Remove Lending Remove Modernization Remove Retail
article thumbnail

One mortgage lender abandons the Florida condo market

Housing Wire

California-based Provident Funding Associates LLC is getting out of the Florida condo lending business , it told broker partners on Friday. Condos in Florida have to be next level,” said one retail lending executive. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Condos are hard.

Marketing 524
article thumbnail

FOA promotes Jonathan Scarpati to chief production officer

Housing Wire

Scarpati previously served as the company’s senior vice president of wholesale lending. Scarpati will now oversee both wholesale and retail production at FOA, in an effort to optimize internal structures and accelerate performance gains for its multichannel operations.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Cloudvirga Announces Enhanced Integration Between Horizon Retail POS and Encompass Partner Connect

Appraisal Buzz

Cloudvirga reports that it has completed an enhanced integration for its Horizon Retail POS product and Encompass Partner Connect , the latest API framework for mortgage technology from Intercontinental Exchange (ICE).

Retail 150
article thumbnail

FOA’s Kristen Sieffert talks about growing the business in 2025

Housing Wire

She cited the full integration of the companies retail platforms, and the expansion of the proprietary second-lien reverse mortgage product to become a key fixture of the companys strategy including by making it available to wholesale partners.

Business 356
article thumbnail

Ready or not, CRA modernization is at the door

Housing Wire

That’s partly because, according to a joint notice of proposed rulemaking from bank regulators on Thursday, banks’ performance would be judged by where they lend, not just where they have branches. Honestly we don’t know if that is coming or not,” said Ricard Pochkanawala, senior policy council at the Center for Responsible Lending.

article thumbnail

Tech firm Polly bulks up to help modernize mortgage industry

Housing Wire

Also participating in this latest funding round is Movement Mortgage , which describes itself as the sixth largest retail mortgage lende r in the nation, funding some $30 billion in residential mortgages annually. Building the next generation of tech: Three ways to digitize home lending.

article thumbnail

Stavvy integrates with Encompass Partner Connect platform

Housing Wire

This modern framework “enables industry participants to integrate into ICE solutions and provide their services to loan originators and servicers through secure API-enabled technology,” a release from Stavvy explained. The SDK, which was used for two decades by ICE, is being “sunsetted” by Oct. ”

Lending 221