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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

mortgage after serving in the role since December. Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support.

Retail 477
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Sales Boomerang’s automatic borrower intelligence system works to boost its clients’ customer retention

Housing Wire

Sales Boomerang solve this problem by helping banks, credit unions and independent mortgage lenders build lasting, profitable relationships with their borrowers. 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 382
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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. Chicago, I think, is suffering more than most markets in the United States. Steinway, who closed more than $1.5

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QC Ally acquires due diligence solutions firm Inglet Blair

Housing Wire

In a statement on Thursday, QC Ally said the acquisition would allow the company to further its mission of helping financial services firms achieve “true enterprise quality” throughout the lifecycle of the loan, from origination to servicing and deeper into secondary markets.

Investors 403
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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 382
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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. UWM’s move into the public markets follows that of rival Rocket Companies , the country’s largest mortgage lender by volume.

Mortgage 542
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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 404