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Planet Home Lending hires Doug Long to expand its retail branch network 

Housing Wire

Long, who brings more than 20 years of experience in the mortgage industry, will be responsible for building Planet’s retail networks and will also have a focus on product development, the company said. Its strategy has focused on acquisitions in both correspondent and retail channels.

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Reverse mortgage retail originations beat wholesale numbers in 2023

Housing Wire

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new data shows that the decline was not the same between the retail and wholesale channels of the business. The pullback in retail was not as severe as the one in wholesale.

Retail 418
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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 384
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Movement Mortgage to acquire top indie retail firm Mortgage Network

Housing Wire

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . We want to grow,” Casey Crawford , a former pro football player who founded distributed retail nonbank Movement in 2008, said in a statement to HousingWire.

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Jim Linnane tapped to lead retail mortgage lending at Flagstar

Housing Wire

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. “We’re excited to have him on board and look for positive developments with Jim at the helm of Flagstar’s distributed retail operation.”

Retail 378
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Union Home Mortgage promotes three to retail leadership positions

Housing Wire

The company announced on Wednesday that Bryan Wright will be the vice president of national sales and Cyndi Garza, the vice president of national business development, a new position created in the company. Meanwhile, Steve Runnels will hold the role of vice president of retail sales, east division.

Retail 366
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Guild appoints its first VP of diverse talent development

Housing Wire

Guild Mortgage announced on Thursday the appointment of Lamont Watson as the company’s first vice president of diverse talent development. Improving talent development processes, including mentorship and career advancement opportunities, will be a key priority to attract and retain diverse talent, the company said.