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How EPM plans to win in the TPO channel after exiting retail

Housing Wire

The Atlanta-based lender has fully exited the retail channel, a change in strategy the company has been preparing for over the past few months. EPM’s CEO Eddy Perez had previously shared plans with HousingWire to double down on wholesale while scaling down its retail footprint. It’s all about the consumer. EPM originated $1.05

Retail 392
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CMG acquires Homebridge’s retail assets 

Housing Wire

struck a deal to acquire the retail division of Homebridge Financial Services , the companies announced on Monday. CMG Mortgage, which claims it originated more than $19 billion in 2022, said the M&A deal seeks to increase its footprint on the retail lending business. California-based CMG Mortgage, Inc.

Retail 386
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Flagstar Bank makes big cuts to retail mortgage operation

Housing Wire

Two months after receiving the Federal Reserve ’s approval to merge with New York Community Bank, Michigan-based Flagstar Bank is reducing its footprint in the retail channel and laying off hundreds of staffers, according to laid off employees. “I The company offered severance payments based on tenure and job position.

Mortgage 460
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EPM doubles down on wholesale channel, reduces retail footprint

Housing Wire

This has resulted in the company closing branches and laying off loan officers on the retail side. “We still have retail, but we do believe that wholesale has the longest runway of growth and opportunity for us.” “Wholesale is growing. It’s a shift that is happening in the market.

Retail 368
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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. Voyles will be responsible for growing the retail division overseeing sales, operations and marketing as well as building on the existing framework, the company said Wednesday.

Mortgage 371
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Guaranty Home Mortgage opens new retail branches in Tennessee

Housing Wire

Guaranty Home Mortgage Corporation (GHMC) on Monday announced its expansion with three new licensed retail branches in Tennessee. In January, GHMC hired Andy Voyles as its executive vice president and director of retail lending. The new branches are located in Brentwood, Lebanon and Chattanooga.

Mortgage 402
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Guild acquires small retail lender Legacy Mortgage

Housing Wire

The company has 39 active loan officers across its retail branches, according to Modex data. The distributed retailer’s volume slipped to $2.7 As the origination market has rapidly shifted to purchase and profitability has fallen sharply, we think more lenders could look to acquire mid-sized distributed retail business.

Mortgage 388