Housing Wire

SEPTEMBER 24, 2020

Digital mortgage lender Better.com is in talks to raise more than $100 million in new funding that would value the company at about $4 billion before an upcoming public offering, according to a new report. The potential new funding round comes amid a historic period of growth for the mortgage industry. trillion in mortgages.

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Valuation Loan Officers Retail Mortgage 338

Housing Wire

AUGUST 5, 2021

The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Valuation Housing Market Renovations 529

Housing Wire

JANUARY 22, 2021

After ringing the bell of the New York Stock Exchange on Friday morning, Mat Ishbia’s United Wholesale Mortgage (UWM) is a publicly traded company. UWM, the second-largest mortgage originator in America , debuted trading at $11.95. In the third quarter, UWM originated $54 billion worth of mortgages. By 10:45 a.m.

Mortgage 524

Mortgage Technology Investors Business 524

Housing Wire

JULY 29, 2021

The average 30-year fixed-rate mortgage increased slightly to 2.80% for the week ending on July 29, halting a streak of weekly declines, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The 15-year fixed-rate mortgage decreased two basis points from last week, averaging 2.10% for the week ending on July 29.

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Mortgage Valuation Investors Housing Market 448

Housing Wire

APRIL 30, 2022

As businesses around the globe continue to streamline their processes with the help of tech advancements, residential valuation services are doing their part to keep pace. subsidiary and Radian company, offers 21st-century valuation solutions that take home price estimates to a new level.

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Valuation Real Estate Technology Real Estate Agent 327

Housing Wire

OCTOBER 13, 2020

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. behind only its Detroit rival Rocket Mortgage. billion valuation in the fourth quarter. “It’s not about answering to investors. originated $54.2 from Q2 2020).

Mortgage 508

Mortgage Investors Valuation Finance 508

Housing Wire

OCTOBER 13, 2020

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020. The bank cited runoff from its mortgage portfolio – driven by a wave of refinancings – as a reason for reducing its reserves. . billion in revenue from its home lending division in the third quarter, according to the investor presentation.

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Business Mortgage Retail Investors 415

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. Joe Camerieri, EVP Mortgage Cadence. Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used.

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Technology Mortgage Investors Investing 474

Housing Wire

MARCH 15, 2024

Optimal Blue has brought on Sara Holtz, former vice president of demand marketing and communications at ICE Mortgage Technology , as chief marketing officer (CMO). She has a track record of proven leadership, and she will play an integral role as we continue to expand our position as the leader in mortgage secondary marketing technology.”

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Mortgage Technology Valuation Investors 402

Housing Wire

JUNE 21, 2022

The stock market has not been kind to mortgage lenders – some are now trading in the $1-a-share range. In a one-week period between June 10 and June 17, 11 publicly traded mortgage companies lost a collective $6.14 As investors fled the space, their valuations declined 17.4% billion in market capitalization.

Mortgage 405

Mortgage Valuation Investors Finance 405

Housing Wire

NOVEMBER 8, 2022

Mortgage Capital Trading (MCT) announced the appointment of Jennifer Kennelly as the new senior director of its investor services team. MCT aims to utilize Kennelly’s experience in the mortgage industry and capital markets to grow its Bid Auction Manager Marketplace, an open mortgage loan exchange platform launched in 2020.

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Investors Sellers Buyers Technology 317

Housing Wire

MAY 2, 2021

Over the last several years, significant technology trends continue to change the way people interact and work, and collateral valuation is no exception. This unique valuation offering is bolstered by the industry’s largest, most comprehensive database of property and homeowner information and recorded document images.

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Technology Valuation Mortgage Inspection 379

Appraisal Buzz

OCTOBER 4, 2021

Our goal is to develop solutions to this persistent problem, including appraisal best practices, uniform standards for automated valuation models, enhanced consumer disclosures, improved value processes, and revised fair lending exam procedures and risk assessments.”.

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Valuation Appraisal Contracts Finance 370

Housing Wire

MARCH 27, 2024

Clear Capital , a real estate valuation technology company, has broadened its collaboration with data management platform Cherre , the companies announced on Wednesday. Single-family rental (SFR) investors also rely on AVMs to assess asset portfolios, guide leasing and sale decisions, and ensure thorough due diligence. “We

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Valuation Investors Real Estate Investing 406

Housing Wire

JULY 17, 2024

regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs). AVMs deploy technology to value the properties used as collateral to secure mortgages.

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Valuation Technology Law Insurance 387

Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HW: How can integrating title and valuation data points alleviate those pain points? Altisource does.

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Valuation Lending Real Estate Investors 265

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 common understanding of valuation, inspection and even property value is shifting, as more and more technology-enabled alternatives are emerging.

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Tools Valuation Inspection Investors 386

Housing Wire

AUGUST 10, 2021

Fintech lender Figure Technologies is going full force in to the mortgage lending – and now servicing – blockchain revolution. According to the Tuesday press release, Sagent will power Figure’s mortgage servicing to grow out its blockchain development. Investors and affiliates of the round, including Apollo Global Management, Inc.,

Mortgage 370

Mortgage Technology Investors Lending 370

Housing Wire

JUNE 20, 2024

(FDIC) — announced their approval of a final rule imposing quality control standards for automated valuation models (AVMs) used by mortgage originators and secondary market issuers. AVMs, which value residential real estate used as collateral to secure mortgages, are under an interagency rulemaking process.

