Mortgage bank

Equifax Workforce Solutions Offers Mortgage Lenders "All Employers Within 36 Months" Verifications Through The Work Number

Retrieved on:

Tuesday, May 11, 2021

Mortgage industry of the United States, Finance, Money, Economy, Mortgage bank, Fannie Mae, Mortgage loan, The Work Number, Super jumbo mortgage

b'ATLANTA, May 11, 2021 /PRNewswire/ --Complex income situations on mortgage applications can create incremental work for mortgage bankers and brokers as they look to review and approve homebuyers for mortgage financing.

Key Points:

b'ATLANTA, May 11, 2021 /PRNewswire/ --Complex income situations on mortgage applications can create incremental work for mortgage bankers and brokers as they look to review and approve homebuyers for mortgage financing.
"\nAccording to Fannie Mae underwriting guidelines, the "stable and reliable flow of income is a key consideration in mortgage loan underwriting."
Verifications through The Work Number allow credentialed lenders with permissible purpose to quickly and securely tap into the largest commercial source of consolidated employment information with more than 115 million active records.
With the use of an All Employers Within 36 months verification from The Work Number, credentialed mortgage lenders can quickly receive the necessary data to more efficiently interpret applications with complex income.\nAt Equifax (NYSE: EFX), we believe knowledge drives progress.

Embrace Home Loans Hires Stephen Adamo as President of National Retail Production

Retrieved on:

Monday, May 10, 2021

Finance, Money, Financial services, Service industries, Embrace Home Loans, Loans, Mortgage loan, Mortgage bank, Bank

b'MIDDLETOWN, R.I., May 10, 2021 /PRNewswire/ -- Embrace Home Loans , a top-ranked national mortgage lender, announced that Stephen Adamo has joined the company as president, national retail production.

Key Points:

b'MIDDLETOWN, R.I., May 10, 2021 /PRNewswire/ -- Embrace Home Loans , a top-ranked national mortgage lender, announced that Stephen Adamo has joined the company as president, national retail production.
"They goabove and beyond to ensure all loan officers have the technology and marketing they need to be as successful as possible.
As a result, Embrace is positioned for growth and set to compete with the top independent mortgage banks in the country.
Adamo has additional expertise in secondary marketing, pricing, portfolio management and accounting.\n"Steve brings a wealth of mortgage and banking experience to Embrace," said Dennis Hardiman, Embrace founder and CEO.

Creating What’s Next Through One Simple Solution: Trees

Retrieved on:

Wednesday, May 5, 2021

Finance, Money, Service industries, Loans, Mortgage loan, Mortgage bank, Subprime mortgage crisis, PennyMac Financial Services

For the remainder of 2021, any loans closed with the national mortgage lending company will support community-based reforestation by planting trees in the wake of natural disasters.

Key Points:

For the remainder of 2021, any loans closed with the national mortgage lending company will support community-based reforestation by planting trees in the wake of natural disasters.
Sierra Pacific\xe2\x80\x99s roots run deep in the mortgage lending community and year-over-year their employees and customers reinforce that they want to work with a company that carries these values.
Facebook | Twitter | Instagram\nSierra Pacific Mortgage Company, Inc. is a leading national independent mortgage lending company, based in Folsom, California.
Sierra Pacific serves the retail and wholesale mortgage banking markets in 49 states through three regional fulfillment centers.

Union Home Mortgage Welcomes New Area Sales and Growth Manager

Retrieved on:

Tuesday, May 4, 2021

Professional services, Other Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, Banking, Loans, Mortgage loan, Mortgage bank, UHM

b'Union Home Mortgage (UHM), a high-growth independent mortgage banking company with world-class culture, today announced the hiring of Paula Sawitski as an area sales and growth manager for the Michigan region.

Key Points:

b'Union Home Mortgage (UHM), a high-growth independent mortgage banking company with world-class culture, today announced the hiring of Paula Sawitski as an area sales and growth manager for the Michigan region.
In this role, Sawitski is responsible for building a team of new mortgage originators statewide.\nThis press release features multimedia.
View the full release here: https://www.businesswire.com/news/home/20210504005177/en/\nPaula Sawitski, area sales and growth manager for Union Home Mortgage in the Michigan region (Photo: Business Wire)\n\xe2\x80\x9cWe are thrilled to welcome Paula to the UHM team,\xe2\x80\x9d said Bill Cosgrove, President & CEO of Union Home Mortgage.
With a world-class culture that stands out in the mortgage industry, UHM Partners (employees) are guided by a Code of Conduct that emphasizes respect, open communication and accountability.

