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Leading mortgage technology provider Uplist recently announced a new integration with fellow tech firm Polly. This move grants loanofficers access to real-time insights that are designed to improve borrower assistance and engagement. The integration comes at a time of rising refinancing activity.
One Real Mortgage , the mortgage broker arm of The Real Brokerage Inc., is setting a new standard for loanofficer empowerment with the launch of an innovative recruiting and coaching compensation program, and an exclusive stock awards program.
“From loanofficers 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.
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.
Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loanofficer understanding around issues faced by borrowers of color as “ NAF Black Impact.” For us, this is much more than a rebrand of the initiative.
housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. The affordability crisis extends beyond mortgage payments. ADUs are also gaining popularity as homeowners seek rental income to offset mortgage expenses. ADU is a big requirement now.
In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. Today, technology is driving differentiation across the customer experience, loanofficer experience, and overall operational efficiency.
Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loanofficers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day. million in funded purchase loans in Q4.
In a fiercely competitive market , mortgage originators need to rethink everything to gain market share and become savvy. Adopting an educator-first mindset, coupled with a willingness to reach, assist, engage and nurture early-journey first-time homebuyers, are the defining attributes of a next-gen loanofficer.
Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loanofficers in North Carolina. After Mike paid his loanofficer assistant, he was clearing just 40 bps. It was late 2022 and Mike was feeling the pressure. The lower comp rate stung.
Reston, Virginia -based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Before joining RETR, she founded PlacedE, a boutique mortgage recruiting and coaching firm. RETR was founded in 2022 by Wynands and chief technology officer Steven Mincemoyer.
I am about to say something in 2022 that no one in software design and process management would say. Do loanofficers need more technology than they currently have? Most loanofficers do not believe they need more tech than they have now. Most loanofficers do not believe they need more tech than they have now.
I do not believe single-entity national brokerages should get involved in mortgage or title, Palmer told HousingWire in an exclusive interview. The agent should have that great local mortgage broker that I was 20 years ago. Were not here to get into agents mortgage relationships. Its a localized business. In a word: choice.
Loan originators in today’s mortgage market have weathered significant challenges. This event is designed to equip you with the tools and insights needed to lead with vision and inspire your teams effectively. Register now for AMPCON and be part of the conversation that’s shaping the future of mortgage banking.
Florida-based Theoris Software has launched a new artificial intelligence (AI) platform, AI agent, it says could transform how mortgage companies handle operations. The platform introduces a digital agent named Alpha7x that automates key processes across the mortgage lifecycle.
CrossCountry Mortgage and digital banking platform Blend on Monday announced an expanded partnership to drive innovation for independent mortgage banks ( IMBs ). trillion in loan applications in 2024. Before joining Blend, Venhousen spent more than 12 years at Compass Mortgage as its chief operating officer.
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.
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.
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 loanofficers and to navigate regulatory landscapes, according to the company’s website.
The mortgage industry has traditionally been dominated by men, and although we have made laudable progress, women in our space still face challenges in terms of pay equity, bias, and advancement. According to zippia.com, of the nearly 240,000 LoanOfficers in the U.S.
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.
zavvie , a Colorado -based iBuyer and fintech company, has launched an AI-powered platform, HomeFAI, that is designed to accelerate the speed of cash offers and funding for homebuyers. Our new platform brings unprecedented speed and certainty to home financing, helping loanofficers and their clients win more deals.
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.
MortgagePoint has announced the introduction of its Mortgage Lending Excellence Award , acknowledges lenders in the industry that set the standard for excellence, customer service, and financial stability. Digital Award Recipient Badge: Custom-designed badge for recipients to display on websites and social media.
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 loanofficer, while Carol Olmos has joined the company as an account executive.
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.)
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.
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.
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.
Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loanofficers 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.
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.
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.
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.
The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loanofficers. Reach home buyers before real estate agents with individualized, compliant ads for loanofficers, built automatically. Adwerx Enterprise Platform. Get More Info.
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.
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 loanofficers that will “process, interpret, and recommend a range of outcome-driven results.”
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.
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.
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 loanofficers, processors and underwriters instantly find the relevant mortgage guidelines they need.
Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgageloan 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.
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 loanofficers the ability to originate loans anytime, anywhere.
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. .
A Florida-based loanofficer 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.
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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