Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. We are a solution provider,” said Keith Murray, president and CEO of VRM.

Lending 393

Lending Clients Investors Training 393

Housing Wire

SEPTEMBER 29, 2020

Right now, while things are good, invest in cross-training your staff. Unlike most investors, TMS offers co-branding, so that even after you’ve sold them your loan, your brand will remain top-of-mind for customers. The post Refi Sugar High: How to balance your lending diet appeared first on HousingWire.

Lending 459

Lending Loan Officers Business Investors 459

Appraisal Buzz

MARCH 5, 2025

He gained significant expertise in lending law enforcement while serving in the Pennsylvania Attorney Generals Bureau of Consumer Protection, handling UDAP, Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), and Truth in Lending Act (TILA) cases.

Legal 221

Legal Insurance Law Lending 221

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

Investors 476

Investors Real Estate Lending Loan Officers 476

Housing Wire

OCTOBER 5, 2023

Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Following a pattern eerily similar to the U.S. in 2008 and 2009. In the U.S., This indicates that the U.S.

Real Estate 459

Real Estate Housing Market Marketing Investors 459

Housing Wire

APRIL 20, 2022

eVaults also support an enhanced customer experience for borrowers and streamline interactions with other participants — warehouse lenders, investors, servicers, etc. eNotes and eVaults deliver operational and cost efficiencies for originators, warehouse lenders, investors, custodians and trustees. within the mortgage ecosystem.

Lending 395

Lending Investors Technology Business 395

Housing Wire

FEBRUARY 28, 2024

Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

Mortgage 458

Mortgage Investors Real Estate Business 458

Housing Wire

SEPTEMBER 13, 2023

CAPE Analytics has unveiled a new, AI-powered , automated property condition report (aPCR) tool crafted for institutional lenders, whole loan investors, and real estate investors. The data can also be accessed via an API, in bulk data, or through a dynamic web application.

Tools 418

Tools Valuation Inspection Investors 418

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? Underwriters are trained as desktop underwriters (DUs). It’s not subprime lending. That takes a lot of time.

Lending 397

Lending Investors Mortgage Technology 397

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. “The riches are in the niches.”

Lending 434

Lending Loan Officers Real Estate Mortgage 434

Housing Wire

JUNE 28, 2022

In addition to the momentum and the economics, digital lending just makes sense. As for investors, the GSEs were pretty much the only ones accepting eNotes. The landscape of investors accepting eClosed loans and eMortgages has grown exponentially. There was not yet a program for securitizing government loans.

Mortgage 435

Mortgage Training Business Transportation 435

Housing Wire

SEPTEMBER 20, 2022

There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. Ensuring trust in lending opens doors for more creativity, such expansion of the credit box and additional products, ultimately increasing access to homeownership and therefore, expansion of the credit box.

Marketing 370

Marketing Training Clients Technology 370

Housing Wire

APRIL 5, 2024

With civil rights bills like the Fair Housing Act (FHAct) and Equal Credit Opportunity Act (ECOA) now the law of the land, most lenders will note that they rely on supposedly objective borrower screening algorithms to make lending decisions. But the results tell a different story.

Mortgage 447

Mortgage Lending Buyers Property Management 447

Housing Wire

SEPTEMBER 27, 2021

Arming your origination team with the right technology and training to manage consistency, compliance and brand recognition on social media is worth the investment – not to mention the peace of mind. Training Loan Officers on Compliance Issues. Ongoing Training and Monitoring. Discussing Privacy Concerns.

Loan Officers 370

Loan Officers Training Development Technology 370

Housing Wire

OCTOBER 10, 2022

With increased federally mandated rules and regulatory scrutiny, mortgage lending operations must abide by standard industry practices. Whether our client is the originator or the investor, we always review the loan to the parameters provided and report accordingly.

Mortgage 418

Mortgage Clients Training Valuation 418

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

Housing Wire

MARCH 23, 2023

According to Hitz Mistry, chief marketing officer at Acra Lending , brokers offering non-QM products should market themselves as solution providers and choose the right lender partner to help them achieve their goals. To get started as a broker in the non-QM space, contact Acra Lending today. Why a solution provider?

Marketing 360

Marketing Lending Advertising Technology 360

Housing Wire

OCTOBER 14, 2021

But don’t expect UWM to jump aboard the crypto train just yet. Building the next generation of tech: Three ways to digitize home lending. The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience that would benefit both borrowers and servicers. “UWM

Technology 397

Technology Lending Training Mortgage 397

Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 “The combination of our technology platform and Rocket Cloud Force of highly trained professionals, continues to deliver scalability and a client experience that is unmatched,” CEO Jay Farner said in a statement Thursday. Rocket also reported net income of $2.77

Mortgage 448

Mortgage Real Estate Agent Real Estate Clients 448

Housing Wire

AUGUST 2, 2021

Aslan Home Lending Corporation. Mortgage Investors Group. JMAC Lending. VP, Sales Training. Synergy One Lending. SVP, Correspondent Lending. Planet Home Lending. President/CEO. Cassandra Alvis. VP, Transitions. Sourcepoint. Cheri Lines. Vice President of Technology Services. Nexsys Technologies.

