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.
Mortgage
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Warren blasts CFPB, FHFA nominees as they advance to Senate confirmation votes
Fresh off a marathon confirmation hearing to assess the fitness of four Trump administration appointees, Sen. Elizabeth Warren (D-Mass.) is castigating each of the candidates after reviewing their answers to her questionnaires.
Anthony Hsieh returns to loanDepot as Frank Martell departs
In an announcement made Thursday, loanDepot said Hsieh, the company’s executive chairman, has returned as executive chairman of mortgage operations. Martell will step down from his current posts as of June 4 and transition to a board advisory role.
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.
New executive leaders at FOA to focus on ‘modernizing’ tech, customer experience
FOA has added new chief customer and technology officer roles to its rankings as it seeks to modernize its technology.
Xactus, FICO launch Score Mortgage Simulator
Xactus has become the first technology partner to introduce the FICO Score Mortgage Simulator, a new tool designed to help lenders and borrowers understand how credit decisions impact mortgage eligibility. The simulator, developed by FICO, is the only mortgage industry tool that uses FICO scores and FICO score algorithms. It is now available through verification […]
Floify launches tool to streamline mortgage applications, support compliance
Floify has introduced Dynamic Apps, a new feature that allows mortgage lenders to customize loan applications based on loan type. The no-code tool aims to simplify the application process for borrowers while ensuring regulatory compliance and expediting approvals.
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.
CFPB dismisses TILA lawsuit against Vanderbilt Mortgage
The bureau dropped a case in which it accused the lender of granting borrowers “unaffordable loans” that caused some to lose their homes.