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Increased need for a compliance-driven insurance servicing solution

Housing Wire

With multiple organizations – such as the Consumer Finance Protection Bureau (CFPB), Fannie Mae, FEMA, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and others – guiding these regulations and outlining protocols, it is necessary but challenging to maintain compliance.

Insurance 370
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Former Fannie Mae chief named as CEO of Silicon Valley Bank N.A.

Housing Wire

The Federal Deposit Insurance Corporation (FDIC) has named former Fannie Mae CEO and Blend president Tim Mayopoulos as CEO of Silicon Valley Bank N.A. , After being promoted to CEO in 2012, Mayopoulos returned Fannie Mae to profitability, delivering more than $167 billion in dividends to the U.S.

Insurance 397
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Interfirst Mortgage raises $175 million

Housing Wire

has raised $175 million to accelerate growth and fund new technologies , just 16 months after relaunching its operations. billion in 2012 to $2 billion in 2016. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. Chicago-based mortgage originator Interfirst Mortgage Co.

Mortgage 428
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Blend places its bets on ‘composable origination’ tech

Housing Wire

Available in its Blend Builder Platform, users can build their own origination products, leverage integrations, and use modular blocks to resolve the complexity of an existing technology infrastructure, the company said in an announcement about the launch on Tuesday. Founded in 2012, Blend went public in 2021.

Insurance 397
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Facing heat, Douglas Elliman CEO Howard Lorber is retiring

Housing Wire

Liebowitz previously founded and led businesses in the insurance and finance sectors. He is currently the chairman and CEO of Nocopi Technologies Inc. , Taking the helm from Lorber is Michael Liebowitz, the firm’s board director, who will now serve as chairman and CEO. based producer of printing ink.

Brokerage 408
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Mr. Cooper settles $90M lawsuit over illegal foreclosures

Housing Wire

2012 and Jan. “Since then, we have continued to invest in technology, people, and leadership to ensure that our compliance and risk management programs not only meet our regulators’ expectations but also support sustainable growth and maintain our position as an industry leader.” ” Bray further said Mr.

Law 537
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Blend is now worth $4.6B. Now what?

Housing Wire

” Blend’s white-label technology is what powers mortgage applications on the website of traditional banks such as Wells Fargo and U.S. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal). Blend also has some big competition to worry about.

Insurance 397