Insurance 418

Insurance Lending Realty Finance 418

Housing Wire

JUNE 11, 2024

Thus, keeping abreast of regulatory and investor updates and trends is vital to maintaining loan quality and compliance. While this proposed rule doesn’t apply to mortgage lending specifically, it offers a glimpse into the CFPB’s current thought process and, therefore, is something lenders should pay close attention to moving forward.

Lending 446

Lending Clients Mortgage Training 446

Housing Wire

MAY 25, 2022

There is also the matter of efficiency versus increased lending cost. With so many different types of borrowers beginning to look towards non-QM for their lending needs, LOs and brokers are wise to incorporate a diverse set of loan options. With non-QM in a current transition state, forecasting future demand levels can be tricky.

Lending 418

Lending Investing Loan Officers Design 418

Housing Wire

MARCH 14, 2022

From my perch as the CEO of a digital lending platform, the past two years have witnessed a sea change in technology adoption. It’s also about preparing the lending enterprise for the coming generation of homebuyers. The path to digital lending. Mortgage lending is a very complex business. It did not always work so well.

Mortgage 369

Mortgage Technology Tools Lending 369

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. One of the company’s investors, Al Goldstein, CEO of StoicLane , said in October that “the mortgage industry is fragmented and ripe for disruption by tech-enabled, customer-centric platforms.”.

Mortgage 397

Mortgage Loan Officers Retail Technology 397

Housing Wire

OCTOBER 26, 2020

As one of the largest correspondent investors in the country, AmeriHome is focused on being a consistent, reliable partner to its clients. In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions.

Client Relationships 397

Client Relationships Clients Technology Business 397

Housing Wire

JULY 29, 2024

At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. AI is learning all the time, which means it has to be fed and trained on accurate, up-to-date data. Best use cases are larger multifamily operators as it needs lots of training data to accomplish.

Tools 360

Tools Training Tenants Property Management 360

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. Homepoint told HousingWire in March that it was considering including bank statement and investor cash flow loans in its portfolio. Time and training. ” Just a little less vanilla.

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 370

Marketing Retail Lending Loan Officers 370

Housing Wire

OCTOBER 19, 2023

And then there are some areas that are specific to our products in the non-QM lending space where there may not be anything in the market that is pre-built or off the shelf and the only opportunity to actually bring some of our lending products to market or execute on our on our strategies is to build something custom.

Technology 434

Technology Tools Investing Lending 434

Housing Wire

SEPTEMBER 28, 2023

The mortgage lending industry exists to make home loans, not to repossess them. They should also be on top of other compliance considerations such as oversight, training, staffing recommendations and, above all, documenting everything. Understandably, foreclosure has never been a popular topic. Nor should it be.

Legal 448

Legal Training Real Estate Business 448

Housing Wire

JUNE 22, 2023

In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs). Its BPL business originates about $30 million in volume every month, according to the firm.

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Business 370

Housing Wire

JUNE 2, 2022

In other words, it flattens out the space between the primary and secondary markets, allowing mortgages to essentially be originated and securitized nearly instantaneously across a distributed computer network that is accessible to authorized investors. “It It [promises to] completely remove, or disintermediate, the higher market,” he added.

Technology 418

Technology Investing Investors Mortgage 418

Housing Wire

APRIL 24, 2023

Our proprietary predictive analytics engine has been trained on nearly one billion credit inquiries. If you look at the new LLPA tables, you’ll see that the investors reward lenders for lending to less risky borrowers. CreditXpert is a data science company. One measure of that risk is the applicant’s credit score.

Business 397

Business Loan Officers Training Tools 397

Housing Wire

AUGUST 17, 2021

HW: How can lenders maintain momentum with the Government Sponsored Enterprise (GSE) investor property cap? We’ll support you every step of the way, with training, nurturing and the guidance of our experienced account executives. And once you’re a correspondent, we can help you secure warehouse lines of credit.

Investing 435

Investing Technology Business Finance 435

Appraisal Buzz

AUGUST 16, 2024

Initially drawn to the intricate intersection of real estate law and financial regulations, I found my niche representing lenders, servicers, and debt buyers in matters related to lending, collections, and compliance. Q: What are the trends you see at play in the bankruptcy sector right now?

Legal 397

Legal Law Clients Technology 397

Housing Wire

JUNE 27, 2022

“You’re going to start to see the housing market price a lot of people out, which means there’s going to be fewer loans out there to be done, which means you’re going to probably see a lot of people starting to exit,” said Coley Carden, vice president of residential lending at Winchester Co-Operative Bank.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

MAY 25, 2021

A 2017 study conducted by the National Association of Realtors found that “lack of training, downward trends in compensation, and increasing regulation,” were driving both existing and would-be appraisers away from the industry. Navigating appraisal challenges in today’s housing market. And appraisal waivers would be informed, not blind.

Appraisal 370

Appraisal Valuation Real Estate Modernization 370