Housing Wire

JANUARY 24, 2022

Stearns Lending will lay off 348 workers following the decision by Guaranteed Rate earlier this month to discontinue operations of its third-party wholesale channel. Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns.

Lending 361

Lending Retail Loan Officers Business 361

Housing Wire

JANUARY 25, 2024

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president. He left Rocket in the beginning of 2019.

Retail 373

Retail Lending Loan Officers Brokerage 373

Housing Wire

AUGUST 30, 2021

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 Mortgage lending in the Houston area accounts for approximately 40% of the company’s total home mortgage business, the DOJ said.

Lending 384

Lending Loan Officers Advertising Development 384

Housing Wire

JANUARY 12, 2022

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. In acquiring Stearns, the company sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities.

Retail 382

Retail Loan Officers Best Value Business 382

Housing Wire

JANUARY 5, 2021

The platform allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS. billion.

Architecture 389

Architecture Real Estate Agent Loan Officers Real Estate 389

Housing Wire

APRIL 25, 2022

It has about 350 loan officers and roughly 100 retail branches. . First Choice brought to CrossCountry retailer Costco ’s mortgage program, which connects the big box retail giant’s members with a select list of lenders and offers a discount on the lending fees.

Retail 382

Retail Loan Officers Mortgage Lending 382

Housing Wire

DECEMBER 16, 2021

By July 2013, things were going so well that Godin and his wife purchased a lakefront mansion in Winnetka, Illinois, for nearly $13 million , a record for the posh Chicago suburb. The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 348

Mortgage Loan Officers Retail Training 348