Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.” This is a breaking news story. Check back for more updates.

Lending 537

Lending Retail Real Estate Agent Brokerage 537

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 369

Lending Retail Loan Officers Business 369

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage.

Retail 405

Retail Loan Officers Brokerage Technology 405

Housing Wire

MARCH 15, 2021

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. Retail lenders originate loans through their in-person retail branches.

Lending 394

Lending Retail Mortgage Loan Officers 394

Housing Wire

MAY 2, 2024

Potempa mainly focuses on the government lending space, which represents 60% of his total volume, he said. In February, it announced the hiring of James Hecht , former head of production and executive vice president for national retail lending at Newrez , as its CEO. .” According to Scotsman Guide , Potempa was the No.

Loan Officers 410

Loan Officers Mortgage Retail Lending 410

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. The brokers were in agreement that recruiting talent and maintaining strong partnerships will be key to not only brand development, but a lasting foundation that will continue post-pandemic. “So

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

AUGUST 14, 2020

Planet Home Lending has promoted four people to vice president positions, supporting the company’s continual growth. Michaelene Whyte has been promoted from processing manager of the East to VP, national fulfillment, distributed retail, and has been with Planet Home Lending since October 2018.

Lending 292

Lending Retail Development Realty 292

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology.

Retail 399

Retail Lending Design Technology 399

Housing Wire

FEBRUARY 26, 2024

OneTrust Home Loans , a direct competitor of Newrez’s retail mortgage business, conspired with James Hecht, former Newrez executive vice president for national retail lending, to orchestrate the termination of several Newrez executives and have them join OneTrust, according to the suit filed Feb. 21 in the U.S.

Retail 412

Retail Legal Lending Business 412

Housing Wire

MARCH 12, 2024

The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. Wells Fargo -backed mortgage fintech Maxwell rolled out a point-of-sale (POS) feature that offers tailored workflows and integrations.

Technology 392

Technology Retail Lending Design 392

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. It won’t be easy.

Mortgage 408

Mortgage Retail Lending Sellers 408

Housing Wire

MARCH 23, 2021

mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support. mortgage sales, Wayman was a division lending executive on the East Coast, which includes the New York, New Jersey and North East Suburban markets.

Retail 481

Retail Mortgage Clients Lending 481

Housing Wire

MARCH 23, 2021

retailers and e-commerce merchants, and every $1 of fraud now costs $3.36, up from $3.13 As origination volumes hit record highs in 2020, Truework’s verification experts saw a spike in fraud in mortgage lending, and expect that trend to continue this year. across U.S. How lenders can prepare for growing fraud threats.

Lending 441

Lending Mortgage Sellers Technology 441

Housing Wire

MARCH 13, 2024

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. Guild’s in-house retail reverse mortgage originations reached $49.8 million for the year.

Mortgage 389

Mortgage Lending Retail Investing 389

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 368

Mortgage Retail Lending Loan Officers 368

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. Movement, which focuses on the distributed retail channel, was the 15th largest U.S. division, to Summit. The company originated $4.1

Retail 370

Retail Development Finance Lending 370

Housing Wire

MARCH 30, 2023

New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc. In addition, the company’s CEO, Peter Norden, will act as executive advisor to CMG’s retail division to ensure a successful transition. mortgage lender by volume last year.

Retail 403

Retail Loan Officers Legal Technology 403

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

Loan Officers 396

Loan Officers Retail Finance Buyers 396

Housing Wire

MARCH 8, 2024

We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. The exposure of the largest banks is quite low, but there may be smaller banks that are stressed by these developments.” NYCB, one of the largest U.S.

Real Estate 467

Real Estate Insurance Lending Retail 467

Housing Wire

SEPTEMBER 6, 2022

In August 2021, Citi hired Liz Bryant as head of retail mortgage sales directly from Wells Fargo , the top depositary bank by origination volume in the U.S. . Beginning late last year, Bryant was tasked with reorganizing Citi Mortgage, in an effort to better align with Citi’s retail banking division. JPMorgan Chase and U.S.

