Housing Wire

NOVEMBER 13, 2020

Offerpad also announced new hires on its executive team, appointing David Connelly as its new chief growth officer and Ben Aronovitch as its new chief legal officer. Kryczkowski brings experience with wholesale, correspondent and retail to her new position, and most recently, she worked at First Guaranty Mortgage Corp.,

Lending 468

Lending Mortgage Retail Legal 468

Housing Wire

MAY 6, 2024

has decided to grow its retail footprint organically by hiring origination teams from various competitors. Summit recently became involved in a legal battle with Movement over an alleged poaching scheme. After exiting the wholesale channel in February, top U.S. mortgage lender Fairway Independent Mortgage Corp.

Retail 448

Retail Loan Officers Lending Legal 448

Housing Wire

NOVEMBER 1, 2024

Commercial real estate agent: Commercial real estate agents specialize in transactions involving commercial properties, such as office buildings, retail stores, and industrial warehouses. citizen or legal resident and be 18 years of age or older. Brokers are often legally liable for the actions of agents working under them.

Real Estate 448

Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

OCTOBER 31, 2022

The acquisition includes four manufacturing facilities, 22 retail locations and transportation operations. These homes are sold by retail stores in New Mexico, Oklahoma and Texas. TrueNorth Capital Advisors served as the financial advisor and Polsinelli served as the legal advisor to Cavco for this transaction.

Retail 397

Retail Transportation Legal Sellers 397

Housing Wire

AUGUST 31, 2022

The bank resulting from the deal will offer mortgage lending and servicing, commercial and retail banking, and institutional banking. According to Inside Mortgage Finance estimates, Cornerstone, independently held, is a top-50 retail mortgage lender. was the financial advisor and Holland & Knight LLP the legal counsel.

Lending 370

Lending Retail Legal Loan Officers 370

Housing Wire

SEPTEMBER 23, 2024

San Diego-based Smartfi Home Loans , which is primarily active as a wholesale lender in the reverse mortgage space and is actively building a retail division that offers reverse mortgage products, has hired industry veteran Martin Lenoir as its new chief marketing officer. Lenoir left AAG in late 2023 and observed its acquisition from afar.

Marketing 448

Marketing Retail Advertising Loan Officers 448

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp.,

Retail 435

Retail Legal Buyers Mortgage 435

Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. Increasing the tone of the legal battle, Pennington filed a counterclaim against Movement requesting about $9.8 million in unpaid compensation.

Loan Officers 446

Loan Officers Legal Retail Finance 446

Housing Wire

SEPTEMBER 23, 2024

A spokesperson for CCM said the company “does not comment on legal matters.” Smith was an employee at the California-based retail lender LendUS , which she joined in November 2018. She alleges violations of the Age Discrimination in Employment Act, the state’s Human Relations Act and common law.

Mortgage 476

Mortgage Legal Loan Officers Retail 476

Housing Wire

FEBRUARY 26, 2025

These are some of the elements that Medina Cicak, chief commercial officer for Heartland Bank in Australia , and Keira Billot, the bank’s New Zealand -based general manager of retail and reverse mortgages, discussed in an interview with HousingWire s Reverse Mortgage Daily (RMD). But the pair appreciated the chance to engage with U.S.

Mortgage 335

Mortgage Government Development Business 335

Housing Wire

APRIL 24, 2023

In response, UWM said in its motion to dismiss the amended counterclaim that the ultimatum resulted from the fact that Rocket and Fairway “have eroded” the broker channel by converting customers from wholesale lines to retail lines. AML was not the first broker shop to enter a legal battle with UWM.

Legal 418

Legal Law Retail Brokerage 418

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. UWM on Thursday when filed a lawsuit in a U.S.

Contracts 468

Contracts Loan Officers Lending Retail 468

Housing Wire

MARCH 29, 2021

The announcement named Stacie Herron as KWx chief legal officer; Dave Smith as president of Keller Home Financial Services; TV Kumaresh as head of strategy planning and integration; and Paige Gorman as vice president of integration. retail bank and mortgage operations. Smith previously served as head of U.S.

