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The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.
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.
At the Notarize Rewired event Wednesday on the panel, Home Buying After COVID, four experts talked about some of the largest pain points in the title industry. When asked if they could change one thing, or “wave a magic wand,” about the housing industry’s journey toward digital mortgage adoption, the panelists were clear: integration.
These include Kamini Lane (CEO of Coldwell Banker Realty ), Jodi Hall (former chief operating officer at Countrywide Mortgage ), Monica Reynolds (former vice president of Keller Williams MAPS Coaching ) and Leslie Appleton-Young (former chief economist for the California Association of Realtors ).
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
It’s no secret that forging new connections at in-person events can help to grow your business. Here’s a look at 11 real estate conferences and events that should be on your radar this year. Finding so many industry perspectives in one housing event allows attendees to get a 360-degree, full picture of our industry.
Simplifile by ICE MortgageTechnology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. The solutions featured as part of Simplifile include eRecording, eSign Events, Collaboration and Post-Closing, and Document Builder.
Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.
Assessing key performance indicators and operations during current industry headwinds is a great way for mortgage lenders to set themselves up for success now and in the future. The LOS should serve as the central hub of the tech stack, allowing lenders to orchestrate their entire business from a single system of record.
As the country embraces technology now more than ever, lenders and title companies have an opportunity to embrace the possibilities of mortgagetechnology to connect with consumers in new ways and grow their businesses. It’s a new time for our industry, with so much going virtual.”. No paper or printing is a huge cost saver.”.
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. That growth presents an opportunity for reverse mortgages and home equity loans. This interview has been edited for length and clarity.
Central, when the Five Star Institute , in partnership with Global Strategic , present “ Partnering for Performance: Mortgage Operations Outsourcing.” The Five Star Institute Webinar Series aims to broaden the horizons of the mortgage industry. In 2003, he owned and operated BCF Technology Resources Inc.
Add American Neighborhood Mortgage Acceptance Company LLC , doing business as AnnieMac, to the list of mortgage lenders that have recently suffered a data breach from a cyberattack. The type of information affected by this event includes name and Social Security number.” New Jersey-based AnnieMac originated $2.5
Figure Technologies CEO and co-founder Mike Cagney said that when it comes to watching out for non-endemic players impacting the real estate market, he has his eye on Walmart. Cagney also said separately to HousingWire on Thursday that he never intended to build a mortgage lending company. He might even buy a few of them.
The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. Blockchain – most simply defined as a decentralized, immutable digital ledger – is perhaps best known as the technology underlying digital currency. Friedman HW+ Columnist.
The COVID-19 pandemic has caused historic, unprecedented challenges for mortgage servicers. Forbearance deadlines get pushed back seemingly in perpetuity, and an unproven, inconsistent technology infrastructure has the potential to result in a series of foreclosure and loss mitigation crises. The onus gets back to the servicer.”.
Figure Technologies CEO and co-founder Mike Cagney never intended to build a mortgage lending company. Upon leaving SoFi , Cagney and the founding team at Figure were laser-focused on applying blockchain technology to financial services. He might even buy a few of them. First mover advantage. Join today with an HW+ Membership !
ICE MortgageTechnology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In
Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. billion in volume during these six months, trailing only United Wholesale Mortgage ($60.7 Rocket originated $42.3
Maverix CEO Jeff Kennedy said that Van Ecks experience in scaling technology , boosting the productivity of agents and optimizing brokerage operations makes him an ideal choice for the company. Kevins ability to identify and implement technology fills an immediate need in proptech right now, Kennedy said in a statement.
Of course, you’ll be learning and networking with other knowledgeable professionals at our scheduled events like the Welcome Reception, Poolside Party and After Party, but you can also take in a drink by the pool at the beautiful Fairmont Scottsdale Princess Resort, enjoy the arts and culture of Scottsdale or maybe fit in a round of golf. .
This year has brought plenty of disruption to mortgage servicing, from regulatory and economic uncertainties, to a long-term shift toward remote work environments. Meanwhile, the past decade has seen an explosion of digital solutions in mortgage origination, and servicing will inevitably follow suit. Already a member?
Imagine wanting to build software in the mortgage industry. You spend your time visualizing the problem your technology plans to solve, but after researching the industry, you realize that when it comes to building mortgagetechnology, you’re not just building an application. This content is exclusively for HW+ members.
