Author Archives: Matt Carter

Mortgage lenders use tech and local ties to grow national footprints

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Atlanta-based direct mortgage lender Silverton Mortgage, a Snapdocs client, has added new branches in the Carolinas, Arkansas and Missouri over the past year. Continue reading →

Doma announces more layoffs as cumulative losses top $300M

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Layoffs of 561 workers are expected to generate $70 million in annual cost savings, buying time for digital title insurer to adapt its “instant underwriting” technology for purchase loans. Continue reading →

First American touts Procision as ‘next-generation’ valuation model

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The Procision AVM suite comes in three flavors for mortgage lenders, capital market investors, proptechs and real estate professionals. Continue reading →

Better HoldCo partners with Palantir on mortgage marketplace

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Better describes the Tinman Marketplace as “the next evolution of Better’s proprietary loan platform,” powered by Palantir’s Foundry operating system. Continue reading →

Demand for mortgages hits lowest level in more than 20 years

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High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said. Continue reading →

LoanDepot accelerating layoffs, exiting wholesale business

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The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call. Continue reading →

Wells Fargo reportedly eyeing ‘major retreat’ from mortgage

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Executives said to be concerned about reputational risk of correspondent lending channel, which has historically accounted for as much as half of the bank’s home loan business. Continue reading →

Rocket scores another deal to provide home loans through banks

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Lenders can integrate Rocket Mortgage’s digital mortgage application into an online banking platform developed by Q2 Holdings Inc. Continue reading →

Side’s Guy Gal: We’re organizing the boutique broker rebellion

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Big five brokerage brands are an evil empire that doesn’t create value for agents or consumers and will ultimately be defeated, the company’s co-founder and CEO said at Inman Connect Las Vegas. Continue reading →