It’s important for today’s lenders to be as agile, efficient and scalable as possible to adapt to consumer preferences and fast-changing market conditions. Encompass by ICE Mortgage Technology is the industry’s most complete end-to-end solution that provides the flexibility and
For the title industry, new tech means new opportunities for fraudsters
The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud, criminals looking for larger paydays have
Median income earners can only afford 25% of current listings
It is no secret that housing inventory is low. As of June 2, there were 433,104 single family homes on the market nationwide, according to data from Altos Research. And while this situation is certainly far from ideal, according to
Mr. Cooper to acquire Home Point Capital for $324M in cash
Dallas, Texas-based Mr. Cooper Group has entered into an agreement to acquire struggling Home Point Capital for $324 million in cash, the companies announced on Wednesday. The transaction will ultimately result in the seller shutting down operations. Rumors that Mr.
CPI report is good news for mortgage rates
The massive inflation and double-digit mortgage rates of the 1970s and early 1980s seem to haunt the Federal Reserve, which wants to cool the economy and even provoke a job-loss recession to avoid that scenario. But the latest Consumer Price
Flueid integrates with Encompass to fuel loan originations
Flueid, a leading technology company specializing in real estate transactions, announced on Thursday the integration of its patented Flueid Decision platform with Encompass by ICE Mortgage Technology. This integration allows lenders to access Flueid’s title data and insights during the
Minnesota legislature approves $1B affordable housing bill
The Minnesota State House of Representatives and Senate approved sweeping new housing legislation this week totaling $1 billion, which is designed to address affordable housing access and down payment issues for first-time home buyers. Housing advocates estimate that roughly 5,000
Clear Capital expands its partnership with ValueLink
Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink, a valuation management platform, to offer better support for appraisal modernization policy changes. Through this expansion, ValueLink customers can now access Clear
Anywhere launches new title joint venture for franchisees
Real estate giant Anywhere is launching a title insurance joint venture exclusively for Anywhere Brands franchisees, according to an announcement on Wednesday. Upward Title & Closing is a full-service title and settlement company. The joint venture capitalizes on Upward’s local
HousingWire May Demo Day: Blend
Blend Blend’s end-to-end mortgage suite delivers a world class experience for both borrowers and Loan Officers while delivering powerful operational efficiency with automation and data driven workflows. Product Fast Facts #1 Conditions Sync automatically translates underwriting conditions to actionable guided
HousingWire May Demo Day: CreditXpert
CreditXpert CreditXpert’s Enterprise Platform is the company’s next generation credit score insight and predictive analytics engine for mortgage lenders. Immediately identify an applicant’s credit potential, generate precise improvement plans with just a few clicks and track applicant progress all through
HousingWire May Demo Day: DocMagic
Total eClose With more borrowers using mobile devices to participate in the mortgage process, we’re offering an intuitive tablet-based experience. Why limit borrowers to eClosing only when they have access to a desktop or laptop computer? By offering the flexibility
HousingWire May Demo Day: CoreLogic
AutomatIQ Borrower Income Analysis AutomatIQ Borrower Income Analysis is an all-inclusive intelligent calculation and analysis tool that leverages state-of-the-art CoreLogic technology. The tool allows lenders to qualify borrowers faster by examining all income sources automatically and reliably. In addition, the
HUD raises Housing Choice Voucher funding to $30 billion for 2023
The U.S. Department of Housing and Urban Development (HUD) this week announced that it is allotting $30.3 billion for the Housing Choice Voucher (HCV) Program for 2023. The increase marks a 10.5% increase to the program’s 2022 funding levels, according
Profits up, production volume down for Wells Fargo, JP Morgan in Q1 23
Wells Fargo and JP Morgan Chase, the country’s top depository lenders, saw mortgage production volume further decline in the first three months of 2023, signaling another tough quarter for the mortgage industry. Wells Fargo, the fourth-largest U.S. mortgage lender by
Wells Fargo is selling a $50B package of MSRs
Wells Fargo has finalized the sale of a $50 billion block of mortgage-servicing rights (MSR), a deal that is expected to close later this year, according to bank officials. One expert in the MSR sector, who asked not to be named,
Opinion: Who decides what American neighborhoods look like?
Who decides what our neighborhoods look like? And who profits from these projects? The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. For generations, real estate
Fannie Mae purchased 45 loans with AOLs in 2022
Nearly 12 months have passed since Fannie Mae first announced it would in limited circumstances be accepting attorney opinion letters in lieu of title insurance. While there has been much discussion over the pros and cons of title insurance and
First Federal Bank to acquire BNC National Bank’s mortgage business
First Federal Bank will acquire the mortgage division of BNC National Bank, which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. The two banks announced they have signed a definitive agreement for First Federal to acquire
Opinion: PMI is good for first-time buyers and housing finance system
Homeownership remains at the core of the American Dream. After all, it improves financial security, enhances family and community stability, and builds intergenerational wealth. The Federal Reserve’s 2019 Survey of Consumer Finances found that the median net worth of a homeowner is
Touchless Lending by Tavant leverages AI to deliver a customer-centric mortgage experience
To address the challenges and inefficiencies in the traditional lending process, Tavant has developed the Touchless Lending platform, which leverages advanced technologies like artificial intelligence, machine learning, data analytics and cloud computing. Through Touchless Lending, the company aims to deliver
Simplifile by ICE Mortgage Technology supports eRecording in over 2,400 counties
Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of
Change Wholesale offers the widest variety of wholesale products on the market
Wholesale lending is great for helping serve underserved borrowers. For example, borrowers who are prime and creditworthy but who may not qualify for traditional mortgages, such as the self-employed or those with non-traditional income sources, may benefit from non-QM programs.
Ex-Wyndham Capital Mortgage exec launches Cornerstone Home Loans
Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage, spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. At Wyndham, Kirby led the expansion