In a bizarre turn of events, the National Association of Realtors posted, then removed before reposting, a video featuring the trade group’s interim CEO Nykia Wright “setting the record straight” on agent commissions. The video was first posted on Wednesday around 9 a.m. ET before being removed roughly two hours later. It reappeared on NAR’s […]
For the past 12 years, HousingWire’s Tech100 program has recognized the industry’s most innovative and impactful technology companies that are continuing to bring long-awaited solutions to the challenges that mortgage and real estate professionals have struggled with for decades. The award uncovers the innovators that are unleashing insight with analytics, powering growth and efficiency with […]
Top 10 mortgage lender and servicer NewRez is restructuring its distributed retail mortgage business, which has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders. Nonproducing regional and divisional managers were let go on Wednesday […]
Editor in Chief Sarah Wheeler sat down with Uday Devalla, chief technology officer at Sagent and a 2023 Vanguard, to talk about his focus on transforming servicing, what really counts with data and the right approach to using artificial intelligence. Sarah Wheeler: After spending several decades leading tech at lenders, including Stearns and Bank of […]
Stavvy is a truly comprehensive digital closing platform, the only solution to offer a SMART Doc engine that extends the savings, efficiency and security of eNotes to all mortgage documents for all loan programs and across all 50 states while supporting every type of eClosing and eNotarization. Stavvy offers real estate professionals the flexibility and […]
Stavvy’s Loss Mitigation Solution is a fully customizable and mobile-friendly platform. Homeowners and servicers can complete all necessary tasks — from upfront application and processing to final document execution — for faster resolution and increased pull-through. Stavvy provides a best-in-class experience for both homeowners and servicers to manage the loss mitigation process. Distressed homeowners looking […]
Sports TV personality Stephen A. Smith, speaking on Detroit as the Detroit Lions were in the final four contenders to play in Super Bowl LVIII, described the city as follows: “Detroit. Phenomenal fan base. Great city. It’s been through a lot. The downtown area, big time. The stadium, big time. But you go to the […]
The Office of the Inspector General (OIG) that overseeing both the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau (CFPB) released a report stating that the CFPB’s enforcement investigation processes can be enhanced, and it offers recommendations on how to accomplish this goal, according to a review of the […]
One of the biggest takeaways from the Wednesday press conference held by Federal Reserve Chair Jerome Powell is that the central bank isn’t likely to cut interest rates in March as investors had hoped. After signaling interest rate cuts for 2024 in its previous meeting, the focus shifted to when such a move might come […]
Finance of America Companies (FOA) President Kristen Sieffert is bullish on the prospects for the reverse mortgage industry’s leading lender in 2024, particularly after the company went through a series of major changes last year, including the acquisition of American Advisors Group (AAG). This is according to an interview with Sieffert featured on “Ten Minute […]
Josh Team is joining real estate brokerage Serhant as its first-ever president, Inman reported on Monday. After taking a three-year break from the industry, Team, the former president of Keller Williams, chose the brokerage headed by Ryan Serhant to make his comeback. In his new role, Team will be responsible for scaling Serhant’s national brokerage […]
United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. The discount is valid on new loan locks through March 29. It’s not the first time that the Pontiac, Michigan-based lender has encouraged borrowers to refinance their loans. In December, […]
