Housing Wire

AUGUST 4, 2022

Two years after acquiring RoundPoint Mortgage Servicing , Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp. another leading mortgage servicer and a wholly owned subsidiary of real estate investment trust Two Harbors Investment Corp. million premium.

Mortgage 321

Mortgage Human Resources Investing Business 321

Housing Wire

AUGUST 21, 2023

Ohio-based lender Union Home Mortgage denied sex discrimination claims made by a former employee whose employment was terminated while she was pregnant. Union Home Mortgage was sued by Caliber Home Loans last year for trying to “cripple” its Southeast operation. UHM originated $1.75

Loan Officers 314

Loan Officers Human Resources Mortgage 314

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. Employees on the technology, marketing and human resources teams are on the list. As the U.S.

Human Resources 336

Human Resources Loan Officers Construction Mortgage 336

Housing Wire

MARCH 28, 2024

Department of Labor announced on Wednesday that they found that PrimeLending , a Texas-based retail mortgage bank, violated whistleblower provisions in a case involving two employees who raised consumer fraud concerns. mortgage lender in 2023. The main strategy was to tap high-volume loan officers in targeted locations.

Human Resources 348

Human Resources Legal Fees Loan Officers Retail 348

Housing Wire

APRIL 19, 2021

In Foley, Liebert hired a human resources no. Foley has a long track record as a human resources executive, but no prior experience in real estate. Peace, on the other hand, was the vice president of mortgage at Tomo , a recently created company to facilitate easier mortgage transactions.

Human Resources 332

Human Resources Real Estate Real Estate Agent Insurance 332

Housing Wire

DECEMBER 23, 2021

A former employee alleged that an executive at Atlanta-based mortgage lender Equity Prime Mortgage (EPM) sexually assaulted her, and executives fostered a culture of widespread sexual harassment at the firm. Former mortgage loan processor Tiar McCart claims, in a suit filed in the U.S.

Mortgage 377

Mortgage Human Resources Insurance Lending 377

Housing Wire

AUGUST 3, 2022

Is there a new way to address the truth about staffing in the mortgage industry? While taking with Clayton Collins, CEO of HW Media, he used the term “elasticity” when describing the housing market and mortgage employment. I’ve been in mortgage for more than 25 years. This confounds my non-mortgage family.

Mortgage 346

Mortgage Contracts Human Resources Training 346

Housing Wire

SEPTEMBER 14, 2023

The mortgage lender has had several changes to its leadership so far this year. Hanson will oversee, for example, the “Lender Express offering,” which provides mortgage products to credit unions and other financial institutions. In July, loanDepot appointed Darren Graeler as executive vice president and chief accounting officer.

Human Resources 354

Human Resources Retail Investing Development 354

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

APRIL 22, 2022

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. ” In 2021, Blend processed more than 1.8

Mortgage 361

Mortgage Marketing Human Resources Clients 361

Housing Wire

MAY 27, 2022

In his role as president, Hutchins oversees the division heads of single-family, multifamily, investments and capital markets, enterprise operations and technology, human resources and administration. Corley’s departure first was reported by Inside Mortgage Finance. He reports to Freddie Mac CEO Michael DeVito.

Human Resources 388

Human Resources Finance Technology Government 388

Housing Wire

JULY 20, 2023

Rocket Companies , the parent of Rocket Mortgage , offered another round of buyouts to its employees on Wednesday, a spokesperson confirmed to HousingWire. Amid elevated mortgage rates , Rocket Companies delivered a $111 million adjusted net income loss in the first quarter, following a $197 million loss in the fourth quarter.

Human Resources 370

Human Resources Loan Officers Business Mortgage 370

Housing Wire

OCTOBER 12, 2022

Sacramento, California-based mortgage lender Summit Funding Inc. Todd Scrima, the company’s CEO, founded the mortgage lender in 1995. The company offers conventional, FHA, VA, USDA, jumbo and reverse mortgages. . The mortgage industry has been facing a wave of layoffs since late 2021. The layoff, set for Nov.

Human Resources 352

Human Resources Loan Officers Mortgage Development 352

Housing Wire

OCTOBER 26, 2022

Nonbank mortgage lender and servicer Pennymac Financial Services imposed a new round of layoffs to its employees this week, ahead of its third-quarter earnings report on Thursday. . PennyMac is the largest correspondent lender in America, through which it originates most of its purchase mortgages. 25 and reviewed by HousingWire.

