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Reverse appraisal company hires former AAG chief appraiser

Housing Wire

In 2017, he became chief appraiser for longtime reverse mortgage industry leader American Advisors Group (AAG), a position he held until the end of 2022. Joe’s unparalleled expertise and proven leadership will be instrumental in advancing our mission of delivering exceptional valuation management services to our clients.“ “I

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Jeff Nelson returns to Guaranteed Rate after a two-year absence 

Housing Wire

“Over the past couple of years, I have learned that Guaranteed Rate is truly the company with all the tools and the platform to help originators grow their business and provide the best service for customers and clients.” Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

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Optimal Blue Promotes Rick Allen to Chief Operating Officer

Appraisal Buzz

Prior to joining Optimal Blue in 2017 as vice president of business strategy, Allen built his decades of experience across both the lending and vendor sides of the housing industry.

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Fintech Stavvy acquires servicing tech firm Brace

Housing Wire

Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, acquired Brace , a digital mortgage servicing platform. Founded in 2018 , Stavvy works to increase efficiency and transparency in real estate and mortgage lending. Terms of the deal were not announced.

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Tim Bowler named president of ICE Mortgage Technology

Housing Wire

Bowler joined ICE in 2017 to lead IBA, the company’s subsidiary responsible for overseeing global benchmarks, including the ICE Swap Rate, the LBMA gold price, and ICE London Interbank offered rate (LIBOR). While the mortgage technology division at ICE posted $249 million in total revenue in the fourth quarter, down 9.8%

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American Bank of Oklahoma settles redlining case for $1.5M

Housing Wire

The DOJ complaint, filed in federal court, claims that the bank failed to provide mortgage lending services from 2017 through at least 2021 in neighborhoods in and around Tulsa , including those that were the site of the 1921 Tulsa Race Massacre. American Bank of Oklahoma has agreed to invest $1.5 The bank denies the allegations.

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Credit Plus integrates with LendingWise

Housing Wire

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In Case Study: How One Lender Increased Efficiency and Client Satisfaction.