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Cherry Creek Mortgage Promotes Nicole McCrary to VP of Compliance

Appraisal Buzz

Nicole McCrary has been promoted to vice president of compliance at Cherry Creek Mortgage , a nationwide, full-service mortgage lender. She joined Cherry Creek Mortgage in 2004 as a loan officer assistant. In her new role, McCrary will oversee quality control risks, consumer complaints and fair lending.

Mortgage 195
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Interfirst Mortgage raises $175 million

Housing Wire

Chicago-based mortgage originator Interfirst Mortgage Co. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. billion in loan volume between June 2020 and June 2021. and former U.S.

Mortgage 402
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Homestar names Gurp Bhandal EVP of national production

Housing Wire

Mortgage lender Homestar Financial Corporation on Friday announced appointing Gurp Bhandal as executive vice president of national production. Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi.

Retail 409
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Another lender settles redlining accusations with DOJ

Housing Wire

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 410
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Lenders, reach more buyers with new credit optimization platform

Housing Wire

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Much has changed in the mortgage market over the five years since our last major product launch.

Buyers 432