3Q was good to mortgage companies

We're getting a good look at what happened in the third quarter as mortgage and real estate companies continue to report earnings. Here's a wrap up of our recent earnings coverage:

Was this newsletter forwarded to you? Sign up here. Good afternoon —   We're getting a good look at what happened in the third quarter as mortgage and real estate companies continue to report earnings. Here's a wrap up of our recent earnings coverage: UWM posts $330M in profits in Q3 Ocwen delivers a $21.5M profit in Q3 Rocket closing in on 10% of the mortgage market Home Point Capital bounces back in Q3 thanks to MSR sale New Residential already seeing the benefits of Caliber deal Expansion-obsessed eXp reports $80M in Q3 profits LoanDepot profits surge in Q3 as margins rebound Another profitable quarter for Realogy, but what's next? Most of our earnings coverage is available only to our HW+ members and that's just part of what members get as part of this premium program. This week we're hosting one of our member-only virtual events — a Master Class with Experience.com's Chief Experience Officer Brittany Hodak.

Brittany is going to share the framework every marketing and sales leader can use to design intentional customer journeys. Not an HW+ member yet? Sign up here, then register for the Master Class.

 

Until tomorrow —

 

Sarah Wheeler

HousingWire Editor in Chief 

Michael Neal talks Black homeownership gap and AVMs

Appraisals & Valuations

This week's episode features Michael Neal, a researcher at the Urban Institute, as he discusses automated valuation models and racial bias in appraisals and valuations.

Listen now

Appraisers give HUD an earful during bias roundtable

Appraisals & Valuations, HW+ Exclusive Content

Appraisers had a chance to take questions directly to the Department of Housing and Urban Development, during a roundtable discussion on appraisal bias.

Is your collateral underwriting slowing you down? Originate loans faster, with more automation, and at lower costs—while improving loan quality at the same time. Complete Collateral from CoreLogic makes underwriting simpler with a more streamlined and complete workflow. Learn More!

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Rocket blasts off in the private-label market

Mortgage, HW+ Exclusive Content

Rocket Mortgage started out dabbling in the private-label secondary market slowly, with a single offering in 2019, followed by another in 2020, but it has come out with its engines roaring in 2021.

Keep Up With the Latest Third Party Origination News

Presented by Rocket Pro TPO

Want to stay up to date with the latest on the third party origination front? We designed a specific news hub with lenders and brokers in mind, with Rocket Pro TPO leading the discussion.

Mortgage Cadence Launches New Platform and Unveils New Brand The new Mortgage Cadence Platform (MCP) is the industry's most complete, modern, and open digital lending platform designed to provide an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. Read the press release here.

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