Remove Insurance Remove Lending Remove Technology
article thumbnail

Rocket to shut down origination channel for real estate and insurance agents

Housing Wire

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages.

article thumbnail

Concerns are growing over the rising cost of homeowners insurance

Housing Wire

The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk , a technology services company serving the residential real estate lending industry. average, according to estimates from the Insurance Information Institute.

Insurance 413
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Blend breaks into title insurance with latest acquisition

Housing Wire

Digital lending software provider Blend announced on Monday that it is expanding its cloud-based platform with the acquisition of Title365 from the Mr. Cooper Group for approximately $422 million, reflecting an enterprise value of $500 million. How hybrid title and valuations help increase lending efficiency. Presented by: Altisource.

Insurance 387
article thumbnail

IMB Summit: Holstering the “money gun,” addressing the homeowner’s insurance crisis & more

Housing Wire

“It’s the fear of the unknown,” said McGrath, whose lending company is based in Florida. How much technology can we take on, can we absorb, can we use responsibly in order to grow our business without expanding our payments?” Just seeing the crazy increases in technology costs have skyrocketed.

Insurance 331
article thumbnail

UWM cuts out title insurer with updated TRAC+ program, rolls out 0% down purchase initiative

Housing Wire

UWM’s TRAC+ announcement comes as the federal government pushes title insurance alternatives designed to save consumers money. the company also announced ChatUWM, an AI-powered search engine that provides instant responses to clients, including guidelines, matrices, lender tools, and technology. loans but only for refinances.

Insurance 456
article thumbnail

Figure Lending lands $100M funding facility

Housing Wire

SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. The warehouse facility will allow the company, a subsidiary of Figure Technologies , to originate conventional loans as well as jumbo loans , the company said in a statement Wednesday.

Lending 278
article thumbnail

USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. In August, the bank issued pink slips to an undisclosed number of employees in human resources, client advising, information technology, according to the outlet.