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Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Presented by: WFG. Citadel resumed non-QM lending in the summer.
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.
Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.
As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Presented by: WFG. The post JPMorgan Chase amps up correspondent lending appeared first on HousingWire. WFG reports its highest volume months ever during Q2 and Q3 of 2020.
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. One great idea is setting up meetings and having an experienced account executive in non-QM present as the expert on their behalf.
The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin.
Self-sourcing LOs Peter Sciandra , executive vice president of reverse lending secondary marketing at Fairway Independent Mortgage Corp. But there are also so many clients in the companys existing servicing portfolio, she said, that renewed outreach there could present an opportunity for the division.
These issues, and others, have made non-QM a go-to solution for originators to close loans for their clients. Here is where it gets murky – choosing the right non-QM lending partner! Having this removed from your plate frees up time to focus on prospecting or servicing other clients. Almost weekly?
Anthony Beshara, the head of SitusAMC’s Warehouse Financing Solutions, said building and launching a warehouse lending franchise can be daunting, particularly amid labor shortages. Our offering leverages our global workforce and proven technology to help our warehouse clients reduce costs and execute day-to-day operations more efficiently.
Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. Presented by: SimpleNexus. The Mobile “Must-Haves” Reshaping Mortgage Technology.
The Loan Atlas niche is served by its coaching faculty, consisting of 19 top mortgage originators and executives from various lending companies, according to Braheem. It’s still a tough time in the industry as some of Braheem’s clients are down to five closings per month, although some are still closing up to 30 loans a month.
ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. As they put it, “We give our clients a complete ecosystem of proven tech, data, and analytics that supports the whole real estate and housing finance journey.”
On last week’s episode of the Power House podcast , host Clayton Collins and guest Joe Tyrrell, the CEO of Optimal Blue , go in depth on how the mortgage technology firm pushes AI-driven data solutions, innovation and leadership for lenders interested in making better data-driven lending decisions.
Speakers: Debbie Hoffman, Managing Associate, General Counsel, Western Union Laura Escobar, President, Lennar Mortgage Kim Lanham, Senior Vice President Marketing, Public Relations, Client Services, Digital Risk Sarah Wheeler, Editor in Chief, HW Media. Presented by: Heather Siegel, Lender Account Director, Qualia.
Back in 2008, an artificial housing bubble burst due to reckless mortgage lending and speculative buying, leading to widespread foreclosures and a dramatic drop in home prices. This relative stability is good news and presents a unique set of opportunities for real estate agents. The share of these mortgages in early 2024 was just 2.7%
This is the part of the wholesale mortgage industry that presents great opportunity. The post Help your broker partners with client retention by retaining servicing appeared first on HousingWire. HW: Home Point retains the majority of its originated loans for servicing – how does this benefit mortgage brokers?
As the mortgage industry continues to evolve at breakneck speed, risk management has never been a more critical lynchpin in the lending ecosystem. This experience, coupled with their use of proprietary and industry-leading technology solutions, has allowed MCRS to effectively serve a wide range of clients.
But it becomes a stronger presentation when you’re presenting different loan options. The simplest way to present this program is actually the purchase, he said. We participate in breakout sessions, introduce ourselves, collaborate, and discuss the clients we serve and how we can assist them.
Making sure that borrowers understand the full implications of home equity products — particularly as rates change the qualification equation for some — will be key, according to David Peskin, CEO of HighTechLending , dba American Senior Lending. It is very important for lenders to make sure the cost to benefit makes sense for the borrower.
Ryan Ogata, Rate’s executive vice president of reverse mortgage lending, previously described how his experience in the forward lending business helped to inform the way he approaches reverse. The client, Ogata said, will not discern between a forward and reverse loan officer. But they have been extremely supportive.
Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. Increasing lending and servicing capacity – regardless of mortgage rates. Presented by: Sutherland. It’s a big market they’re targeting, too: community lenders represent 50% of $4 trillion U.S. mortgage market.
Anthony combines a strong understanding of the business opportunities for mortgage brokers with a dedicated focus on education and client support,” John Keratsis, president and CEO of Deephaven Mortgage, said in a statement. Presented by: Angel Oak. The company recently added Lisa Heitzmann as chief operating officer.
IDS, founded in 1986 and based in Draper, Utah, employs roughly 75 people and has over 450 clients, including U.S. What are the building blocks of digital lending? Presented by: Wolters Kluwer. In late 2020, Wolters Kluwer GRC acquired cloud-based digital lending software firm eOriginal for about $280 million.