Human Resources 379

Human Resources Development Mortgage 379

Housing Wire

APRIL 18, 2024

McDermott joined G-Rate when the lender acquired Superior Mortgage in 2012, and resigned in November 2022. ” Regarding her compensation, McDermott, who was paid on a commission basis only, said G-Rate at various times denied her commission, identifying the mortgages as originated by another employee.

Loan Officers 388

Loan Officers Human Resources Contracts Mortgage 388

Housing Wire

SEPTEMBER 12, 2023

New York-based Mortgage Industry Advisory Corporation (MIAC) has agreed to settle with the Securities and Exchange Commission (SEC) over allegations of multiple compliance failures. The investment adviser and analytics firm will pay $100,000, according to the agreement made public on Monday.

Human Resources 314

Human Resources Design Investing Business 314

Housing Wire

DECEMBER 11, 2023

A former account executive is accusing United Wholesale Mortgage (UWM), the top mortgage lender in the country, of racial discrimination, hostile workplace environment, harassment and retaliation, according to a lawsuit filed on Dec. 8 in a district court in Michigan. Pontiac, Michigan-based UWM originated $29.7

Human Resources 336

Human Resources Mortgage Marketing Legal 336

Housing Wire

FEBRUARY 23, 2021

Rocket Mortgage will receive a tax subsidy worth up to $9.6 Governor Jon Husted on Monday said the Ohio Tax Credit Authority approved an expansion project for tax credit assistance for Rocket Mortgage, whose parent company made over $6.6 Easily the biggest mortgage lender in America, Rocket had a phenomenal 2020.

Mortgage 293

Mortgage Human Resources Technology Finance 293

Housing Wire

JANUARY 20, 2022

During the onset of COVID-19 in 2020, mortgage lenders were eager to discuss the measures that they were putting in place to keep employees safe. Rocket Mortgage , LoanDepot , Guaranteed Rate , Freedom Mortgage all either declined to comment or did not respond to questions.

Human Resources 328

Human Resources Business Mortgage Finance 328

Housing Wire

MAY 13, 2022

Mortgage servicing is a scale business, meaning the economics of scale can be achieved with larger servicing portfolio by spreading the fixed costs among more loans being serviced. Howard Lin is president of mortgage risk analytics company Cielway. To contact the author of this story: Howard Lin at howard.lin@cielway.com.

Business 370

Business Mortgage Technology Human Resources 370

Housing Wire

JUNE 5, 2023

Chief Accounting Officer Nicole Carrillo, Chief Human Resources Officer Kevin Tackaberry and LDI Digital President Zeenat Sidi are also departing loanDepot. However, the company has decided to consolidate LDI Digital, including mellohome, into its existing production channels, under the leadership of LDI mortgage president Jeff Walsh.

Business 357

Business Human Resources Retail Tools 357

Housing Wire

JULY 28, 2022

Nonbank mortgage lender Pennymac Financial Services laid off 32 additional employees in July, ahead of its scheduled Aug. However, an estimate from Inside Mortgage Finance puts Pennymac as the fourth-largest U.S. mortgage lender by volume in the period, behind Rocket Mortgage , Wells Fargo and United Wholesale Mortgage.

Human Resources 356

Human Resources Housing Market Mortgage Finance 356

Housing Wire

AUGUST 8, 2022

Cenlar FSB , the nation’s second-largest mortgage servicer and largest sub-servicer, has installed new leadership following the retirement of its president, CEO and chairman Greg Tornquist. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal.

Human Resources 319

Human Resources Legal Finance Insurance 319

Housing Wire

JULY 14, 2022

Of the 39 employees laid off, 12 cuts hit the human resources team. billion in originations, up about 78% from 2020, according to a recent report by Inside Mortgage Finance (IMF). . Kiavi, which rebranded from Lending Home in November, ranked as the top short-term lender in the fix-and-flip space in 2021, with $2.7

Human Resources 367

Human Resources Construction Legal Investors 367

Housing Wire

MAY 9, 2022

a direct-to-consumer mortgage lender acquired by Guaranteed Rate in February 2021 , is planning a workforce reduction amid higher mortgage rates and lower refinance volumes. The layoffs affect mainly mortgage consultants, specialists, and assistants, but it targets underwriting and closing professionals.

