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Planet Home Lending adds new regional sales manager

Housing Wire

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Kingsborough has more than 20 years of experience in mortgage lending and will be responsible for driving the company’s expansion plans in the western U.S.

Lending 368
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Newrez sues former employee for soliciting senior executives to join competing lender 

Housing Wire

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

Retail 411
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Mortgage lenders, borrowers react to banks closures 

Housing Wire

retail residential mortgage applications. ” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. That was a favorable development,” Deitch said. ”

Mortgage 367
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. In 2012, Dmitry Godin was seemingly on top of the world. 375% below the market.”

Mortgage 363
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How JVM Lending plans to expand without any loan originators

Housing Wire

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We are going to pursue the investor niche aggressively, meeting very specific realtors.

Lending 390
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Vishal Garg unveils Better’s new strategy as a publicly traded company 

Housing Wire

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. I’ve gone through extensive coaching and professional development,” he said. I’ve gone through extensive coaching and professional development. ” And what is Better.com best at?

Realtors 367
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Appraisers: Be Careful with Your Words

Appraisal Today

The updates will impact how appraisers assemble their report – but not how they analyze the information and develop a value opinion. The UAD update will not change the core role of an appraiser: to complete research and analysis necessary to develop a credible opinion of value. Let’s look at what’s not changing and what is changing.