Let Valuation Tech Help Improve Your Collateral Valuation

Join this webinar to learn how technological advancements in valuation provide solutions to help lenders and servicers deliver more comprehensive offerings to their clients.

Talking proptech with FinLedger Director Holden Page

In this episode, Page discusses the hottest topics coming across FinLedger’s news desk. Topics include: the online banking market, what’s happening in the proptech space and recent private market deals.

engage.marketing 2021

We brought together the smartest minds in purchase marketing to share the insights, tactics and strategies that set the leaders apart. Watch the sessions on-demand now!

How Rocket Pro TPO continues to give its broker partners the upper hand

To remain competitive and create a better experience in this purchase environment, brokers need one thing above all: Speed. And there’s one lending partner that has the solutions and resources to give LOs just that.


Fannie Mae: Mortgage lending will see dramatic growth in 2015

Guaranteed Rate, UWM, United Fidelity Funding weigh in

Lenders are quick to agree with Fannie Mae's Lender Sentiment Survey that the lending market is not only doing well, but should see a drastic growth as we enter into the spring home-buying season.

According to the survey and report from Li-Ning Huang, senior manager of economic and strategic research with Fannie, no lenders reported plans to downsize or exit their origination business and only 4% of lenders reported plans to downsize their servicing business. 

Click to enlarge


Source Fannie Mae

“In 2013, it was all about volume, and mortgages beefed up a lot through servicing and refinancing. In 2014, it was about purchases and which lenders would be in this long term. A lot of people did pretty well despite the doom and gloom going into 2014,” said Mat Ishbia, president and CEO at United Wholesale Mortgage.   

“Now in 2015, the deck has cleared, and people have started to focus on how to grow their business. We expect this year to be our best year in terms of overall business and are really bullish on the market this year,” Ishbia continued.  

On Monday, United announced the launch of its own loan origination system EASE, which will help drive that growth.

Chicago-based Guaranteed Rate firmly agreed with the Fannie survey, saying it plans on growing its origination and servicing businesses.  

“The recent drop in rates has allowed our refinance origination to increase from 2014 levels, and our purchase business will continue to thrive as it did in 2014, when purchases made up the majority of our volume,” said Dan Gjeldum, senior vice president of mortgage lending with Guaranteed Rate.

"On top of this, Fannie’s 3% down program will help improve the first-time buyer’s ability to quality and obtain a mortgage than in years past,” Gjeldum said.

Some lenders, like United Fidelity Funding Corp., changed their business in 2014 to reflect the changes and growth coming.

“We are expecting a lot of growth this year,” said John Bell, principal of United Fidelity Funding Corp. Bell said they are excited for the extra demand from the FHA lowering the premiums and helping the first-time homebuyer.

In looking at the past couple of Mortgage Banker Association weekly mortgage application reports, the share of refinance applications surged, hitting the highest level since July 2013, showing added demand. 

Most Popular Articles

Will we ever see a “normal” housing market again?

The question on everyone’s minds: When will this hot housing market cool down? Arch MI investigates this and more in its Spring Housing and Mortgage Market Review.

Jun 22, 2021 By

Latest Articles

TitleWave launches Colorado branch

TitleWave Real Estate Solutions of Florida has announced a new location in Colorado, as well as the launch of its title and search report technology.

Jun 24, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please