Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. “Rocket went public and the times have changed. Saleh said he left Rocket in “amicable fashion.”

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Housing Wire

AUGUST 29, 2023

A group of banks in Kentucky is seeking to block the implementation and enforcement of the Consumer Financial Protection Bureau (CFPB)’s small business lending rule , the latest in a series of challenges brought by parties including legislators and industry groups.

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Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

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Lending Clients Business Real Estate 476

Housing Wire

JULY 2, 2024

Patrice Ficklin, who has served at the Consumer Financial Protection Bureau (CFPB) since the agency’s founding in 2011, will depart for Fannie Mae to serve as the government-sponsored enterprise’s fair lending officer. CFPB Director Rohit Chopra praised Ficklin’s fair lending work in a statement published by American Banker.

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Lending Human Resources Law Government 429

Housing Wire

SEPTEMBER 30, 2024

The rise of private lending Private lenders disrupted the monopoly of traditional banks and the private lending market has since seen a remarkable rise, reaching $1.5 With the rise of private lending comes an increase in competition, from new and traditional lenders.

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Lending Technology Client Relationships Tools 396

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

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Lending Design Tools Loan Officers 424

Appraisal Buzz

JUNE 20, 2024

Planet Home Lending Area Sales Manager Tom Reber National mortgage lender and servicer Planet Home Lending has hired Tom Reber as Area Sales Manager in Jacksonville, Florida. I am excited to join Planet Home Lending and lead our expansion in North Florida and Southern Georgia,” Reber said.

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Lending Loan Officers Retail Finance 395

Appraisal Buzz

AUGUST 13, 2021

With eight years of experience at Planet Home, Samantha Manfer will lead the marketing and branding efforts for the firm’s six business channels. The post Planet Home Lending Promotes Manfer to Head Up Business Development appeared first on theMReport.com.

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Development Lending Business Appraisal 370

Housing Wire

JUNE 25, 2024

Anaheim, California -based nonbank Change Lending on Tuesday announced the hiring of Madison Simm as its new chief financial officer. He comes to Change Lending after a stint as president of real estate at Texas Capital Bank. I am thrilled to join Change Lending as CFO,” Simm said. Department of the Treasury since 2018.

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Lending Renovations Real Estate Investors 351

Housing Wire

MAY 21, 2024

Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. At Home Point, he restructured IT services, paving the way for productivity increases, cost reductions and increased business profitability.

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Lending Technology Business Finance 416

Housing Wire

DECEMBER 9, 2022

Bank has decided to close the wholesale mortgage businesses it inherited in the acquisition of California-based MUFG Union Bank , the company confirmed on Friday. . This is a business that U.S. Bank exited a few years ago to focus on customer relationships in core lending categories,” a spokesperson for U.S. year over year.

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Lending Business Retail Finance 389

Appraisal Buzz

AUGUST 29, 2024

Key Findings: Improvements in all main residential loan categories—particularly for home purchase—led to an increase in total lending. Purchase loans were followed by refinance packages and home equity lending. A similar trend occurred last Spring, with lending dropping off significantly later in the year. billion in Q2 of 2023.

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Lending Mortgage Buyers Housing Market 341

Appraisal Buzz

NOVEMBER 18, 2024

Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending. Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. million in loan volume per loan officer, according to data from Modex.

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Retail Lending Loan Officers Realtors 195

Housing Wire

MAY 24, 2024

Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank is a consumer and business banking company owned by US Bancorp. John Hummel Prior to joining U.S. Founded in 1863, U.S.

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Retail Lending Loan Officers Finance 419

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

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Lending Mortgage Technology Tools 420

Housing Wire

JANUARY 22, 2021

Another one would be home lending. The post Chase sees huge digital adoption in home lending business appeared first on HousingWire. And pre-COVID, that was 30% – that’s 10 percentage points movement during the COVID period. And so it was happening before the pandemic.

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Lending Business Tools Technology 476

Housing Wire

MARCH 7, 2024

Connecticut-headquartered mortgage servicer and lender Planet Home Lending has hired Doug Long as senior vice president and divisional sales manager. As the 12th-largest mortgage lender , Planet Home Lending posted an origination volume of $25 billion in 2023, a 5.3% decline from 2022, according to Inside Mortgage Finance.

Retail 445

Retail Lending Renovations Construction 445

Housing Wire

FEBRUARY 21, 2023

Following the closing of the [deal], FAM will no longer operate in the business of originating business purpose loans to residential real estate investors. FOA announced its intention to exit the forward mortgage originations business in late 2022 by winding down the operations of Finance of America Mortgage.

