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Loan Processing Powerhouse wemlo® Celebrates a Year of Record Growth, Expands Service Offerings with Addition of Five New Supported Lenders

Retrieved on:

Martedì, Febbraio 27, 2024

BOCA RATON, Fla., Feb. 27, 2024 /PRNewswire/ -- Coming off a record year of growth, wemlo® is making waves in the mortgage industry by providing brokers with a flexible, effective option for third-party loan processing. Since the company's acquisition in 2020, wemlo has helped hundreds of brokers across the United States increase productivity, manage bigger pipelines, and grow their businesses.

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Furthermore, the wemlo processing team averaged 20 business days to get a loan from submission to closing, blowing the industry average of 49 days* out of the water.
"We strive to offer unparalleled service with industry-leading offerings to help our customers get effective results, fast.
That's why we've continued to grow our processing support and expand our service offerings to keep up with the evolving needs of the broker channel."
To further expand its service offerings this year, wemlo added five new supported lenders to its roster including Windsor Mortgage, Loan Simple Wholesale, NexBank, Union Home Mortgage, and GMFS Partners.

Silverton Mortgage Opens Offices in South Carolina and Alabama, Continues Growth

Retrieved on:

Mercoledì, Febbraio 21, 2024

FHA, USDA, Real estate

ATLANTA, Feb. 21, 2024 /PRNewswire-PRWeb/ -- Silverton Mortgage, a leading direct residential mortgage lender, announced the opening of two new offices that will continue to grow the company's partner lender relationships with well-known residential home builders and serve other real estate partners in the market.

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In our new offices, we will be able to provide experienced lending with top-notch local customer service that expands our reach and empowers local homebuyers.
"We're excited to expand our work in the South Carolina and Alabama markets to help homebuyers experience a smooth, seamless home buying and financing process," said Dan Dadoun, president of Silverton Mortgage.
The Greenville office is located at 1467 Woodruff Road, Suite E, and is led by mortgage loan originator Alex Parham.
Both offices will offer various loans including conventional, adjustable rate, FHA, USDA, VA and Silverton Secure, which helps future homeowners secure their mortgage before even finding a property.

Consolidated Analytics Partners with Sagent on their Dara Mortgage Claims System

Retrieved on:

Mercoledì, Febbraio 21, 2024

EVP, FHLMC, Risk, Sagent Advisors, FHA, FNMA, USDA, Partnership, Insurance

SANTA ANA, Calif., Feb. 21, 2024 /PRNewswire/ -- Consolidated Analytics (CA), a leading provider of mortgage services, is proud to announce its partnership with Sagent, a premier mortgage software solutions provider, to integrate the Dara mortgage claims system into its operations.

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SANTA ANA, Calif., Feb. 21, 2024 /PRNewswire/ -- Consolidated Analytics (CA), a leading provider of mortgage services, is proud to announce its partnership with Sagent, a premier mortgage software solutions provider, to integrate the Dara mortgage claims system into its operations.
This strategic collaboration represents an innovative shift in mortgage claims processing, leveraging the transformative capabilities of the Dara Mortgage Claims System to deliver unparalleled benefits to clients.
"Sagent's Dara mortgage claims system represents a significant advancement in mortgage claims processing technology, and our partnership with Sagent allows us to offer this innovative solution to our clients on any servicing system," said Arvin Wijay, CEO of Consolidated Analytics.
Through Consolidated Analytics' partnership with Sagent, clients can experience the following benefits:
Consolidated Analytics' partnership with Sagent represents a strategic alignment of two industry leaders dedicated to driving innovation and efficiency in mortgage services.

New Survey Finds Significant Lack of Understanding of Mortgage Escrow Accounts and Raises Concerns Over Expected Increases

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Giovedì, Febbraio 15, 2024

Hardship, Hearing, COVID-19, FHA, Life, Insurance, Tax, Real estate

POMONA, Calif., Feb. 15, 2024 /PRNewswire/ -- A new survey from LERETA, a leading national provider of real estate tax and flood services for mortgage servicers, shows that among survey respondents that have an escrow account with their mortgage, only about one half of them completely understand how their escrow account works. This is worrisome since mortgage escrow accounts across the U.S. are likely to experience a sharp increase due to rising property taxes and increased insurance rates.

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This is worrisome since mortgage escrow accounts across the U.S. are likely to experience a sharp increase due to rising property taxes and increased insurance rates.
Mortgage escrow accounts are used to pay homeowners' property taxes and related insurance premiums (homeowners, flood and mortgage insurance.)
In light of these trends, the survey found a concerning lack of financial capacity on the part of homeowners to handle escrow increases.
Our goal is to help mortgage companies increase communications and educational outreach to customers about escrow accounts to help address this looming problem."

Former Senior U.S. Housing Officials Launch New Subsidiary, Gate House Compliance, To Support Fair Lending and Servicing

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Mercoledì, Febbraio 14, 2024

Gate House Compliance has been established as a subsidiary of Gate House Strategies , an advisory company co-founded in 2021 by Montgomery and four other former HUD officials and where he serves as Chairman.

