Housing Wire

JULY 13, 2021

If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability. Companies ranging from small credit unions to large mega-servicers can benefit in multiple ways from having a detailed MSR valuation embedded in their daily processes.

Valuation 420

Valuation Tools Technology Lending 420

Appraisal Buzz

DECEMBER 20, 2021

Without accurate collateral valuation, lenders could not properly underwrite new loans. The impact on the appraisal business lasted all year. The appraiser’s standard is still a valuation that is believable, regardless of whether they get access to the interior of the property or not.

Valuation 367

Valuation Inspection Appraisal Lending 367

Housing Wire

MARCH 2, 2021

Historically low interest rates in 2020 led to an all-time high in mortgage lending for new loans, but with forbearance moratorium deadlines being extended, some lenders are getting nervous. HW: How can integrating title and valuation data points alleviate those pain points? It’s easy to see why.

Valuation 265

Valuation Lending Real Estate Investors 265

Housing Wire

AUGUST 25, 2022

Between lack of inventory, record high prices, rising interest rates and significant affordability issues, challenges for the purchase and refi markets are leading to a time of opportunity for home equity lending. In the last five years alone, homeowners have gained, on average, $125,000 in equity on their properties.

Lending 340

Lending Valuation Appraisal Process Appraisal 340

Housing Wire

OCTOBER 13, 2020

billion in revenue from its home lending division in the third quarter, according to the investor presentation. The mortgage servicing valuation also rose 3% from the prior quarter, with the carrying value inching up to 66 basis points from 64 basis points in the second quarter. 30 had a total of $28.5 billion on June 30.

Business 415

Business Mortgage Retail Investors 415

Housing Wire

OCTOBER 14, 2020

Though its earnings were disappointing overall, residential lending at Wells Fargo rebounded in the third quarter, both in terms of income and origination volume. billion in income from its residential lending operation, up from $317 million in the prior quarter. In all, Wells Fargo collected $1.6 Gloomier times could still be ahead.

Business 474

Business Mortgage Lending Valuation 474

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?

Business 393

Business Appraisal Real Estate Agent Lending 393

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.:

Lending 343

Lending Technology Training Investing 343

Housing Wire

MARCH 21, 2022

The fundraise more than doubles Tomo’s valuation to $640 million. We are maniacally focused on improving the purchase mortgage experience and have never been distracted by the temporary profits of the refi business. million seed round for its Canadian real estate valuation platform. Startup HonestDoor also raised a $2.2

Valuation 344

Valuation Real Estate Agent Real Estate Investors 344

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

Valuation 435

Valuation Market Value Clients Technology 435

Housing Wire

FEBRUARY 8, 2024

He has experience building direct-to-consumer channel products and businesses from scratch,” Bill Greenberg, president and CEO of Two Harbors, said in an interview. “We ” Two Harbors’ origination business will hedge its servicing portfolio of $216 billion in unpaid principal balance (UPB) as of Dec. 31, 2023. “We

Business 339

Business Investing Real Estate Advertising 339

Housing Wire

MAY 14, 2024

Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. Joe’s unparalleled expertise and proven leadership will be instrumental in advancing our mission of delivering exceptional valuation management services to our clients.“ “I

Appraisal 376

Appraisal Valuation Retail Clients 376

Housing Wire

NOVEMBER 1, 2023

Voxtur primarily serves real estate finance providers and specializes in broker-price opinions (BPOs), alternative valuation methods and traditional appraisals. The timing of the acquisition will enable the combined businesses “to support default and servicing lenders during an expected period of growth,” Doman added.

Appraisal 407

Appraisal Valuation Clients Real Estate 407

Housing Wire

AUGUST 4, 2021

Glenn Stearns, founder and CEO at Kind Lending. The tax benefit primarily comes from a release of a valuation allowance, according to a footnote in eXp’s Securities and Exchange Commission filing. The joint venture announced this July is called Success Lending , and it is slated to get off the ground in October.

Lending 412

Lending Brokerage Valuation Agents 412

Housing Wire

AUGUST 3, 2021

The blockchain revolution may soon be coming to mortgage lending. billion in venture capital , ended created a lending business out of need so it could begin the process of blockchain adoption, Cagney said at the time. In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2

Mortgage 516

Mortgage Architecture Lending Technology 516

Housing Wire

NOVEMBER 15, 2021

Kennedy landed a job at American Savings Bank , later acquired by Washington Mutual , and he helmed the company’s fledging Alternative Valuation Business Unit. This is not a problem with valuation models,” said Matt Woods, CEO of real estate consulting service Sold.com. This is a Zillow problem.”. What’s different about Zillow?

Valuation 411

Valuation Clients Lending Real Estate 411

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9

Finance 492

Finance Lending Retail Valuation 492

Housing Wire

AUGUST 30, 2022

While the lending industry has traditionally seen a measured and conservative approach to technological evolution, we are finding that many “strategic” decisions are made during these relative lulls in production. We have also seen large multi-channel lenders reducing their risk footprint in wholesale and correspondent lending.

