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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. Voyles will be responsible for growing the retail division overseeing sales, operations and marketing as well as building on the existing framework, the company said Wednesday.

Retail 381
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Top LO Tim Potempa joins E Mortgage Capital

Housing Wire

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. Right now, we have 200 different investors.” million. .

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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 414
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Blue Sage Solutions launches digital servicing platform

Housing Wire

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Through Blue Sage DSP, lenders will be able to close loan transfers, process individual and batch payments, onboard loans as well as collect payments, the company said.

Retail 407
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US Mortgage Corporation committed to reverse channel, new HECM head says

Housing Wire

Investor interest, product offerings When asked about investor interest, Krajewski said that partners are eager about the prospect of more companies entering the reverse mortgage business — especially firms that are well known to them. One of our goals is building out a retail sales team, which is really important to us.

Mortgage 370
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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.

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What’s in store for non-QM in 2024?

Housing Wire

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. with 85% owned by individual investors and LLCs based on 2021 U.S. The reasons for the success of non-QM lies partly in the composition of borrowers.

Investors 434