Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads
New lawsuit reignites debate over lead ownership and data transfers as loan officers move between lenders and brokerages.
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loanDepot claims West Capital Lending used illegal playbook to become a top brokerage
loanDepot is accusing West Capital Lending (WCL) of hiring hundreds of loan originators as independent contractors and paying them revenue splits.
PHH Mortgage unveils revamped non-QM options
PHH Mortgage introduces FlexIQ, a new non-QM product suite, to enhance non-agency offerings and support diverse borrowers.
Equifax slashes VantageScore 4.0 pricing as FICO launches new reseller model
Equifax announced changes to its pricing strategy following Fair Isaac Corp.’s rollout of a new program that allows tri-merge resellers to calculate and distribute its scores directly to mortgage lenders.
Exclusive: CrossCountry Mortgage CEO unveils organic growth strategy
Rather than pursuing mergers and acquisitions to strengthen its origination and servicing platforms, the company has focused on organic growth by acquiring mortgage servicing rights (MSRs) and building an asset management arm
CFO Kevin Ryan to retire from Better, will join PennyMac as chief strategy officer
Better’s chief financial officer, Kevin Ryan, is retiring from the company and will be joining PennyMac as chief strategy officer.
FICO’s new program draws mixed reviews from mortgage market
Fair Isaac Corp.’s (FICO) decision to let resellers calculate and distribute its scores directly to lenders drew a mixed response from the mortgage industry.
FICO bypasses credit bureaus with new program for mortgage lenders
Fair Isaac Corp. (FICO) has launched a program allowing tri-merge resellers to calculate and distribute its scores directly to mortgage companies.
Fannie and Freddie waive some loan requirements amid shutdown
Government agencies and enterprises issued guidance on Wednesday for mortgage operations and servicing during the current government shutdown.
CFPB ends multiple lender consent orders, opens few new cases
Under the Trump administration, the Consumer Financial Protection Bureau (CFPB) has been winding down enforcement actions against lenders and servicers while opening only two new cases.