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TransUnion cuts VantageScore 4.0 pricing for mortgage lenders

October 17, 2025 by bp56691
Credit bureau TransUnion has followed its peers in slashing prices for mortgage lenders purchasing VantageScore 4.0, responding to Fair Isaac Corp. (FICO)’s newly implemented pricing model.
Categories Credit Score, Equifax, Experian, FICO, HWmember, LendingLife, Mortgage, Origination, TransUnion

Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads

October 17, 2025 by bp56691
New lawsuit reignites debate over lead ownership and data transfers as loan officers move between lenders and brokerages.
Categories California, Griffin Funding, HWmember, Lawsuit, Legal, LendingLife, loanDepot, Mortgage, Mortgage Broker

Phoenix Suns ownership dispute involving UWM’s Ishbia resolved in court

October 17, 2025 by bp56691
The Phoenix Suns ownership dispute involving UWM CEO Mat Ishbia ends with a dismissal, as the parties agreed to cover their own legal fees.
Categories HWmember, Lawsuit, Legal, Mat Ishbia, Mortgage, United Wholesale Mortgage

Incenter Lender Services plays ‘matchmaker’ with new fair lending platform

October 16, 2025 by bp56691
Incenter introduces the CRA Exchange Platform, a free tool for lenders to streamline CRA loan trading and enhance financial performance.
Categories Community Reinvestment Act, HWmember, Incenter, Investors, Mortgage, Secondary market, Technology

Mortgage executives call for a renewed leadership model

October 16, 2025 by bp56691
A panel of senior mortgage executives at The Sales Mastery event talked about how leaders should be adding value in this market.
Categories CMG Financial, HWmember, loanDepot, Mortgage, Movement Mortgage, Origination

NAF hires Nathan Ballentine as regional VP for South Carolina

October 15, 2025 by bp56691
NAF hires Nathan Ballentine as regional VP for South Carolina
Nathan Ballentine joins New American Funding as regional vice president for South Carolina, focusing on growth, development and partnerships.
Categories HWmember, Mortgage, New American Funding, People Movers, South Carolina, Team Leaders

Figure debuts AI-powered platform for DSCR loans

October 15, 2025 by bp56691
Figure reported that West Capital Lending and Axen Mortgage are among the first partners to embed its DSCR product.
Categories Artificial Intelligence, Figure Technologies, HWmember, Loan Processing, Mortgage, Technology, Underwriting

loanDepot claims West Capital Lending used illegal playbook to become a top brokerage

October 14, 2025 by bp56691
loanDepot is accusing West Capital Lending (WCL) of hiring hundreds of loan originators as independent contractors and paying them revenue splits.
Categories HWmember, Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Mortgage, Mortgage Broker

Friday Harbor’s AI originator assistant now supports overlays

October 14, 2025 by bp56691
Friday Harbor’s AI Originator Assistant now includes overlays, enhancing loan compliance and credit quality control for lenders.
Categories Artificial Intelligence, HWmember, Investors, Mortgage, Origination, Secondary market, Technology, Underwriting

PHH Mortgage unveils revamped non-QM options

October 13, 2025 by bp56691
PHH Mortgage introduces FlexIQ, a new non-QM product suite, to enhance non-agency offerings and support diverse borrowers.
Categories Correspondent Lending, HWmember, LendingLife, Mortgage, Non-QM, Origination, PHH Mortgage Corp, Real Estate Investing
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