Executives put a positive spin on prospects for growth, with loan origination volume up 17 percent from a year ago to $32.4 billion and revenue up 5 percent to $613.4 million. Continue reading
Long-term agreement with ICE Mortgage Technology will help nation’s largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals. Continue reading
Nation’s largest loan servicer turned an $88 million Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that’s prompted UWM to cut ties to Mr. Cooper. Continue reading
Nation’s largest mortgage lender integrates AI and machine learning tools into its lending platform to streamline underwriting and document processing and provide chat support. Continue reading
Real estate brokerage Q4 earnings winners surged ahead by betting on rentals, AI-driven efficiencies and streamlined operations. Continue reading
In a year when home sales hit a three-decade low, the nation’s biggest mortgage lender made $96.1 billion in loans to homebuyers — the company’s best year ever. Continue reading
Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie. Continue reading
Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices. Continue reading
Investors bid up shares of mortgage lenders and real estate companies after “relatively benign” CPI report ends speculation that inflation worries might force the Fed to raise rates this year. Continue reading
In addition to subtle tweaks to the company’s logo and other details, brand revamp is aimed at positioning Rocket as a fintech platform supporting an ‘end-to-end homeownership experience.’ Continue reading