Housing Wire
DECEMBER 21, 2023
. “This action is a partial reduction in the company’s workforce at the site above; the company intends to continue operations at this site; this action is expected to be permanent,” Lisa Herrmann, assistant vice president of human resources at Dovenmuehle, wrote in the document sent on Dec.
Housing Wire
JULY 14, 2022
Non-QM lender Kiavi , which specializes in fix-and-flip and investor loans, has laid off 39 employees, sources told HousingWire on Thursday. Because we are in the hard money space, we don’t have a lot of investors willing to buy our assets because of the rate hikes, is what our CEO told us.”.
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Housing Wire
JUNE 28, 2022
Roughly a year ago, the Austin-based fintech began to sell its loans to First Guaranty Mortgage Corporation (FGMC), a lender and investor that specializes in non-qualified mortgage loans and is controlled by behemoth investment management firm Pacific Investment Management Company (PIMCO). . We’ll probably sell to another investor.
Housing Wire
FEBRUARY 2, 2024
Compensation According to a letter the DKMC human resources department sent in late January to sales staff that declined to join NAF, originators will receive compensation for any products funded within 30 days. Early payoff (EPO) fees serve as a means for investors to recoup a portion of their initially projected returns.
Housing Wire
AUGUST 8, 2023
A few months later, the company said four top executives would depart , including CFO Patrick Flanagan , Chief Accounting Officer Nicole Carrillo, Chief Human Resources Officer Kevin Tackaberry and LDI Digital President Zeenat Sidi. Total revenues increased to $271.8 million in the second quarter, up from $207.9 million in Q1 2023.
Housing Wire
APRIL 22, 2022
For investors, a warning: it means that profitability will take some time to achieve. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. on April 20.
Housing Wire
AUGUST 11, 2020
As senior vice president for enterprise operations and a member of Freddie Mac’s senior operating committee, it was her responsibility to figure out how to ensure uninterrupted work with investors, lenders, multifamily property owners and homeowners if business as usual was thrown off track.
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