Southern Trust Mortgage Head of Capital Markets Hance Thurston Named as a 2021 HousingWire Finance Leader.

Retrieved on:

Monday, May 3, 2021

Loans, Mortgage loan, Mortgage bank

b'VIRGINIA BEACH, Va., May 3, 2021 /PRNewswire-PRWeb/ -- Southern Trust Mortgage is proud to announce that Hance Thurston, Head of Capital Markets, has been recognized as a 2021 HousingWire Finance Leader.

Key Points:

b'VIRGINIA BEACH, Va., May 3, 2021 /PRNewswire-PRWeb/ -- Southern Trust Mortgage is proud to announce that Hance Thurston, Head of Capital Markets, has been recognized as a 2021 HousingWire Finance Leader.
"\nHance Thurston was selected by HousingWire\'s Selection Committee based on his professional achievements within Southern Trust Mortgage, contributions to the overall housing economy, client impact and personal success.
"\nSouthern Trust Mortgage is an established mortgage banking company that was founded in 1998 that has served more than 70,000 families throughout the East Coast.
Southern Trust Mortgage LLC is proud to be an Equal Housing Lender and Equal Opportunity Lender.

Walker & Dunlop Jumps to Fourth Largest Lender to Commercial Real Estate

Retrieved on:

Wednesday, April 28, 2021

Finance, Money, Mortgage industry of the United States, Financial services, Walker & Dunlop, Mortgage-backed security, Fannie Mae, Mortgage bank, Mortgage loan, Mortgage Bankers Association, Sabal Financial Group, Commercial mortgage

b'BETHESDA, Md., April 28, 2021 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it is the fourth largest lender to the U.S. commercial real estate industry based on the 2020 Mortgage Bankers Association loan origination rankings.

Key Points:

b'BETHESDA, Md., April 28, 2021 /PRNewswire/ -- Walker & Dunlop, Inc. announced today that it is the fourth largest lender to the U.S. commercial real estate industry based on the 2020 Mortgage Bankers Association loan origination rankings.
"\nWalker & Dunlop\'s debt financing volume grew 32% in 2020 while the overall commercial real estate financing market declined by 27%.1 Walker & Dunlop was also named in the annual Mortgage Bankers Association rankings as the largest provider of capital to the multifamily sector, largest Fannie Mae DUS lender, seventh largest commercial loan servicer, and largest Fannie Mae multifamily loan servicer in the United States.\n1 Mortgage Bankers Association Commercial Real Estate Finance Forecast, February 2021\nWalker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate finance companies in the United States.
The company provides a comprehensive range of capital solutions for all commercial real estate asset classes, as well as investment sales brokerage services to owners of multifamily properties.
Walker & Dunlop\'s 1,000+ professionals in 38 offices across the nation have an unyielding commitment to client satisfaction.\nView original content to download multimedia: http://www.prnewswire.com/news-releases/walker--dunlop-jumps-to-fourth-l...\n'

Freddie Mac Announces Pricing of $384 Million Multifamily Small Balance Loan Securitization

Retrieved on:

Wednesday, April 21, 2021

Mortgage industry of the United States, Finance, Mortgage loan, Mortgage, Freddie Mac, Money, Predatory mortgage servicing, Mortgage bank

Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.

Key Points:

Freddie Mac is also acting as mortgage loan seller and master servicer to the trust.
Freddie Mac has a specialty network of Optigo Seller/Servicers and Optigo SBL lenders with extensive experience in this market who source loans across the country.\nThis announcement is not an offer to sell any Freddie Mac securities.
Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.\nFreddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac\xe2\x80\x99s blog FreddieMac.com/blog .\n'

Jennifer McGuinness of Mortgage Venture Partners and Fay Financial Have Come Together to Launch Invigorate Finance

Retrieved on:

Tuesday, April 20, 2021

Residential Building & Real Estate, Construction & Property, Professional services, Finance, Finance, Money, Structured finance, United States housing bubble, Mortgage industry of the United States, Mortgage-backed security, Mortgage loan, Mortgage bank, Residential mortgage-backed security

\xe2\x80\x9cIt is an exciting combination that allows Invigorate Finance to fully optimize the power of mortgage loan aggregation and enhance execution for lenders and investors alike.\xe2\x80\x9d\nMcGuinness, an industry veteran with over 25 years of experience in the space, has previously held senior management and executive roles with Colony American Finance n/k/a CoreVest American Finance, WinWater Home Mortgage/PremiumPoint Investments, and Deutsche Bank.

