Housing Wire
MAY 8, 2024
The layoffs include mortgage professionals such as processors, underwriters and loan officers. Several departments were affected, including legal, secondary market and quality control. Due to its servicing book, Rithm has had a positive financial performance of late. company with $536.6
Housing Wire
NOVEMBER 10, 2022
The deal adds $2 billion in annual volume, 250 mortgage professionals and 31 branch offices to Movement’s book of businesses. . Houlihan Lokey served as financial advisor and Pierce Atwood served as legal advisor to Mortgage Network. Troutman Pepper was Movement’s legal advisor in the M&A transaction.
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Housing Wire
DECEMBER 16, 2020
In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. The suit mirrors an earlier, parallel legal action filed in Illinois state court. 2013 and February 2019.
Housing Wire
APRIL 1, 2024
However, during the company’s valuation process, when financial professionals reviewed its books, discoveries of aviation purchases led him to confront Kortas, resulting in his termination as president of NEXA, Grella added. billion in mortgage loans in 2023, according to Kortas. But that’s not the case for the aviation business.
Housing Wire
OCTOBER 10, 2023
That’s because real estate agents and loan officers are in survival mode and desperate to close new business. “The line of what is legal and illegal depends on who is running the CFPB,” Steve Murray, partner at RealTrends Consulting , said.
Housing Wire
APRIL 9, 2024
Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. Last October, Ameris Bank had to pay $9 million to settle a redlining case.
Appraisal Today
MAY 10, 2024
The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. Motivational books and recordings help you stay up when business is stressful. OK, so who exactly decided the value should be HIGHER than what the appraiser reported, before an appraisal was ordered?
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