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The industry fears AI will ultimately replace everyone, from operations to loanofficers. As a loanofficer , I am not losing any sleep, and here is why you should not, either. Now, remember that this is a top coach, and he is using this technology across his platforms to increase conversions. tale as old as time.
Leading mortgage technology provider Uplist recently announced a new integration with fellow tech firm Polly. This move grants loanofficers access to real-time insights that are designed to improve borrower assistance and engagement. The integration comes at a time of rising refinancing activity.
Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.
“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. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loanofficers.
In a fiercely competitive market , mortgage originators need to rethink everything to gain market share and become savvy. Adopting an educator-first mindset, coupled with a willingness to reach, assist, engage and nurture early-journey first-time homebuyers, are the defining attributes of a next-gen loanofficer.
Artificial intelligence (AI), predictive underwriting , and blockchain technology are becoming more common in todays real estate industry. Fortunately, information technology company Mortiles brings comprehensive solutions to the ever-changing title insurance, escrow and settlement arena. million into these technologies in 2024.
The platform is intended for housing professionals in various sectors, including 5 million loanofficers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Araya’s data will come from CoreLogic‘s 360 Property Data suite, which offers property and marketing intelligence.
Should the goal of marketingtechnology be to make it so that a loanofficer never needs to log in? Or, should LOs be encouraged to engage with marketing tools as much as possible in order to help them build their own brand and connections? Their approaches to production and efficiency didn’t age well.
million in Q2 2024 related to mark-to-market impacts on its lock pipeline. million in cash, restricted cash, short-term investments and self-funded loans. Better’s earnings report also included the announced hiring of the executive team from NEO Home Loans to build out a distributed retail channel.
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
CreditXpert , a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. CreditXpert CEO Jim Hemmer said that shifting market demands motivated the company’s choice to move on from Wayfinder and the What-if Simulator.
Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans. In his new role, Banosian said he will be leveraging his success as a top producing loan originator to help other Rate LOs grow their business and take market share. But my biggest focus initially is going to be the loanofficers.
AIVA Assist Processing Providing loanofficers, processors and underwriters with a better way to calculate income, review assets and look for discrepancies when borrowers provide documents for verification. At Dark Matter Technologies, we’re leading the tech-driven revolution in loan origination. Our mission?
Optimal Blue ’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loanofficers full product and search capabilities from their mobile phones. All eligible products and rates are presented – including any adjustments, notes, and advisories.
Did you just begin your career as a mortgage loanofficer and need the answers to questions you didn’t even know you had? A part of the Women of Influence Forum, this workshop is perfect for new loanofficers, especially women new to the industry, to gain confidence in their position. Housing Market Super Session.
There are promising signs that the market could rebound in 2025 if interest rates moderate significantly, bringing new opportunities and growth potential. While the real estate and mortgage industries have experienced challenges thus far, a reduction in interest rates could inject new energy into the market for Q4 and into 2025.
The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. Recent trends indicate that the mortgage market is beginning to see the end of the refinance boom and enter a purchase heavy market.
“Each of these newly announced updates helps our clients address changing market conditions with agility, clarity, and precision,” Joe Tyrrell , CEO of Optimal Blue , said in a statement. ” The announcements were made at MBA Annual in Denver.
Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.” HousingWire’s Marketing Leaders award recognizes the industry’s top marketers who have perfected the art of adaptability.
Top-producing loanofficer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. Being a consultant has helped Keelin retain and grow his client base, especially in his main markets of New Jersey and Florida.
This is true disruption of the non-licensed tasks performed by armies of traditional customer service reps, loanofficers, and processors in the mortgage industry,” Garg added. Kevin Ryan, Better’s chief financial officer, said that the average cost to sell and process a mortgage in the U.S. is nearly $9,000.
And, in the mortgage industry, AI will play an instrumental role in helping loanofficers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. The most difficult part, however, is building the technology. of the total market originations in the second half of 2022, up from 14.5%
Cloudvirga’s platform solves for both by creating the best experience for borrowers and loanofficers. The Cloudvirga team has been able to dramatically improve the experience of the borrower and the loanofficer. Cloudvirga is here to help capture and retain the market you need and deserve.”. Maria Moskver, CEO.
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, loanofficer experience, and overall operational efficiency.
What drives the secondary market and mortgage industrys top innovators? Learn about his role in transforming loanofficer experiences and using technology to revolutionize mortgage processes. Dive into the lives of Pollys executive team in this 4 episode docuseries.
He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.
Vishal Garg , Better’s CEO and founder, said that despite a market with historically low housing affordability and persistently high mortgage rates , Better saw progress in its funded loan volume. Garg : We were already four times more productive than the industry from our loanofficers. It finished 2024 with $3.6
Prior to that, she served in senior leadership roles at Mobility Market Intelligence (MMI), Guild Mortgage , ClosingMark Home Loans , and Castle & Cooke Mortgage. The technology is impressive, and I’m proud to join such a talented team that’s making a real difference.
The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. Real credited its technology offerings and business model for the explosive growth in agents. Instead, its continuing to add agents at an explosive rate.
Editor in Chief Sarah Wheeler sat down with Jeff Bell, president of both UpWell Mortgage and software company Uplist , to talk about how he thinks about technology, and the good news that the industry is turning a corner after two rough years. Sarah Wheeler: How does being an originator inform how you think about technology?
Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs and increases value to American homebuyers. Rocket and Redfin have a unified vision of a better way to buy and sell homes, said Krishna.
Nominations for the 2024 Marketing Leaders award are open now through April 30. This prestigious accolade recognizes the visionaries, innovators and strategists who have set new standards of marketing excellence in mortgage and real estate. She is always strategizing for the future to stay one step ahead of current market trends.
HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology , about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. What do you think the disconnect is there, and do you see this changing in the future?
HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . HW: What role does Customer Intelligence play in today’s challenging housing market?
And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. Specifically, housing markets like Portland, Maine , Bay City, Mich. markets; by December 2020, prices were already up 23.6% Pueblo, Colo. ,
She joins the company’s leadership team to further its presence and performance in the Washington market. Rate executive Rich Kamien praised Lindsay for delivering consistently in an unpredictable market. “She has steadily demonstrated her ability to deliver consistent rates even in the most volatile market conditions.
Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% Second, nearly 20,000 loanofficers moved into the wholesale channel in 2023. The broker model is not just surviving but thriving and will continue to gain market share in the lending landscape.
Editor in Chief Sarah Wheeler sat down with Chad Smith, president and COO of Better Mortgage , to talk about leadership, technology, and how they have pivoted their business strategy to meet the needs of this market. SW: Talking about technology, you guys made some big moves in 2024 with TinMan Marketplace and Betsy.
I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. What’s the role of tech as lenders play the long game in this market?
HousingWire Editor in Chief Sarah Wheeler sat down with Jimmy Kelly, president and CEO of Lone Wolf Technologies , to discuss the company’s development process and his vision for a connected real estate platform. That is a lot of technology and a lot of wasted effort. In a booming market you don’t have time to do this.
People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. Mike is an experienced mortgage loanofficer. Not anymore.
This shift requires not only technological adjustments, but also a top-to-bottom cultural transformation within lending institutions and their missions. Updating verification workflows is not merely an understandable reaction to new technologies, but a necessity driven by market conditions, regulatory requirements, and customer expectations.
A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loanofficer in October 2020 after a recommendation from an old college friend. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.
Experienced marketing executive Laila Stout has joined Usherpa , developers of the real estate and mortgage industrys first customer relationship engagement platform (REP) platform, as senior marketing manager. Stout was formerly the mortgage marketing manager for Independent Financial in Dallas.
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