Housing Wire

FEBRUARY 24, 2021

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. HW: What steps in the real estate transaction could benefit from further digitalization?

Real Estate Agent 369

Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

OCTOBER 7, 2020

“The opportunity for a new player to come in 10 years ago, and be client-oriented and use technology to replace hierarchical management structures, is exactly the kind of firm lenders want to partner with today. Stone also received October Research’s “Leadership Award” in September 2020.

Real Estate 370

Real Estate Insurance Technology Loan Officers 370

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Like virtually all residential mortgage lenders, Chicago-based Guaranteed Rate had its best-ever year in 2020, originating about $73 billion in mortgages. It grew nearly 100% in 2020.

Loan Officers 448

Loan Officers Retail Technology Mortgage 448

Housing Wire

DECEMBER 1, 2020

Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge. The post 2020 HW Tech Trendsetter: Paul Akinmade appeared first on HousingWire.

Loan Officers 269

Loan Officers Retail Training Design 269

Housing Wire

FEBRUARY 16, 2021

As demonstrated in the brilliant UWM Superbowl ad , Millennial homebuyers are looking to technology to match them with the right partners in life, including their mortgage. However, the Point of Sale category took a turn for the better in 2020. 5 Technology becomes fintech. Technology startups are making banking more accessible.

Mortgage 534

Mortgage Technology Loan Officers Business 534

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

Loan Officers 468

Loan Officers Retail Business Mortgage 468

Housing Wire

MAY 26, 2021

The average time to close on a mortgage has decreased for a fourth consecutive month to 51 days, according to a new study from ICE Mortgage Technology. The percentage of purchase mortgages increased to 43% of total closed loans. That’s the highest share since August 2020, and up sequentially from 36% in March.

Mortgage 476

Mortgage Technology Loan Officers Tools 476

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.

Loan Officers 435

Loan Officers Technology Lending Tools 435

Housing Wire

AUGUST 13, 2021

This tipping point came after several years of rapid technology growth in our industry. The trends we elaborated on two years ago, pre-COVID, are now the standard: Digital is the new normal and technology is now the price of entry rather than a competitive advantage. To them it’s just “a mortgage application.”. MLS reinvented.

Loan Officers 476

Loan Officers Real Estate Agent Modernization Technology 476

Housing Wire

APRIL 7, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

AUGUST 31, 2020

According to Beeline, the company plans to unveil a new office in Charlotte in the fall of 2020 – followed by a new branch on the West Coast towards the end of the year. The company has developed an alternative to what is traditionally know as a loan officer role.

Loan Officers 431

Loan Officers Development Real Estate Technology 431

Housing Wire

SEPTEMBER 25, 2024

Different from the boom of 2020 and 2021, lenders now face a more fragile financial situation, an extended pool of experienced candidates, and the likelihood of a smaller refinancing wave. After the hiring frenzy of 2020 and 2021, which was followed by widespread layoffs, lenders are now more conservative in bringing on people.

Mortgage 459

Mortgage Loan Officers Retail Training 459

Housing Wire

MARCH 8, 2021

For many in the housing industry, the events of 2020 accelerated tech adoption. HousingWire sat down with Renata Sheyner, vice president of product at CreditXpert, to learn more about key technologies that lenders need to give more attention to. We expect 2020 – 2021 to be the sixth in the series.

Technology 445

Technology Lending Loan Officers Development 445

Housing Wire

FEBRUARY 22, 2021

Find the right mortgage with a local broker and Rocket technology,” intoned the narrator on the commercials, which premiered during the Super Bowl. The ads are mostly set not in a loan office, but a home showing. billion in profits through the first nine months of 2020.

Real Estate Agent 493

Real Estate Agent Real Estate Loan Officers Realtors 493

Housing Wire

SEPTEMBER 27, 2022

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. million to acquire the tech-enabled home loan platform, which does business in 20 U.S. It rebranded in summer of 2020. Presented by: Acra Lending.

Brokerage 370

Brokerage Lending Loan Officers Technology 370

Housing Wire

APRIL 14, 2022

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. Origination volumes eclipsed $4.3 in the broker channel.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

MARCH 25, 2021

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. The capital raise follows a $5 million Series A funding round in June 2020. mortgage market.

