Housing Wire

FEBRUARY 6, 2024

FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina. In 2023, the bank originated about $2.3

Advertising 385

Advertising Lending Loan Officers Law 385

Housing Wire

FEBRUARY 21, 2024

Nelson previously served as Guaranteed Rate’s senior vice president and divisional manager for the Southeast and Mid-Atlantic regions from August 2017 to May 2022. Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 408

Retail Tools Lending Clients 408

Housing Wire

MARCH 28, 2024

NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. The brokerage’s biggest lending partner is United Wholesale Mortgage , the nation’s largest mortgage lender. Affiliated companies include AXEN Mortgage , a non-delegated correspondent shop, as well as a charter flight business.

Mortgage 426

Mortgage Brokerage Loan Officers Business 426

Housing Wire

NOVEMBER 20, 2023

Lowman has been with the lender for more than 21 years starting from managing a founding branch to being promoted as president in 2004, CEO in 2017 and vice chairman earlier in 2023. “I I look forward to driving APM forward in the new year and turning the challenges into opportunities in 2024 and beyond,” Lowman said.

Retail 361

Retail Mortgage Lending Renovations 361

Appraisal Buzz

APRIL 9, 2024

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. This is a true ‘win’ for The post Optimal Blue Promotes Rick Allen to Chief Operating Officer appeared first on Appraisal Buzz.

Best Value 195

Best Value Lending Clients Technology 195

Housing Wire

OCTOBER 23, 2023

Throughout her career, she held other executive roles at Guaranteed Rate , Mid America Mortgage , CMG Financial , Prime Lending , First Command Bank and Alaska USA Federal Credit Union. She was among HousingWire’s Women of Influence in 2017 and in 2020.

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Lending Technology Mortgage Business 327

Housing Wire

JANUARY 13, 2023

Garcia’s professional career spans more than two decades in the mortgage lending industry, with more than five years at Waterstone Mortgage. He joined the company as the quality control manager in July 2017. Waterstone Mortgage focuses on purchase loans, and currently lends in 48 states.

Mortgage 376

Mortgage Lending Training Development 376

Appraisal Buzz

OCTOBER 20, 2022

Circuit Court of Appeals ruled in a case brought by a payday lending group against the CFPB’s 2017 payday lending rule, resulting in the court’s decision to deem their funding structures unconstitutional. A three-judge panel of the 5th U.S.

Lending 195

Lending Appraisal 195

Housing Wire

AUGUST 1, 2023

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.

Real Estate 331

Real Estate Lending Technology Investing 331

Housing Wire

AUGUST 22, 2022

She was previously the COO at Glenn Stearns’ Kind Lending and Planet Home Lending. Lindblom also spent five years at Stearns Wholesale between 2012 and 2017, where she was managing director of national fulfillment and operations. Lindblom joins the non-QM-focused lender following a stint at First Guaranty Mortgage Corp.

Lending 360

Lending Investing Real Estate Mortgage 360

Housing Wire

JULY 17, 2023

Set in motion by a small-dollar lending rule initiated by the Bureau in 2017, the payday lending industry began targeting the rule. It vacated the small-dollar lending rule in the process, though it did not address the majority of other challenges the trade groups sought to bring to court.

Lending 331

Lending 331

Housing Wire

AUGUST 20, 2021

had to have generated revenue by March 31, 2017, making at least $100,00 that year. Not surprisingly, the top mortgage lenders on the list were all tech-focused companies, leveraging in house and third-party solutions to simplify lending transactions. Magazine’s list of the 5,000 fastest growing companies in America for 2021.

Mortgage 397

Mortgage Lending Real Estate Business 397

Housing Wire

DECEMBER 9, 2020

The bank will pay a $200,000 fine for reporting inaccurate HMDA data in 2016 and 2017 — with error rates up to 40% in some cases, according to the CFPB. Washington Federal reported HMDA data for over 7,000 mortgage applications in each of 2016 and 2017, many of which contained data error rates reaching nearly 40%.

Training 366

Training Lending Development Mortgage 366

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Business 391

Business Investors Finance Home Improvement 391

Housing Wire

OCTOBER 3, 2023

Headquartered in Roswell, Georgia, Onward Home Mortgage specializes in residential purchase mortgage lending and has a presence in the greater Georgia and Alabama areas. It is part of the Newrez Ventures platform.

Real Estate Agent 396

Real Estate Agent Mortgage Realty Loan Officers 396

Housing Wire

FEBRUARY 8, 2021

The momentum for non-bank lending is here to stay. Strategies lenders should adopt from direct to consumer lending. Join expert panelists to learn how the pandemic is ushering in a new era of digital lending and leading to the formation of a hybrid lending model. We are the Lyft to their Uber,” Hsieh said. billion to $2.6

Valuation 458

Valuation Retail Lending Real Estate Agent 458

Housing Wire

AUGUST 16, 2022

335), Trius Lending Partners (no. Trius Lending, a local direct and hard-money lender specializing in residential investment, attributed its rapid success to customizing to investors’ needs. According to the firm, the core business at Trius Lending is residential rentals or properties for fix-and-flip. MortgageOne (no.

Mortgage 368

Mortgage Lending Investors Brokerage 368

Housing Wire

AUGUST 30, 2021

The DOJ alleged that between 2013 to 2017, the bank violated the Fair Housing Act and the Equal Credit Opportunity Act “by avoiding predominantly Black and Hispanic neighborhoods [in the Houston, metro area] because of the race, color and national origin of the people living in those neighborhoods.”. We are pleased with our results today.”.

