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loanDepot VP Brian Covey moves to Revolution

Housing Wire

Covey, who announced the change Monday via a LinkedIn post , joined loanDepot in 2018 and led the sales teams in Tennessee, Alabama, Mississippi and Louisiana, recruiting and training more than 200 sales and operations team members. He also provided training to loan originators. billion in 2021. “…we

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Waterstone Mortgage promotes Rico Garcia to VP

Housing Wire

In addition, he will work with other teams to lead cross training and improve communication with both internal and external customers. He joined the company as the quality control manager in July 2017. He was the manager of quality control at Opus Capital Markets Consultants, LLC and managing director at Armitage Research LLC.

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Interfirst to lay off 140 employees

Housing Wire

Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. But Interfirst struggled to maintain volumes in the following years as the market turned to purchase. The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017.

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How boutique lender Revolution Mortgage plans its expansion

Housing Wire

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. The executive sees potential for the boutique lender to expand — especially as Revolution focuses on targeting the local and purchase markets.

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People movers: Home Point Financial, Zumper, Total Expert and NAR

Housing Wire

Darren Goode has joined Zumper as its first chief marketing officer. Goode has over 25 years of experience in global marketing and advertising across the globe. Goode has also held several senior marketing and general management leadership positions with Apple , L’Oreal , P&G , Paramount Pictures and Babylon Health.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. And today, unlike many other mortgage lenders, we reenter the residential mortgage origination market without any legacy challenges.”.

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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

The Financial Crimes Enforcement Network , or FinCEN, is floating a proposed anti-money laundering rule that could impose reporting mandates on a broad swath of professionals in the residential real estate market, including real estate agents, brokers, attorneys, title insurance companies and settlement agents.