Author: Michael Gersitz

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the

In time for National Hispanic Heritage Month, the National Association of Realtors has launched ‘NAR en Español,’ a Spanish language subsite to the association’s main webpage. According to NAR, its Spanish-speaking membership continues to grow at a historic pace. Since

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Register for the FinLedger Daily Newsletter. Fintech startup StreamLoan is dipping its toe in the insurtech

Pulse CRM We supercharge your loan origination system and provide lead management tools, automated email marketing, loan status alerts and intelligent task management — so you don’t have to. Product Fast Facts: #1 We have automated status alert emails and

Houston, Texas (Katy) “Even through the pandemic, home sales have been at record levels here,” said Andi Bolin, the Texas state manager for Knight Barry Title, which just opened its office over the summer. As a new player in the

Though its earnings were disappointing overall, residential lending at Wells Fargo rebounded in the third quarter, both in terms of income and origination volume.  The bank originated $62 billion in home loans during the third quarter, up 5% from $59

NetOxygen Launchpad (POS) and NetOxygen Loan Origination Solution (LOS) NetOxygen Launchpad is a borrower/banker portal. Using NetOxygen Launchpad, borrowers are actively engaged in the origination process, while lenders can achieve significant productivity gains.  NetOxygen LOS enables lenders to streamline the

InspexTM by Xome Inspex is a new, DIY home inspection and valuations app that empowers lenders to provide their customers with a simple, contactless option. Not just a photo-collection tool, Inspex significantly reduces inspection wait times by as much as

MyHome WFG’s MyHome collaboration platform brings participants in the mortgage transaction together within a single, easy-to-use ecosystem, enhancing communication, transparency and the borrower experience. MyHome streamlines the loan process and enhances throughput by eliminating duplicate touchpoints, enabling pro-active communication, and

Prescriptive Scenarios Prescriptive Scenarios enable loan officers to connect a borrower with the right type of loan at the right time based on the borrower’s needs and qualifications. It levels the playing field between your low performers and your top

Automated collateral evaluation (ACE) Automated collateral evaluation (ACE) leverages proprietary models along with historical data and public records to allow lenders to originate certain loans without an appraisal. It’s a contactless option that helps Freddie Mac effectively manage collateral risk

Plaza Home Mortgage announced it will reinstate its support of the Association of Independent Mortgage Experts after the announcement last week that former AIME chairman Anthony Casa would be permanently stepping down as head of the association. Over the July

Mortgage applications held relatively steady last week, falling 0.7% from the week prior, according to a report from the Mortgage Bankers Association. After hitting their highest level since mid-August the week before, refinances experienced a slight 0.3% dip but remained 44%

Just one quarter away from its expected public debut, United Wholesale Mortgage reported record loan volume in the third quarter. The Detroit-based company, the largest wholesale lender in the U.S., originated $54.2 billion in closed loans during the third quarter,

In June 2007, Apple shook the world to its cellular core when it released the first-generation iPhone. Over the course of the last decade-plus, the seminal smartphone would wipe out its competitors — but not without some resistance. Many of

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. The lender and servicer, owned by the Blackstone Group’s Tactical Opportunities business, is slated to go public in

In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up

JPMorgan Chase doesn’t see mortgage defaults worsening in the second half of 2020.  In its earnings presentation on Tuesday, the nation’s largest bank by assets said it had actually pared back its $15 billion in loan-loss reserves by $569 million