Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 454

Brokerage Mortgage Real Estate Renovations 454

Housing Wire

SEPTEMBER 11, 2024

ICE Mortgage Technology will be sunsetting legacy integrations for its flagship Encompass platform by Oct. 31, 2025, which will modernize the mortgage market even if some vendors have to go kicking and screaming. and Mortgage Automation Technologies (which is not SDK-based).

Mortgage 459

Mortgage Modernization Technology Development 459

Housing Wire

SEPTEMBER 26, 2024

New York-based Simplist Technologies , which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).

Mortgage 447

Mortgage Modernization Technology Design 447

Housing Wire

OCTOBER 24, 2024

Fast-growing mortgage servicing platform Valon has secured $100 million in a Series C funding round, the company announced this week. Valon intends to use the fresh capital to boost product development and expand its reach to new markets. The company is now servicing $65 million in mortgages, equating to 400% annualized growth.

Mortgage 448

Mortgage Real Estate Agent Technology Real Estate 448

Housing Wire

AUGUST 28, 2024

Tim Bowler, President of ICE Mortgage Technology, has a clear, specific vision for the future of ICE Mortgage Technology and the mortgage industry. HousingWire: ICE Mortgage Technology has been making significant investments in product innovation. Tim Bowler: Absolutely.

Technology 428

Technology Mortgage Clients Investing 428

Housing Wire

OCTOBER 7, 2024

Despite 2024 being a challenging year for sales volume, the reverse mortgage industry is still encouraged by the engagement of the Federal Housing Administration (FHA) on matters related to the Home Equity Conversion Mortgage (HECM) program, as well as attention to back-end loan issues from Ginnie Mae.

Mortgage 466

Mortgage Development Government 466

Housing Wire

OCTOBER 15, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO) is targeting January 2025 as the release window for reverse mortgage standards from its work group that is analyzing and developing the standards, according to a statement released Tuesday by Mortgage Cadence.

Mortgage 435

Mortgage Lending Development Design 435

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.

Mortgage 397

Mortgage Technology Design Tools 397

Housing Wire

SEPTEMBER 9, 2024

Consumers are optimistic that mortgage rates and home prices will decline, but most are still pessimistic about buying homes. In August, a survey-high 39% of consumers said they expect mortgage rates to decline in the next 12 months, up from 29% in July. Department of Housing and Urban Development (HUD). points to 72 in August.

Mortgage 468

Mortgage Construction Development Housing Market 468

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company.

Lending 427

Lending Mortgage Loan Officers Real Estate 427

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. These groups collectively own almost 80 percent of the outstanding debt from commercial mortgages. percentage points from the second quarter of 2024.

Mortgage 329

Mortgage Investors Real Estate Development 329

Housing Wire

OCTOBER 28, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO)’s dedicated reverse mortgage development work group is targeting January 2025 as the release window for reverse mortgage standards it is helping to develop. But now, there is more specific work on language, he explained.

Mortgage 444

Mortgage Lending Modernization Development 444

Housing Wire

JUNE 22, 2024

Are we seeing the start of a market shift in mortgage demand? Notably, mortgage rates have been gradually declining, and we’ve observed back-to-back positive weeks in purchase application data for the first time since mid-March. Let’s dig into the data to understand these developments better.

Mortgage 480

Mortgage Inventory New Listings Contracts 480

Housing Wire

SEPTEMBER 30, 2024

They discuss the latest developments in the mortgage market, along with key dynamics and growth strategies for lenders as interest rates continue to fall. Collins immediately kicks off the conversation by diving into the current state of the mortgage industry.

Mortgage 458

Mortgage Marketing Technology Business 458

Housing Wire

SEPTEMBER 10, 2024

Mortgage capital markets technology firm Polly has raised $25 million to invest in research and development, product innovation and expansion, the company said on Tuesday. And it has more than doubled its customer partner base to include some of the country’s biggest banks, credit unions and mortgage lenders, according to the firm.

Mortgage 437

Mortgage Technology Investing Design 437

Housing Wire

SEPTEMBER 4, 2024

The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-18 , which implements updates to debenture interest rates and reimbursements for Home Equity Conversion Mortgage ( HECM ) program claims proposed in July. HERMIT was launched by HUD in October 2012 after a protracted development cycle.

Mortgage 459

Mortgage Legal Development Insurance 459

Housing Wire

DECEMBER 4, 2024

The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. The recently announced increase to the HECM limit is exciting news for reverse mortgage borrowers,” she told RMD in a statement. Others are taking a more nuanced approach to the increase.

Mortgage 397

Mortgage Lending Retail Finance 397

Housing Wire

DECEMBER 20, 2024

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Mortgage insurance exists as protection from foreclosure on low equity loans. Introduced by Reps.

Insurance 346

Insurance Mortgage Property Taxes Design 346

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

Mortgage 435

Mortgage Technology Development Finance 435

Housing Wire

DECEMBER 19, 2024

Ellington Financial , the parent company of major reverse mortgage lender and servicer Longbridge Financial , announced this week that it has issued a $243 million proprietary reverse mortgage securitization backed entirely by Longbridges Platinum product line.

