Housing Wire

DECEMBER 9, 2024

The reverse mortgage division of Rate formerly known as Guaranteed Rate recently announced the hiring of reverse industry veteran Jesse Allen as the president for Rates reverse lending division as the company heads into 2025. Naturally, this includes reverse mortgages, he explained. That role is an active one, Allen said.

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Mortgage Clients Lending Design 369

Housing Wire

MARCH 19, 2025

Chief operating officer Tammy Richards is taking on a new role at Kind Lending. Richards announced Tuesday on LinkedIn that shes now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company. Richards has a long history in leadership and executive roles in the mortgage industry.

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Lending Mortgage Retail Clients 203

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgage 370

Mortgage Loan Officers Tools Lending 370

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

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Mortgage Loan Officers Lending Business 370

Housing Wire

OCTOBER 28, 2024

Mortgage technology company Gateless is offering its flagship automated underwriting platform to a new lender. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

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Mortgage Technology Design Tools 397

Housing Wire

JANUARY 8, 2025

Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows.

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Technology Clients Agents Development 368

Housing Wire

APRIL 1, 2025

Today, A&D Mortgage announced the official closing of its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group. Cooper previously acquired the wholesale and nondelegated mortgage business assets as part of its Flagstar Bank transaction in November 2024.

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Mortgage Government Lending Technology 294

Housing Wire

NOVEMBER 7, 2024

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been observed. The aging and demographics [provide] great opportunity.

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Mortgage Lending Investing Design 370

Appraisal Buzz

DECEMBER 17, 2024

Connie Lindsay has been appointed Senior VP of Mortgage Lending for the Washington area by Rate. Lindsay has a lengthy experience in mortgage banking, most recently with US Bank, and is dedicated to providing great client service. I am excited to join Rate at such a pivotal time for the mortgage industry, Lindsay said.

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Lending Mortgage Technology Clients 195

Appraisal Buzz

FEBRUARY 4, 2025

Called Ask Obi, the new AI assistant is designed to provide mortgage lending executives with instant, actionable insights from their Optimal Blue products and data. The new assistant will be available to Optimal Blue clients for beta testing later this month.

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Design Lending Mortgage Clients 195

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

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Mortgage Training Construction Investors 318

Housing Wire

MARCH 10, 2025

The transaction will merge Redfins home search platform , which is comprised of 50 million monthly visitors, 1 million active purchase and rental listings and its network of over 2,200 agents, with Rockets mortgage services, with the goal of delivering “a more seamless experience from search to close, to servicing and future transactions.”

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Brokerage Real Estate Finance Agents 482

Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Mortgage Sellers Buyers Business 414

Housing Wire

JANUARY 27, 2025

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity. Unlock Partnership Solutions case in the U.S.

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Contracts Mortgage Property Taxes Law 370

Housing Wire

FEBRUARY 3, 2025

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

Mortgage 418

Mortgage Contracts Insurance Sellers 418

Housing Wire

NOVEMBER 20, 2024

In today’s economy, mortgage rates and housing expenses have consistently risen. Mortgage professionals must keep up with the new demand for home equity products in the new market. Jonathan Scarpati: I started with Senior Lending Network out of New York. This interview has been edited for length and clarity.

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Finance Marketing Lending Mortgage 370

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning.

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Lending Clients Business Real Estate 482

Housing Wire

JANUARY 10, 2025

Representatives from lenders and servicers, as well as individual originators, have told HousingWire s Reverse Mortgage Daily (RMD) that its imperative for borrowers to let their servicer know about anything that could impact the occupancy of their property due to the terms of Federal Housing Administration (FHA)-backed reverse mortgages.

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Insurance Mortgage Clients Finance 396

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. That’s not sustainable for a healthy mortgage industry. Click here to nominate someone.

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Lending Mortgage Technology Tools 459

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division 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 Tools Loan Officers 447

Housing Wire

MAY 29, 2024

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Tammy is stepping in with Kind Lending to handle some of their strategic initiatives and she is partnering with them to help grow their vision.