Human Resources 366

Human Resources Lending Retail Mortgage 366

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. billion in mortgages in 2021. billion in the first six months of 2022, down 42.7%

Human Resources 414

Human Resources Loan Officers Mortgage Training 414

Housing Wire

AUGUST 23, 2023

Guaranteed Rate , the seventh-largest mortgage lender in the country, has laid off hundreds of employees across two rounds of layoffs this month, according to former staffers who were affected. Mortgage recruiting platform Modex shows that the company originated $1.64 billion in July, down 30% compared to the previous month.

Human Resources 282

Human Resources Loan Officers Project Management Training 282

Housing Wire

APRIL 26, 2022

Even the biggest mortgage players aren’t immune to the effects of higher rates and tight housing inventory. Rocket Companies , the parent of Rocket Mortgage and Amrock Title , said late Monday that it would be offering buyouts to 8% of its staff at its mortgage operations and title teams. Rocket Companies CEO Jay Farner.

Human Resources 370

Human Resources Lending Mortgage Training 370

Housing Wire

AUGUST 1, 2022

ICE Mortgage Technology. Draper and Kramer Mortgage. Senior Vice President and Chief Human Resources Officer. RoundPoint Mortgage Servicing Corporation. RoundPoint Mortgage Servicing Corporation. Atlantic Bay Mortgage Group. Branch Manager and SVP of Mortgage Lending. Freedom Mortgage.

Human Resources 379

Human Resources Realty Lending Technology 379

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. The workforce reduction is also focused on mortgage loan production. The company is also laying off four people with the title of vice-president.

Human Resources 347

Human Resources Loan Officers Retail Training 347

Housing Wire

MAY 23, 2022

California-based nonbank mortgage lender Pennymac Financial Services will lay off 207 additional employees in June and July following a workforce reduction filing of more than 230 employees in March. Layoffs of 190 employees at Pennymac were first reported by National Mortgage News. Fairway Independent Mortgage Corp.

Loan Officers 393

Loan Officers Human Resources Mortgage Business 393

Housing Wire

JUNE 16, 2023

A former CrossCountry Mortgage employee accused her immediate superior at a branch in Georgia of sexual harassment and said the mortgage company retaliated against her after she lodged complaints with the human resources department and federal authorities.

Human Resources 327

Human Resources Mortgage Retail Legal 327

Housing Wire

JULY 22, 2022

Fannie Mae also this week brought Katie Jones on board as its chief human resources officer. The key to attracting and retaining mortgage talent in turbulent times. HousingWire recently spoke with American Pacific Mortgage President Ned Payant about how to build a culture that attracts and retains mortgage talent.

Human Resources 359

Human Resources Government Insurance Mortgage 359

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. This is reflected in data collected by the mortgage tech platform Modex and the Nationwide Multistate Licensing System (NMLS). billion in mortgages in 2023. A spokesperson at NAF did not respond to a request for comments. and NFM Lending.

Loan Officers 366

Loan Officers Human Resources Law Mortgage 366

Housing Wire

OCTOBER 9, 2020

Supancich brings more than 25 years of experience in the workforce and talent industry to the new position, harnessing her experience to help Home Point become one of the nation’s Top-10 overall mortgage lenders by continuing to enhance its people-focused initiatives.

Human Resources 392

Human Resources Real Estate Investing Property Management 392

Housing Wire

JUNE 5, 2023

originator United Wholesale Mortgage (UWM) is the target of two lawsuits filed by former underwriters alleging retaliation, a hostile workplace environment, gender/sexual harassment and failure to pay minimum wages and overtime. The company declined to comment on the accusations. According to the lawsuits filed in a U.S.

Human Resources 254

Human Resources Legal Training Mortgage 254

Housing Wire

JUNE 28, 2022

Tech-fueled mortgage lender UpEquity just wants answers. . A spokesperson for FGMC, which stopped taking mortgage applications late last week ahead of the mass layoff, declined to answer HousingWire’s questions. “I have done this 30 years and not seen it done this poorly,” he said. Mispricing at FGMC? .

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Human Resources Investors Lending Investing 381