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Business Lending Finance Real Estate 355

Housing Wire

JULY 10, 2024

The complexities of Non-QM lending demand a strategic approach that combines innovation, efficiency, and resilience. Acra Lending has positioned itself at the forefront of this sector by investing in its workforce, optimizing processes, leveraging cutting-edge technology, and building a robust infrastructure. Craig Timmins.:

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Lending Technology Training Investing 407

Housing Wire

FEBRUARY 13, 2024

Gregory Meola, managing director, head of business development & strategy, Acra Lending Rather than formulaic QM lending, non-QM lending can be more complex. HousingWire: What are the unique complexities of non-QM lending as compared to QM loans?

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Lending Technology Development Business 375

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. It is also turning Acra’s business into a technology-first one, the statement said.

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Lending Technology Design Investors 422

Housing Wire

NOVEMBER 13, 2024

In today’s challenging market, higher interest rates and home values have created a unique opportunity for lenders to grow their home equity lending business. Leveraging credible and reliable AVMs, combined with a thorough PCR, can provide lenders an edge when competing for home equity business.

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Valuation Lending Renovations Appraisal 363

Housing Wire

AUGUST 15, 2022

In the face of a declining mortgage market and heightened regulatory scrutiny, Wells Fargo , the country’s largest depository mortgage lender by volume, is planning for a smaller footprint in correspondent lending and third-party servicing business. Servicing rights is treated as an asset by banks that generates revenue.

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Lending Business Finance Retail 370

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. Households and businesses find it more difficult and costly to borrow, which tends to limit demand for goods and services. branches and agencies of foreign banks.

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Lending Mortgage Loan Officers Government 482

Housing Wire

OCTOBER 30, 2024

A new episode of “The Loan Officer Podcast” aims to teach mortgage originators how to leverage tools and grow their businesses. Host Dustin Owen and Lauren Walton, a senior loan officer at Lower -backed Gerber Group, sit down to teach viewers how to move from the call-center model to retail lending as a top-ranked and self-sourced originator.

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Development Business Loan Officers Retail 421

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending. She absolutely checked all the boxes for us.

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Lending Mortgage Training Business 408

Housing Wire

NOVEMBER 4, 2024

loanDepot has signed a new joint venture agreement with Smith Douglas Homes , a top-50 homebuilder with a solid book of business in the Southern states. Smith Douglas Homes sold 2,297 homes in 2023. loanDepot has a variety of partnerships with homebuilders across the country.

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Business Mortgage Retail Construction 286

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

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Lending Renovations Legal Real Estate 433

Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. The profitable lending business has more than a 50% contribution margin, he said in a meeting.

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Lending Valuation Technology Retail 444

Housing Wire

JANUARY 23, 2024

Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. API-centric and based on consumer data models, our platform focuses on innovation, automation, and business transformation.

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Lending Architecture Loan Officers Tools 330

Appraisal Buzz

AUGUST 21, 2024

Incenter Lending-in-a-Box President Ralph Armenta Ralph Armenta has joined Incenter Lender Services as President, Lending-in-a-Box. These will be offered through Incenter’s digital Lending-in-a-Box platform on a “plug and play” basis—helping clients start building a new revenue stream, with marketing support.

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Lending Clients Finance Investing 222

Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. Market indicators so far appear tentatively promising. 16 in the most recent rankings.

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Lending Inventory Mortgage Finance 485

Housing Wire

JULY 25, 2024

Mr. Cooper has opportunistically acquired business to grow its servicing portfolio, which reached $1.206 trillion in the second quarter of 2024, according to Securities and Exchange Commission (SEC) filings. Flagstar’s TPO business is largely correspondent, though it does also work with mortgage brokers.

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Business Retail Contracts Mortgage 493

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

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Lending Technology Loan Officers Clients 457

Appraisal Buzz

JUNE 26, 2024

elementor-widget-text-editor.elementor-drop-cap-letter{display:inline-block} loanDepot Managing Director of Mortgage Lending Operations Viviana Abarca loanDepot Inc. Viviana is a consummate professional with an exceptional ability to achieve challenging objectives in all business cycles. elementor – v3.22.0 – 17-06-2024 */.elementor-widget-text-editor.elementor-drop-cap-view-stacked.elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.ele

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Lending Mortgage Investing Business 222

Housing Wire

OCTOBER 17, 2022

The Howard County Food Bank in Columbia, Maryland, gained valuable volunteers and donations from Planet Home Lending as the organization partnered with Farmlink to deliver farm-fresh produce to the food bank. HOUSINGWIRE: What inspired Planet Home Lending to get connected with Farmlink and the Howard Country Food Bank?

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Lending Development Business Mortgage 440

Housing Wire

JULY 6, 2022

As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. One of the biggest reasons home sales crashed from their peak in 2005 was that the credit available to facilitate that boom in lending simply collapsed. The short (and long) answer is no, not a chance.

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Lending Mortgage Business Inventory 501