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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.
Over $4 trillion in originations made its way through the housingmarket 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.
And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housingmarket in 2021. Specifically, housingmarkets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6%
Did you just begin your career as a mortgage loanofficer and need the answers to questions you didn’t even know you had? 3-5, HW Annual is the epicenter of all things housing, and it is taking place in Scottsdale, AZ. Reaching Homebuyers in a Purchase Market. HousingMarket Super Session. Happening Oct.
I’m going to start by making Rate the absolutely best place for every single loanofficer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
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?
The stagnant housingmarket has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. Real credited its technology offerings and business model for the explosive growth in agents. Instead, its continuing to add agents at an explosive rate.
The Federal Reserve ‘s effort to temper inflation has cooled the housingmarket that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housingmarket is the strength in new-home sales. It’s a bifurcated market in that sense. So that has picked up.
Further, we will do everything we can to support a strong labor market as we progress toward price stability.He indicated that Federal Open Market Committee (FOMC) participants were targeting the federal funds rate to be at 5.1% by the end of 2024, 4.1% by the end of 2025, and 3.1% by the end of 2026.
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?
This shift requires not only technological adjustments, but also a top-to-bottom cultural transformation within lending institutions and their missions. Updating verification workflows is not merely an understandable reaction to new technologies, but a necessity driven by market conditions, regulatory requirements, and customer expectations.
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.
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. Jim Riccitelli, CEO of Unlock Technologies, said there is about $1.5
Despite a stagnant housingmarket, Zillow reported that its revenue was up by double-digit percentages across the board in both the fourth quarter and the entire 2024 calendar year. Or we work with agents and agent teams to introduce loanofficers to them to partner with when they want to start by touring first.
Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.
The lender has about 80 loanofficers and aims to hire up to 100 in states. Capturing leads with tech Another priority for the lender is procuring leads through its proprietary technology. The market is retracting but it’s the best time to build,” Watanasuparp said. But the client gets to benefit from that.”
Setting your sights on the future is important for any business owner, agent or loanofficer looking to find success in the ever-changing housingmarket. The Future of Marketing panel on Oct. Everything from social media and marketing to different generations of homebuyers will be covered during the panel.
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. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin.
Editor in Chief Sarah Wheeler sat down with Matt Van Fossen, CEO of Absolute Home Mortgage and Mortgage Automation Technologies , to talk about his unique view of the housing ecosystem and how it influences how he builds technology. How do all those different roles influence the technology you build?
Sarah Wheeler: What differentiates Polly’s technology? Adam Carmel: The technology is only as good as the people building it, and their propensity to really push the envelope and think through all of the pain points that have existed through 20-plus years of legacy, antiquated systems and approaches. No — we want to execute.
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.
In a call to all mortgage executives and loanofficers, these two speakers are looking to address the way most lenders and loanofficers do business. If you don’t have the best technology platforms, you are losing loans and leaving both borrowers and Realtors behind. Presented on Oct.
Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housingmarket and consumer confidence to sell or buy a home, increased in March by 5.2 Technology has given consumers the power of choice and expedited the entire real estate purchasing process. points to 81.7.
So, we’ve built our own technology. So, we’ve built a lot of integration with our LOS and our servicing platform to bring it all together for a loanofficer. This coaching program is designed and run by our own successful loanofficers. The other thing that’s important is our coaching program.
For lenders, navigating the transition from selling loans to servicing them involves juggling diverse functions, expertise, and systems, often creating a disjointed experience for the consumer. Compounding matters even further is the traditional divide that exists between a lender’s origination and servicing operations.
Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loanofficers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors.
Find the right mortgage with a local broker and Rocket technology,” intoned the narrator on the commercials, which premiered during the Super Bowl. The ads are mostly set not in a loanoffice, but a home showing.
This year’s HW Annual will feature dozens of industry experts and leaders from all corners of the housing ecosystem. Whether you are in the mortgage, real estate, title or technology sectors of housing, there will be something for everyone to learn and enjoy at HW Annual. . The conference will kick off this coming Monday, Oct.
The platform allows loanofficers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS.
HousingWire recently sat down with Matthew Marx, CEO of Evocalize, to learn more about the importance of lead gen and referrals in a hot housingmarket. Matthew Marx: Increasing referrals and generating leads today helps lenders reap even greater returns while the market is hot.
Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Successful agents, brokerages and loanofficers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors.
Financial readiness technology firm FinLocker has partnered with FirstHome IQ , a nonprofit organization that is “committed to providing the next generation of homebuyers with financial education.”
As the housingmarket continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing loans but also ensuring they make it to close. HousingWire: What role are marketers playing in this current?
After nearly two years of trudging through a frozen housingmarket , the consensus among mortgage professionals is that the worst of it is over. Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loanofficers — by giving them the same technology and marketing support.
In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans. The LOS is a foundational piece of technology for every lender.
While many proptech companies have struggled to adapt to the slower housingmarket conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. While Yen likes the product, she feels it is best handled by senior loanofficers like herself, a nearly 30-year veteran of the industry.
They are a great company with an awesome culture in markets we just don’t have much of a presence in, so it made sense. We recognize that loanofficers have a choice, and when they choose to join a company on their own, it just seems to work better. SW: What differentiates New American Funding in this market?
Lenders and applicants alike rely on powerful tools and technology that increase transparency and create ease, speed and convenience. The company’s predictive analytics platform not only provides lenders with the benefit of intuitive technology, it also helps more applicants qualify for mortgages.
That is the kind of broker we like working with – a team that succeeds by focusing on the human aspects of their operation, so everyone brings their full and most productive selves to the office. Part of this success-filled ecosystem is PrimeLine Capital’s use of Rocket Pro TPO technology.
Loanofficers told HousingWire this week that they were quoting rates in the low 6% range on conventional products, but about 100 basis points lower on jumbos. The surge in rates has cooled the housingmarket over recent months, with buyers fretting over reduced purchasing power and record-high home prices.
The digital-only lender, whose loanofficers don’t make commissions, capitalized on an incredible boom in refinancings. It will utilize Better’s technology to source and execute deals. the housingmarket in the U.K. Better is one of America’s fastest-growing lenders. consumers, including £1.1
Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. The mortgage technology division at ICE posted $330 million in total revenue in the third quarter, up about 19.6%
But now Realogy is “firing on all cylinders,” according to Charlotte Simonelli, Chief Financial Officer of the company, who spoke on the earnings call. Let’s dive into two areas that technology partners and independent brokerages can align to ensure that demand is captured and more at-bats are won. Presented by: Propertybase.
Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018. Nearly two-thirds of lenders (65%) in 2023 said that they are familiar with AI/ML technology, consistent with 2018 (63%). “As
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