How increased regulation presents a huge opportunity for lenders. Growing and investing in relationships and communities in the long term is one of the many opportunities presented by stricter fair lending regulations. Presented by: iEmergent. Part of the money for the solution came from $16.3 Learn more here!
We were fortunate enough to have Duane Gilkison, senior director of loan quality at Fannie Mae, present during our recent ACES ENGAGE conference in Tucson, and our findings seem to be in line with the downward trend in both initial and final defect rates Fannie Mae has observed in the 2023 loan acquisitions from its seller/servicers.
In turn, the mortgage service company plans to capitalize on cross-selling products to clients, large home lending banks investing in their legacy infrastructure and increasing sales to new mortgage shops in 2023. “We Impacted mortgage professionals who are starting mortgage shops are becoming new ICE clients, executives said.
This remote agent would do many functions of a physically present salesperson, including “advising clients on the best list price, facilitate professional photos, list the house on the multiple listings service, negotiate offers and handle all paperwork.”. Presented by: Rocket Pro TPO. of the sales price.
The Federal Reserve When your clients express concern about interest rates, they’re likely referring to the larger-scale changes with long-term effects that are tied to the Federal Reserve (“The Fed”) and its monetary policy. Generally, the Fed will adjust its lending rate by a quarter percent, but at times the adjustment has been larger.
As originators confront changing dynamics in the economy and housing market this fall, many will be asking important questions about how to approach their practice, identify client opportunities, and prepare for what may come. However, the current economic environment presents unique challenges that complicate this dynamic.
And it keeps customers on the financial institution’s website, so other scenarios can be presented. Black Knight strives to lead our industry in providing clients with tools that facilitate homeownership,” Madigan said.
Effective Tuesday, Rocket Pro TPO broker partners can offer their clients a new jumbo product, called “Jumbo Smart.” HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production, who shared how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown.
Combined, ProMerit and WLS will support more than 60 clients, from small lenders originating 40 loans a month for a $500,000 warehouse line, to big companies lenders receiving $15 billion warehouse lines, said Michael Franco, the CEO of SitusAMC. Presented by: Black Knight. There’s inefficiency in that process for them.
The firm promised to automate much of the underwriting process by making income, asset and lending decisions. Months after launching, Candor had already nabbed several top lenders as clients. Presented by: CoreLogic. And their leadership team is first rate.”. The post Mortgage AI firm Candor announces $12.5M
The messages you convey to clients, referral partners, and even yourself can significantly impact your success. Use this information to educate your clients and referral partners. An informed client is a confident client. Frame challenges as opportunities: Every challenge in the market presents an opportunity for growth.
Nonprofits like HomeFree-USA also have a network of realtors, lenders, home inspectors and title companies that they work with on a regular basis, offering clients like Davis, who are seeking further assistance or advice, options for the resources and support they may need. Sponsored content presented by Citibank, N.A. NMLS #412915.
As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Presented by: WFG. Earlier this week, Fannie Mae’s former head of single family lending Andrew Bon Salle was named chairman of the board of Home Point Capital.
Jonathan Scarpati: I started with Senior Lending Network out of New York. That growth presents an opportunity for reverse mortgages and home equity loans. Promoting home equity as a proactive financial strategy for retirement planning and significant life events helps clients plan beyond needs and emergency use. Click Here
CMG Home Loans , the retail lending division of CMG Financial , has its eyes on growing its dedicated reverse mortgage segment. He also offers thoughts on retaining clients regardless of their needs.
Xactus will add flood services to its list of verification solutions with the acquisition of MassiveCert , a software company that provides flood zone determinations for insurance, lending and real estate. Presented by: ServiceLink. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed.
HousingWire CEO Clayton Collins sits down with Adam Carmel, founder and CEO at Polly, to discuss Polly’s rapid acceleration and how the company is partnering with its clients to optimize their strategies in a challenging mortgage market. Presented by: Polly.
Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.
Tack on the challenges presented by not being able to connect in person, and it’s clear that servicers are navigating a unique set of obstacles. We have deployed components and services that have changed our strategy while still offering boutique solutions to our clients’ growth goals.
One way to do that is by offering a digital lending process’ that attracts borrowers across all generations, regardless of their credit score and finances. Joel Rickman: One of the most significant and transformational trends in lending is the call for the modernization and digitization of the mortgage loan process.
And how can you confidently talk to clients and potential clients about their mortgage needs? The way you present yourself across digital platforms can make or break that first initial layer of credibility. Your conversations with clients should extend beyond mortgages. So how do you build that trust and credibility?
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