Housing Wire

FEBRUARY 1, 2024

The Tech100 Mortgage award celebrates the most innovative and impactful organizations in housing. More than just an acknowledgment; the Tech100 award is a testament to the transformative impact these companies have made, propelling the mortgage sector into new realms of efficiency, transparency and accessibility.

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Mortgage Valuation Insurance Appraisal 464

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. However, the report states there’s no final decision on the timing and valuation. for the IPO.

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Lending Valuation Technology Retail 384

Housing Wire

JULY 13, 2021

Over the course of the last year, the mortgage industry has seen increases in origination volumes and decreases in released servicing bids. If we’ve learned anything in the past year, it’s that operational flexibility and accurate servicing valuation are key to lending profitability.

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Valuation Tools Technology Lending 420

Housing Wire

JANUARY 14, 2022

Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges of accessing properties and completing in-person inspections.

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Valuation Appraisal Inspection Appraisal Process 367

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?

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Valuation Lending Real Estate Investors 265

Housing Wire

JULY 11, 2024

The efficiency and reliability of property appraisals are the linchpin to the success of a steady flow of mortgage transactions. Opteon, a leader in the appraisal and property valuation industry, utilizes their tech-enabled service fulfillment to streamline and enhance the appraisal process.

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Lending Appraisal Appraisal Process Valuation 378

Housing Wire

AUGUST 3, 2021

The blockchain revolution may soon be coming to mortgage lending. According to Inside Mortgage Finance, Homebridge was the 28th-largest mortgage originator in 2020, originating about $26.4 billion in mortgages. In May, it announced the closure of a $200 million Series D fund raise, giving it a valuation of $3.2

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Mortgage Architecture Lending Technology 516

Housing Wire

MAY 2, 2021

One of the first steps in determining a property’s value is the use of an Automated Valuation Model (AVM). Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle. With that said, not every AVM is created equal.

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Valuation Home Value Lending Technology 356

Appraisal Buzz

DECEMBER 20, 2021

Rarely do sub-processes of mortgage loan origination have the opportunity to undergo similar stress tests. Without accurate collateral valuation, lenders could not properly underwrite new loans. Mortgage servicing is a good example. Home Equity lending is another case in point. They’ve dealt with that before.

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Valuation Inspection Appraisal Lending 367

Housing Wire

MARCH 10, 2023

Fannie Mae has approved six firms to handle its new valuation initiative, which cuts traditional appraisers out of the process and potentially represents the biggest shift in the valuation space in years. Accurate Group and Black Knight ‘s Collateral Analytics LLC.

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Valuation Inspection Training Appraisal 397

Appraisal Buzz

OCTOBER 18, 2021

In a couple of words, it’s collaborative valuation; in a description it’s bringing together a team of professionals to tackle each appraisal report in concert. What is Collaborative Valuation? Bifurcation with non-appraisers is not an answer, in fact it will allow the bad actors on the lending side and AMC side to push harder.

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Modernization Valuation Appraisal Training 370

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

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Lending Technology Training Investing 343

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

MARCH 21, 2022

Tomo , a fintech startup focused on the purchase mortgage sector, announced raising a $40 million Series A led by SVB Capital , according to a press release shared with FinLedger. The fundraise more than doubles Tomo’s valuation to $640 million. million seed round for its Canadian real estate valuation platform.

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Valuation Real Estate Agent Real Estate Investors 344

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. With the acquisition , Consolidated Analytics expands its valuation solutions, offering clients tools — from data and analytics to appraisals — to predict market value and access a more comprehensive selection of collateral assessment products, the company said.

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Valuation Market Value Clients Technology 435

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

MAY 2, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”

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Reconsideration of Value Appraisal Mortgage Valuation 389

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. The post Better.com snags $200 million in series D funding for $4 billion valuation appeared first on HousingWire.

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Valuation Loan Officers Investors Finance 385

Housing Wire

MAY 17, 2023

Recent home price declines are leading to decreased tappable equity, but there are still opportunities in home equity lending, according to a report published by Home Equity Lending News. And as instant online automated approval and closing continues to elude home equity lending, attention has turned to artificial intelligence.

