Wire

MARCH 10, 2021

Refinances spiked in 2020, but with the COVID-19 pandemic keeping most people at home, a need arose for digital, easy-to-use and reliable tools that can result in consistent digital experiences for service partners and their clients. How hybrid title and valuations help increase lending efficiency.

Real Estate Agent 435

Real Estate Agent Valuation Real Estate Tools 435

Housing Wire

JULY 29, 2021

How fine-tuning MSR valuations can help lenders improve decision-making. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. Since March 2020, the Fed’s asset purchases have been split between $80 billion of U.S.

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Mortgage Valuation Investors Housing Market 448

Housing Wire

JULY 15, 2024

The Detroit-based lender also said that it allows the use of automated valuation models (AVMs) on home equity loans of up to $400,000, almost double the limit imposed by other competitors. Fawaz said alternatives to the conventional appraisal process can reduce time and costs.

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Appraisal Process Valuation Government Mortgage 448

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. billion valuation. 1, 2020, according to data from Recursion Companies. Finance of America operates through retail, wholesale and correspondent channels. It has sent $16.2

Finance 505

Finance Lending Retail Valuation 505

Housing Wire

OCTOBER 13, 2020

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020. billion in revenue from its home lending division in the third quarter, according to the investor presentation. The bank cited runoff from its mortgage portfolio – driven by a wave of refinancings – as a reason for reducing its reserves. .

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Business Mortgage Retail Investors 418

Housing Wire

APRIL 21, 2021

In the 30-minute question-and-answer session with Kristy Fercho, MBA’s chair-elect and executive vice president and head of home lending at Wells Fargo , Calabria said his expectations are that by mid-summer, the FHFA would end the flexibilities on collateral valuations unless circumstances force another extension.

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Real Estate Agent Valuation Appraisal Modernization 418

Housing Wire

DECEMBER 2, 2020

The lender and servicer has earned $345 million in the first three quarters of 2020, up 466% from $61 million during the same period last year. billion of it coming through its forward-lending arm. ” WFG reports its highest volume months ever during Q2 and Q3 of 2020. . billion valuation. The company funded $9.17

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Finance Lending Retail Valuation 259

Housing Wire

MAY 25, 2021

Freddie Mac also found a 50% increase in appraisals completed in 2020 compared to 2012, but no more appraisers on hand to complete those appraisals than there were in 2020. In 2020, the use of “blind” appraisal waivers reached staggering, record highs. Poor data visibility. And appraisal waivers would be informed, not blind.

Appraisal 369

Appraisal Valuation Real Estate Modernization 369

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. The total funding, since the startup’s launch in 2012, is about $645 million and its valuation is at roughly $1.7 Later that year, the firm acquired digital mortgage lending startup Eave to get into mortgage lending.

Brokerage 368

Brokerage Real Estate Lending Clients 368

Appraisal Buzz

AUGUST 9, 2021

There are many facets to the appraisal business: lending, non-lending work, residential, and commercial work. Who even knew about desktop valuations or evaluations? Understanding what drives interest rates should be of utmost importance to an appraiser that is doing predominately lending work.

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

JUNE 14, 2021

“The migration towards digital mortgages is progressing quickly, and we’re happy to have provided ICE with capabilities to enable fully-paperless lending workflows along with better supply chain connectivity.” ” In the past year, DocMagic has made headlines in the digital closing space.

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Technology Supply Chain Training Valuation 418

Housing Wire

APRIL 16, 2021

billion valuation. The company, led by CEO Nima Ghamsari and President Tim Mayopoulos, said it had a record year in 2020 – more than 300 consumer banks use its technology to process more than $4 billion of mortgages and other consumer loans per day. trillion in mortgages and other loans in 2020, Blend said.

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Valuation Technology Lending Mortgage 336

Housing Wire

OCTOBER 26, 2020

When it comes to common pain points lenders are seeing in the second half of 2020, handling high loan volumes continues to loom large. In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome.

Clients 397

Clients Valuation Technology Inspection 397

Housing Wire

JULY 6, 2021

Mortgage software platform Blend Labs set terms for its initial public offering Tuesday including its goal to raise up to $360 million for a targeted valuation of nearly $4 billion. But Mayopoulos has also stated that virtually “every aspect of mortgage lending can be improved through digitization.”. million and $96.0 million and $74.6

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Technology Mortgage Valuation Insurance 397