"We are extremely excited to become part of the New Penn family of companies and recognize the immediate value the relationship will bring, beginning with the diverse mix of Agency and Non-Agency products we’ll now be able to offer," said Shelter Mortgage Company CEO Marc McManus.
New Penn Financial entered into the burgeoning non-Qualified Mortgage territory and introduced the Home Buyer Power product. The product appeals to high-end customers who may be paying expensive metro-area rents.
Gabe Medrano just started as the go-to guy for the correspondent lending division at NexBank, and already he is seeing something he doesn't like. In front of him early on a Thursday morning, on his computer monitor, the Dow Jones Industrial Average...
These 40 winners have developed groundbreaking new software, re-engineered entire systems and launched their own startups. They have seen dramatic growth in sales, in market share and in influence. Whether they started with a company right out of high school or were brought in for a specialty solution, their contributions have been outsized..
What does it take to innovate and adapt to the boom and bust cycles of our economy over many decades? How have some companies managed to excel for so long? We decided to explore the secret to longevity by interviewing executives at Forsythe Appraisals, MGIC, United Guaranty and TD Service, which have all been in business for 50 years or more. Read More
The industry has already spent an enormous amount of time understanding the new requirements. Because the rule was finalized late (in November 2013) and required a long lead time to clarify and understand it, technology firms have had a significantly shorter timeframe to develop and test software. Read More