1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. 1 mortgage company in America. SB: Our technology is amazing.
Lennar Mortgage , a financial services subsidiary of Lennar Corp. will move its servicing operations to the industry-leading MSP loan servicing system from ICE MortgageTechnology , ICE announced on Monday. It can also be used as a channel for mortgage holders to seek assistance in times of distress.
Jeff Salter, founder and CEO of Caring Senior Service , which provides in-home care services, will speak about the potential applications of AI for aging in place at an upcoming event hosted by the National Aging in Place Council (NAIPC) this October in Or l ando. Because we don’t want our customers’ information out in the public domain.
Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. In 2023, Celink renewed subservicing deals with major reverse mortgage lenders including Finance of America and Mutual of Omaha Mortgage.
Mortgage and real estate executives attending HousingWire ‘s Artificial Intelligence (AI) Summit in Dallas on Tuesday have already begun to collect some lessons learned from Friday’s global tech outage as the world is still dealing with its consequences. That’s the case for United Wholesale Mortgage (UWM).
The global pandemic hit our industry like a pair of defibrillator paddles, bringing mortgage industry CFOs to life and sending millions of dollars into new technology investment and implementation. Development of this technology was slow initially compared to other markets, but COVID has accelerated it into high gear.
John Rogers is a well-known name in the world of mortgage and real estate data analysis. The data gurus are ensuring the quality, finding new insights, and delivering it to our clients and our solution sets that face off into real estate, mortgage, insurance, government and so forth. Last year, there was 28. million deficit of homes.
A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up. In our business, that’s the refinance transaction.
Sandra Madigan, digital product director, enterprise product strategy, servicing technologies at Black Knight. Exclusive access to the HW+ Slack community and virtual events. The post How can the mortgage industry retain more employees? To read the other two Q&As in the magazine, go here. Become a member today.
Mike Cagney, co-Founder at Figure Technologies. Peter Norden, the CEO of Homebridge Financial Services , has been waiting a long time to do something truly unique in the mortgage business. Because the reality is, when you really look at it, all mortgage bankers sell pretty much the same products.
Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. In fact, UWM originated more than $182 billion in mortgages in 2020, generating about $3.37
The mortgage origination industry has long made use of an operational strategy that relies on “staffing up” during cycles of high volume and then making staff reductions, sometimes en masse, when origination volume declines. We have the means today to shift lenders to far more efficient staffing and personnel models.
Department of Housing and Urban Development (HUD) Office of Housing Counseling (OHC) has made a series of updates to its Housing Counseling Program Handbook, including extensive additions, consolidations and reorganizations to a section focused on the Home Equity Conversion Mortgage (HECM) program.
Mortgage companies must focus on bolstering cybersecurity infrastructure, and should report any and all incursions from bad actors who seek access to sensitive information or who plan to encrypt systems to hold for ransom. Exclusive access to the HW+ Slack community and virtual events. Become a member today. Already a member?
Agnes Standowicz, vice president, underwriting leader at United Wholesale Mortgage. HousingWire decided to dive deeper into a few of our award winners to get a peek behind the curtain on what defines an Insider , with this Q&A featuring Agnes Standowicz , vice president, underwriting leader at United Wholesale Mortgage.
Housing Wire recently sat down with Newbold Advisors Partner Robert Simpson to learn more mortgage claims in today’s servicing climate. HousingWire: What are some key challenges servicers are currently facing regarding mortgage claims? Robert Simpson: This is a pivotal moment for mortgage servicers.
And it’s because of the software, because of the technology. I think it’s all because of the technology. HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events. Quicken Loans , see how big they are? They prepared for it.”.
Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.
ICE MortgageTechnology is poised to help lenders do just that with its consumer engagement solutions. ICE MortgageTechnology’s consumer engagement solutions are all connected to a single data source – the Encompass platform – which ensures a more seamless experience from a single partner.
HousingWire recently spoke with Aditya Udas, managing director at Iron Mountain, about the potential for digital transformation of mortgage custodial duties and how Iron Mountain is innovating collateral management. HousingWire: How does custody transformation impact the mortgage industry? AU: Firstly, the issue of scalability.
Volatile mortgage loan volume and profits in todays real estate market are causing lenders to seek out ways to reduce expenses. ICE MortgageTechnology conducted a cost analysis with a deep dive into previously undetected and preventable expense eroding mortgage lender profit margins. What are fee cures?
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