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.

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Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Solutions within Floify Lender Edition allow lenders to improve recruitment and retention of top-producing loan officers and to navigate regulatory landscapes, according to the company’s website.

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Housing Wire

DECEMBER 12, 2024

Editor in Chief Sarah Wheeler sat down with Jeff Bell, president of both UpWell Mortgage and software company Uplist , to talk about how he thinks about technology, and the good news that the industry is turning a corner after two rough years. This interview has been edited for length and clarify. None of them are accurate.

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Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive.

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Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. This generally matches up with data from Mortgage News Daily , which looks at marketed rates for strong credit profiles.

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Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

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Housing Wire

MAY 20, 2024

Mortgage capital markets tech firm Polly announced on Monday its API integration with cloud banking provider nCino to enhance the digital mortgage process for lenders. In August 2022, Polly announced an extension of its API portfolio to better accommodate lenders amid a contracting mortgage environment.

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Housing Wire

MAY 1, 2023

Maxwell , the mortgage fintech backed by Wells Fargo and Fin Capital, has launched Maxwell Single-Sign On, an SSO (single sign-on) tool for lenders to enhance security and reduce the risk of data breaches, the company announced on Monday. This content was generated using AI, and was edited and fact-checked by HousingWire’s editors.

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Housing Wire

SEPTEMBER 25, 2024

Applicants hoping to get a mortgage job in 2024. After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.) Image created by AI in Midjourney.)

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Housing Wire

SEPTEMBER 23, 2022

Texas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company (AMSC). The acquisition will strengthen Thrive’s retail channel and bring with it new territories amidst arguably the most challenging mortgage market since the early 1980s. .

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Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. Her place of work was not disclosed.

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Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

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Housing Wire

JANUARY 22, 2024

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. Coggiola will be responsible for Polly’s product, implementation, support and design teams, working toward seamless cross-organization collaboration. before it was acquired by ICE in 2020.

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Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

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Housing Wire

NOVEMBER 30, 2021

Lenders have come to appreciate the benefits technology can bring – but those benefits are only useful if the implementation of new tools doesn’t make the loan process more complicated. Additionally, the solution leverages artificial intelligence (AI) to guide borrowers through the mortgage application process.

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Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. CFPB’s probe into mortgage lenders The CFPB’s probe into mortgage lenders was shared back in Fall 2021.

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Housing Wire

MARCH 4, 2024

Add mortgage tech firm Guideline Buddy to the list of companies with an artificial intelligence -powered chat tool. The new tool is designed to help loan officers, processors and underwriters instantly find the relevant mortgage guidelines they need.

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Loan Officers Tools Design Technology 364

Housing Wire

AUGUST 20, 2024

After dropping significantly during the first two weeks of August, mortgage rates have plateaued ahead of a key economic announcement on Friday. The federal funds rate has remained unchanged since July 2023, the last in a series of hikes designed to rein in 40-year high inflation. Powell is expected to deliver an update on U.S.

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Housing Wire

DECEMBER 14, 2024

In this weeks episode of the Power House podcast , HousingWire President Diego Sanchez sits down with Terry Schmidt , CEO of San Diego-based Guild Mortgage , to discuss the companys recent acquisitions, reverse mortgages and the use of artificial intelligence for mortgage originators.

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Loan Officers Mortgage Retail Design 254

Housing Wire

JUNE 27, 2024

Mortgage data provider Optimal Blue this week announced the launch of Competitive Data License, a product that is designed to help lenders price loans accurately and drive profitability. Earlier this month, Optimal Blue landed a big name in the industry when it hired Joe Tyrrell as its CEO to succeed Scott Smith.

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Mortgage Loan Officers Design Technology 294

Housing Wire

MAY 7, 2024

Mortgage capital markets tech firm Polly announced on Tuesday that it has launched “Polly/AI,” which integrates artificial intelligence (AI) technology into the newest version of its product and pricing engine (PPE) and includes a “co-pilot” for loan officers that will “process, interpret, and recommend a range of outcome-driven results.”

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Loan Officers Design Technology Mortgage 357

Housing Wire

MARCH 26, 2021

million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. Wells Fargo, the largest depository mortgage lender in America, has been plagued by scandals in recent years.

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Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. To view the complete research, click here.

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Housing Wire

MAY 8, 2023

Fintech software and hardware company Mortgage Automation Technologies, Inc. announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc.

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Appraisal Buzz

JULY 19, 2021

Non-agency lender Deephaven has announced new income qualification options that are designed to enable brokers and correspondents to compete for more credit-worthy borrowers who are locked out of agency mortgages. These options give loan officers the opportunity to fill a large.

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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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Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

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Loan Officers Training Development Technology 352

Housing Wire

NOVEMBER 30, 2022

Borrower Digital is Black Knight’s point-of-sale (POS) solution that is built using responsive-design to be used easily from any web-enabled device. Borrower Digital helps mortgage lenders optimize the POS and LOS interaction using the LOS database for transactional data.

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Loan Officers Technology Clients Design 361

Housing Wire

DECEMBER 16, 2020

The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loan officers. Reach home buyers before real estate agents with individualized, compliant ads for loan officers, built automatically. Adwerx Enterprise Platform. Get More Info.

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Loan Officers Advertising Mortgage Real Estate Agent 233

Housing Wire

JUNE 7, 2024

Legal and financial troubles are piling up for mortgage fintech lender LoanSnap , with the company having been recently evicted from its headquarters in Southern California. In May 2022, it launched a cloud-based portal, LoanFlow , that gives mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. About 80% of the mortgages at Better are now being funded as one-day products, Garg noted.

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Loan Officers Technology Investing Realtors 388

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

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Real Estate Agent Loan Officers Real Estate Agents 416

Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release.

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Retail Loan Officers Mortgage Design 459

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Loan Officers Technology Lending Tools 370

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

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Loan Officers Tools Business Clients 365

Housing Wire

OCTOBER 28, 2024

“From loan officers to secondary marketing teams and investors, we empower mortgage professionals with tools designed to maximize their profitability on every loan transaction.” ” The announcements were made at MBA Annual in Denver.

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Loan Officers Investors Clients Design 317

Housing Wire

OCTOBER 23, 2024

Chicago-based Rate was the eighth-largest mortgage lender in the country during the first half of 2024, according to estimates from Inside Mortgage Finance. Victor Ciardelli: There is a profound shift taking place in the mortgage industry. This interview has been edited for clarity and length. Additionally, with Prajna Inc. ’s

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