The reverse mortgage division of University Bank has recently expanded its team by incorporating four new members. The fresh additions to the department include a regional manager, some loan officers, and an account executive.
Kari Downes, who currently holds the position of Executive Vice President at Enterprise Housing Credit Investments, is set to take over as president from Scott Hoekman, effective from the first of April.
Pennymac has decided to abandon its proposed expansion in North Carolina, which would have added over 300 jobs, as a result of extended periods of high interest rates.
The granting of the award emerged from a contentious arbitration conflict involving three former Guild staff members. They were alleged to have engaged in unfair recruitment practices when they made the move to CrossCountry.
The process of underwriting a borrower is largely dominated by income underwriting, accounting for approximately 80% of the overall effort and intricacy required. The analysis instrument named “AutomatIQ Borrower Income” has been created to apply to a broad range of borrowers.
Despite the initial increase in mortgage rates in early 2024, there was a notable rise in mortgage requirements following adjustment for the holiday period.
Blue Sage Solutions, a firm specializing in software development, has introduced an innovative servicing platform. This novel platform effectively combines loan initiation and servicing activities via the use of technology based on APIs.
CrossCountry Mortgage’s founder and CEO, Ron Leonhardt, sheds light on the process behind securing the deal with Amcap, a company based out of Texas, and shares insights into potential future business acquisitions.
Mike Weinbach, with previous leadership experience in the mortgage sectors at Wells Fargo and JPMorgan Chase, has been named as the new president by Mr. Cooper.
The wholesale division of Rocket Mortgage, known as Rocket Pro TPO, is enthusiastically seeking to attract brokers through a variety of product improvements and services.
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