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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Donovan Stamps, a 27-year mortgage veteran with stints at Stearns Lending , SoFi Mortgage , First Guaranty Mortgage Corp. The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.

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Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

PMG offers platforms for human resources, finance, technology , legal and compliance services to its group of lenders. In 2022 , it added Lone Peak Lending. Additionally, there are no property location or census tract constraints, making the program accessible within PMG’s nationwide footprint.

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Freddie Mac names chief diversity and inclusion officer

Housing Wire

Chambliss will take over for Dionne Wallace Oakley, who has been balancing the diversity and inclusion role as well as her duties as chief human resources officer since August 2021. Chambliss is currently the deputy general counsel for mission and anti-predatory lending at the enterprise.

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Fix-and-flip lender Kiavi lays off 7% of employees

Housing Wire

Of the 39 employees laid off, 12 cuts hit the human resources team. Cuts also hit operations, risk and compliance, legal, finance, business operations and marketing teams, according to a presentation held on Wednesday afternoon. . Employees will be terminated on Friday, July 15. .

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Top-producing Draper and Kramer LOs spurn NAF

Housing Wire

The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. At least one top-producing DKMC loan officer who did not join NAF intends to explore legal options on the basis of his state’s employee laws, HousingWire has learned.

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How Blend plans to survive a shrinking mortgage market 

Housing Wire

” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development. . “The refinance volume, in particular, is expected to be down 60% to 70% from last year’s volumes.”

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Ex-employee sues CrossCountry, branch manager for sexual harassment, retaliation

Housing Wire

A former CrossCountry Mortgage employee accused her immediate superior at a branch in Georgia of sexual harassment and said the mortgage company retaliated against her after she lodged complaints with the human resources department and federal authorities.