Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

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Housing Wire

FEBRUARY 13, 2024

Gregory Meola, managing director, head of business development & strategy, Acra Lending Rather than formulaic QM lending, non-QM lending can be more complex. HousingWire: What are the unique complexities of non-QM lending as compared to QM loans?

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Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

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Lending Renovations Legal Real Estate 414

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

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

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Lending Technology Loan Officers Clients 440

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending. She absolutely checked all the boxes for us.

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Appraisal Buzz

JUNE 26, 2024

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} loanDepot Managing Director of Mortgage Lending Operations Viviana Abarca loanDepot Inc. Viviana is a consummate professional with an exceptional ability to achieve challenging objectives in all business cycles. elementor – v3.22.0 – 17-06-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.ele

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Appraisal Buzz

AUGUST 14, 2024

M&T Bank Head of Affordable Housing Lending Lopa Kolluri M&T Bank has announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T’s Commercial Bank.

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Housing Wire

OCTOBER 17, 2022

The Howard County Food Bank in Columbia, Maryland, gained valuable volunteers and donations from Planet Home Lending as the organization partnered with Farmlink to deliver farm-fresh produce to the food bank. HOUSINGWIRE: What inspired Planet Home Lending to get connected with Farmlink and the Howard Country Food Bank?

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Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. A lender with $624.6

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Lending Real Estate Agent Loan Officers Retail 410

Housing Wire

APRIL 10, 2024

Business update and market share The company announced the availability of the update in a filing with the Securities and Exchange Commission (SEC). The Company has substantially completed its exit from all non-core businesses at the end of Q1’24.”

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Business Investors Finance Home Improvement 433

Housing Wire

DECEMBER 11, 2020

Mortgage giant Fannie Mae extended its relaxed lending and appraisal standards put in place due to COVID-19 into the new year. The relaxed lending standards allowed the GSEs to use “appraisal alternatives to reduce the need for appraisers to inspect the interior of a home for eligible mortgages.” 31, 2021. “We 31, 2021 from Dec.

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Housing Wire

NOVEMBER 16, 2023

CUSO Home Lending rolled out Dark Matter Technologies ’ Empower loan origination system (LOS) for its credit union owners.

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Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. 16 in the most recent rankings.

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Lending Inventory Mortgage Finance 478

Housing Wire

JANUARY 24, 2022

Stearns Lending will lay off 348 workers following the decision by Guaranteed Rate earlier this month to discontinue operations of its third-party wholesale channel. Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns.

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Lending Retail Loan Officers Business 368

Housing Wire

FEBRUARY 2, 2023

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. In his new role, Anzoleaga will be tasked with generating more residential mortgage business, fostering business partnerships and improving customer experience.

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Lending Real Estate Agent Agents Business 377

Housing Wire

OCTOBER 23, 2024

When mortgage rates declined in the third quarter of 2024, Mr. Cooper Group doubled its gains in the origination business. Taking all business together, however, the Dallas-based company delivered $80 million in net income in Q3 2024, compared to $204 million in the second quarter. Overall recapture remained at 22%.

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Business Mortgage Technology Development 399

Appraisal Buzz

JUNE 17, 2024

Viviana Abarca has been promoted to managing director of mortgage lending operations at loanDepot. She most recently served as executive vice president of lending operations. Viviana is a consummate professional with an exceptional ability to achieve challenging objectives in all business cycles,” Martell adds. “As

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Lending Mortgage Tools Development 195

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.” The post Guaranteed Rate to acquire Stearns Lending appeared first on HousingWire.

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Lending Retail Real Estate Agent Brokerage 538

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. To find out more about this program and Acra’s suite of mortgage lending options for mortgage professionals, visit the company’s new website at acralending.com.

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Housing Wire

JULY 15, 2022

The bank’s home lending business revenues reached $972 million, declining 35% compared to the prior quarter and 53% compared to the same period of 2021. According to Scharf, the bank is reassessing what makes sense in mortgage lending – in the servicing business, the primary focus should be on serving its customer base.

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Business Mortgage Lending Retail 449

Housing Wire

APRIL 13, 2023

To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing.

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Lending Mortgage Technology Business 333

Housing Wire

OCTOBER 30, 2020

Mortgage Contracting Services , a national provider of residential and commercial property services, hired Jason Myers as vice president of business development. Kelly Stewart has been promoted to vice president senior lending officer for banking operations at Gateway First Bank.

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Lending Clients Real Estate Development 374

Housing Wire

MAY 29, 2024

And it seeks to expand the number of available loan officers and strategic development tools to continue building on the momentum that company executive say they’re seeing in the space. How would you say business is going? We’ve just recently added a new strategic business manager to our division.

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Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. I have seen a slowdown in my lending work also. Half my work is non-lending work, and that’s been a blessing. Isn’t this just good business practice anyway?

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Business Appraisal Real Estate Agent Lending 393

Housing Wire

MARCH 15, 2021

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. That’s where this hybrid digital lending model has emerged.

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Lending Retail Mortgage Loan Officers 416

Housing Wire

APRIL 25, 2022

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. “We’re excited to have him on board and look for positive developments with Jim at the helm of Flagstar’s distributed retail operation.”

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Housing Wire

AUGUST 14, 2020

RE/MAX announced it has promoted industry veterans Amy Lessinger as vice president of Business Growth, West Region and Kevin Northrup to vice president, Business Growth, Northeast Region. Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth.

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Housing Wire

SEPTEMBER 23, 2024

California -based mortgage lender loanDepot has hired military advocate Bryan Bergjans as part of an effort to boost its lending capacity in the U.S. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development.

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Housing Wire

JUNE 28, 2024

While this was once a necessary business strategy, the technology now exists to implement a much more efficient approach. Instead of having to hire (and later, lay off) 100 new people and train them, the business can accommodate demand without artificially bloating its workforce.

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Lending Mortgage Technology Training 354

Housing Wire

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus. How should the current market impact lenders’ tech adoption?

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Housing Wire

DECEMBER 14, 2021

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead.

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Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. We were founded during a time of volatility and our business model has set us up to survive challenging times since. Not in droves like in 2021, but the business is out there.

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Lending Loan Officers Training Investors 380

Housing Wire

JULY 5, 2023

Future-proof your business with this year’s powerful HW Annual agenda. Catch inspirational leaders on stage, discussing the business tactics you need to win the current market. Stay on property at the Hyatt Lost Pines to join us for cocktail receptions and networking events.

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Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. million loan for a borrower in Colorado who had sold his business for $8 million.

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Housing Wire

SEPTEMBER 18, 2020

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. HW: In your business, where are you finding opportunity to meet client needs and grow relationships?

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Business Lending Technology Clients 434

Housing Wire

OCTOBER 15, 2021

Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. ” The post Roostify launches first of many AI-powered APIs on home lending platform appeared first on HousingWire.

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