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SeeCares announces partnership with Northmarq; implements AI technology to accelerate loan quote process

Retrieved on:

Tuesday, May 2, 2023

Artificial intelligence, TEL, AI, Partnership, Automation, FHA, Sales

TEL AVIV, Israel, May 2, 2023 /PRNewswire/ -- SeeCares , the world's premier artificial intelligence (AI) technology platform for streamlining commercial real estate financing workflows, announced today its strategic partnership with leading U.S. commercial real estate services firm Northmarq.

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TEL AVIV, Israel, May 2, 2023 /PRNewswire/ -- SeeCares , the world's premier artificial intelligence (AI) technology platform for streamlining commercial real estate financing workflows, announced today its strategic partnership with leading U.S. commercial real estate services firm Northmarq.
Northmarq is incorporating SeeCares technology to significantly reduce the processing time to prepare and deliver loan quotes.
The SeeCares platform will leverage data analytics compiled from hundreds of data sources, making them accessible and usable via AI technology.
As a result, Northmarq's unique models will be filled with relevant market data to produce loan quotes within minutes.

PRMG Hires Ellen Skaggs as New HECM Divisional Manager to Help Seniors Benefit from Reverse Mortgages

Retrieved on:

Monday, May 1, 2023

Ellen has 38 years of experience in the mortgage industry, 16 of which she has specialized in reverse mortgages.

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Ellen has 38 years of experience in the mortgage industry, 16 of which she has specialized in reverse mortgages.
"With Ellen at the helm of our HECM division, PRMG is well-positioned to help seniors unlock the full potential of their home equity."
With Ellen's leadership, PRMG is committed to helping seniors and their families make informed decisions about reverse mortgages and enjoy the many benefits this financial product offers.
As the new HECM Divisional Manager, Ellen will oversee the company's Home Equity Conversion Mortgage (HECM) division, which specializes in reverse mortgages.

U.S. HOME-SELLERS EXPERIENCE FURTHER DECLINE IN PROFITS IN Q1 2023

Retrieved on:

Thursday, April 27, 2023

IRVINE, Calif., April 27, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its first-quarter 2023 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales across the United States decreased to 44.2 percent as home prices stayed flat or kept declining around most of the nation.

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The typical investment return nationwide did remain high in the first quarter – almost double where it stood four years ago.
"Homeowners are starting to take a significant hit in the form of lost profits from the recent market slowdown.
That's a striking reversal of what we saw for a decade," said Rob Barber, chief executive officer for ATTOM.
"It is possible that the upcoming peak buying season of 2023 could lead to increased profits, owing to favorable mortgage rates and other factors.

21 FICS® Customers Featured in Mortgage Bankers Association’s 2022 Year-End Rankings of Top Commercial/Multifamily Servicers

Retrieved on:

Tuesday, April 25, 2023

Twenty-one of the software provider’s current clients were included in the top 82 companies in the Year-End 2022 Commercial/Multifamily Real Estate Mortgage Servicer Rankings.

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Twenty-one of the software provider’s current clients were included in the top 82 companies in the Year-End 2022 Commercial/Multifamily Real Estate Mortgage Servicer Rankings.
The MBA releases its rankings of servicers at the end of each year.
FICS’ Commercial Servicer® plays a significant role in helping the customers included in the rankings manage their commercial loan portfolios.
The 21 FICS® customers featured in this year’s MBA year-end rankings validate that our software provides the functionality servicers need to achieve exceptional business success.”

Vaster Welcomes Carmen Stevens as their New Vice President of Portfolio Lending

Retrieved on:

Monday, April 24, 2023

Eagle, Vaster than Empires and More Slow, Social media, FHA, Real estate

MIAMI, April 24, 2023 /PRNewswire-PRWeb/ -- South Florida real estate lender, Vaster, just welcomed a new Vice President of Portfolio Lending to their team. The leaders at Vaster are excited for Carmen Stevens to bring her background and expertise to their already skilled board of professionals. She will be working with the portfolio lending team to deliver a seamless mortgage experience for both U.S. and foreign national clients.

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Mortgage company Vaster welcomes Carmen Stevens as their new Vice President of Portfolio Lending.
MIAMI, April 24, 2023 /PRNewswire-PRWeb/ -- South Florida real estate lender, Vaster , just welcomed a new Vice President of Portfolio Lending to their team.
The leaders at Vaster are excited for Carmen Stevens to bring her background and expertise to their already skilled board of professionals.
You can find out more about Vaster and their new Vice President on their website or social media accounts.

PrimeLending Now Offers Reverse Mortgages to Better Serve Customers in Their Retirement Years

Retrieved on:

Thursday, April 6, 2023

PrimeLending, a leading national home loan provider, is excited to announce the addition of reverse mortgages to its product line.

