Billions in losses, a brutal market and more from Q3 earnings season
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
by Jim Dalrymple II Nov 14
Survey: Mortgage lenders missing chance to build trust with borrowers
JD Power warns that the mortgage customer experience is increasingly commoditized, with few lenders finding the right formula to be seen as trusted advisers
by Matt Carter Nov 10
UWM overtakes Rocket Mortgage as biggest US lender after strong Q3
United Wholesale Mortgage says it's attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share
by Matt Carter Nov 4
Rocket's profits down 93% as mortgage originations fall
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73% from a year ago, to $23.7B
by Matt Carter Nov 3
Rocket's new loyalty program furthers lender's fintech strategy
After initial focus on mortgages, 'Rocket Rewards' will be expanded to provide discounts on other 'ecosystem' offerings including personal loans and solar panels
by Matt Carter Nov 2
Rocket courts correspondent lenders with tech tools
New branded client portal lets homebuyers apply for loans, review documents and e-sign disclosures and closing documents
by Matt Carter Oct 19
Heading off surprises helps keep deals on track as rates rise
Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday
by Matt Carter Oct 18
Rocket promotes from within, names new CFO and general counsel
Brian Brown and Tina John are tapped to fill openings created by the retirement of two top executives, Julie Booth and Angelo Vitale
by Matt Carter Oct 4
Amrock aims to offer smartphone closings everywhere they're allowed
The Rocket Companies subsidiary will roll out mobile eClosings for purchase loans by the end of 2022, an indication the practice of attending a closing in person may soon be coming to a close
by Matt Carter Sep 19
Competition between top mortgage lenders for homebuyers heats up
Rocket Mortgage rolls out 'Inflation Buster' mortgage, which provides a lower rate for 1 year, as it battles rival United Wholesale Mortgage for homebuyer market share
by Matt Carter Sep 16
Credit unions, banks flock to Black Knight's Empower mortgage LOS
IThink Financial, the 8th credit union to sign up for Empower since December, will use the mortgage loan origination system to provide home loans to more than 100,000 members
by Matt Carter Sep 13
More MSU athletes to plug UWM on social media
The Michigan-based lender's 'name, image and likeness' deal with men's football and basketball teams has expanded to encompass women's basketball and volleyball
by Matt Carter Sep 8
Big lenders get a head start, adopt $715,000 conforming loan limit
Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo
by Matt Carter Sep 7
United Wholesale Mortgage is gunning for retail rivals' customers
United Wholesale Mortgage, the nation's biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages
by Matt Carter Sep 7
Mortgage lenders use tech and local ties to grow national footprints
Atlanta-based direct mortgage lender Silverton Mortgage, a Snapdocs client, has added new branches in the Carolinas, Arkansas and Missouri over the past year
by Matt Carter Aug 19