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Valuation Real Estate Insurance Appraisal 375

Housing Wire

FEBRUARY 14, 2024

The rapid collapse of four regional banks that began last March shocked regulators and investors alike. The demise of those banks, which had relied in part on friendly terms on jumbo mortgage loans to entice wealthier clients, had lasting effects on the mortgage landscape – as part I and part II of our jumbo series show.

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Mortgage Real Estate Insurance Tenants 404

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. Where are mortgage rates headed? in second-quarter 2024.

Mortgage 456

Mortgage Retail Investors Buyers 456

Housing Wire

FEBRUARY 5, 2021

Altisource® is a leading and trusted provider of innovative solutions for servicers, originators and investors in the real estate and mortgage industries. Economical due diligence solutions for HELOC lenders, servicers and investors. #3. The post Mortgage Tech Demo Day: Altisource appeared first on HousingWire.

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Mortgage Valuation Investors Real Estate 270

Housing Wire

MARCH 19, 2021

Consumers, real estate agents, investors, mortgage lenders, insurance companies and other financial institutions need accurate valuations to inform their immediate decisions about investing in real estate and underwriting property. Todd Teta – guest columnist March HW Magazine.

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Real Estate Agent Real Estate Insurance Investors 487

Housing Wire

MAY 2, 2024

In early November, 30-year fixed mortgage rates began a nosedive, declining from near 8% to below 7% in a matter of months before once again starting to rise at the start of 2024. at the end of April, according to HousingWire ’s Mortgage Rates Center. Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac.

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Marketing Mortgage Investors Sellers 396

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital.

Brokerage 393

Brokerage Mortgage Loan Officers Finance 393

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Technology 463

Technology Valuation Lending Landlords 463

Housing Wire

DECEMBER 26, 2023

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. Mortgage rates will moderate down to about 6% to 6.25%.” ” Kornfeld expects mortgage originations to range from $1.8

Mortgage 505

Mortgage Inventory Marketing Finance 505

Housing Wire

JULY 16, 2024

Portfolio Intelligence and Monitoring Servicing a mortgage portfolio is a daunting challenge with hidden risks, requiring a holistic view and strong understanding of your portfolio. Portfolio Intelligence and Monitoring provides the business intelligence you need to make informed decisions.

Legal 375

Legal Valuation Tools Investors 375

Housing Wire

FEBRUARY 19, 2021

It could also have big implications for appraisers, who are already nervous about the continued rise of automated valuation models. Cape Analytics’ AI system instantly extracts property condition from images, which is then run through Weiss’ valuation model, Raj Dosaj, Cape Analytics’ head of real estate, explained.

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Valuation Real Estate Investors Appraisal 392

Housing Wire

SEPTEMBER 19, 2022

Mortgage tech startup Staircase says it has launched a tool that enables mortgage insurers to automate the underwriting of non-delegated mortgage insurance (MI) policies for lenders at about half of the typical cost. Which mortgage tech advancements are making the biggest impact? . Presented by: Stavvy.

Insurance 363

Insurance Tools Mortgage Valuation 363

Appraisal Buzz

AUGUST 19, 2024

Consolidated Analytics CEO Arvin Wijay Consolidated Analytics (CA) , a Santa Ana, California-based provider of comprehensive mortgage services and data analytics, has announced the acquisition of the assets of Investor Claim Solutions (ICS), a firm specializing in investor claims solutions and loss analysis recovery.

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Investors Clients Valuation Real Estate 195

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 445

Technology Development Real Estate Valuation 445

Housing Wire

APRIL 9, 2021

The firm offers targeted data analytics to simplify tax solutions, property valuation and settlement services for investors, government agencies, servicers and lenders. The transaction occurred around the same time that investment firm Gridiron Capital acquired Class Valuation , a technology-enabled appraisal management company.

Appraisal 368

Appraisal Valuation Real Estate Agent Real Estate 368

Appraisal Buzz

AUGUST 26, 2024

Valuations firm Veros Real Estate Solutions has introduced iVALUATION , a new platform that provides housing finance professionals with the quick insights they need to be confident in the accuracy of a property valuation. The platform is engineered to help validate property valuations.

Valuation 195

Valuation Tools Reconsideration of Value Real Estate 195

Housing Wire

JULY 1, 2024

Name Job Title Company Name Ali Haralson President Auction.com Amy Jo Plummer Vice President of Customer Experience Maxwell Anita Blue President LGBTQ+ Real Estate Alliance Candy Nowak Chief Credit Officer CMG Financial Cecilia Choy Chief Operating Officer ICE Mortgage Technology Cerita Battles Head of Community & Affordable Lending Chase Charis (..)

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Realty Real Estate Chief Valuation Officer Technology 470

Housing Wire

DECEMBER 29, 2020

With 2020 finally coming to a close, several companies wrapped up this unprecedented year for housing with some brand-new mortgage tech for 2021. With that aggregation, Optimal Blue said lenders can more efficiently price and originate mortgage products that can be sold on the secondary market.

Mortgage 319

Mortgage Investors Technology Real Estate Agent 319

Housing Wire

OCTOBER 20, 2021

Less than one month after launching operations , the private holding group StoicLane – the backers of Interfirst Mortgage – has acquired control of the appraisal management company Lender’s Valuation Services (LVS). ” How do remote valuation solutions benefit appraisers? Presented by: Incenter.

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Appraisal Valuation Appraisal Process Finance 347