Legal Loan Officers Retail Technology 
Housing Wire
NOVEMBER 10, 2022
Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . The transaction, confirmed by the companies, is a step to boost Movement’s presence on the East Coast amid shrinking loan origination volumes.
Housing Wire
MARCH 30, 2023
New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc. Severance will also be provided according to legal requirements. In 2022, Mike Cagney ‘s Figure Technologies struck a deal to acquire Homebridge.
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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 company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans.
Housing Wire
APRIL 3, 2024
The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As Your technology has to be fantastic every day.
Housing Wire
NOVEMBER 23, 2022
Illinois-based Interfirst Mortgage , legally known as Chicago Mortgage Solutions LLC , issued pink slips to employees this month amid forecasts that housing sales are expected to slump even more next year than 2022. It was last year that the company raised $175 million , led by StoicLane, to fund new technologies.
Housing Wire
FEBRUARY 16, 2022
HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.
Housing Wire
AUGUST 31, 2022
Looking again at data from MBA’s Quarterly Performance Report, loans closed per production employee [1] per month (in the retail and consumer direct channels combined) ranged from 1.3 Now, lenders are in a position in which they must reduce their workforces, or risk a plummet in productivity or worse, profitability.
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