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Sprout Mortgage taps Wells Fargo veteran to lead retail

Housing Wire

Non-QM lender Sprout Mortgage is setting up a distributed retail operation, and it’s picked a veteran of Wells Fargo to lead the new division. Sprout hired former Wells Fargo executive Michael Johnson to expand Sprout’s consumer and retail sales channel, the company said Tuesday.

Retail 335
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Blue Sage Solutions launches digital servicing platform

Housing Wire

Blue Sage Solutions’s primary product offering is a cloud-based digital lending platform designed to operate in the retail, wholesale, and correspondent lending channels while ensuring compliance. Additionally, the platform is accessible to all users, regardless of their current loan origination software.

Retail 348
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Endpoint launches scalable title features for proptech integration

Housing Wire

First American Financial Corporation ’s digital closing platform firm Endpoint is now offering a suite of integrated title tools specifically designed for proptech companies, investors and tech-forward real estate organizations looking for a scalable digital closing platform. Why proptech intergration is more important than ever. “The

Investors 286
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From Industrial to Retail: A Deep Dive into Evaluating Commercial Real Estate

The Robert Weiler Company

For commercial real estate companies and investors, looking at wide-ranging commercial property sectors, doing so can be an overwhelming (not to mention stressful and time-consuming) experience. That’s because it’s a design most adaptable to various uses and future expansion as business needs evolve. million pools to fit it all in.

Retail 158
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Mortgage infrastructure platform Pylon raises $8.5M in seed round

Housing Wire

million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. Conversion Capital led the funding with participation from Fifth Wall , Peter Thiel , QED Investors , Montage Ventures , and Village Global as well as Ramp , Blend , Zillow , SoFi and Figure , the company announced.

Mortgage 295
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire. “I was told by the recruiter this division – Rocket retail started a year ago.

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Hours before its IPO fizzled, Guild Mortgage agreed to pay $25M to settle federal lawsuit

Housing Wire

As this settlement demonstrates, we are committed to holding mortgage lenders accountable when they choose to abuse the integrity of vital government programs that are designed to assist homeownership,” U.S. Through Guild Holdings, the lender’s management and the private equity investors planned to issue 8.5 It originated $14.6

Mortgage 484