Logan Finance launches new product suite for non-QM borrowers
The launch comes at a time when traditional underwriting is struggling to meet a rapidly evolving borrower landscape, the company said.
Lenders
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The nation’s largest mortgage lenders are only getting bigger
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B
Pennymac reported lower revenue and earnings in Q1 2025, but it still has one of the largest servicing portfolios in the country.
Randell Gillespie named president of LeaderOne
Gillespie will be tasked with growing LeaderOne, which has a “unique collaborative ownership model.”
Longbridge has a new addition to its proprietary reverse mortgage suite
Platinum Peak aims to offer higher LTVs for borrowers, with Longbridge saying it could help those who previously came up short.
Mortgage industry veteran Tammy Richards takes on new role at Kind Lending
Richards announced Tuesday on LinkedIn that she’s now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company.
UWM’s Jason Bressler explores Sphere LOS integration
In this episode of the PowerHouse podcast, Diego Sanchez interviews UWM CTO Jason Bressler about the lender’s integration with Sphere LOS.
Union Home Mortgage adds two executive leaders
Ohio-based UHM promoted Brian Smith to chief operating officer of retail lending and hired David Alonzo as its chief technology officer.
A&D Mortgage announces $459M RMBS transaction
The RMBS deal, done in partnership with Imperial Fund Asset Management and Clearwater Analytics, is expected to close on March 13.
Rocket showcases strategic pivot on Q4 earnings call
On Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue of $1.8 billion and adjusted revenue of $1.2 billion, with the latter figure coming in at the high end of Rocket’s expectations.