The Denver-based developer of lending platform aimed at credit unions and independent mortgage banks serves consumer direct, wholesale, correspondent and distributed retail mortgage lenders. Source:…
Posts published in “correspondent lending”
A major player in correspondent lending and mortgage servicing, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment…
CEO Jay Bray says the loan servicing giant intends to “hit the ground running” when it merges with Rocket Companies later this year after turning…
A $1.95 trillion asset cap that’s limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14…
Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make…
Parent company Home Point Capital to take an equity stake in The Loan Store, with Homepoint executive Phil Shoemaker to be installed as CEO when…
The bank says it has racked up $353 million in severance expenses as it closes branches and pursues a “more focused home lending business.” Source:…
Executives hope to reduce risk by reducing the size and narrowing the focus of bank’s mortgage business to better serve retail customers and minority communities. …