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Texana Bank to trim workforce in California

Housing Wire

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

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loanDepot appoints Dan Hanson to newly-created executive role

Housing Wire

In May, the lender promoted Alec Hanson , the company’s senior vice president of production for the West division, to chief marketing officer. According to the company, Hanson will be responsible for “developing new revenue-generating opportunities, including national referral relationships and acquisitions.”

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Guaranteed Rate’s Owning continues layoffs

Housing Wire

According to a Worker Adjustment and Retraining Notification (WARN) notice submitted to the Employment Development Department (EDD) in California, the company cut 108 jobs in three rounds from February to April but intends to add 81 to the list. “A HousingWire sent a message seeking comment to Guaranteed Rate, which was not returned.

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How Blend plans to survive a shrinking mortgage market 

Housing Wire

Publicly traded mortgage tech company Blend Labs isn’t changing its strategy to survive a shrinking mortgage market, even though a drop in originations is sapping its revenue stream and forcing it to trim its workforce. Blend claims it grew its mortgage market share from 10% in 2020 to 15% in 2021.

Mortgage 397
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People movers: Home Point Financial, Zumper, Total Expert and NAR

Housing Wire

Before he joined Home Point Financial, Hilzendeger was at Wells Fargo for 30 years, most recently with Wells Fargo Home Lending , where he led as head of Retail Operations, head of Servicing Operations, senior vice president of Default Services, and senior vice president of Real Estate Servicing. office’s Talent Development operations.

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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Additionally, he said that he helps his LOs clean up their social media pages and sets up plans for them to be more active in marketing themselves.

Marketing 397
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Here are the 2022 HousingWire Vanguards!

Housing Wire

Each year, the HousingWire Vanguards represent an elite group of industry executives who are moving the housing market forward. Head of Neighborhood and Community Lending. Senior Executive Vice President, President of Residential Servicing and Correspondent Lending. Supreme Lending. Head of Home Lending.