article thumbnail

Eyeing expansion, Go Mortgage snags 160+ former FoA employees

Housing Wire

After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former executive at FoA, in an interview with HousingWire. We specialize in marketing for purchases.”.

Retail 468
article thumbnail

Planet acquires Platinum Home Mortgage Corporation

Housing Wire

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. We look to acquire right-sized, financially solid distributed retail companies.” The financial terms of the transaction have not been disclosed. million in cash.

Retail 392
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

Lenders can also define workflows and business rules for any mortgage product, including construction loans, manufactured home loans, home equity loans and bridge loans. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

article thumbnail

After mortgage lenders shut down, what’s next for loan originators?

Housing Wire

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I But not every LO will find a new workplace.

Mortgage 372
article thumbnail

Movement Mortgage invests $200M into charter school network

Housing Wire

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Presented by: WFG.

Investing 393
article thumbnail

The Supply Chain Reaction – Interview with Greg Stephens

Appraisal Buzz

I have been teaching USPAP since 1995 and continue to teach our staff appraisers and the staff of some of our clients the 7 hour USPAP update courses. Within the real estate and the valuation industry, commodities would be housing – the construction of, the buying and selling of, and the financing of.

article thumbnail

How LOs are dealing with a mortgage rate lockdown

Housing Wire

Business is at a “dead stop,” said a retail loan officer in Michigan. This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. During the past 18 months — when refis were low-hanging fruit — the LO closed around $3 million a month.

Mortgage 379