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First Home Mortgage Promotes Tim Whittier to President

Appraisal Buzz

Tim Whittier has been promoted to president at First Home Mortgage. Whittier first joined First Home Mortgage in 2009. He began his mortgage banking career in 1992 directly out of the University of Maryland. I am honored to step into the role of president at First Home Mortgage,” Whittier says.

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What a 15-year market share high means for the broker industry

Housing Wire

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. The significant cost savings of working with an independent mortgage broker has also become more widely known. The big question is, what caused this increase?

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Mortgage lenders American Portfolio and Town Square announce merger deal

Housing Wire

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. Most of the originations were conventional and purchase loans.

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Mortgage Coach, Polly team up amid a rapidly shrinking industry

Housing Wire

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

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Silicon Valley’s ‘bridge bank’ resumes mortgage originations 

Housing Wire

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

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Understanding the Role of an Appraisal Management Company

AmeriMac

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. The Appraisal Process Explained The appraisal process is a crucial step in determining the value of a property for various purposes, including mortgage lending.

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How Many Mortgages Can I Get?

Assurance Financial

Wondering how many mortgages you can realistically get on a single residential property? Whether you want to finance your first home or you already have an existing mortgage and you’re looking for ways to refinance your home, you might be wondering about the number of mortgages you can take out on one property.