Housing Wire

OCTOBER 17, 2023

Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week. This offering, called Blend IMB Essentials, includes many of the same features of its standard offering for mortgage lenders. of Blend told HousingWire. “The

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Retail Loan Officers Inventory Mortgage 468

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 418

Mortgage Retail Loan Officers Brokerage 418

Housing Wire

MAY 26, 2022

In light of this, HW Media CEO Clayton Collins spoke with Steve Reich, COO at Finance of America Mortgage, to learn more about tactics top originators are using to build and retain relationships with borrowers. . Real estate professionals and the mortgage professionals need to partner together,” Reich said.

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Loan Officers Finance Technology Insurance 418

Housing Wire

JULY 16, 2021

The second big mortgage joint venture announcement this week is a meeting of the Glenns. Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology. Presented by: SimpleNexus.

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Mortgage Lending Brokerage Agents 435

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Their innovative marketing technology is easy to use and is proven to move the needle in our industry.

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Marketing Real Estate Agent Tools Realtors 431

Housing Wire

APRIL 14, 2022

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.

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Mortgage Marketing Retail Lending 526

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The uncertainty and volatility in financial markets is heavily impacting mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Presented by: FormFree.

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Buyers Mortgage Loan Officers Retail 482

Housing Wire

FEBRUARY 27, 2023

Mortgage lender CRM and marketing automation solutions provider Insellerate has launched a new third party origination (TPO) solution for wholesale lenders, the company announced on Monday during ICE Experience. The new product is fully integrated into loan origination systems, like ICE Technology’s Encompass and MeridianLink.

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Loan Officers Retail Inventory Lending 397

Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Now, you’ll never hear me berate the role technology can and should play at critical moments in a homebuyer’s journey.

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Lending Marketing Technology Contracts 367

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

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Lending Technology Business Construction 370

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , hopes to woo brokers with a slew of product enhancements and services. Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year. “The

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Loan Officers Real Estate Agent Tools Business 336

Housing Wire

APRIL 7, 2021

The mortgage rate outlook component experienced the only decline in March’s HPSI, with the latest results indicating that only 6% of consumers believe that mortgage rates will decrease over the next 12 months. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

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Sellers Real Estate Agent Real Estate Loan Officers 518

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

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Mortgage Investors Clients Marketing 397

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. and Austin.

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Housing Market Marketing Real Estate Technology 545

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion in sold loans through its direct-to-consumer channel and $9.6 billion from $8.1

Clients 368

Clients Business Inventory Mortgage 368

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

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Housing Market Marketing Buyers Investors 476

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? .”

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Retail Inventory Mortgage Loan Officers 370

Housing Wire

OCTOBER 5, 2023

As the housing market 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. billion, according to a review of bond-rating and industry reports.

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Housing Market Marketing Contracts Finance 448

Housing Wire

OCTOBER 31, 2023

HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology , about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. I compare it to how people felt before the iPhone came out.

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Technology Tools Loan Officers Development 458

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory.

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Renovations Realtors Construction Mortgage 435

Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market.

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Marketing Lending Loan Officers Training 370

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

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Mortgage Loan Officers Inventory Business 476

Genworth MI Blog

JANUARY 24, 2019

In the mortgage industry, we consistently hear that mortgage fraud is becoming more difficult to commit. What that really means is that traditional methods of mortgage fraud are becoming more difficult to commit, especially with improvements in technology and verification of borrower information. Identity theft.

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Loan Officers Mortgage Buyers Real Estate Agent 78

Housing Wire

DECEMBER 11, 2023

After hitting a 23-year high of 8% in October, mortgage rates have cooled down to the lowest levels since July. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand.

Mortgage 482

Mortgage Buyers Inventory Technology 482

Genworth MI Blog

JANUARY 24, 2019

In the mortgage industry, we consistently hear that mortgage fraud is becoming more difficult to commit. What that really means is that traditional methods of mortgage fraud are becoming more difficult to commit, especially with improvements in technology and verification of borrower information. Identity theft.

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Loan Officers Mortgage Buyers Real Estate Agent 60

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. As the market has shifted, however, with mortgage rates rising in 2022 faster than forecast and lenders quickly cutting costs, some tech providers now are left vulnerable.

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Mortgage Technology Loan Officers Investing 397

Housing Wire

NOVEMBER 7, 2023

And how should mortgage firms rethink tech strategy? Below I run down these hot topics and look forward to going deeper with fellow mortgage CEOs on a HousingWire webinar December 5. What’s next for the inflation fight and mortgage rates? trillion per Urban Institute , and total mortgages outstanding are $13.9

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Mortgage Loan Officers Valuation Tools 434

Housing Wire

MAY 24, 2022

Over 25 years, this one person has been a mortgage customer of six different mortgage companies, each saving him over $100 per month. For starters, there will be fewer of us — loan officers, banks, brokers. Technology, artificial intelligence (AI) and possibly cryptocurrency will change the transaction.

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Mortgage Real Estate Agent Business Loan Officers 459

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Got questions? We’ve got answers.

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Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. Low rates may lower a monthly mortgage payment, making now an ideal — and affordable — time to trade up or downsize. Find a loan officer who cares as much as you do.

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Clients Sellers Loan Officers Real Estate 62

Cornerstone

JUNE 8, 2021

Locking in a historically low mortgage rate, while they can. To provide an example, if you sell your home right now, you’re giving a buyer the chance to secure today’s record-low mortgage rates. ” – Click here to find a Cornerstone loan officer near you. Purchasing before housing prices rise again.

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Marketing Sellers Renovations Loan Officers 46

Cornerstone

APRIL 2, 2021

Mortgage rates reached new lows multiple times, and buyers took advantage of this surge in affordability by snapping up available houses. Buyer activity remains high , and low inventory continues to pose a problem. Connect with a local loan officer now. ICE Mortgage Technology, Feb.

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Decorating Buyers Sellers Loan Officers 41

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

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Lending Mortgage Real Estate Loan Officers 397

Assurance Financial

APRIL 15, 2024

You’ll find lucrative job opportunities in numerous booming industries like financial technology, logistics, health care, information technology and manufacturing. The median sale price hangs around $375,000 to $400,000 — a figure that has improved due to increased construction that supplements the housing inventory.

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Logistics Housing Market Investing Loan Officers 36

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Topics include: The Fed, Home Sales, Employment, Mortgage Rates and Commercial Real Estate.In For the remainder of the year, mortgage originations are expected to remain stagnant. Varies widely around the country.

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Appraisal Contracts Business Construction 83

Appraisal Today

OCTOBER 14, 2022

Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision. Lenders want fire insurance for all mortgage loans.

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Appraisal Insurance Real Estate Business 52