Key Points:

\xe2\x80\x9cIt is an exciting combination that allows Invigorate Finance to fully optimize the power of mortgage loan aggregation and enhance execution for lenders and investors alike.\xe2\x80\x9d\nMcGuinness, an industry veteran with over 25 years of experience in the space, has previously held senior management and executive roles with Colony American Finance n/k/a CoreVest American Finance, WinWater Home Mortgage/PremiumPoint Investments, and Deutsche Bank.
At WinWater/Premium Point, amongst other things, she was the head of the deal team as they were the first hedge-fund issuer of residential mortgage-backed securities collateralized by newly originated mortgage loans.
McGuinness was named a 2019 HousingWire Vanguard, winner of a 20/20 Women of Vision Award by Women\xe2\x80\x99s Mortgage Banking Magazine, and was profiled as a significant Woman in Real Estate by REI Ink Magazine.\nAccording to Ed Fay, \xe2\x80\x9cInvigorate Finance is bringing the market to the next level with enhanced products and exemplary customer service in a way that takes full advantage of Jen McGuinness\xe2\x80\x99 impressive business experience, full life of loan execution skills, and significant industry knowledge.
I am excited about what we are doing.\xe2\x80\x9d\nInvigorate Finance is a closed loan mortgage conduit aggregator that specializes in the creation and aggregation of new and improved lending programs and structured solutions in the residential mortgage, business purpose, and commercial spaces.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210420006208/en/\n'

Union Home Mortgage Welcomes New National Retail Business Development Director Accelerating Nationwide Growth

Retrieved on:

Tuesday, April 20, 2021

Professional services, Retail, Other Retail, Other Professional Services, Finance, Banking, Loans, Mortgage loan, Mortgage bank

b'Union Home Mortgage (UHM), a high-growth independent mortgage banking company with world-class culture, today announced the hiring of David Rank as national retail business development director.

Key Points:

b'Union Home Mortgage (UHM), a high-growth independent mortgage banking company with world-class culture, today announced the hiring of David Rank as national retail business development director.
In this role, Rank is responsible for building a team of business development recruiters sourcing and hiring new loan originators nationwide.\nThis press release features multimedia.
View the full release here: https://www.businesswire.com/news/home/20210420005850/en/\nDavid Rank, national retail business development director (Photo: Business Wire)\n\xe2\x80\x9cWe are excited to welcome Dave to the team,\xe2\x80\x9d said Bill Cosgrove, President & CEO of Union Home Mortgage.
\xe2\x80\x9cHis ability to help identify, recruit, and train new Partners is an asset to our growing company.

Commerce Home Mortgage’s Wholesale Division Has a New Name: Change Wholesale

Retrieved on:

Tuesday, April 20, 2021

Banking, Professional services, Finance, Money, Finance, Economy, Loans, Mortgage loan, Community development financial institution, Subprime lending, Mortgage bank, The Change Company, Change Wholesale, Change Home Mortgage, THE CHANGE COMPANY, CHANGE WHOLESALE, CHANGE HOME MORTGAGE

b'The Change Company, America\xe2\x80\x99s Community Development Financial Institution (CDFI), and its mortgage banking subsidiary Change Home Mortgage (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced today the rebranding of the Company\xe2\x80\x99s wholesale division to Change Wholesale.\nTed Ray, President of Change Home Mortgage, said, \xe2\x80\x9cThis rebranding represents an important milestone as we focus our resources on scaling Change Wholesale.

Key Points:

b'The Change Company, America\xe2\x80\x99s Community Development Financial Institution (CDFI), and its mortgage banking subsidiary Change Home Mortgage (the \xe2\x80\x9cCompany\xe2\x80\x9d) announced today the rebranding of the Company\xe2\x80\x99s wholesale division to Change Wholesale.\nTed Ray, President of Change Home Mortgage, said, \xe2\x80\x9cThis rebranding represents an important milestone as we focus our resources on scaling Change Wholesale.
Our wholesale partners are able to benefit from Change Wholesale\xe2\x80\x99s proprietary loan programs \xe2\x80\x93 including our Community Mortgage \xe2\x80\x93 and technology to finance prime borrowers their competitors can\xe2\x80\x99t.
Change Wholesale will continue to be operated by its existing management team.\nDenis Kelly, the Company\xe2\x80\x99s Chief Wholesale Officer, added, \xe2\x80\x9cIt\xe2\x80\x99s time to change the wholesale mortgage business to work better for the brokers, the loan officers, and the borrowers they serve.
Change Wholesale has successfully emerged as the dominant originator of residential mortgage loans to prime borrowers who are not well served by banks and traditional lenders.