Insurance Lending Loan Officers Retail 
Housing Wire
MARCH 16, 2022
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.
Housing Wire
FEBRUARY 15, 2024
The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending.
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Housing Wire
JANUARY 2, 2024
However, two former employees said the company communicated it’s shutting down its mortgage lending business. “They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” Purchases comprised about 66%, conventional loans were 45% and 95% were banked loans.
Housing Wire
OCTOBER 12, 2021
At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.
Housing Wire
AUGUST 14, 2023
Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.
Housing Wire
JULY 12, 2023
Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. Movement, which focuses on the distributed retail channel, was the 15th largest U.S. division, to Summit. The company originated $4.1
Housing Wire
JUNE 6, 2022
Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.
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