Rocket trims workforce after completing Mr. Cooper acquisition
Rocket closed the $14.2 billion acquisition in early October — about 51% higher than the valuation announced in March — after completing all necessary approvals.
Mortgage
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Tech Pulse: Are MLS policies built for the ChatGPT era?
Discover how ChatGPT, smart search and innovative lending tools are revolutionizing the industry in our Tech Pulse roundup.
TransUnion cuts VantageScore 4.0 pricing for mortgage lenders
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.
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.
Phoenix Suns ownership dispute involving UWM’s Ishbia resolved in court
The Phoenix Suns ownership dispute involving UWM CEO Mat Ishbia ends with a dismissal, as the parties agreed to cover their own legal fees.
Incenter Lender Services plays ‘matchmaker’ with new fair lending platform
Incenter introduces the CRA Exchange Platform, a free tool for lenders to streamline CRA loan trading and enhance financial performance.
Mortgage executives call for a renewed leadership model
A panel of senior mortgage executives at The Sales Mastery event talked about how leaders should be adding value in this market.
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.
Figure debuts AI-powered platform for DSCR loans
Figure reported that West Capital Lending and Axen Mortgage are among the first partners to embed its DSCR product.
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.