Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

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Housing Wire

OCTOBER 10, 2023

“Our Marketplace unites a multitude of industry-leading solutions with the MeridianLink One platform to deliver exceptional consumer experiences and streamline contemporary lending processes,” Megan Pulliam, SVP of MeridianLink Marketplace, said in a statement.

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Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

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Housing Wire

NOVEMBER 30, 2022

A recent lawsuit filed by Banc of California is claiming that mortgage lenders and servicers Sprout Mortgage (now defunct) and Planet Home Lending owe $1.5 million related to the proceeds of two notes it owned and funded. District Court in the Central District of California, Southern Division. Zillow shows the estimated price is $26.5

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Housing Wire

SEPTEMBER 8, 2022

But when it comes to marketing a real estate or mortgage lending business, people who have made a sale in the past often consider marketing automation a “nice to have.”. How marketing automation saved Mike’s business. Thanks to this technology, most of his customers and business partners didn’t even know he was sick.

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Housing Wire

MAY 30, 2023

Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. We are fully committed to our lending business, which supports independent mortgage originators,” UBS spokesperson Erica Chase told Bloomberg in an email.

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Business Mortgage Finance Design 360

Housing Wire

DECEMBER 7, 2021

So mortgage lending morphed from a trust-based system to what could be called a “trust, but verify” model, to coin a favorite Russian proverb of Reagan’s. The problem with the “trust, but verify” model, which is still used by many lending institutions today, is that it’s time-consuming and expensive.

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Housing Wire

MAY 17, 2024

The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone seeking to do business with FHA, to obtain a Unique Entity Identifier (UEI) in order to be eligible for such business. The GSA is a wing of the U.S. The rule is effective immediately.

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Housing Wire

DECEMBER 10, 2024

announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. I’ve always used education at the forefront for building and growing my personal book of business, Bodner said. and Cherry Creek Mortgage prior to its acquisition by Guild Mortgage.

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Housing Wire

AUGUST 31, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. Because as much as automation is a long-term vision, it’s also about lenders proving value to the business as they move along the course.”.

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Housing Wire

JUNE 30, 2022

While a booming market kept brokers busy in 2021, the 2022 housing market has been underscored by rising interest rates, inflation and geopolitical turbulence. With 35 years of experience in the mortgage business, Flagstar has reputation for successfully navigating the ebb and flow of an ever-changing housing market.

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Housing Wire

JUNE 6, 2023

In honor of National Homeownership Month, Chase Home Lending unveiled on Tuesday an upgraded suite of resources for homebuyers to assist in navigating the homebuying process and managing homeownership. We’re excited for consumers to explore our updated offerings and engage with tools that can help them achieve homeownership.”

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Housing Wire

DECEMBER 30, 2022

Chris Mozilo: While I’ve spent most of my 30-year career working at large firms, the most I ever learned in the mortgage business was the five years I worked at a small independent mortgage banker. At a small mortgage banker, leadership has to know all aspects of lending. I always enjoyed beautiful and simple designs.

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Housing Wire

APRIL 24, 2024

Figure Technology Solutions , the parent company of Figure Lending LLC , named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Before taking the helm at Figure, Tannenbaum served as chief operating officer, chief financial officer and chief business officer at fintech company Brex.

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Technology Lending Design Finance 364

Housing Wire

NOVEMBER 7, 2024

Extreme weather can destroy mortgage collateral and disrupt businesses, straining a borrower’s ability to keep up with payments. For homeowners with conventional loans backed by Fannie Mae and Freddie Mac , insurance at replacement cost is mandatory, but flood insurance is only required in designated flood zones.

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Insurance Supply Chain Real Estate Design 470

Housing Wire

MARCH 12, 2024

The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations.

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Technology Retail Lending Design 372

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. The request was pending, but the license was suspended in July.

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Housing Wire

DECEMBER 11, 2023

fair lending laws has been on regulators’ radar in recent years. Wells Fargo received the MRA from the CFPB a couple of months before the company announced it was scaling down its mortgage business in January. The CFPB has been tightening its screws on fair lending practices. Wells Fargo paid $3.7

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Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

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Finance Lending Retail Renovations 368

Housing Wire

APRIL 13, 2023

Wholesale lending is great for helping serve underserved borrowers. The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. As a CDFI (Community Development Financial Institution) — a designation given by the U.S.

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Marketing Lending Design Development 358

Housing Wire

JANUARY 10, 2024

Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA).

