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

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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Government Business Design Real Estate 450

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 417

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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Lending Mortgage Design Business 418

Housing Wire

JANUARY 7, 2021

Acra Lending, one of the largest independent non-QM specialty finance lenders, has added to its suite of mortgage loan programs with the launch of its Jumbo Prime mortgage solution. Acra designed the program as an extension to its suite of programs for purchase or refinance of higher valued properties.

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Housing Wire

NOVEMBER 12, 2024

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The potential for building on HomeSafe Second’s numbers also comes from broader trends in the home equity lending space, she said.

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Modernization Mortgage Design Advertising 352

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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Lending Buyers Tools Design 369

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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Lending Housing Market Technology Business 368

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 452

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 421

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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Business Marketing Technology Tools 459

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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Lending Mortgage Landlords Design 418

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 446

Housing Wire

DECEMBER 11, 2020

Yet borrowers have had limited agency in the lending process to date. FormFree, the ATP fintech led by HousingWire Tech Trendsetter Brent Chandler , is launching a blockchain-based exchange for consumers to take control of the lending process. The smart contract presents the borrower’s lending request to the exchange.

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Lending Contracts Investors Technology 435

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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Landlords Loan Officers Lending Contracts 448

Housing Wire

OCTOBER 18, 2024

By doing so, ICE helps its clients cut down on mistakes, speed up workflows, and offer a modern lending experience that works better for both borrowers and industry professionals. Room to grow : Being cloud-based means the platform can expand as businesses do, without slowing down.

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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 445

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 457

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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Architecture Design Lending Housing Market 434

Housing Wire

NOVEMBER 7, 2024

Guild’s current reverse lending division, built off its 2023 acquisition of Cherry Creek Mortgage , has expanded its reverse mortgage activities this year. When asked during the earnings call about what the company sees in the home equity lending space, Schmidt said that the opportunities in reverse stand out. “We

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Mortgage Lending Investing Design 369

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 434

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 468

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 435

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 482

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 397

Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

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Design Lending Technology Modernization 385

Housing Wire

OCTOBER 24, 2024

Mutual of Omaha Mortgage ’s reverse division has launched a new program, “Broker Protect,” that aims to offer what it calls industry-first protections to brokers doing business with the company. If our commitment to the wholesale business wasn’t already obvious, it should be now. “If Broker Protect is viewed as a way to do that. “We

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Client Relationships Clients Investors Business 448

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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Mortgage Lending Law Loan Officers 468

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 456

Housing Wire

JULY 29, 2024

From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process. For example, ongoing updates to the Qualifying Mortgage Rule, which has been rewritten twice and may see another revision soon, have significantly shaped lending practices.

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Mortgage Law Lending Training 438

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 434

Housing Wire

OCTOBER 27, 2024

The human touch remains critical in mortgage lending. Technology should enhance, not replace, sound business practices. Misalignment between technology solutions and business needs leads to disappointing outcomes. Strategic alignment needed Technology should support well-defined business strategies, not replace them.

Technology 446

Technology Mortgage Training Development 446

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 434

Housing Wire

JUNE 7, 2022

Add to those challenges increased competition in a rising interest rate environment that is choking off refinance business, driving overall mortgage volume down significantly. But unless the automation is specifically designed to solve these problems, it stands little chance of being effective. appeared first on HousingWire.

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Lending Mortgage Technology Modernization 373

Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

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Lending Modernization Mortgage Technology 199

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. DB: Warehouse lending has evolved beyond traditional boundaries.

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Lending Finance Clients Client Relationships 428

Housing Wire

MAY 8, 2023

For those in the mortgage space, there are a myriad of technology solutions claiming to help streamline lending operations and improve efficiency. When investing in a technology that someone else designed to automate workflows, it’s important to ask — how do I make this workflow work for me?

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