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Union Home Mortgage adds two executive leaders

Housing Wire

Ohio -based UHM promoted Brian Smith to chief operating officer of retail lending and hired David Alonzo as its chief technology officer. After branching out into executive coaching and training, he founded UHM’s in-house training program, Partners Coaching Partners.

Mortgage 221
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With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

Retail 370
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MBA teams with Cleveland State University on mortgage banking education program

Housing Wire

I wanted a way to integrate [students] with these companies to be able to learn about the field and be trained properly to have entry-level jobs, Hoffman said. The announcement also noted that select classes will be led by industry practitioners from MBA member companies, including Success Mortgage Partners , Rocket Mortgage and NFM Lending.

Mortgage 370
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How boutique lender Revolution Mortgage plans its expansion

Housing Wire

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. And, according to Covey, the changes are necessary in traditional retail lenders to navigate the industry headwinds.

Retail 435
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Lower has a round of layoffs to “weather upcoming rate hikes”

Housing Wire

“We’ve right-sized areas of our business impacted the most by this volatile market, such as refinance, operations, training, and recruiting,” Lindsey LeBerth, the company’s director of communications, wrote in an email to HousingWire. “In In August, Lower announced that Honor Home Loans , founded by U.S.

Retail 418
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Exclusive: CrossCountry Mortgage CEO Ron Leonhardt talks AmCap acquisition, future targets

Housing Wire

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000.

Retail 435
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Interfirst to lay off 140 employees

Housing Wire

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Godin relaunched the business in late 2019 as a lender focused on both wholesale and retail channels. Six months ago Interfirst Mortgage Co.