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Mortgage Lending Loan Officers Design 416

Housing Wire

SEPTEMBER 28, 2020

With the official passage of the California Consumer Protection law on Friday, California’s Department of Business Oversight will be renamed the California Department of Financial Protection and Innovation and given expanded powers. California Gov.

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Law Lending Business Design 447

Housing Wire

NOVEMBER 29, 2023

In particular, lenders should take a look at their loan origination system (LOS), as the LOS they use plays a critical role in the ability to maximize efficiency, see return on investments and ultimately, win business over competitors. And it is all included in the Encompass offering.

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Technology Mortgage Lending Business 383

Housing Wire

AUGUST 12, 2024

California -based HighTechLending , a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

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Lending Design Loan Officers Business 392

Appraisal Buzz

DECEMBER 9, 2024

Newfi Lending has launched a redesigned website that features a new calculator that aims to simplify the decision-making process for customers when researching their home equity options. This enhancement was designed to help customers get answers at their fingertips and make informed decisions with confidence.

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Lending Modernization Design Investing 195

Housing Wire

FEBRUARY 20, 2024

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. Ventura’s new position is as president of reverse lending, where he succeeds former reverse lending president Tane Cabe.

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Investing Mortgage Lending Business 386

Housing Wire

JUNE 30, 2021

As purchase transactions move back to the forefront of lending, the broker channel will only continue to grow and gain momentum. a home loan company, offers resources to help support a broker’s business for continued success. Caliber offers a “triple play” of resources to help elevate a broker’s business.

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Lending Renovations Design Tools 397

Housing Wire

SEPTEMBER 24, 2021

Traditional lending approaches are time-consuming when it comes to fix-and-flip properties. Acra Lending is looking to solve these challenges and make fix-and-flip lending simpler and more efficient for borrowers, lenders and brokers. Waning agency business. It makes for a much faster underwrite,” Lind said.

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Lending Renovations Finance Investors 392

Housing Wire

JUNE 15, 2021

Sprout does most of its business through mortgage brokers. It also has a low-margin correspondent business. The addition of Johnson represents yet another change to the C-suite at Sprout, which halted non-QM lending last year when the coronavirus pandemic began and liquidity dried up.

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Retail Mortgage Legal Lending 352

Housing Wire

OCTOBER 12, 2023

Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. In April, the lender bought the wholesale lending business from the now-defunct Home Point Capital.

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Lending Design Government Tools 385

Housing Wire

DECEMBER 27, 2024

Reverse mortgage business and mortgage business generally is not where people want it to be. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. noted: High inflation and high interest rates unfortunately kept a lot of borrowers on the sidelines.

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Mortgage Retail Lending Business 348

Housing Wire

FEBRUARY 1, 2024

His first order of business will be to integrate Balance Homes’ product and team with the EasyKnock platform. He also has experience designing and building digital products for companies like Google , Mattel , Samsung , Target and JetBlue. LaRue, meanwhile, will focus on the expansion of EasyKnock’s technology platform.

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Technology Development Brokerage Design 373

Housing Wire

OCTOBER 21, 2024

From origination to closing, it covers all lending channels in one system. Their team regularly updates Encompass to make it more user-friendly and adaptable to different business needs. Its flexibility allows us to tailor it to our specific business needs.” Today’s housing market presents unique challenges.

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Technology Mortgage Lending Modernization 380

Housing Wire

OCTOBER 2, 2024

The platform offers a new broker scoring system designed for better account management and a tagging system to improve email marketing campaigns. Having used OptifiNow before, I can confidently say it’s the most efficient CRM system for TPO lending,” Shea Pallante, chief lending officer at OptifiNow, said in a statement.

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Marketing Lending Clients Design 333

Housing Wire

OCTOBER 15, 2024

“There’s a growing curiosity about integrating reverse mortgage capabilities into existing lending platforms. This interest aligns with efforts designed to standardize reverse mortgage data, the company noted. Part of this includes lowering the barrier to entry for new players in the reverse mortgage space.

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Mortgage Lending Development Design 403

Housing Wire

MAY 25, 2022

When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan. However, not all LOs and brokers are set up to take on an influx of non-QM business. There is also the matter of efficiency versus increased lending cost.

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Lending Investing Loan Officers Design 379

Housing Wire

JULY 23, 2021

Acra Lending is doing what it can to help free up inventory. Borrowers can qualify with their most recent personal or business account bank statements rather than going through an agency underwrite that requires more documentation. Acra Lending plans to launch its fix’n’flip loan program in the coming weeks.

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Housing Market Marketing Inventory Lending 459