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Origins: When a reverse mortgage saved a client from bankruptcy

Housing Wire

After initially entering the mortgage business in 2003 following a career change from accounting, Rick Rodriguez was reading a book about mortgages that included a chapter on the reverse mortgage product. This led him to an experience that convinced him that the product had a place in the wider mortgage ecosystem.

Clients 308
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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

mortgage after serving in the role since December. Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support. Brad Wayman.

Retail 469
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United Wholesale Mortgage plans $16B public debut via acquisition

Housing Wire

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. UWM’s move into the public markets follows that of rival Rocket Companies , the country’s largest mortgage lender by volume.

Mortgage 542
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Mortgage industry grieves death of Regina Lowrie, the MBA’s first female chair

Housing Wire

Regina Lowrie, the first female chair of the Mortgage Bankers Association , died suddenly on Jan. Regina Lowrie, the first female chair of the Mortgage Bankers Association. In 2003, Lowrie accepted her nomination to serve on the MBA leadership ladder — initially serving as MBA vice chair. She was 68.

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Sales Boomerang’s automatic borrower intelligence system works to boost its clients’ customer retention

Housing Wire

Sales Boomerang solve this problem by helping banks, credit unions and independent mortgage lenders build lasting, profitable relationships with their borrowers. Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin.

Clients 323
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Valligent integrates with Encompass by ICE Mortgage Technology

Housing Wire

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass.

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JPMorgan Chase adds exec to correspondent team

Housing Wire

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm.

Retail 339