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With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. The brokers were in agreement that recruiting talent and maintaining strong partnerships will be key to not only brand development, but a lasting foundation that will continue post-pandemic. “So

Retail 370
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Fintech Maxwell launches POS feature that offers tailored workflows for lenders

Housing Wire

The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support. mortgage sales, Wayman was a division lending executive on the East Coast, which includes the New York, New Jersey and North East Suburban markets.

Retail 481
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What mortgage lenders need to know about wholesale

Housing Wire

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 370
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New American Funding onboards top Chicago loan officer 

Housing Wire

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

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The 2024 mortgage M&A playbook

Housing Wire

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. It won’t be easy.

Mortgage 417
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DocMagic integrates Total eClose with Finastra’s MortgagebotLOS

Housing Wire

We’re thrilled to offer our clients the efficiencies and conveniences that this partnership brings,” MaryKay Theriault , director of product management at Finastra, said. ” Finastra’s MortgagebotLOS, a web-based mortgage lending platform, supports retail, wholesale, and correspondent business channels. .

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