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PrimeLending, a leading national home loan provider, is excited to announce the addition of reverse mortgages to its product line.
Reverse mortgages are an alternative financing option for customers 62 and older who have built up equity in their home.
"PrimeLending is committed to providing our customers with the best possible financial solutions, and we are thrilled to offer reverse mortgages to our product line," said Steve Thompson, President, and CEO of PrimeLending.
For more information on PrimeLending's reverse mortgage product and how it can help homeowners in their retirement years, please visit https: https://www.primelending.com/refinance/reverse-mortgage .

Guaranteed Rate Ramps Up Its Reverse Mortgage Program

Retrieved on:

Tuesday, April 11, 2023

Tax, Ageing, Fintech, Retirement, FHA, Real estate, Operation, HOA

CHICAGO, April 11, 2023 /PRNewswire/ -- Guaranteed Rate , a cutting-edge mortgage lender driven to be the nation's top FinTech, adds fuel to its reverse mortgage program, a type of loan product for homeowners nearing retirement age that allows them to tap into the equity they've built up in their homes.

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CHICAGO, April 11, 2023 /PRNewswire/ -- Guaranteed Rate , a cutting-edge mortgage lender driven to be the nation's top FinTech, adds fuel to its reverse mortgage program, a type of loan product for homeowners nearing retirement age that allows them to tap into the equity they've built up in their homes.
Others use a reverse purchase money mortgage to right-size and buy their dream home in retirement.
This new initiative gives more systems of support to loan officers as well as a new training program to certify loan officers in this type of product.
"This ensures an extra measure of security for those looking to make their retirement years more comfortable."

47 loanDepot originators recognized in 2023 Scotsman Guide Top Originators rankings

Retrieved on:

Monday, April 10, 2023

Veteran, FHA, LDI, LoanDepot, NYSE, Real estate, Arms industry, Scotsman Guide

IRVINE, Calif., April 10, 2023 /PRNewswire/ -- loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), one of the nation's largest non-bank retail mortgage lenders, is proud to announce that 47 of its retail loan originators have been recognized in Scotsman Guide's Top Originators 2023 rankings, with Patton Gade earning the number one spot on the Top VA Volume list.

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IRVINE, Calif., April 10, 2023 /PRNewswire/ -- loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), one of the nation's largest non-bank retail mortgage lenders, is proud to announce that 47 of its retail loan originators have been recognized in Scotsman Guide's Top Originators 2023 rankings, with Patton Gade earning the number one spot on the Top VA Volume list.
"We're proud to have so many members of our team recognized as Top Originators by Scotsman Guide," said loanDepot Executive Vice President John Bianchi.
Several loanDepot originators were named to the Top Dollar Volume, Most Loans Closed, and Top FHA Volume rankings.
Those ranking in the top 1,000 for each category include:
Since 2010, the Scotsman Guide Top Originators list has ranked thousands of the nation's top-producing residential mortgage originators.

Black Knight Originations Market Monitor: Rate Lock Volumes Jump 43% in March on Seasonal Tailwinds, Falling Rates and Lower FHA Insurance Premiums

Retrieved on:

Monday, April 10, 2023

Uncertainty, FHA, United States Treasury security, Black Knight, NYSE, Black Knight, Inc., Movement, Self storage, Cryptocurrency

Leveraging daily rate lock data from the Black Knight Optimal Blue PPE – mortgage lending's most widely used pricing engine – the Originations Market Monitor provides the industry's earliest and most comprehensive view of origination activity.

Key Points:

Leveraging daily rate lock data from the Black Knight Optimal Blue PPE – mortgage lending's most widely used pricing engine – the Originations Market Monitor provides the industry's earliest and most comprehensive view of origination activity.
"This continues to be an incredibly rate-sensitive housing market, and March's rate lock activity perfectly illustrates this dynamic," said Andy Walden, vice president of enterprise research at Black Knight.
"Early in the month, when rates started their climb back toward 7% – reaching 6.8% in the process – we saw pronounced downward pressure on originations.
Much more detail on March's origination activity can be found in the full Black Knight Originations Market Monitor report .

Greystone Provides $10.6 Million in HUD-Insured Financing for Affordable Housing Community in Jacksonville, Florida

Retrieved on:

Thursday, March 30, 2023

LTV, FHA, Housing, MIP, Mortgage insurance, Old American Company, HUD, Mortgage assumption, Commercial property

The financing was originated by Eric Rosenstock and Jesse Yodice at Greystone, on behalf of Royal American Companies.

Key Points:

The financing was originated by Eric Rosenstock and Jesse Yodice at Greystone, on behalf of Royal American Companies.
Built in 1980, Oak Tree Apartments in Duval County consists of 26 detached buildings with 162 one-, two-, and three-bedroom units.
The $10.6 million HUD-insured financing carries both a 35-year term and amortization with a low, fixed rate and 90% loan-to-value (LTV).
“We were thrilled with our team’s passion for affordable housing and their dedication to getting us what we needed for this property.