Logan Finance hires Mark Luzi to lead Western sales
Non-QM lender Logan Finance hired Mark Luzi as Western managing director of sales, effective May 26, to lead broker and correspondent business.
Lenders
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Mortgage Forward to acquire First Federal Bank’s TPO division
Mortgage Forward will acquire First Federal Bank’s TPO unit, including QRL Financial, with closing expected in Q3 2026.
Achieve expands fixed-rate HELOC with $700,000 cap
Achieve raised its fixed-rate HELOC cap to $700,000 and lowered the starting APR to 5.5%, with up to 90% LTV and 50% DTI.
HouseAmerica Financial joins All Western Mortgage
HouseAmerica Financial joins All Western Mortgage, a $500M lender, as AWM targets $3B in 2026 funding and expands in California.
AD Mortgage broker survey finds rising AI use and training gaps
In an AD Mortgage survey of 250-plus brokers, 55% use AI regularly and training satisfaction averaged 6.49 out of 10.
Nationwide Mortgage Bankers taps Herrera as president of Hispanic homeownership division
Herrera previously served as vice president of Americasa, a Spanish-language mortgage platform promoting Hispanic homeownership.
Click n’ Close appoints Delores Lopez chief operating officer
The new COO joins the company as it builds on down payment assistance programs and One-Time Close construction lending.
Lower launches Movoto Advantage for solo real estate agents
Lower rolled out Movoto Advantage, a subscription program with about 200 agents, routing live consumer transfers to one vetted agent per market.
Stockton Mortgage denies accessing former employees’ email accounts
Two ex-loan officers allege Stockton accessed personal email in 2025, but Stockton says DLP tools flagged misconduct and data was redacted.
California-based LenderMac to acquire Direct Mortgage
LenderMac agreed to acquire Direct Mortgage, aiming to expand its footprint and build multichannel lending capabilities.