Mortgage 396

Mortgage Development Marketing 396

Housing Wire

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.

Mortgage 459

Mortgage Technology Tools Clients 459

Housing Wire

AUGUST 2, 2024

Fintech software and hardware provider Mortgage Automation Technologies is launching The BIG Agent , a transaction management platform for real estate brokers and agents. The BIG Agent was developed to address complex issues arising from recent industry changes. Users can send documents to clients’ phones for e-signature tasks. “The

Technology 446

Technology Agents Mortgage Open Houses 446

Housing Wire

OCTOBER 10, 2024

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Mortgage 418

Mortgage Landlords Loan Officers Legal 418

Housing Wire

NOVEMBER 14, 2024

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. The team will develop and execute the company’s investment strategies, secondary market activities, and risk management, among other things.

Mortgage 369

Mortgage Loan Officers Investing Finance 369

Housing Wire

JULY 31, 2024

In the ever-evolving world of mortgage servicing, delivering an exceptional customer experience at every stage of the customer’s journey is a crucial differentiator. Empowering teams with an agile culture Agility in mortgage servicing is what allows teams the freedom and ability to adapt quickly to changes and meet customer needs efficiently.

Mortgage 458

Mortgage Tools Technology Development 458

Housing Wire

JULY 17, 2024

Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent single-family mortgages insured by the Federal Housing Administration (FHA).

Mortgage 455

Mortgage Government Insurance Development 455

Housing Wire

AUGUST 29, 2024

Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. At a recent WIFS Phoenix event, Hopkins was able to bring a discussion about reverse mortgages to attendees and sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to share details about the experience.

Finance 443

Finance Mortgage Real Estate Agent Insurance 443

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Skills such as coaching, conflict resolution, and teammotivation are rarely developed through sales roles alone.

Loan Officers 364

Loan Officers Mortgage Training Development 364

Housing Wire

SEPTEMBER 20, 2024

Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage ( HECM ) borrowers, according to perspectives she shared this week during an online housing conference hosted by HUD. This is a priority for us.

Training 444

Training Mortgage Business Finance 444

Housing Wire

DECEMBER 5, 2024

The mortgage and real estate industries are on the cusp of a technological revolution, with emerging innovations like artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) poised to transform the way we do business. What role do you see AI and ML playing in the future of mortgage and real estate tech?

Real Estate 418

Real Estate Technology Client Relationships Mortgage 418

Housing Wire

AUGUST 14, 2024

The recent declines in mortgage rates have been good news for mortgage professionals and consumers alike. But the industry is not yet out of the woods, said Todd Sheinin, the Maryland-based vice president of strategy and development at Primary Residential Mortgage Inc. “As After mortgage rates peaked above 7.5%

Business 468

Business Mortgage Loan Officers Clients 468

Housing Wire

AUGUST 9, 2024

Editor in Chief Sarah Wheeler sat down with Melissa Langdale, president and chief operating officer of The Mortgage Collaborative , to talk about the recent FHFA TechSprint focused on gen AI use cases in housing. The use case developed by Langdale and her team was recognized as the most promising use case of gen AI for consumer experience.

Tenants 447

Tenants Mortgage Landlords Development 447

Housing Wire

OCTOBER 21, 2024

The mortgage industry faces constant change. Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. “We’re always looking for ways to make the loan process smoother,” an ICE Mortgage Technology representative explained.

Technology 448

Technology Mortgage Lending Modernization 448

Housing Wire

AUGUST 12, 2024

Open Mortgage on Friday shut down its distributed retail channel and laid off more than two dozen employees. years after the Texas-based lender changed ownership and nine months after it exited the reverse mortgage business. The divisional closure comes 1.5 Open was founded in 2003 by Scott and Tana Gordon. In June, the U.S.

Retail 459

Retail Mortgage Loan Officers Business 459

Housing Wire

AUGUST 21, 2024

One way that bad actors may try to take advantage of older Americans is through reverse mortgages. Not all reverse mortgages are scams, but scammers can pose as lenders to pressure you into signing contracts,” the division advises in its bulletin. Learn more about how legitimate reverse mortgage loans work on the U.S.

Mortgage 434

Mortgage Clients Contracts Development 434

Housing Wire

DECEMBER 14, 2024

The holiday season is here, and despite higher mortgage rates last week, housing demand is displaying some festive resilience. Mortgage rates picked up last week, though that hasnt significantly impacted our pending contract data, which is showing some positive year-over-year growth when we compare it to 2022 and 2023.

Mortgage 394

Mortgage Inventory New Listings Contracts 394

Housing Wire

OCTOBER 7, 2024

In the modern mortgage landscape, quality control (QC) stands as a critical pillar supporting the industry’s integrity and stability. Seasonal lulls as QC enhancement opportunities The cyclical mortgage industry presents challenges and opportunities for QC improvement.

Lending 459

Lending Mortgage Training Technology 459