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Mortgage tech firm TRAiNED hires two executives from Sales Boomerang

Housing Wire

In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry. It is designed to streamline the loan manufacturing process while eliminating the need for employee adoption.

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Reverse mortgage lender hires former news anchor in new marketing push

Housing Wire

Mansbridge served as the lead anchor for CBC News’ “The National,” its flagship broadcast, from 1988 to 1992, and then from 1995 until his retirement in 2017. His hiring is designed to refresh communications related to the bank’s reverse mortgage offering, available to Canadians at or over the age of 55.

Mortgage 421
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Top mega team joins The Real Brokerage

Housing Wire

Founded in 2017 in Greensboro, North Carolina by David Keener, the PREMIERE Group operates as a teamerage , providing agents with marketing and operations resources. Top-producing mega team PREMIERE Group is joining fast-growing firm The Real Brokerage , according to an announcement on Monday. million, but it still recorded a net loss of $4.0

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Change Lending loses CDFI certification

Housing Wire

The CDFI certification is a designation given by the U.S. In particular, the CDFI designation exempts lenders from complying with the Consumer Financial Protection Bureau ’s ability-to-repay rule, which requires mortgage lenders to document a borrower’s income, assets, employment and credit history.

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CFPB sues TransUnion for duping consumers with “dark patterns”

Housing Wire

In a lawsuit, the CFPB claims that TransUnion and subsidiary TransUnion Interactive, as well as John Danaher, executive vice president for the division until February 2022, misled consumers and flouted a 2017 consent order with the CFPB for the same practices “the day it went into effect.”. Presented by: Black Knight.

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Fintech Stavvy acquires servicing tech firm Brace

Housing Wire

Its platform offers eClosing functionality, including eSign, digital notarization, and video conferencing designed for real estate and mortgage professionals. Culver City, California-headquartered Brace was founded in 2017 by Amr Mohamed and Eric Rachmel and has received a total of about $30 million in funding, according to its website.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Wells Fargo agreed to pay $95.7 The deal will provide $62.8 A settlement with the U.S.

Legal 466