Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.


RoundPoint Mortgage Servicing expanding into mortgage lending

Launches retail lending division, which is licensed in 42 states

For the last 10 years, RoundPoint Mortgage Servicing Corp. has done just what its name implied: service mortgages.

But that’s about to change.

RoundPoint is now getting into mortgage lending as well.

RoundPoint announced Wednesday that it recently launched a retail mortgage lending division, which is licensed in 42 states.

Up until this point, RoundPoint only serviced or subserviced mortgages. The Charlotte-based company currently services over $75 billion worth of mortgage assets, which are comprised of its own assets and loans subserviced for other investor types.

Now, the company is launching a mortgage lending division. According to the company, its mortgage lending operation is based in Charlotte as well and currently employs 174 people.

As for why the company chose to expand into lending now, the company said the initial reasoning for the move is to “neutralize RoundPoint’s portfolio run-off.”

But the company has plans to grow its lending operation.

Specifically, the company said that the next phase for its mortgage lending operation is to expand to purchase market opportunities.

According to RoundPoint, it is offering a “full suite” of mortgage options, including government-sponsored enterprise-backed loans, government and alternative financial products.

The company claims that its mortgage lending operation is built with “leading-edge technology,” but says what sets it apart is its approach to lending.

“RoundPoint’s more casual, relaxed, no pressure approach to mortgage lending is something we believe is distinctly different in the industry,” Kelli Yarbrough, vice president, said. “Education and empathy are the most important qualities we can offer to borrowers, and we make sure that human beings are available at every step of the process to answer questions and provide status updates.”

Most Popular Articles

FHFA: Government to back mortgages up to $970,800 in 2022

The FHFA today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. In high-cost areas, the new ceiling loan limit will be $970,800.

Nov 30, 2021 By

Latest Articles

Zillow: Over half of our iBuying inventory is on the move

Zillow said Thursday that more than 50% of its remaining iBuying inventory “has sold, is under contract to sell or has reached agreement on disposition terms.”

Dec 02, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please