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Planet Home Lending Expands Southeast Presence

Appraisal Buzz

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.

Lending 394
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Increasing competition in private lending: How to stand out

Housing Wire

According to a recent report by Forbes, over half of all real estate investors are now turning to private lenders. 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

Lending 371
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Mortgage QC Software Firm ACES Adds 10 New Credit Union Clients

Appraisal Buzz

ACES Quality Management , which offers quality control software to the mortgage industry, reports that it recently added 10 new credit union clients to its roster. Among the new clients are State Employees Credit Union of North Carolina, Lake Michigan Credit Union and Arizona Financial Credit Union.

Clients 195
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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. The rising rate environment also had an impact on Northpointe’s origination in 2022.

Lending 391
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Dunmor adds to its business-purpose lending team

Housing Wire

Los Angeles -based Dunmor , a technology -enabled lender that specializes in loans for residential real estate investors , has added a pair of experienced executives in the business-purpose lending space.

Lending 330
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SFR and fix-and-flip investors expect a better market in 2024

Housing Wire

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We That should help to unlock more inventory while also reducing financing costs for leveraged investors. million households formed each year.”

Investors 478
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How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We would feed them leads, but they came back to us because they didn’t know how to structure the full document deals,” Jay Voorhees, co-founder at JVM Lending, said in an interview with HousingWire. I thought it was sparse.

Lending 410