Mortgage 383

Mortgage Retail Lending Finance 383

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 443

Technology Development Real Estate Realty 443

Housing Wire

JANUARY 18, 2023

While launching an in-house mortgage lending operation has been a complex undertaking for many businesses, Lower says its new platform will allow partner companies to offer customers a full menu of home financing options and expand their lending footprint to more than 93% of the U.S. population. Lower originated $4.19

Mortgage 376

Mortgage Lending Finance Retail 376

Housing Wire

JUNE 24, 2022

Texas lender Mid America Mortgage rebranded as Click n’ Close to expand into the mortgage technology industry following the sale of the majority of its retail lending operations. Click n’ Close will retain retail operations related to its reverse mortgage and lending business for Native Americans, the company said Monday.

Mortgage 350

Mortgage Retail Technology Lending 350

Housing Wire

FEBRUARY 12, 2024

Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S. In AFR, it’s adding the New Jersey-based, full-service independent mortgage bank that has direct, wholesale and correspondent lending divisions. AFR offers agency, nonagency and government lending products.

Lending 378

Lending Renovations Construction Finance 378

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Just having those additional layers in the retail model really creates strain there,” Kirby said in an interview. I developed a ton of great relationships over that time there.

Mortgage 386

Mortgage Retail Loan Officers Brokerage 386

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. HousingWire reported in 2021 that Stearns’ retail operations would be folded into Guaranteed Rate. The figure is believed to be a record for a retail loan originator.

Retail 383

Retail Loan Officers Best Value Business 383

Housing Wire

JUNE 29, 2023

” Finastra’s MortgagebotLOS, a web-based mortgage lending platform, supports retail, wholesale, and correspondent business channels. Trusted by over 1,400 clients nationwide, it helps streamline the origination process and reduce operating costs in mortgage lending.

Lending 352

Lending Tools Retail Clients 352

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

MAY 23, 2022

In his new role, Hogle will manage the firm’s retail operations, overseeing growth and development of retail sales and the production network, while supporting the firm’s business channels. Hogle has more than 20 years of experience, including about 15 years with Supreme Lending.

Mortgage 389

Mortgage Retail Insurance Development 389

Housing Wire

OCTOBER 24, 2023

Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. ” A spokesperson for loanDepot wrote to HousingWire that the company has a tradition of attracting and developing ‘top-notch talent.’ Arizona-based Gade, a graduate of the U.S.

Loan Officers 417

Loan Officers Brokerage Retail Construction 417

Housing Wire

JANUARY 12, 2021

to Acra Lending, the company has also launched a new jumbo prime program. HousingWire: Why did you develop the Jumbo Prime program? Keith Lind, Acra Lending executive chairman and president. Keith Lind: This specific program has been developed to meet the needs of customers in today’s environment.

Lending 307

Lending Development Retail Design 307

Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said.

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Appraisal Buzz

APRIL 22, 2022

a combined lien and eNote registry system developed by Figure Technologies Inc. The first is with Blue Sage , a cloud-based digital lending platform for retail, wholesale and correspondent lenders. DART (Digital Asset Registration Technologies Inc.), using blockchain technology, has two new integration agreements.

Retail 195

Retail Technology Lending Development 195

Appraisal Buzz

APRIL 15, 2022

Nations Lending , a national full-service mortgage lender, has added to its executive team by bringing in Cindy Baird as executive vice president of national operations. In addition to ensuring streamlined and efficient operations, Baird will also work to develop and implement processes that have a direct impact.

Retail 195

Retail Lending Development Investing 195

Housing Wire

JANUARY 12, 2024

The company later told RMD, however, that the loan was within current product lending limits. When asked about the reportedly higher lending limit for this loan, a FOA spokesperson told RMD that the reporting on the loan amount is simply incorrect and that it is “within current HomeSafe lending limits.”

Tools 404

Tools Mortgage Finance Lending 404

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. increase compared to 2020.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

OCTOBER 4, 2022

Head of Neighborhood and Community Lending. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending. Head of Home Lending. Planet Home Lending. President, Retail. Executive Vice President of Retail Lending. Chief Business Development.

Human Resources 405

Human Resources Lending Real Estate Technology 405