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This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. GridBase is a proven leader in title and lendingtechnology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows.
But it also leads to questions about how much or how little technology tools can or should interact with the business. While some documents still legally require a so-called wet signature, incorporating more technology into these elements of the business is seen by others in the space as a positive step forward.
Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. Apollo has 16 lending platforms in the U.S. Ruimy: The transaction was completed with Apollo Global Management.
Mortgage tech firm Ocrolus has introduced Inspect, a new solution within its artificial intelligence -driven mortgage document automation technology, which the company said will improve efficiency and scalability in loan origination.
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.:
The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. “As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.”
It’s technology designed to feel human.” ” Meanwhile, Donna serves brokers through Dominion’s wholesale lending channel, which launched in June 2024. The company said the tool will help brokers reduce the amount of time spent on understanding lending criteria.
Figure Lending LLC is now operating under the umbrella of Figure Technology Solutions , independent of CEO Mike Cagney ’s Figure Technologies. to take its lending division, LendCo , public. JP Morgan Chase & Co. and Jefferies Financial Group Inc. —
The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 This increase can largely be attributed to the technological advances that have taken place in recent years.
Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. In his new role, Shuler will focus on Planet’s technological growth and enhancements to its operational efficiency. “My
ICE Mortgage Technology has added new analysis tools, expanding its technology portfolio that’s designed to simplify underwriting and post-closing review processes. The company this week announced the debut of ICE Asset Analyzer and ICE Audit Analyzer, adding to the existing ICE Income and ICE Credit analyzers. ” .
Class Valuation , a national appraisal management company , has acquired Appraisal Nation , a North Carolina -based firm specializing in valuation services for the private lending sector. Company leaders said the acquisition marks a strategic move to grow Class Valuation’s presence in the expanding private lending market.
By focusing on these technological advancements, Opteon not only improves the appraisal process but also offers significant competitive advantages to its lender customers. Opteon’s approach to data collection addresses these challenges by integrating cutting-edge technology with professional expertise.
Today’s transaction, first announced in January 2025 , expands A&D Mortgages presence in the agency and government lending sectors while further strengthening its presence in non-QM. This business portion, now under A&Ds ownership, was not mentioned in Rockets merger announcement yesterday.
“After 28 years in mortgage technology, I’ve been committed to one goal: helping more Americans achieve homeownership,” FinLocker CEO Henry Cason said in a statement. FinLockers technology lets borrowers securely link financial accounts from 18,000-plus institutions and share verified income and employment data with lenders.
Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. to take its lending division, LendCo , public. and Jefferies Financial Group Inc. after four years.
Class Valuation is at a pivotal moment in redefining how data and technology shape the future of property valuation, he said in a statement. Flynn has more than two decades of experience in real estate and financial technology.
Digital mortgage exchange platform and loan aggregator MAXEX announced on Tuesday the hiring of mortgage technology veteran Daniel Wallace as its new chief operating officer. Bill Decker, MAXEX president and co-founder, highlighted Wallace’s expertise in mortgage technology as a valuable asset for the company. “The U.S.
Connie Lindsay has been appointed Senior VP of Mortgage Lending for the Washington area by Rate. Lindsay joins Rate to continue its aim of empowering homeowners with cutting-edge technology and creative loan options. The post Rate Announces New Senior VP of Mortgage Lending first appeared on The MortgagePoint.
HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.
At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. What does the future hold?
Digital mortgage automation solution provider Floify launched a lending platform for mortgage brokers built on the foundation of the Floify point-of-sale (POS) platform. Founded in 2013, Floify — a subsidiary of Porch Group Inc. —
How can today’s mortgage lending market be summed up in one word? Acra Lending has done precisely that. Acra Lending is a proven leader in the space, and it has adapted and thrived despite market shifts. higher interest rates and elevated home prices create openings for non-QM lending. billion to $3.47
Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. The technologically advanced mortgage platform empowers loan officers to serve both customers and business partners with ease and excellence.
Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. From origination to closing, it covers all lending channels in one system. “We’re always looking for ways to make the loan process smoother,” an ICE Mortgage Technology representative explained.
If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.
to integrate computer vision technology into its broker price opinion (BPO) process. BPOs, often used in real estate transactions and lending decisions, can vary due to subjective assessments by different agents. AssetVal , a provider of real estate valuations, has partnered with artificial intelligence (AI) company Restb.ai
Mortgage banking executive and industry mergers & acquisitions advisor Rick Roque has taken a new executive position at NFM Lending. in 2009 and has also worked in the mortgage technology space. “Looking forward to seeing what we can do together.” Roque co-founded M&A and retail mortgage banking firm Menlo Co.
Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology ’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday. That is a common goal we share.
Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. “With so many of our lending officers turning to the Knock Bridge Loan as a financing solution, this integration will streamline the approval process.
In the modern mortgage industry, lenders are not just setting themselves apart on who has the best Super Bowl ad or the biggest branch footprint, but increasingly also on their approach to technology. Today, technology is driving differentiation across the customer experience, loan officer experience, and overall operational efficiency.
announced the incorporation of hybrid e-closings for reverse mortgages on Tuesday, aiming to incorporate its experience with the technology on the forward side of the mortgage business into its reverse mortgage division for the first time. This is according to Tom Evans, EVP of marketing and technology for reverse at Fairway.
Stone Point is no stranger to the real estate industry, as it also holds strategic investments in Lone Wolf Technologies , Homepoint , CoreLogic and Meridian. Keller Williams has entered into a strategic partnership with private equity firm Stone Point Capital , according to an announcement on Monday.
Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising.
While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. How your technology partner can help Having nimble technology is critical for capitalizing on market dynamics.
Ahead of a hearing to examine how technology is shaping the future of finance, Reps. Artificial Intelligence is growing rapidly, and people across America are already seeing its use in our nation’s housing and financial services sectors, with impacts on mortgage lending, credit scoring, and more,” said Rep.
This approach integrates QC principles throughout the lending process, from application to servicing. This focus aligns with Fannie Mae’s QC requirements and reflects the growing importance of data in the lending process. Enhanced Data Analytics : Predictive modeling will help lenders identify potential issues before they occur.
Called Ask Obi, the new AI assistant is designed to provide mortgage lending executives with instant, actionable insights from their Optimal Blue products and data. Through the power of generative AI, users can have an interactive conversation to better understand the data that drives their business.
UWM will integrate Google Cloud AI and machine learning tools into its lending platform, enhancing underwriting automation, streamlining document processing, and improving client support with AI-driven chat experiences. model to enhance underwriting automation.
ICE Mortgage Technology presents their solution that also serves as an overhaul of the home financing process. By doing so, ICE helps its clients cut down on mistakes, speed up workflows, and offer a modern lending experience that works better for both borrowers and industry professionals.
Data from ICE Mortgage Technology found that tappable home equity — the amount that a homeowner can draw from while keeping a 20% equity stake — rose to a record $17.6 Data from ICE Mortgage Technology found that tappable home equity — the amount that a homeowner can draw from while keeping a 20% equity stake — rose to a record $17.6
Artificial intelligence is transforming the mortgage industry, and we want your insights on how technology is impacting your business. Your feedback will help drive the conversation on AI-powered solutions in mortgage lending. Take the HousingWire Research survey and share your experience. It’s super short, promise!
More than just an accolade, this award highlights organizations that are transforming the housing sectorenhancing efficiency, transparency, and accessibility in ways that reshape the future of mortgage lending. These companies are at the forefront of solving the biggest challenges mortgage professionals face every day.
Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. The survey asks officers about topics such as changes in lending terms as well as household demand for loans. There’s some optimism, however.
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