Mortgage 448

Mortgage Lending Technology Loan Officers 448

Housing Wire

FEBRUARY 25, 2021

How 2020 exposed a greater need for collaboration between real estate agents and LOs. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. In 2020, the business line accounted for the majority of the company’s revenue and expenses. Zillow Offers is currently in 25 markets.

Real Estate Agent 418

Real Estate Agent Home Value Real Estate Loan Officers 418

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 459

Retail Loan Officers Brokerage Lending 459

Housing Wire

MARCH 18, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.

Real Estate 459

Real Estate Real Estate Agent Loan Officers Technology 459

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 459

Retail Tools Lending Technology 459

Housing Wire

APRIL 7, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors.

Sellers 518

Sellers Real Estate Real Estate Agent Loan Officers 518

Housing Wire

JANUARY 27, 2022

The new capital will be invested in an “aggressive” hiring plan and technology expansion. In total, Vesta has raised $35 million since November 2020, when Mike Yu and Devon Yan, early employees at the cloud-based platform for banking products Blend , founded the startup. Investors backing Vesta also include Index Ventures.

Mortgage 397

Mortgage Investors Loan Officers Technology 397

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 397

Mortgage Loan Officers Retail Technology 397

Housing Wire

JANUARY 5, 2021

The platform allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS. billion.

Architecture 418

Architecture Real Estate Agent Loan Officers Real Estate 418

Housing Wire

OCTOBER 13, 2021

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

Mortgage 428

Mortgage Investors Investing Loan Officers 428

Housing Wire

MARCH 1, 2021

Bolstad will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Lisa Patterson, chief originations officer at Homepoint. Bank Home Mortgage, Bolstad is responsible for over 4,000 employees, including nearly 1,400 mortgage loan officers.

Retail 418

Retail Lending Loan Officers Technology 418

Housing Wire

JUNE 30, 2022

Smart lenders are leaning into the technologies that will solve on multiple fronts, helping drive more leads and real estate agent relationships, higher pull through to closed transactions, increased efficiency and time saved. Are there multiple outcomes this technology impacts and improves?

Mortgage 370

Mortgage Real Estate Agent Technology Loan Officers 370

Housing Wire

FEBRUARY 9, 2021

HW: What are you taking away from 2020 and applying to new processes in 2021? TH: In 2020 we confirmed that non-QM is here to stay due to demand and need for the products. I like to say that non-QM passed the stress test of 2020! HW: How does vertical integration benefit a loan officer?

Lending 448

Lending Loan Officers Business Investors 448

Housing Wire

MARCH 15, 2021

Power 2020 U.S. Primary Mortgage Origination Satisfaction Study, mortgage originators’ shortcomings in self-service tools for application and approvals, frequent communication and extended loan processing times could negatively affect customer satisfaction over time. According to the J.D.

Lending 418

Lending Retail Mortgage Loan Officers 418

Housing Wire

DECEMBER 16, 2021

“Market dynamics in early 2020, which have caused significant disruption to the origination and servicing markets, accelerated our plan to reenter the market with our new business model in a more robust way with a broader relaunch of the Company,” Mark Freedle, Interfirst’s executive vice president of production, told MReport in July 2020.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. billion in profit in 2020 and $6.1 billion in profit in 2020 and $6.1 Its parent Rocket Companies rode the wave to a stunning $9.4 billion in 2021. billion in 2021.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

JANUARY 14, 2022

HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate. HomeSmart’s revenue soared 74% from the first nine months of 2020, when the company reported $275 million generated. million profit in the first nine months of 2020, before the $2.3

Brokerage 448

Brokerage Real Estate Agents Loan Officers 448

Housing Wire

SEPTEMBER 28, 2023

In my career, I’ve swung between enabling technology and securing it at the same time. SW: At PRMG, do you generally build or buy technology? Well, technology is now the sixth tenet, because you can’t do any part of the other ones without the technology and that’s where the big change has happened.

Technology 482

Technology Loan Officers Lending Business 482

Housing Wire

OCTOBER 12, 2023

Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything.

Mortgage 448

Mortgage Technology Contracts Realtors 448

Housing Wire

NOVEMBER 23, 2021

Guaranteed Rate ’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record for a retail loan originator. He finished 2020 with $1.7

Loan Officers 305

Loan Officers Brokerage Retail Clients 305

Housing Wire

FEBRUARY 10, 2022

billion for 2021, a 65% increase from 2020. The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. Freddie Mac reported a net income of $12.1

Landlords 418

Landlords Tenants Finance Government 418