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Legend Lending chief innovation officer on digitization and the importance of a human element in lending

Housing Wire

HousingWire reached out to 2019 HW Insiders honoree Jemma Pachiano , chief innovation officer at Legend Lending. HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. In April of 2022, the retail division of Mid America Mortgage, Inc.

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Legend Lending chief innovation officer on digitization and the importance of a human element in lending

Housing Wire

HousingWire reached out to 2019 HW Insiders honoree Jemma Pachiano , chief inspiration officer at Legend Lending. HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. In April of 2022, the retail division of Mid America Mortgage, Inc.

Lending 320
Insiders

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With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

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What mortgage lenders need to know about wholesale

Housing Wire

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 357
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As the housing market bottoms out, educating the future mortgage pro becomes paramount

Housing Wire

Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. The initial 30 days establish a foundational understanding of mortgage lending concepts.

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Interfirst to lay off 140 employees

Housing Wire

The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Presented by: Acra Lending. Godin relaunched the business in late 2019 as a lender focused on both wholesale and retail channels. The workforce reduction is also focused on mortgage loan production.

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United Wholesale Mortgage’s Blink+ tool includes an LOS, POS and CRM all in one package

Housing Wire

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. This allows UWM to build our own technology and deploy faster rather than rely on other vendors and continues to level the playing field for mortgage brokers.”.

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