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How InstaMortgage convinced top broker shop to jump to retail

Housing Wire

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. That means that they get more product options.

Retail 388
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Veteran sales executives part ways with Movement

Housing Wire

Movement, which focuses on the distributed retail channel, was the 15th largest U.S. HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department. The company originated $4.1

Retail 370
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These mortgage lenders have cut jobs in 2022

Housing Wire

As of May 27, Iowa Workforce Development lists 49 layoffs at the Wells Fargo campuses in Des Moines and 34 employee reductions in West Des Moine. Layoffs included 17 associate loan servicing representatives and eight loan servicing representatives as well as senior operations processors and senior loan servicing representatives.

Mortgage 417
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These mortgage lenders are making major job cuts as production plummets

Housing Wire

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. According to the tech mortgage platform Modex, Prosperity originated $11.2

Mortgage 368
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? If buyers cannot get insurance or it is very expensive, it will affect value.

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Announcing the 2023 Class of Rising Stars!

Housing Wire

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

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PRMG’s John Ashley on cybersecurity and privacy

Housing Wire

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.