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Sales Boomerang’s automatic borrower intelligence system works to boost its clients’ customer retention

Housing Wire

The lending industry is notorious for its poor customer retention – in fact, only 1 in 5 borrowers return to their original lender for a subsequent loan. Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin.

Clients 356
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JPMorgan Chase adds exec to correspondent team

Housing Wire

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm.

Retail 365
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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales, Wayman was a division lending executive on the East Coast, which includes the New York, New Jersey and North East Suburban markets. In his new role, Wayman will focus on client experiences across Citi’s U.S

Retail 480
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Valligent integrates with Encompass by ICE Mortgage Technology

Housing Wire

Our partnership with ICE Mortgage Technology empowers Veros and Valligent to enhance efficiency for all our clients. The suite of valuation products includes traditional appraisals, AVMs, desktop valuations, and the four-hour evaluation product designed for equity lending.

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New American Funding onboards top Chicago loan officer 

Housing Wire

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. There are a lot more as-is offers being made out there than I would ever see before. The lender originated $9.6

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New American Funding partners with EasyKnock on sale-leaseback program

Housing Wire

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. The majority of its revenue comes from rents, set at market rates by using third-party data. The lender originated $14.9

Tenants 347
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United Wholesale Mortgage plans $16B public debut via acquisition

Housing Wire

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. Ishbia last week told HousingWire that his wholesale firm was lending in record volumes , thanks in part to a suite of low-rate purchase and refinance products.

Mortgage 542