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.
Lenders
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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.
Rocket plays the long game with its renter rewards program
The recently announced RocketRentRewards program from Rocket Mortgage — which the company says is the homeownership industry’s first offer to provide closing cost credits for renters — allows homebuyers who use Rocket as their lender to earn 10% back on their last 12 months of rental payments.
Newrez parent Rithm Capital posts 57% profit growth in 2024
Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.
Better announces ‘Better Forever’ borrower loyalty program
The program is designed to reward customers by waiving origination fees on future refinance or purchase loans. Customers who previously funded a loan through Better on or after Jan. 1, 2019, are automatically enrolled in the program.
Arrival Home Loans partners with fintech zavvie
The collaboration combines Arrival Home Loans’ niche in owner-occupied bridge loans with zavvie’s advanced technology platform for single-family homes.
RCN Capital acquires BLN Software
Nationwide private lender RCN Capital on Tuesday announced the acquisition of BLN Software, which offers a loan origination system and loan management system for the private mortgage lending industry.
Bijoy John joins Sage Home Loans as senior VP of marketing
John will focus on leading borrower retention efforts and has prior industry experience with Freedom Mortgage, Newrez and Rate.