Retail 435

Retail Insurance Legal Finance 435

Housing Wire

MARCH 6, 2023

A former employee is suing the companies, alleging they “abruptly terminated hundreds of its employees” without giving legally required 60-day advance notice as required by the Worker Adjustment and Retraining Notification Act ( WARN Act ). Illinois-based mortgage lender Celebrity Home Loans and its parent company Celebrity Financial, Inc.

Loan Officers 459

Loan Officers Retail Legal Lending 459

Housing Wire

MAY 8, 2024

Several departments were affected, including legal, secondary market and quality control. HousingWire reported in February that the lender and servicer restructured its distributed retail mortgage business, resulting in cuts to regional and divisional managers while reducing compensation for loan officers. above year-ago levels.

Loan Officers 448

Loan Officers Retail Legal Mortgage 448

Housing Wire

JUNE 29, 2023

and Delaware employees also transitioned to the retail competitor. That’s not the Orange County, California-based lender’s only poaching legal battle. Additional Maryland, Washington, D.C., In some cases, Movement offered a $125,000 signing bonus to loanDepot loan originators to come to the company, the lawsuit claims.

Retail 448

Retail Contracts Legal Business 448

Housing Wire

SEPTEMBER 11, 2023

His overarching duty remains to steer the bank’s mortgage operations into full alignment with both federal and state legal mandates. His responsibilities extend across retail and correspondent originations, operations, and loan servicing divisions within the bank.

Retail 418

Retail Legal Design Mortgage 418

Housing Wire

MARCH 19, 2024

The “All-In” addendum amended the 2018 broker agreement “by adding a warranty and representing that Atlantic Trust would not submit loans to select retail lenders (Rocket and Fairway), and if it did, such submissions would be a breach of the agreement,” UWM’s suit stated. district court in Michigan. UWM sued Kevron Investments Inc.,

Mortgage 445

Mortgage Law Legal Brokerage 445

Housing Wire

DECEMBER 15, 2023

South Carolina-based retail lender Movement Mortgage filed a lawsuit this week against Todd Scrima, founder and president at its competitor Summit Funding , accusing him of gaining illegal access to Movement’s confidential financial files and also scheming to divert Movement’s customers toward Summit.

Legal 448

Legal Loan Officers Retail Business 448

Housing Wire

OCTOBER 23, 2020

Just before its stock debuted at a disappointing $15 a share, Guild Mortgage settled a federal lawsuit that claimed the lender knowingly breached legal requirements when it originated and underwrote FHA loans. It did not admit to any wrongdoing. “We’re million, up from a $47 million loss in the first six months of 2019.

Mortgage 505

Mortgage Government Retail Lending 505

Housing Wire

FEBRUARY 18, 2025

HousingWire s Reverse Mortgage Daily (RMD) had a chance to meet up with Medina Cicak, Heartland Bank s chief commercial officer in Australia , and Keira Billot, the New Zealand -based general manager of retail and reverse mortgages. Why make the trip? Heartland complies with these guidelines, they explained. counterpart.

Contracts 293

Contracts Advertising Real Estate Agent Mortgage 293

GoForrmz

MARCH 16, 2022

Elevate your retail collaboration and productivity with these powerful data collection automations Retail teams are faced with the challenge of providing an excellent customer experience all while maintaining low operating costs. In order to save time and money, retail teams are switching to digital forms.

Retail 147

Retail Legal Business Technology 147

Housing Wire

MARCH 28, 2024

Department of Labor announced on Wednesday that they found that PrimeLending , a Texas-based retail mortgage bank, violated whistleblower provisions in a case involving two employees who raised consumer fraud concerns. Investigators at the U.S.

Human Resources 459

Human Resources Legal Fees Loan Officers Retail 459

Housing Wire

MAY 29, 2024

Richards spent about 10 years at Bank of America , where her last position was as senior vice president of national underwriting and retail fulfillment executive. That legal battle is still ongoing. Richards said in a prepared statement that this “commitment to social impact“ attracted her to the company.

