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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29

Lending 373
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Fifth Third Bank unveils new warehouse lending business

Housing Wire

Martin, Firth Third’s group head of mortgage warehouse finance, along with a team of warehouse lending professionals, will be based in Dallas. We’re bringing the resources of Fifth Third’s commercial bank to the mortgage industry to help our clients achieve their long-term strategic objectives,” Martin said.

Lending 382
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January Demo Day: Digital Lending Platform

Housing Wire

Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. API-centric and based on consumer data models, our platform focuses on innovation, automation, and business transformation. Get More Info

Lending 293
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Fintech Maxwell acquires digital lending platform Revvin 

Housing Wire

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 401
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In quest to grow reverse business, US Mortgage Corporation hires Krajewski

Housing Wire

The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending. US Mortgage recently surpassed 30 years in business. And I love the idea that we can get so deep with these clients and really impact their lives for the better.”

Business 398
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Planet Home Lending Adds Andy Insua as Regional Sales Manager, Southeast

Appraisal Buzz

Andy Insua has joined Planet Home Lending as regional sales manager for the Southeast. Planet Home Lending is part of a fully integrated family of companies with a solid financial foundation, innovative products, and exceptional leadership,” Insua says in a release.

Lending 195
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Truist taps David Smith as next head of mortgage business

Housing Wire

Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Prior to joining Truist, Smith led the mortgage lending, insurance and title businesses affiliated with Keller Williams.

Business 349