How to simplify the appraisal process for everyone in today’s hot market

The housing market isn't slowing down anytime soon, and appraisers need to make sure they have the right tools to manage the high demand.

Who’s afraid of the PSPA?

Stakeholders are divided over whether, in light of proposed changes to its capital rule, the FHFA should retool its agreement with the U.S. Treasury and remove policies some say never belonged there in the first place.

Back to the Future of Mortgage Lending

This webinar will discuss what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on jobs data and the bond market

In this episode of HousingWire Daily, Logan Mohtashami discusses what the jobs data, changes in the bond market, and the Omicron variant could mean for housing.

Mortgage

Get set for the mortgage lender shopping spree

On your mark...

Today’s announcement that ProTeck is buying Direct Valuation is no surprise; the appraisal shopping spree is a few years in the making.

And the trend of consolidation among appraisal management companies is likely going to continue and even spread into the mortgage lending space.

It’s well reported, after HousingWire first broke the news, that Amazon is looking to get into the mortgage lending space. Where other news outlets miss the mark, however, is the entry-point strategy.

Recently, Zillow announced similar plans.

[To sign up for LendingLife, out every Tuesday and Thursday, click here.]

The latest and greatest idea is not to buy a big, national lender, like Amazon or Zillow, but instead to buy several smaller and regional lenders, as we are seeing in the valuation space.

To be sure, both ideas work, so get set for the mortgage lender shopping spree.

Most recently Peakstone’s Mortgage Banking Group announced it is working with "a well-capitalized firm looking to acquire mortgage banks with strong origination."

That’s "banks," not one, single bank. And Peakstone specializes in mergers and acquisitions for middle market clients.

There is also some chatter about a small team of Loan Officers being taking into the Parkside Lending fold. That's unconfirmed as of now, but the rumor is, that team met with execs at Cardinal Financial and couldn't walk away eye-to-eye. But everyone is looking to buy someone.

These examples are just the beginning of the strategic trend to buy up and into the mortgage lending space. We’ll keep you posted.

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