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.

Retail 390

Retail Loan Officers Brokerage Technology 390

Housing Wire

JANUARY 10, 2024

Blue Sage Solutions’s primary product offering is a cloud-based digital lending platform designed to operate in the retail, wholesale, and correspondent lending channels while ensuring compliance. Additionally, the platform is accessible to all users, regardless of their current loan origination software.

Retail 385

Retail Lending Design Technology 385

Housing Wire

APRIL 30, 2024

If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 383

Retail Loan Officers Lending Mortgage 383

Housing Wire

MARCH 27, 2024

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. to take its lending division, LendCo , public. The following year, CMG acquired Homebridge’s retail assets.

Technology 413

Technology Lending Retail Investors 413

Housing Wire

FEBRUARY 15, 2024

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. So we’ll look for him to leverage his relationships into access to investors. portfolio of more than 150 retail centers. “We Shant has an incredible network.

Realty 356

Realty Loan Officers Retail Real Estate 356

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). Liquidity had dried up and bond investors, which underpin the non-QM market, were running for the hills. Citadel resumed non-QM lending in the summer. The change is effective Monday. “We

Lending 340

Lending Investing Business Retail 340

Housing Wire

MARCH 3, 2022

Finance of America Companies on Wednesday told investors that it managed to increase in originations in 2021, but a more competitive landscape reduced margins and, consequently, the company’s net income. Cook said margins are declining because the company is originating more through the wholesale channel than the retail division.

Finance 378

Finance Investors Mortgage Home Improvement 378

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

Lending 461

Lending Mortgage Technology Business 461

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. We are hearing from everyone interested in getting us on board.

Mortgage 333

Mortgage Loan Officers Investors Business 333

Housing Wire

JULY 19, 2023

She was the primary contact between Go Mortgage and its institutional lenders, investors and securitization counterparts. Go Mortgage, licensed in 44 states, originates in both the retail and wholesale channels. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 361

Mortgage Marketing Retail Construction 361

Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Lake did not elaborate, and representatives for the retail bank did not immediately respond to HousingWire’s requests for comment.

Business 425

Business Mortgage Retail Lending 425

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 356

Mortgage Retail Loan Officers Lending 356

Housing Wire

APRIL 4, 2023

million in a seed round, the Miami-based cryptocurrency lending platform announced on Tuesday that it launched a product that allows investors in Bitcoin, Ethereum and USDC to use their assets to secure funding for real estate purchases. “The use case for crypto has to go beyond investment potential. Six months after raising $3.5

Mortgage 364

Mortgage Investors Retail Investing 364

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. AFR offers agency, nonagency and government lending products. The financials of the deal were not disclosed.

Lending 360

Lending Renovations Construction Finance 360

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 357

Mortgage Loan Officers Lending Retail 357

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

Investors 412

Investors Real Estate Lending Loan Officers 412

Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. Through its origination business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs). Bankruptcy Court for Delaware.

Mortgage 370

Mortgage Retail Business Lending 370

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 440

Technology Development Real Estate Realty 440

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. Together, we’re going to continue to create a better mortgage experience for our clients and referral partners.”

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

DECEMBER 7, 2023

Clayton Collins, CEO, HousingWire Watch Now CEO Playbook: NewRez President Baron Silverstein Speakers: Baron Silverstein, CEO, NewRez Sarah Wheeler, Editor in Chief, HousingWire Watch Now PENNYMAC: building B2B channels to a leadership position Speakers: Kim Nichols, Managing Director, Pennymac TPO Brena Nath, HW+ & Events Director, HousingWire (..)

Modernization 385

Modernization Retail Valuation Insurance 385

Housing Wire

DECEMBER 1, 2022

Wells Fargo , the largest depository mortgage lender in America, cut hundreds of home lending jobs across the country on Thursday. The retail channel, at $12.4 The company declined to state how many jobs were shed on Thursday. The correspondent channel , which the company is reportedly shrinking, was responsible for $9.1

Mortgage 421

Mortgage Lending Retail Business 421

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. We had a great discussion!

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. It just has not gone well.”.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

AUGUST 1, 2023

To gain insight into how Rocket plans to strengthen its local presence to capture purchase volume, HousingWire spoke to more than a dozen former Rocket employees, current retail loan officers and mortgage brokers who have been contacted by Rocket recruiters to join its local initiative. So this isn’t brand new,” Kidwell noted.

Loan Officers 364

Loan Officers Retail Real Estate Agent Real Estate 364

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

Modernization 341

Modernization Mortgage Lending Investors 341

Housing Wire

SEPTEMBER 11, 2023

Target buyers for Cliffco include non-traditional buyers seeking investor loans. Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products.

Loan Officers 388

Loan Officers Agents Retail Technology 388

Housing Wire

OCTOBER 13, 2020

In a presentation to investors, the Jamie Dimon-led bank said it had originated $29 billion in residential mortgages in the third quarter, up 20% from the second quarter. billion in revenue from its home lending division in the third quarter, according to the investor presentation. billion in Q3 2019). 30 had a total of $28.5

Business 397

Business Mortgage Retail Investors 397

Housing Wire

SEPTEMBER 10, 2021

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud. Presented by: First American Data & Analytics.

Lending 458

Lending Housing Market Retail Mortgage 458

Housing Wire

APRIL 30, 2021

New GSE guideline updates to Fannie Mae and Freddie Mac forces them to cap the amount of second home and investor properties delivered at 7%. That’s the view taken by Keith Lind, executive chairman and president of Acra Lending. This means a meaningful amount of supply will have to come to non-QM sector.

Investors 409

Investors Investing Clients Retail 409

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011.

Mortgage 313

Mortgage Investors Investing Technology 313

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. We need to have footprint outside of [California].

Marketing 358

Marketing Retail Lending Mortgage 358

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

OCTOBER 13, 2020

End-to-end lending and services platform Finance of America Capital is the latest mortgage company to get in on the mushrooming IPO craze. Finance of America operates through retail, wholesale and correspondent channels. billion valuation. billion valuation. It does much of its business on the West Coast.

Finance 488

Finance Lending Retail Investing 488

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

Mortgage 386

Mortgage Lending Finance Retail 386

Housing Wire

OCTOBER 23, 2020

” “Guild remains confident in the compliance processes it has in place for FHA- related mortgage lending and other mortgage lending activities and maintains its position that the claims asserted were without merit,” said Mary Ann McGarry, Guild’s CEO. million shares of Class A stock, priced between $17 and $19.

Mortgage 491

Mortgage Government Retail Lending 491

Housing Wire

NOVEMBER 23, 2021

Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Chicago-based Interfirst Mortgage Co.

Mortgage 375

Mortgage Loan Officers Retail Technology 375

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

Mortgage 379

Mortgage Retail Finance Investors 379