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How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire.

Lending 361
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Redwood Trust finalizes acquisition of lender Riverbend 

Housing Wire

The acquisition of Portland, Oregon-based Riverbend and its subsidiaries, announced originally in late April, is expected to fit in well with Redwood’s existing business-purpose lending platform, CoreVest. Over the last 12 months, Riverbend [founded in 2017] has originated over $1.0 The company employs more than 50 people.

Finance 359
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry. 4,105 FirstCloseFirstclose. 4,105 FirstCloseFirstclose.

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LoanLogics makes changes to key leadership

Housing Wire

Dave Parker understands the business side of mortgage lending and has brought to market new solutions that cut to the core of what the mortgage industry needs,” Neville said in a statement. Neville joined the company’s board of directors in 2017 as a mortgage industry veteran and was appointed president and COO in 2018.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff. 375% below the market.”

Mortgage 339
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The growing support for female mortgage executives

Housing Wire

Kristy Fercho , executive vice president and head of Wells Fargo Home Lending, currently serves as vice chair of the board of the MBA, vice chair of the MBA’s Diversity and Inclusion Advisory Committee, co-chair of the Affordable Housing Council, and a member of its Residential Board of Governors. to lobby for the industry and homeowners.

Mortgage 441
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Strong refi business, low rates aren’t growing reverse mortgage audience

Housing Wire

The number of HECMs in servicing portfolios has been trending downward, basically, ever since the 2017 principal limit factor (PLF) changes. “But, when we really start to drill into it a little bit, we’re seeing both of the numbers involved here move against us. So, for both of those reasons, we’re actually seeing penetration go down.”.

Business 293