NEXA Mortgage hires Eric Mitchell to help boost LO count
Mitchell will serve as a “key hire” recruiting partner for NEXA, newly appointed chief operating officer Jason duPont said in an interview with HousingWire.
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After the Bayview deal, what’s the refi strategy for Guild Mortgage?
Guild LOs said they have yet to receive any guidance on how the two platforms would collaborate after the deal closes.
‘Dating the rate’ misled borrowers. Now they’re financially strained
An out-of-date mantra that once lured in prospective homebuyers is being criticized by mortgage originators who say clients were “misled.”
NAMB issues support for CHLA white paper on LO compensation
NAMB’s letter said that the association opposes the current “rigid” interpretation of loan originator compensation regulations.
Stable mortgage rate environment reshapes how LOs engage with borrowers
In a rare period of rate stability, lenders say that borrower mindsets — not numbers — may unlock market momentum.
Rate’s Jesse Allen on the progress of a reverse mortgage revamp
The new president of reverse mortgages at Rate describes the efforts to build the division for future success.
The lean, mean (illegal?) 1099 LO machine
A revealing look into the high-stakes (and legally murky) world of 1099 loan officers, recruiter tactics, and what some see as a blatant end-run around LO Comp rules.
Supreme Lending looks to expand along the West Coast
Mortgage industry veterans Eli Fairfield and Brian Keranen have joined Everett Financial (dba Supreme Lending) as regional directors for the Pacific Southwest, the company announced. Fairfield and Keranen bring decades of experience in mortgage lending, as loan originators and managers in California.
Loan officers are seeing an uptick in FHA, VA demand
Loan officers are seeing increase demand for government mortgages, and if rates go lower, there could be a wave of refinances to follow.
CreditXpert announces launch date for new credit optimization platform
The company is sunsetting a pair of tools as it focuses on credit optimization rather than traditional credit repairs.