Tools 415

Tools Lending Valuation Technology 415

Housing Wire

JANUARY 20, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. MBA Chief Economist Mike Fratantoni and MCT COO Phil Rasori outline the different business cycles and how lenders can set a foundation of resilience to changing markets. Hosted by Mortgage Capital Trading.

Marketing 397

Marketing Mortgage Valuation Lending 397

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 445

Technology Development Real Estate Valuation 445

Appraisal Buzz

AUGUST 9, 2021

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. It may benefit you and your business to stay updated on policy as it relates to the appraisal profession. Who even knew about desktop valuations or evaluations?

Appraisal 435

Appraisal Inspection Lending Business 435

Housing Wire

MAY 2, 2024

An announcement on Thursday from HUD and a new Mortgagee Letter (ML) published Wednesday by the FHA clarifies that the policy applies to all Title II single-family programs, including the Home Equity Conversion Mortgage (HECM) reverse lending program.

Reconsideration of Value 389

Reconsideration of Value Appraisal Mortgage Valuation 389

Appraisal Buzz

OCTOBER 14, 2024

As all lenders have “skin in the game” on every loan, rigorous quality control across the lending lifecycle is imperative. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk. Here’s where computer vision proves its mettle.

Valuation 368

Valuation Technology Renovations Appraisal 368

Appraisal Buzz

MAY 6, 2024

Adam Johnston has joined Candescent Capital Ventures , a private equity firm specializing in investments in the PropTech space, as senior vice president, chief program management and valuation officer. He has led complex business projects and integrations for mergers and acquisitions. Johnston is an experienced industry veteran.

Valuation 195

Valuation Project Management Design Insurance 195

Housing Wire

OCTOBER 2, 2020

Texas-based mortgage lender Caliber Home Loans is the latest mortgage firm to ride the IPO wave, filing paperwork to potentially go public this year at a valuation north of $2 billion, according to a new report. Rocket Mortgage , America’s largest lender, made its debut in the summer and is now trading at a $45 billion valuation.

Valuation 361

Valuation Retail Mortgage Lending 361

Housing Wire

MAY 27, 2022

In his own statement Thursday, Chopra said companies have “legal responsibilities when they let a black-box model make lending decisions.”. The CFPB has raised concerns in the past that algorithmic models perpetuate discriminatory mortgage lending practices.

Law 445

Law Valuation Legal Government 445

Housing Wire

SEPTEMBER 13, 2023

The CAPE aPCR tool can be applied across the valuation spectrum—from adding condition validation to an automated valuation model (AVM), to driving appraisal workflows. The common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

Tools 386

Tools Valuation Inspection Investors 386

Housing Wire

JANUARY 22, 2021

It officially merged on Thursday with special purpose acquisition company Gores Holdings IV , giving the combined company a valuation of $16.1 “I’m going to be extraordinarily focused times 10 on wholesale mortgage lending,” said Mat Ishbia, whose father Jeffrey founded the company in 1986. Presented by: Black Knight.

Mortgage 524

Mortgage Technology Investors Business 524

Housing Wire

APRIL 20, 2021

With this integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform.

Mortgage 334

Mortgage Valuation Technology Lending 334

Housing Wire

OCTOBER 11, 2023

Name Job Title Company Name Aaron VanTrojen CEO Geneva Financial Home Loans Abbie Tidmore Senior Managing Director and Chief Revenue Officer Pennymac Adam Kessler CEO Academy Mortgage Baron Silverstein President Newrez Ben Madick Co-Founder and CEO Matic Insurance Bernadette Kogler Co-Founder and CEO RiskSpan Bill Rogers Founder and CEO Homeowners (..)

Realty 482

Realty Real Estate Technology Lending 482

Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. This is the second acquisition for Accurate this year.

Valuation 375

Valuation Technology Inspection Investing 375

Housing Wire

MARCH 15, 2021

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency.

Insurance 387

Insurance Lending Valuation Real Estate Agent 387

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

Realty 470

Realty Real Estate Chief Valuation Officer Technology 470

Housing Wire

MARCH 9, 2021

2021 could still be a very good year for prepared businesses. How hybrid title and valuations help increase lending efficiency. I have, myself, owned and managed numerous title businesses through the decades. Admittedly, a title business is predisposed to slim margins to begin with. Presented by: Altisource.

Marketing 445

Marketing Technology Lending Business 445

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

APRIL 20, 2021

This general alignment matters a great deal as the FHFA, through their oversight of the GSEs, who have the vast majority of the market share, plays a key role in the conforming lending market being the de facto regulator. In these responses, I hear a lending industry clamoring for the freedom to use the “new tools” that already exist.

Technology 415

Technology Appraisal Valuation Lending 415

Housing Wire

APRIL 14, 2021

According to its earnings statement, JPMorgan posted revenue of $1.458 billion in the first quarter, roughly even with the fourth quarter (overall revenue in its consumer business, which includes credit cards and auto loans, declined 6%). The bank also pared back its allowance for credit losses in home lending to $1.4

Mortgage 363

Mortgage Retail Lending Valuation 363