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This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. GridBase is a proven leader in title and lendingtechnology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows.
Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.
Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Cagney’s attempt to bring blockchain technology to mortgage lending at scale dates back to August 2021.
Ongoing supply and affordability challenges in the housingmarket have frustrated many homeowners who have looked to trade up or relocate for various reasons. Data from ICE Mortgage Technology found that tappable home equity — the amount that a homeowner can draw from while keeping a 20% equity stake — rose to a record $17.6
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets 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.
Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.
By focusing on these technological advancements, Opteon not only improves the appraisal process but also offers significant competitive advantages to its lender customers. Opteon’s approach to data collection addresses these challenges by integrating cutting-edge technology with professional expertise.
Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. From origination to closing, it covers all lending channels in one system. “We’re always looking for ways to make the loan process smoother,” an ICE Mortgage Technology representative explained.
The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The subprime lending crisis previously induced Congress to bolster lending protections, and the new rule now applies the same safeguards to the PACE program, the bureau said.
As a result, lenders aim to include reliable mortgages in their securities and have technology to assess credit risk, detect fraud, and monitor performance — in order to avoid forced buybacks or losses for investors that diminish market confidence. This helps attract ongoing investment capital into the housing sector.
Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. “With so many of our lending officers turning to the Knock Bridge Loan as a financing solution, this integration will streamline the approval process.
This years honorees represent the top talent in corporate finance, ensuring their companies remain competitive in a dynamic housingmarket. Take a look at the full list of this year’s honorees below.
Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers.
HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.
Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. ICE’s appointment of Bowler as incoming president ICE Mortgage Technology comes at a crucial time for the company. ICE Mortgage Technology is also eyeing increased sales in its Encompass loan origination system in 2023.
This list serves as a valuable resource for mortgage lenders and real estate professionals seeking trusted partners and technology solutions to address industry challenges. From streamlining lending operations to elevating the real estate experience, their innovations are paving the way for a more efficient and dynamic housingmarket.
Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. The post Ex-Zillow execs promise revolution in lending appeared first on HousingWire. But this is no ordinary mortgage startup.
HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . HW: What role does Customer Intelligence play in today’s challenging housingmarket?
June saw both record-low home price appreciation and the largest single-month increase of for-sale inventory in 12 years, resulting in a cool down in the housingmarket. And the housingmarket would likely slow further in the coming months if mortgage rates remain persistently high.
As the housingmarket suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It appears that securitization market has arrived.
I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. What’s the role of tech as lenders play the long game in this market?
And due to today’s booming housingmarket, they’re having to do even more. CF Wholesale provides brokers with the resources and technology to drive their business and serve their clients. Our promise to our broker partners is that we genuinely want them to succeed,” said Karl Benjamin, Senior Vice President of Wholesale Lending.
The housingmarket has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the 2022 housingmarket has been underscored by rising interest rates, inflation and geopolitical turbulence. Our brokers are our partners.
However, there is a big difference between apartment lending and homeowners who have a 30-year fixed-rate mortgage. Notably, the rate of multifamily delinquencies currently stands at under 1%, but it is at levels above the 2008 recession. Some people are trying to imply that we have major stress in homeowner data.
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. Is now a good time to invest in real estate automation technologies?
To solve this problem, local lenders are beginning to leverage innovative partnerships and technology to bring new products and channels to market. These solutions give local lenders an edge not only due to what they provide, but also due to the complexities, resources and headaches they offload from lending teams.
Williams IV, founder and CEO of Percy.ai, about what housing professionals can do to improve their deal flow despite the turbulence of the current housingmarket, and how investing in valuable data insights could be the key to success. . Our team brings decades of real estate and technology industry expertise.
With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housingmarket and how Radian is helping further homeownership.
This shift requires not only technological adjustments, but also a top-to-bottom cultural transformation within lending institutions and their missions. The mortgage market is more competitive than ever. Why Update Your Credit and Verification Workflows?
Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. The initial 30 days establish a foundational understanding of mortgage lending concepts.
Borrowers want consistency through the lending process – Here’s how to give them that. Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. Presented by: Indecomm Global.
The mortgage addition follows similar integrations for rental screening and auto lending. After years of sluggish activity due to inflation , high interest rates and a tight housingmarket, mortgage originations are expected to rise to 5.7 million in 2025, up from 4.6 million in 2024, according to TransUnion.
A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. What happens when borrowers have more control of the lending process? FormFree is launching a blockchain-based exchange for consumers to take control of the mortgage lending process.
This tagline is “an embodiment of the seamless integration of data, technology, artificial intelligence, insights, and people that inspire Cotality to collaborate across the entire lifecycle of properties and homeowners,” the company said in the release. Cotality unveiled a new tagline as well: Intelligence beyond bounds.
In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Despite early jitters, fears of a housingmarket slump proved unfounded. Its home-lending business sported $1.71 Presented by: Sutherland.
Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housingmarket that is arguably flourishing in these hard times – home equity. billion in the fourth quarter of 2021,” a recent market assessment by ATTOM shows. billion in 2021 to $9.6
In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. The LOS is a foundational piece of technology for every lender.
Here’s a look at a lendingtechnology that can help forge a pathway for underserved populations to build generational wealth through homeownership. Amid very uncertain times, with the pandemic again threatening the economy, we will keep watching this key measure of housingmarket stability,” Teta concluded.
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.
Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.
At a small mortgage banker, leadership has to know all aspects of lending. Chris Mozilo: If I didn’t go into mortgage lending, I would have likely become an architect. HW Media: What do you think the big themes for the housingmarket will be in 2023? 2023 is a reset for housing and for lenders. in mortgage banking.
However, the advent of new digital technologies is creating change by seamlessly connecting these disparate elements, offering a smoother, more integrated experience for both lenders and homeowners. At the core of this transformation is the ability of mortgage bankers to adopt a modern, digital lending platform built within the cloud.
Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair?
Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. Take a look at the full list of winners below to see their accolades and achievements that are helping to move the housingmarket forward.
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