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New American Funding onboards top Chicago loan officer 

Housing Wire

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.

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NAF taps Mosi Gatling for newly created executive role

Housing Wire

Rebecca Anderson, senior vice president of strategic communications and public relations at loanDepot, wrote to HousingWire that the company “enjoys a long history of attracting and developing top-notch talent and “we thank Mosi for her many contributions to loanDepot and wish her the best in the next chapter of her career.”

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What MBA’s forecast means for mortgage originators

Housing Wire

history next to 2003. Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. Doing this now will help lending teams establish a game plan to increase the skills of any refinance-focused LOs, as well as their managers.

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New American Funding cofounders talk expansion, prospects for 2023

Housing Wire

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Kim: One of NAF’s priorities is on lending to the Hispanic community.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan?

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BofA settles maternity leave discrimination case for $15K

Housing Wire

Bank of America will pay a penalty smaller than the average down payment on a Fannie Mae -backed mortgage, after one of its mortgage loan officers allegedly violated the Fair Housing Act. In 2003, HUD’s office of fair housing and equal opportunity had 744 full time employees. As of 2021 the division had just 534.