This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
It was suspended in 2020 due to economic volatility caused by the COVID-19 pandemic, but it marked its return in February 2023 with a minimum-age eligibility reduction to 55. ‘Digital innovation’ team being built HomeSafe Second, a proprietary second-lien reverse mortgage product, has been a major focus for FOA and its partners this year.
The AUS is built upon FHA’s Catalyst technology platform – a modernization initiative the company says will build trust through “reliable and accurate data, facilitating modern systems for the FHA program participant community.” It is modernization of the entire process.
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. Not to be outmatched, the incumbent software providers each updated and launched their own POS to stave off the encroaching technology. Meanwhile, the industry scrambled.
The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience. Here’s a quick rundown of how this modernization can support your success.
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.
Tomo, which was founded in 2020 by former Zillow executives Greg Schwartz and Carey Armstrong, has received a total of $130 million in funding to date. Were excited to invest in Tomo and to support their mission to modernize the home buying experience, Erwin Raeth, corporate development leader at Progressive Insurance, said in a statement.
Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. With the advances we’re seeing in Artificial Intelligence, Machine Learning and Robotic Process Automation, we have become experts at configuring our technology to meet the changing needs of lenders.
However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. How do the solutions work? Why do we need them? But you already know this.
Technology plays a crucial role in servicers’ ability of servicers to support their borrowers in this challenging time. Sagent technology puts servicers in the driver’s seat, helping them engage with and retain their customers whether they’re looking to refinance, add a new loan, or sell their existing home to finance a new one.
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.
Most recently, his leadership has been dedicated to the development of a technology that facilitated aid to small businesses accessing critical Paycheck Protection Program funding, allowing them to retain more than 1 million jobs. The post 2020 HW Tech Trendsetter: Samir Agarwal appeared first on HousingWire.
And nobody understands the modern day law officer better than I do, because I’m one of them. So you have to give your clients everything you have and we focus here on is certainty and speed, utilizing our tools like Same-Day Mortgage and all the different technologies that go into our platform. SB: Our technology is amazing.
His responsibilities will include maintaining and expanding Dovenmuehle’s current information technology (IT) infrastructure. There, he modernized the company’s technology infrastructure and optimized business processes, resulting in a 30% increase in operational efficiency.
The Federal Housing Administration (FHA) announced on Thursday the launch of a new portal for the Department of Housing and Urban Development ’s Single Family Mortgage Asset Recovery Technology (SMART) system. The FHA, Office of Public and Indian Housing (PIH) and mainframe modernization were placed as top priorities.
With the rapid improvement of AI technology coinciding with the business practice changes outlined in the NAR settlement, many in the proptech industry believe now is the right time for the rise of the AI agent. reAlpha Founded in 2020, reAlpha went public in October 2023 on the Nasdaq Capital Market under the symbol AIRE.
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.
Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. How modernized servicing creates customers for life. Presented by: Sagent Lending Technologies. When we launched Stavvy in late 2019, we had no idea what was in store for the world in 2020.
But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.
As the mortgage industry continues to navigate record-low interest rates in the midst of a pandemic, many companies are seeing tech opportunities, and rising up to modernize outdated processes in order to keep up with demand. HousingWire: How has COVID-19 impacted technology strategies and roadmaps for mortgage lenders?
The technology components required to digitize closings – things like eSignatures and webcams – have existed for decades. The limiting factor was not technology, but the fact that the closing process requires coordinated participation from many members of a fragmented ecosystem – each with their own chosen technologies and workflows.
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.
In his new role, Kueh will lead the company’s product strategy, innovation roadmap and technology investments. Kueh said the real estate industry is “ripe” for a transformation, one in which modern design can be merged with mobile, cloud, AI and machine learning technology to improve customer and agent experiences.
“CertifID is addressing a growing problem in an industry looking for modern solutions,” Patrick Meenan, the general partner at Arthur Ventures, said in a statement. Despite the challenges posed by a decelerating housing market, CertifID stands out as a technology leader with a mission of utmost importance to the U.S.
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 reached out to Chandler to discuss how COVID-19 has propelled a much-needed modernization among lenders. What are some examples of these strategies?