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Lending Valuation Mortgage Government 336

Housing Wire

JANUARY 20, 2022

Hosted by Mortgage Capital Trading. Collateral valuation is a critical component of mortgage lending and the home sales process. Phil Rasori COO, Mortgage Capital Trading. The post Staying prepared in a changing mortgage market appeared first on HousingWire. Download Slides.

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Marketing Mortgage Valuation Lending 397

Housing Wire

OCTOBER 14, 2020

Though its earnings were disappointing overall, residential lending at Wells Fargo rebounded in the third quarter, both in terms of income and origination volume. In the third quarter of 2019, Wells Fargo originated $58 billion in mortgages. Wells Fargo’s MSR valuation was flat from the second quarter, with a carrying value of 52 bps.

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Business Mortgage Lending Valuation 474

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

OCTOBER 14, 2021

The average 30-year-fixed mortgage rose seven basis points to 3.05% for the week ending Oct. 14, to its highest level since April, according to Freddie Mac’s latest PMMS survey of mortgage rates. Mortgage rates typically move in tandem with the 10-year U.S. Treasury bonds and mortgage-backed securities.

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Mortgage Valuation Lending Marketing 408

Housing Wire

SEPTEMBER 9, 2021

The average 30-year fixed-rate mortgage was stagnant at 2.88% for the week ending Sept. 9, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior , mortgage rates also held steady at 2.87%. How fine-tuning MSR valuations can help lenders improve decision-making.

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Mortgage Valuation Home Value Inventory 491

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

JULY 6, 2023

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass. This content was generated using AI and was edited by HousingWire’s editors.

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Technology Valuation Mortgage Design 317

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

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

APRIL 20, 2021

Appraisal-management tech provider AppraisalWorks is now available through the ICE Mortgage Technology Platform , the company announced Tuesday. ICE Mortgage Technology, formerly known as Ellie Mae , is a cloud-based loan origination platform provider for the mortgage industry.

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Mortgage Valuation Technology Lending 334

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.

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Technology Valuation Lending Landlords 463

Housing Wire

MAY 25, 2021

Title-services giant Stewart Title announced today the acquisition of Cloudvirga , a leading fintech company that powers digital mortgages through its retail and wholesale point-of-sale systems. In the fourth quarter of 2020, the company reported a net income of nearly $60 million, driven by historic mortgage originations.

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Mortgage Valuation Loan Officers Retail 431

Housing Wire

MARCH 30, 2021

Guild Mortgage now has offices in the Buckeye State. The publicly traded mortgage lender announced Tuesday that retail branches are now open in Dayton and Columbus, Ohio. Louis-based Cornerstone Mortgage in 2018, a move that added 17 offices in Missouri, Illinois and Kansas; and opened branches in Wisconsin in 2019.

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Mortgage Retail Valuation Lending 412

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

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Mortgage Loan Officers Lending Human Resources 443

Housing Wire

MAY 24, 2022

A Fannie Mae survey published in mid-May found that mortgage lenders see value in appraisal modernization, specifically in the implementation of non-traditional appraisals and inspection-based appraisal waivers. Currently, the appraisal process is the biggest issue facing the mortgage industry,” the mid-sized lender said. “It

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Modernization Appraisal Lending Investing 497

Housing Wire

APRIL 14, 2021

JPMorgan Chase increased originations by 21% over the fourth quarter of 2020, but compressed margins ate away at the bank’s mortgage profits in the first quarter of 2021. Notably, JPMorgan grew mortgage originations in both its retail division – $23 billion in Q1, up 14% from $20.1 The New York-headquartered bank originated $39.3

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Mortgage Retail Lending Valuation 363

Housing Wire

MAY 14, 2024

Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. In 2017, he became chief appraiser for longtime reverse mortgage industry leader American Advisors Group (AAG), a position he held until the end of 2022.

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Appraisal Valuation Retail Clients 376

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. Terms of the deal were not disclosed.

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Retail Mortgage Loan Officers Technology 397