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New American Funding onboards top Chicago loan officer 

Housing Wire

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.

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NAF taps Mosi Gatling for newly created executive role

Housing Wire

California-based New American Funding (NAF), which recently acquired Draper and Kramer Mortgage Corp. Last year, she produced about $78 million in mortgages, consisting mainly of Federal Housing Administration (58.8% of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. were FHA loans.

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NAF partners with Patch to become its exclusive mortgage provider

Housing Wire

Independent mortgage lender New American Funding (NAF) has partnered with hyper-local news platform Patch to become its exclusive mortgage provider, the company announced on Tuesday. “People in different areas are looking for different things, so we want to highlight the mortgage solutions that best meet their individual needs.”

Mortgage 341
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Nations Lending, Carpenter Realtors launch Commitment Mortgage

Housing Wire

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion, according to the Mortgage Bankers Association.

Lending 312
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Exclusive: CrossCountry Mortgage CEO Ron Leonhardt talks AmCap acquisition, future targets

Housing Wire

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. billion in loans in 2023. “Our basic strategy for growth has always been organically, getting into markets one by one.

Retail 332
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Lenders target growing Hispanic homeownership market

Housing Wire

Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which has applications and loan servicing in Spanish for consumers in all 50 states.

Marketing 338
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Originators gear up for the purchase market

Housing Wire

At the onset of the Coronavirus pandemic, the mortgage industry was preparing for absolute disaster. Mortgage executives held emergency meetings with their creditors over worst-case scenarios. Fratantoni’s organization is forecasting mortgage rates to gradually climb over the course of 2022, ending the year at 4%.

Marketing 414