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Interfirst to lay off 140 employees

Housing Wire

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017. Six months ago Interfirst Mortgage Co.

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2020 HW Tech Trendsetter: Paul Akinmade

Housing Wire

Paul Akinmade, Chief Strategy Officer, CMG Financial. Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

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. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. “And

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Lenders, tech firms hire executives to navigate down market

Housing Wire

Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 359
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Opinion: Solutions to restore housing as an economic growth engine

Housing Wire

Since 2016, legal immigration growth has declined by 40%. Incentivizing developers is necessary. To stimulate production, local governments can incentivize developers to set aside affordable housing for underserved households, especially by granting tax breaks and density bonuses.

Insurance 366
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ClearCast Podcast E19 — Ribbon Co-Founder & CEO Shaival Shah

Clear Capital

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. There’s 500,000 loan officers.

Sellers 69