#mortgage-industry

#mortgage-industry

Pennymac plans to use proceeds from its offering to repay borrowings under secured MSR facilities and other secured indebtedness. The offering is contingent upon market conditions.

LoanDepot announced the return of Hsieh as CEO, stressing a focus on profitability, market share recovery, and adoption of artificial intelligence.

Sources indicate that an executive search firm is currently undertaking the process of finding a permanent CEO to replace Isaacs. The Go spokesperson stated they don't comment on personnel matters but reaffirmed commitment to borrower service and strategic goals.

The FHFA's decision to accept VantageScore 4.0 for mortgages corrects the legacy of inefficiency and waste that outdated credit scoring models have perpetuated, said Tony Hutchinson.

Recruiting is about building the right team. Our goal was to create a cost-effective platform for real producing managers who want to grow their footprint.

The series, which expands upon Logan's preexisting non-QM offerings, involves seven specialized Non-QM mortgage solutions designed to help brokers and correspondents serve borrowers who fall outside conventional lending guidelines.

Hutchinson expressed the motivation behind his shift: "For me, this move is about growth both personally and professionally. AnnieMac offers the scale, agility, and culture that align with where I believe the industry is headed."

Guild's customer-for-life strategy emphasizes retaining the retail LO as the primary contact for borrowers throughout the entire relationship—from origination to loan servicing.

Legal/Regulatory/Compliance defects surged to become the leading defect category in the fourth quarter. This increase is particularly concerning given the category's history of volatility.

It is bittersweet to fulfill the plan we always shared to grow EPM together, but they say a legacy only ends when we stop talking about those who have passed.

Chimera's acquisition of HomeXpress aims to enhance cross-selling potential and solidify a foothold in loan acquisition and securitization.

H.R. 2808 aims to ban the use of trigger leads, impacting credit reporting agencies that profit from selling leads after credit pulls.

I'm thrilled to step into the role of Growth Officer and Queen Bee! of the NAMB Hive. The Hive is all about connection, collaboration, and helping mortgage professionals grow smarter, faster, and stronger together, she wrote.

Morales emphasized the need for a shared posture of learning in the collaboration process, which greatly facilitated smooth communication between the forward and reverse mortgage sectors.

The first four days in April saw 40% of the applications that month, according to Scott Buchta of Brean Capital.

The velocity and complexity of mortgage transactions create significant challenges in tracking discrepancies, leading to large cash flow variances that hinder effective oversight.

The Q4 2024 critical defect rate dropped 23.2% to 1.16%, signaling significant improvement in mortgage underwriting trends despite increases in legal/regulatory/compliance defects.

Nicole Yelland discussed how women in the mortgage industry often resort to uncomfortable heels, highlighting a gap in stylish yet professional footwear options for them.

PennyMac's aggressive growth strategy focuses on expanding its servicing portfolio and hiring to enhance operations and sales, despite recent profit shrinkage.

Flanagan's move comes shortly after a significant leadership shakeup at loanDepot, reflecting the ongoing challenges in the mortgage industry and the demand for strategic financial leadership.