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Gate House Compliance has been established as a subsidiary of Gate House Strategies , an advisory company co-founded in 2021 by Montgomery and four other former HUD officials and where he serves as Chairman.
In creating the compliance subsidiary, Gate House Strategies partners are joined by other luminaries in financial services and specialists in fair lending and consumer protection law and regulation.
Michael Waldron is a founding partner of Gate House Compliance.
To provide the new advisory firm with operational and analytical support, Gate House Compliance formed an alliance with CrossCheck Compliance , a nationwide regulatory compliance and risk management consulting firm.

Forbright Bank 2023 Year in Review

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Mercoledì, Febbraio 7, 2024

Awards and National Recognition: Forbright Bank earned national recognition for its commitment to sustainability and unique workplace.

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Awards and National Recognition: Forbright Bank earned national recognition for its commitment to sustainability and unique workplace.
American Banker and the Washington Post independently named Forbright Bank as a top place to work.
Additionally, Forbright Bank was the first bank to receive BestCashCow’s Sustainable Bank Badge due to its commitment to financing clean energy and sustainable projects.
Forbright Bank is proud to have sponsored the Sustainable Investment Forum during Climate Week in New York City where Forbright leaders spoke

Evergreen Home Loans Announces Expansion into Montana, Welcoming New Branch to the Family

Retrieved on:

Mercoledì, Gennaio 31, 2024

Evergreen, USDA, Growth, Production, FHA, Real estate

This strategic move not only extends Evergreen's reach but also reinforces its commitment to making homeownership accessible and rewarding.

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This strategic move not only extends Evergreen's reach but also reinforces its commitment to making homeownership accessible and rewarding.
This expansion reflects Evergreen's continued effort in bringing its unique selling proposition - offering economical strategies to allow more residents the opportunity to own their own piece of Montana.
"We are beyond thrilled to welcome the Montana team to our Evergreen family," said Robert Lipston, Executive Vice President of Production at Evergreen Home Loans.
For more information about Evergreen Home Loans and the new Montana branches, please visit Evergreen Home Loans .

Elliott Mulkin Joins Cushman & Wakefield and Greystone Jointly as a Director

Retrieved on:

Lunedì, Gennaio 22, 2024

Cushman & Wakefield, University, Fannie Mae, Freddie Mac, Regions Financial Corporation, MBA, TCU, CBRE, FHA

Mr. Mulkin sits with Cushman & Wakefield’s Sunbelt Multifamily Advisory Group, which has a team based out of Birmingham, and reports to Greystone’s Senior Managing Directors Charlie Mentzer and Brad Waite in Atlanta, who joined in 2023.

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Mr. Mulkin sits with Cushman & Wakefield’s Sunbelt Multifamily Advisory Group, which has a team based out of Birmingham, and reports to Greystone’s Senior Managing Directors Charlie Mentzer and Brad Waite in Atlanta, who joined in 2023.
Previously, Mr. Mulkin worked at Regions Bank as a Vice President in their Real Estate Capital Markets group where he served as the agency originator for Mid-America.
Elliott holds a Bachelor’s degree from TCU and an MBA with a concentration in finance from the University of Alabama.
“I look forward to working with Charlie, Brad, and the larger Greystone team, as well as leveraging our relationship with Cushman & Wakefield in order to optimize the service level I can provide to clients,” added Mr. Mulkin.

Non-QM Industry Veteran Samuel Bjelac Returns to Carrington Mortgage Services

Retrieved on:

Giovedì, Gennaio 25, 2024

Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, Broker, TPO, Divisional patent application, Multimedia, USDA, EVP, Correspondent, CMS, FHA, Organization, SVP, Real estate

Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.

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Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.
(Photo: Business Wire)
Bjelac, who previously served as Divisional Vice President of the Carrington Mortgage Services Wholesale Lending team, has rejoined CMS as SVP, National Sales, TPO (third-party origination).
“Samuel brings more than 20 years of mortgage experience to Carrington,” said Greg Austin, EVP, Lending for CMS.
Carrington is in a unique position to leverage its capital partner relationships and professional services to create winning solutions for mortgage brokers and their customers.

HOME-SELLING PROFITS DROP IN 2023 FOR FIRST TIME IN OVER A DECADE AMID MODEST PRICE GAINS

Retrieved on:

Giovedì, Gennaio 25, 2024

Statistics, Great, Employment, Report, Metro, Housing, Baton Rouge, Louisiana, Sale, Pressure, FHA, Global recession, The Spring, Federal Housing Administration, ROI, Real estate

IRVINE, Calif., Jan. 25, 2024 /PRNewswire/ -- ATTOM, a leading curator of land, property and real estate data, today released its Year-End 2023 U.S. Home Sales Report, which shows that home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment.

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That happened as the median nationwide home price rose at the smallest annual pace in more than a decade.
"But the market definitely softened amid modest price gains that weren't enough to push profits up higher after a long run of improvements.
The U.S. median home price increased 2.1 percent from 2022 to 2023, reaching another all-time annual high of $335,000.
The full-year median home-price appreciation slowed down as interest rates rose in 2023 close to 8 percent for a 30-year mortgage.