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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.

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Texana Bank to trim workforce in California

Housing Wire

Lauren Witherspoon, director of human resources, wrote: “Circumstances will force Texana Bank to conduct layoffs,” taking place Sept. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Employees on the technology, marketing and human resources teams are on the list.

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FoA cuts workforce amid company restructuring, market downturn

Housing Wire

The layoffs come amid a mortgage market downturn and a larger company restructuring, multiple current and former staffers told HousingWire. Mario Glover, a former business support analyst, was laid off during a video call with his manager and a rep from human resources on July 15, just three months after he started working at the lender.

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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.

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Guaranteed Rate’s Owning continues layoffs

Housing Wire

A total of 189 individuals have and will be impacted,” wrote Tammy Jetton, executive vice president of human resources at Guaranteed Rate, in a letter to EDD on April 18 reviewed by HousingWire. The list includes top executives, such as lending directors and vice presidents for credit and underwriting.

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Fix-and-flip lender Kiavi lays off 7% of employees

Housing Wire

Of the 39 employees laid off, 12 cuts hit the human resources team. Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . Employees will be terminated on Friday, July 15.

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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. In July, loanDepot appointed Darren Graeler as executive vice president and chief accounting officer.