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How technology can help mortgage lenders combat repurchase risk

Housing Wire

This ensures their bundle retains its credit rating and market value. If too many mortgages default, the MBS can lose significant value. Specific types of technologies to reduce risk Cutting-edge data technologies are invaluable for mitigating repurchase risk across sectors, especially in mortgages.

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Home equity investment provider Splitero announces expansion into five new states

Housing Wire

Rising home equity values are prompting homeowners to access their equity, the company said. According to a report from ICE Mortgage Technology , the average homeowner has $319,000 of equity and $207,000 of that is considered tappable, meaning that it can be accessed while retaining a 20% equity cushion. Collectively, U.S.

Investing 329
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Better.com reports 400% growth for HELOC business

Housing Wire

“What’s unique about our solution there is, we’re not asking them to adopt our technology,” he said about earning customers. were considered “equity rich” in Q4 2024, meaning that the underlying mortgage debt did not exceed 50% of the home’s market value. .”

Business 332
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Revive launches AI-powered listing tool for real estate agents

Housing Wire

This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. Future ARV (after-remodeled value): The projected market value post-renovations.

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Financial services firm Consolidated Analytics acquires Real Info

Housing Wire

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.

Valuation 468
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Polly adds Total Expert to its API integration roster

Housing Wire

San Francisco-based SaaS technology provider Polly on Monday announced its API integration with Total Expert, a customer engagement platform purpose-built for financial institutions. Total Expert provides customer engagement solutions for more than 175 modern financial institutions, unifying data, marketing, sales, and compliance solutions.

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LoanDepot says it’s going public (for real this time)

Housing Wire

LoanDepot , backed by private equity shop Parthenon Capital Partners, first announced plans to go public in September 2015 , but canceled the IPO hours before pricing due to what the company called adverse “market conditions.” At the time, loanDepot had sought a market value of $2.4 billion to $2.6

Retail 459