Lending 391

Lending Loan Officers Advertising Development 391

Housing Wire

MARCH 8, 2023

District Court for the Southern District of Ohio last month, alleged that Park National failed to provide mortgage lending services by redlining majority-Black and Hispanic neighborhoods in the Columbus area from at least 2015 to 2021. The complaint, filed in federal court in the U.S.

Advertising 321

Advertising Lending Modernization Investing 321

Housing Wire

JULY 29, 2022

About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae ‘s mortgage lender sentiment survey. Direct to consumer lending can lower variable costs significantly.

Mortgage 382

Mortgage Loan Officers Lending Real Estate Agent 382

Housing Wire

JULY 17, 2023

Mozilo avoided working with subprime loans until the late 1990s, when after noticing that his firm was losing business to competitors, Countywide embraced the type of subprime mortgage lending that eventually led to the housing crisis in 2008. Phyllis died in 2017. And they did it at a massive scale.

Lending 360

Lending Mortgage Business Government 360

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity is a joint venture established in 2017 by Guaranteed Rate and Anywhere Real Estate (former Realogy ). The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries.

Loan Officers 387

Loan Officers Legal Real Estate Lending 387

Housing Wire

NOVEMBER 2, 2022

where Freddie Mac will educate the attendees on its affordable housing programs and NAMB will provide classes, credits and certifications on topics such as VA lending, etc. NAMB and Freddie Mac will host events across the U.S. the newly appointed board president of NAMB.

Tools 376

Tools Mortgage Lending Development 376

Housing Wire

FEBRUARY 14, 2023

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). The firm expects the business model that focuses on recurring revenue will help grow the business by 8-10% per year.

Technology 366

Technology Mortgage Lending Business 366

Housing Wire

MAY 12, 2021

Five years after introducing the Rocket Mortgage brand for digital lending, Rocket Companies will finally retire the legacy Quicken name on July 31. “More than 20 years ago, Dan Gilbert, our founder and chairman, had a vision of putting the entire mortgage process online to simplify the lending experience and add more transparency.

Lending 380

Lending Mortgage Real Estate Development 380

Housing Wire

DECEMBER 1, 2021

As the housing market changes, so does lending fraud. This white paper covers new fraud schemes in mortgage lending as well as solutions for fraud detection. In early 2017, after Spirit and Citizens stopped funding his company’s mortgages, McCord sought a new warehouse lender. Presented by: First American Data & Analytics.

Mortgage 530

Mortgage Insurance Lending Government 530

Housing Wire

MARCH 21, 2022

Chambliss is currently the deputy general counsel for mission and anti-predatory lending at the enterprise. He also oversees Freddie Mac’s anti-predatory lending efforts. In that role he gives legal and regulatory advice on activities connected with fulfilling Freddie Mac’s mission.

Human Resources 344

Human Resources Government Lending Finance 344

Housing Wire

MAY 26, 2023

OneMain, which specializes in nonprime lending, “failed to effectively manage user access privileges to Information Systems that provide access to non-public information from its customers,” DFS said in its announcement of the settlement.

Development 342

Development Training Lending Finance 342

Housing Wire

APRIL 15, 2022

Kristy Fercho, CEO of Wells Fargo Home Lending, said in a statement that the initiative will help close the homeownership created by decades of systemic inequities, and the bank is “taking meaningful action by reimagining the homeownership journey.”. Top depositary mortgage lender Wells Fargo & Co.

Lending 384

Lending Mortgage Marketing 384

Housing Wire

SEPTEMBER 17, 2020

The momentum for non-bank lending is here to stay. In March 2017, the company revived plans for an IPO. Since it debuted at $18 a share, Rocket’s stock has surged over 25%, and the nation’s largest mortgage lender now sports a market cap of about $47 billion. “We are the Lyft to their Uber,” Hsieh told Bloomberg.

Market Value 534

Market Value Lending Mortgage Marketing 534

Inman

FEBRUARY 6, 2024

FNB's 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities.

Mortgage 162

Mortgage Lending 162

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America, says its collection of companies has originated over $65 billion in loans since 2017. billion valuation.

Finance 486

Finance Lending Retail Investing 486

Housing Wire

SEPTEMBER 10, 2021

It also launched its lending division, Orchard Home Loans, in July. Its rival, Knock , shifted its focus to lending around the same time. Since its launch in 2017, Orchard has raised $255 million in total equity. Last year, the company completed a $69 million series C funding round.

Lending 383

Lending Insurance Investors Real Estate 383

Housing Wire

APRIL 12, 2021

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

Property Taxes 230

Property Taxes Lending Loan Officers Business 230

Housing Wire

MAY 10, 2021

By early 2017, Elliott defaulted on his mortgage. That same year, he sued his lender for violating the Truth in Lending Act. The divorce court also ordered Golan to pay Elliott just $250 per month in spousal support for three years. Elliott went on the offensive. The rest of this content is for HW+ members. Already a member?

Real Estate Agent 409

Real Estate Agent Law Realtors Lending 409

Housing Wire

APRIL 28, 2022

Mortgage companies are tapping into emerging blockchain and cryptocurrency lending markets, utilizing artificial intelligence technology to speed up the origination process. Founded in 2017, LoanSnap originated about $7.3 million in crypto-loans across 27 homes that have a total value of $43 million. .

Mortgage 375

Mortgage Real Estate Real Estate Agent Investing 375

Housing Wire

MARCH 5, 2021

At the end of 2017, Ishbia went on record supporting a fast-growing movement that “focused on stopping the unethical practices used by ‘whole-tail lenders.’” Founded by Anothony Casa, who also founded the Association of Independent Mortgage Experts, the initiative was coined “Brokers Rallying Against Whole-tail Lending,” or BRAWL.

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Mortgage Marketing Real Estate Agent Loan Officers 504