Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. The Regulation Z loan originator compensation rule does not govern this issue.

Loan Officers 406

Loan Officers Human Resources Law Mortgage 406

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). Also participating in the funding included prior investors Baseline Ventures , Richard Branson’s Virgin Group , and MANTIS , according to the company’s previous release.

Loan Officers 395

Loan Officers Mortgage Finance Lending 395

Housing Wire

FEBRUARY 9, 2023

The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement.

Mortgage 369

Mortgage Retail Loan Officers Lending 369

Housing Wire

FEBRUARY 13, 2023

The stock car team is also accusing EPM of breaching the contract by failing to make more than $4 million in sponsorship payments following a “margin call” from its investors. Darren Heitner, JIM’s attorney and founder at Heitner Legal , P.L.L.C, It’s mostly known for wholesale lending.

Legal 341

Legal Contracts Lending Loan Officers 341

Housing Wire

JANUARY 19, 2023

The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans.

Mortgage 395

Mortgage Investors Legal Loan Officers 395

Housing Wire

NOVEMBER 23, 2022

While it is true that many nonbanks entered this downturn with a large war chest of cash and capital, this is more than offset by the impact of warehouse and investor covenants, which are causing lenders to move expeditiously to cut costs,” Jim Cameron, Stratmor Group ’s senior partner, wrote in a report published this week. “In

Marketing 380

Marketing Loan Officers Business Mortgage 380

Housing Wire

JANUARY 5, 2023

Loan America, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders. Typically, the company does not hold such loans for more than two weeks, instead selling them to a group of investors – including Sprout Mortgage.

Insurance 425

Insurance Loan Officers Mortgage Business 425