Second mortgage

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

Retrieved on:

Tuesday, February 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.

Sandler Law Group Promotes Mortgage Compliance Legal Veteran Diane Jenkins to Partner

Retrieved on:

Wednesday, February 8, 2023

Government National Mortgage Association, Regulation, Second mortgage, Jan Vansina, University, AMG, Software, SLG, Volunteering, History, Real estate, Partner

DALLAS, Feb. 8, 2023 /PRNewswire/ -- Sandler Law Group (SLG), a Dallas-based law firm with a practice exclusively focused on meeting the legal and compliance needs of residential mortgage lenders, is pleased to announce the elevation of Diane Jenkins to the position of Partner.

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DALLAS, Feb. 8, 2023 /PRNewswire/ -- Sandler Law Group (SLG), a Dallas-based law firm with a practice exclusively focused on meeting the legal and compliance needs of residential mortgage lenders, is pleased to announce the elevation of Diane Jenkins to the position of Partner.
Throughout her more than 25-year legal career, Diane has concentrated her practice on state and federal regulatory mortgage banking compliance - assisting banks, credit unions, independent mortgage lenders, and brokers.
In addition to her role at SLG, Diane serves as Director of the National Mortgage Practice Group for Asurity Mortgage Group, Inc. ("AMG"), where she advises the business with respect to legal and regulatory matters impacting the content and design of a full suite of mortgage loan documents for all fifty states.
Diane has extensive experience and subject matter expertise practicing as in-house counsel and as a compliance officer for both mortgage origination and servicing companies.

iSun Inc. Secures $25 million Debt Facility

Retrieved on:

Tuesday, November 8, 2022

Nuclear, Technology, Other Energy, Environment, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Urban Planning, REIT, Landscape, Interior Design, Automotive, Architecture, Building Systems, Other Natural Resources, Natural Resources, Other Technology, General Automotive, Other Construction & Property, Commercial Building & Real Estate, Hardware, Construction & Property, Senior, NASDAQ, Bill, Climate change, Asset purchase agreement, Register, U.S. Securities and Exchange Commission, Industry, Phrase, Adoption, EV, Security, SEC, Company, Risk, Private Securities Litigation Reform Act, Maintenance, Securities Exchange Act of 1934, Securities Act of 1933, Second mortgage, EBITDA, Common, Security agreement, Registration statement, Trademark, Solar energy, Common stock, Conversion, Fortune 500, Solution, Annual report, Purchasing, Security (finance), Sale, Renewable energy, Histan, Note

iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announces that it has entered into a debt financing agreement for up to $25 million in Senior Secured Convertible Notes facility (the Notes) with a single institutional investor (the Lender).

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iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announces that it has entered into a debt financing agreement for up to $25 million in Senior Secured Convertible Notes facility (the Notes) with a single institutional investor (the Lender).
We continue to see significant interest and enthusiasm for the products and services that iSun provides to our growing customer base said Jeffrey Peck, Chairman and Chief Executive Officer of iSun.
This debt facility validates our commitment to accelerating the transition to clean energy as we continue our fight against climate change while providing an opportunity to strengthen our balance sheet.
A.G.P./Alliance Global Partners acted as sole placement agent for the financing, and Merritt & Merritt acted as the Companys legal counsel.

iTHINK Financial Credit Union Signs Contract for the Black Knight Empower LOS to Help Drive Growth and Provide Members With an Exceptional Experience

Retrieved on:

Tuesday, September 13, 2022

iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.

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iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.
"iTHINK Financial prides itself on offering personalized, 'white glove' service and we are confident that Empower will help them keep that commitment," said Rich Gagliano, President, Origination Technologies at Black Knight.
iTHINK Financial, established in 1969, is a growing and dynamic Credit Union, with more than 100,000 Members worldwide and over $2 billion in assets.
A Credit Union is a not-for-profit financial institution that is owned by its Members.

Mortgage Rates Trend Down

Retrieved on:

Thursday, July 22, 2021

Mortgage, Loans, Mortgage loan, Money, Finance, Fixed-rate mortgage, United States housing bubble, Economy, Second mortgage, Subprime mortgage crisis

While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit.

