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Homebot home education portal acquires mobile app firm Quo Finance 

Housing Wire

“Later this year, Homebot’s customers will have the ability to offer a Homebot native mobile app to their millions of engaged clients and attract more first time homebuyers to their pipelines,” Yerneni said. Sandfox Advisors served as financial advisor and Goodwin Procter LLP acted as legal counsel to Quo. Quo raised $7.2

Finance 304
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. Wells Fargo agreed to pay $95.7 The deal will provide $62.8 A settlement with the U.S.

Legal 462
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Narrow Gauge Capital acquires Inco-Check

Housing Wire

“Inco-Check has not only developed proprietary technology to support its clients, it also uses these same tools to provide a highly differentiated service offering, making it a one-stop shop for software and tech-enabled services,” said Michael Detwiler, who partnered with NGC on the acquisition, in a statement. Berkery Noyes & Co.

Logistics 298
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Cenlar FSB taps co-CEOs to replace Greg Tornquist

Housing Wire

Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. He returned to Cenlar in 2015 as chief risk officer and, in 2019, began an advisory role for the board. year over year, according to Inside Mortgage Finance data.

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Did Michael Strauss, accused of fraud, just start a new mortgage company?

Housing Wire

While there is speculation about whether Strauss took clients who had loans in the pipeline when Sprout shut down, it’s unclear if Smart Rate originated or bought any loans, or how the firm would fund new mortgages. In 2015, Strauss launched Sprout Mortgage, a mortgage lender focused on non-qualified mortgages (non-QM).

Mortgage 395
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Meet Kevin Sears, NAR’s latest president

Housing Wire

“I think you will agree that our primary focus must be on furthering the business of the association which means we are fully engages on the legal, business and advocacy challenges that are top priority to you and the clients that you serve.”

Realtors 360
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UWM sues two more broker shops for working with Rocket & Fairway

Housing Wire

Meanwhile, Mid Valley Funding, which started doing business with UWM in June 2015, sent at least 62 mortgages to Rocket and Fairway, the lawsuit claims. Therefore, UWM is moving forward with legal action enforcing the penalties laid out and agreed to in the contract,” the spokesperson said.

Contracts 367