Lending 431

Lending Loan Officers Retail Legal 431

Housing Wire

SEPTEMBER 2, 2022

SVP, Retail Lending Analytics Manager. SVP, Retail. VP, Legal and Compliance. Executive, Customer Experience. Huruy Yohannes. AmeriHome Mortgage. Jacob Gibbs. VP, Technology. Mortgage Coach. Jo Ellen Bergstrom. VP, Data Acquisitions. Joe Dombrowski. Senior Director of Product Management. John Aslanian. Chief Revenue Officer.

Retail 418

Retail Finance Realty Technology 418

Housing Wire

NOVEMBER 23, 2020

The report notes that widespread foreclosure moratoria in place do not apply to legally vacant or abandoned homes. Blomquist confirmed that “strong demand” for distressed properties is tied largely to the strength in the retail housing market, which in turn is tied largely to low mortgage rates. . “We

Buyers 533

Buyers Real Estate Investors Retail 533

Housing Wire

APRIL 4, 2023

The Consumer Financial Protection Bureau (CFPB) will appeal a redlining lawsuit it lost against the nonbank retail lender Townstone Financial Inc. and its founder Barry Sturner. The decision comes two months after Judge Franklin Valderrama in the U.S. ” The CFPB, which is seeking the review of the case in the U.S. .”

Advertising 418

Advertising Legal Retail Lending 418

Housing Wire

JUNE 7, 2021

Jason Gordon, AmTrust Title president, said Bozzomo is “ideal” for the role based on his experience with complex commercial transactions — including retail, office and multifamily. He was also a legal team member at Centex Corporation , a homebuilding company, and was general counsel for Centex Title & Insurance.

Insurance 370

Insurance Legal Retail Government 370

Housing Wire

JUNE 6, 2023

This latest stunt to lure loan officers back into retail and steer consumers away from brokers (…) ​​Rocket is hiring local loan officers to compete directly with mortgage brokers in the communities where brokers have been building their business for years,” Ishbia said. We have Rocket retail, and we compete,” Fawaz said.

Loan Officers 370

Loan Officers Mortgage Retail Real Estate Agent 370

Housing Wire

FEBRUARY 9, 2023

The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. The company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans.

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

JANUARY 10, 2024

According to the document, the award arises from “Defendants’ breaches of their employment agreements and violations of their other legal duties during their employment in Washington.” A spokesperson for CCM wrote that the company “does not comment on legal matters.”

Legal 448

Legal Lending Contracts Mortgage 448

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

Loan Officers 482

Loan Officers Clients Law Legal 482

Housing Wire

NOVEMBER 2, 2023

The move is part of a legal battle that started in September 2021 when Richards filed a lawsuit alleging the lender closed thousands of loans without proper documentation to boost its performance ahead of its initial public offering (IPO) on the New York Stock Exchange.

Contracts 435

Contracts Legal Retail Training 435

Housing Wire

MARCH 8, 2024

The lawsuit follows a legal battle that started after three of Movement’s veteran sales executives—Deran Pennington, Matt Schoolfield, and Chris Shelton — left for Summit in July 2023. Per the lawsuit, Scrima responded that the company and himself were legally compliant and rejected his proposal to discuss a three-month severance.

Legal 448

Legal Business Mortgage Retail 448

Housing Wire

FEBRUARY 5, 2024

million to acquire Residential Mortgage Services Holdings (RMS), a Maine-headquartered retail lender of which Seely was president and CEO. The letter, attached to the lawsuit and signed by Schmidt, states, “For the three years prior to the merger with Guild, RMS was consistently 20 to 23% of Guild’s retail volume.

Retail 448

Retail Contracts Loan Officers Mortgage 448

Boston Appraisal

MARCH 18, 2024

In legal disputes, the accurate valuation of real estate can be pivotal, making real estate appraisers key expert witnesses. Their specialized knowledge and objective analysis provide crucial evidence that can shed light on complex issues, shape legal strategies, and underpin strong case arguments.

Legal 148

Legal Real Estate Appraisal Valuation 148

Housing Wire

JUNE 2, 2022

CrossCountry Mortgage is suing Guild Mortgage for poaching a former Las Vegas branch manager and allegedly convincing her to steal proprietary information, the latest escalation in a brewing legal battle between the retail mortgage lenders.

Loan Officers 418

Loan Officers Retail Legal Clients 418