It would also require the use of tamper-evident technology in electronic notarizations, and help prevent fraud through the use of multifactor authentication. Adoption of remote online notarization soared 547% in 2020, according to a survey from the American Land Title Association (ALTA) of major vendors working in the RON space.
As everything continues to accelerate and the FHFA considers making widespread changes to the appraisal process, lenders need to make sure they’re working with technology vendors who are ready to respond to changing market conditions and are prepared for new approaches to valuation. The first is legacy technology.
For the second year in a row, HousingWire’s Tech Trendsetters award will recognize 50 individuals in the technology industry. The award highlights the most impactful and innovative technology leaders serving the housing economy. Particularly during this pivotal time for the housing industry as we enter a new era of modernization.
“By embracing Corcoran’s moderntechnology and tools and continuing to deliver unparalleled service to our dedicated clients in the vibrant Portland market, we are perfectly poised for growth in the future.”
The technology integration enables lenders to obtain price quotes and order National MI’s real-time, risk-based mortgage insurance through its Rate GPS tool instantly without leaving the Vesta LOS platform. Vesta is a SaaS provider of mortgage loan origination software founded in 2020 by early Blend employees Mike Yu and Devon Yang.
Aqil Ahmed: The year 2020 was an unprecedented one, with the global pandemic and economic uncertainty impacting each of us in one way or another. HW: How and why has appraisal management technology evolved over the past year? AA: The past year saw a rapid evolution in appraisal management technology. HW: What is the No.
. “This significant milestone for our digital collateral program marks Ginnie Mae’s continued efforts to modernize our mortgage-backed securities (MBS) program,” Sam Valverde, Ginnie Mae’s acting president, said in a statement.
LendWize took over management of the platform in early 2020 and integrated ARIVE’s software into its own technology stack. Months after taking over management of broker LOS platform ARIVE , mortgage software startup LendWize has finalized a deal to take complete ownership of the origination platform.
Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. While the industry as a whole has been adopting new technology , the appraisal process has remained relatively unchanged — right down to the forms used to complete them. If we can check those boxes, we succeed.
ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience. Real Genius, a division of FirstBank , one of Tennessee’s largest community banks , said that its application platform will provide borrowers with rate and cost transparency.
2020 was a year that forced a number of industries to modernize and adopt technologies that had been otherwise underutilized. According to Berkowitz, those that embrace technology will distinguish themselves as stand-out industry leaders, while those that remain ambivalent will struggle to meet consumer needs.
Accurately predicting housing trends, mortgage rates , technology , elections, the impact of the broader economy , or how consumers will behave tests the best of us at some point in our career. In many ways, today looks and feels very similar to January 2020. Lesson 1: Give consumers and lenders the ability to act fast.
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
News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). LLR is not a newcomer to mortgage technology or the overall fintech market. “Hey Clayton …” and a link. In 2016 LLR led a $26.5 No surprise here.
Since early 2020, we’ve trained more than 150 cadets. We’re bringing this standardization and our proprietary technology to Opteon staff appraisers in the United States with the goal of same-day turn times in the future. Technology simply can’t compete with human knowledge and analytical skills. Opteon President Gabriel Hern.
Gloudeman’s career in mortgages and financial services will help “modernize compliance strategies for the quickly evolving mortgage landscape” as traditional approaches are falling behind, said Perry Steiner, chairman and CEO of Xactus said. Gloudeman started on Tuesday. .
With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Servicers, are you prepared for hurricane season?
Most agree that in 2021, we will not match the astronomical origination volume seen in 2020. We don’t have a true “cradle-to-grave” technology, but we can still think at a more strategic level when it comes to opening up established chokepoints in the traditional title flow. Others are more global. How well you market yourself.
Through this acquisition we’ve not only gained an amazing brand and business, but also an incredibly talented group of team members that bring additional editorial, technology and product expertise to our team.”. “In In 2020, HousingWire surpassed 10 million annual unique visitors and has over 100,00 subscribers to its newsletters.
As the appraisal process is undergoing major shifts towards modernization and new levels of automation, this void was ripe for a solution. By endorsing this standard, the CRN is encouraging emerging technologies to develop applications for gross living area calculations in a more uniform protocol. Technology impacts.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content