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Another lender settles redlining accusations with DOJ

Housing Wire

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 435
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Interfirst Mortgage raises $175 million

Housing Wire

It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. The team co-founded several businesses, such as the fintech Enova, real estate investment trusts (REIT) Pangea Properties and New Lake , and the online lending company Avant.

Mortgage 421
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Homestar names Gurp Bhandal EVP of national production

Housing Wire

Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi. Other members include Jeff Waggoner, who joined in 2004 and currently leads over 158 employees, including 92 MLOs in 41 branch locations.

Retail 434
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Cherry Creek Mortgage Promotes Nicole McCrary to VP of Compliance

Appraisal Buzz

She joined Cherry Creek Mortgage in 2004 as a loan officer assistant. In her new role, McCrary will oversee quality control risks, consumer complaints and fair lending. She was previously assistant vice president of quality control. Since then, she has advanced into processing, customer support and compliance roles.

Mortgage 195
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Lenders, reach more buyers with new credit optimization platform

Housing Wire

Mike Darne, CreditXpert Mike Darne: The What-if Simulator was first introduced to the market in 2004 and it allowed credit specialists to optimize a borrower’s credit score at the tradeline level. HW: CreditXpert has been in the industry since the early 2000s with tools like Wayfinder and What-if Simulator, why introduce a new platform now?

Buyers 459
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Movoto Mic Episode 4: Jerimiah Taylor on building a successful multi-discipline real estate career

Movoto

For these mortgage banks and mortgage brokers to be able to keep lending money over and over, right? So like, if we think about the local level, you’ve got a lot of agents and loan officers working together, maybe not as much on the national level. I can give the borrower a better deal as their loan officer.