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While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit.
Unfortunately, many homebuyers are unable to take advantage of low rates due to low inventory and high prices.
15-year fixed-rate mortgage averaged 2.12 percent with an average 0.7 point, down from last week when it averaged 2.22 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

S&P/Experian Consumer Credit Default Indices Show Third Straight Drop In Composite Rate In June 2021

Retrieved on:

Tuesday, July 20, 2021

Information technology, Finance, Data brokers, Credit scoring, Money, Experian, TRW Inc., Lien, Second mortgage, Dow Jones, Credit score in the United States

Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.

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Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.
They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien.
The Indices are calculated based on data extracted from Experian's consumer credit database.
More assets are invested in products based on our indices than products based on indices from any other provider in the world.

Mortgage Rates Continue to Decrease

Retrieved on:

Thursday, July 15, 2021

Mortgage, Finance, Money, Loans, Mortgage loan, Economy, Commitment rate, Fixed-rate mortgage, Discount points, Second mortgage, Subprime mortgage crisis

The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week, said Sam Khater, Freddie Macs Chief Economist.

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The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week, said Sam Khater, Freddie Macs Chief Economist.
Since their peak at 3.18% in April, mortgage rates have declined by thirty basis points.
15-year fixed-rate mortgage averaged 2.22 percent with an average 0.6 point, down from last week when it averaged 2.20 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Continue to Move Down

Retrieved on:

Thursday, July 8, 2021

Mortgage, Money, Finance, Economy, Mortgage loan, Refinancing, Discount points, Fixed-rate mortgage, Second mortgage, Subprime mortgage crisis

Mortgage rates decreased this week following the dip in U.S. Treasury yields.

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Mortgage rates decreased this week following the dip in U.S. Treasury yields.
We expect economic growth to gradually drive interest rates higher, but homebuyers and refinance borrowers still have an opportunity to take advantage of 30-year rates that are expected to continue to hover around three percent.
15-year fixed-rate mortgage averaged 2.20 percent with an average 0.7 point, down from last week when it averaged 2.26 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Filo Mortgage Announces 1.99% 15-Year Rate with No Points for Purchases

Retrieved on:

Wednesday, June 30, 2021

Banking, Other Construction & Property, Professional services, Residential Building & Real Estate, Construction & Property, Finance, Money, Financial services, Mortgage, Loans, Banking, Mortgage loan, Origination fee, Discount points, Second mortgage, Mortgage industry of the United States

Fast growing lender Filo Mortgage is now offering a 1.99% (1.99% APR) mortgage rate with no points and no origination fees for 15-year conventional term purchase loans.

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Fast growing lender Filo Mortgage is now offering a 1.99% (1.99% APR) mortgage rate with no points and no origination fees for 15-year conventional term purchase loans.
Filo Mortgage continues to be a leader in low rate mortgages with no points.
On 30-year conventional terms, Filo Mortgage is offering qualified applicants purchase loan rates as low as 2.625% (2.625% APR) with no points and no origination fees.
Filo Mortgage founder and co-CEO Jeffrey Frutkin said, We want to spread the word that you can get a very low rate with no points for your new home loan.

Why a Balloon Payment Makes Financial Sense When Used Correctly

Retrieved on:

Wednesday, June 16, 2021

Mortgage, Money, Finance, Loans, Financial services, Balloon payment mortgage, Refinancing, Second mortgage, Personal contract purchase

Leading finance brokerNational Loansexplains that balloon payment car loans can make financial sense when used correctly and, depending on cash flow, can provide greater flexibility to buyers.

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Leading finance brokerNational Loansexplains that balloon payment car loans can make financial sense when used correctly and, depending on cash flow, can provide greater flexibility to buyers.
A balloon payment is often referred to as a residual payment.
Balloon payment car loans are well-suited to those who like to upgrade their vehicle often.
For those with a good credit history, refinancing the loan to cover the balloon payment is another option.