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Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders.

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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. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

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Texana Bank to trim workforce in California

Housing Wire

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. Employees on the technology, marketing and human resources teams are on the list. As the U.S.

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Announcing the 2022 Women of Influence

Housing Wire

ICE Mortgage Technology. Draper and Kramer Mortgage. Senior Vice President and Chief Human Resources Officer. RoundPoint Mortgage Servicing Corporation. RoundPoint Mortgage Servicing Corporation. Chief Lending Officer. Atlantic Bay Mortgage Group. Freedom Mortgage. Mortgage Coach.

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Here are the 2022 HousingWire Vanguards!

Housing Wire

Head of Neighborhood and Community Lending. Gold Star Mortgage Financial Group. Managing Director and Global Head of Mortgage Services. Built Technologies. Mortgage Champions. Sales Boomerang and Mortgage Coach. Chief Technology Officer. Freedom Mortgage. United Wholesale Mortgage.

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These mortgage lenders have cut jobs in 2022

Housing Wire

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

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How Blend plans to survive a shrinking mortgage market 

Housing Wire

Nima Ghamsari, CEO and founder of mortgage fintech Blend Labs. 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. ” In 2021, Blend processed more than 1.8

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