Items Tagged with 'Correspondent lending'


Ditech sees strong future in correspondent lending

Recently exited distributed retail lending
After a recent announcement from the company that it is exiting the distributed retail lending channel due to changes in the market, Ditech announced it is eyeing a different area of the lending market to expand in, correspondent lending.
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Ditech releases new home equity product

Available for correspondent lenders
Ditech Financial released its new Closed End Home Equity product for the correspondent banking community. Features of the loan include loan amounts as low as $20,000, a FICO as low as 680 and debt ratio up to 43%.
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From HW Magazine

Hot Seat: Jack Nunnery, EVP at Texas Capital Bank

Forging stronger ties between correspondent sellers and investors
The specific needs of correspondent lending divisions often get overlooked in the development of mortgage technology solutions. Texas Capital Bank is looking to change that formula with a new correspondent line and platform to forge stronger ties between correspondent sellers and investors in the process.
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Parkside Lending continues growth

Adds three to management team
In addition to recently adding Robin Gilmore as executive vice president of operational strategy and Joann Berger as underwriting manager, Parkside also announced the additions of Gail Dolton as general counsel, Laurie Spira as chief compliance officer and Jo-Ann Krueger as closing manager.
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Stonegate just grew warehouse lending by 888%

No, that’s not a typo
Stonegate Mortgage Corporation reported an incredible 888% year-over-year increase in its warehouse lending in the fourth quarter, rising from $47.8 million in 2013 to $472.4 million in 2014. But it still wasn't enough to help Stonegate turn a profit in 2014.
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