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Guild acquires small retail lender Legacy Mortgage

Housing Wire

The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. The company has 39 active loan officers across its retail branches, according to Modex data. The distributed retailer’s volume slipped to $2.7 Terms of that deal were also not disclosed.

Retail 397
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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. In the current environment, a rigid, static technology stack can prove fatal.

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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. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

Retail 369
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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 418
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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 362
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Non-QM lender Citadel Servicing rebrands as Acra Lending

Housing Wire

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Citadel resumed non-QM lending in the summer. Presented by: WFG.

Lending 368
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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. “But given how hard this market has been and that scale is becoming more important with technology, smaller companies are under more pressure.

Mortgage 427