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Lending Loan Officers Retail Legal 414

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 468

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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Lending Technology Training Investing 444

Housing Wire

JANUARY 12, 2025

During the 10-minute conversation, Pieklo explores his new focus on developing AFR’s wholesale lending strategy, the competitive landscape of the mortgage market, and the company’s unique approach to differentiating itself from other big names in the wholesale space. This interview has been edited for length and clarity.

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Marketing Mortgage Retail Lending 304

Housing Wire

JANUARY 30, 2025

. “With a proven track record of delivering scalable D2C solutions and impactful client retention programs in the mortgage industry, Bijoy’s expertise will be invaluable in driving our marketing initiatives forward.” These marketing strategies focus on the client’s experience more than anything else.

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Marketing Clients Lending Mortgage 369

Appraisal Buzz

MARCH 10, 2025

Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Kelman. Drive purchase mortgage growth: The transaction will generate significant revenue synergies across search, real estate brokerage, mortgage origination, title and servicing.

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Real Estate Agent Brokerage Real Estate Agents 426

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. “With so many of our lending officers turning to the Knock Bridge Loan as a financing solution, this integration will streamline the approval process.

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Lending Loan Officers Real Estate Agent Real Estate 448

Appraisal Buzz

JUNE 20, 2024

Planet Home Lending Area Sales Manager Tom Reber National mortgage lender and servicer Planet Home Lending has hired Tom Reber as Area Sales Manager in Jacksonville, Florida. With 30 years of experience in retail mortgage banking, Reber is renowned for his ability to drive excellence and build strong teams. “I

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Lending Loan Officers Retail Finance 394

Housing Wire

FEBRUARY 7, 2025

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state. It’s a nonrecourse loan that is negatively amortizing, and balances increase over time.

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Business Mortgage Contracts Law 308

Housing Wire

MARCH 31, 2025

Late last week in an email update to its members, the National Reverse Mortgage Lenders Association (NRMLA) announced that reverse mortgage software pioneer Jerry Wagner, founder of Ibis Software , died in February. Throughout the 1990s, Ibis developed several reverse mortgage software applications, including for use by counselors.

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Mortgage Development Tools Investing 245

Housing Wire

MARCH 7, 2025

Rocket Mortgage is shutting down its Canadian operations as the company refocuses on its core U.S. We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement. The decision, filed in U.S.

Mortgage 203

Mortgage Real Estate Agent Insurance Clients 203

Housing Wire

MARCH 20, 2025

It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes. Essentially, it’s the holy grail of mortgage and real estate tech.

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Mortgage Real Estate Brokerage Loan Officers 258

Housing Wire

FEBRUARY 3, 2025

Nationwide direct mortgage lender US Mortgage Corporation announced the appointment of Alana Dorbandt as its new vice president and division lending manager. “We are confident that her leadership will positively impact the overall growth and success of US Mortgage.” million.

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Lending Mortgage Loan Officers Clients 330

Housing Wire

FEBRUARY 3, 2025

. “I have full confidence in John Hamel and our experienced leadership team to guide the company forward while upholding our standards of excellence and dedication to our clients and partners.” ” Founded in 2001, California-headquartered OCMBC originates in the wholesale , retail and correspondent channels.

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Retail Lending Clients Mortgage 417

Appraisal Buzz

JANUARY 23, 2025

Dunmor , a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers, has received a minority equity investment from Newfi Lending , a non-agency mortgage lender owned by funds managed by Apollo Global Management. The investment is an expansion of the partnership announced in June 2024.

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Lending Investing Construction Real Estate 195

Housing Wire

DECEMBER 5, 2024

Rocket Mortgage , the third-largest U.S. mortgage lender, is suing the U.S. Under the Dodd-Frank Act and Truth in Lending Act (TILA), lenders must use independent, state-licensed appraisers to avoid conflicts of interest. The lawsuit was filed Wednesday in U.S District Court in Colorado.

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Appraisal Lending Clients Law 397

Housing Wire

SEPTEMBER 30, 2024

The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 has surged by 20-30%, with more than 5,000 lenders originating mortgages in 2023. James Keegan is a Senior Loan Originator at New Silver Lending.

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Lending Technology Client Relationships Tools 435