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Items Tagged with 'wholesale lending'


Flagstar Bank promotes Brian Vieaux to national sales director

Will lead wholesale lending division
Michigan-based Flagstar Bank has promoted Brian Vieaux to the position of national sales director for wholesale lending. Vieaux joined Flagstar in 2012 as senior vice president and head of home lending with responsibility for Flagstar's national network of retail home loan centers.
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Carrington’s wholesale division eliminates underwriting fee

Simplifies process for brokers
Brena Swanson
The wholesale lending division of Carrington Mortgage Services announced on Wednesday that it is eliminating its underwriting fee in its wholesale division.
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David Grosteffon named wholesale divisional sales manager at Carrington

Will focus on "establishing strategic alliances with banks and credit unions"
Ben Lane
Prior to joining Carrington, Grosteffon was vice president and sales manager for JPMorgan Chase, where he focused on the growth of the JPMorgan private client brand in the Westchester, New York market.
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Equity Loans announces rebranding, now Equity Prime Mortgage

Ben Lane
The company says that the name change is reflective of its growth into the wholesale and correspondent lending markets, as well as the company’s plans for future growth.
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loanDepot breaks into wholesale lending

Launches LDWholesale division
Brena Swanson
loanDepot decided to venture into whole lending and launched LDWholesale to reach a greater audience.
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Green Tree exits wholesale lending

Walter Investment winds down 'small part of company'
Jacob Gaffney
"The wholesale channel has been a relatively small part of the Company's originations business with funded volumes of less than $1 billion in the nine months through September 30, 2013," the company said in a statement.
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Stonegate Mortgage acquires Nationstar wholesale lending channel

Expands geographical footprint
Brena Swanson
Stonegate Mortgage Corporation is expanding its geographical footprint by acquiring the wholesale lending channel and certain distributed retail assets from Nationstar Mortgage Holdings, adding more than 200 employees.
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Big banks give up on wholesale lending

But some regional players see a silver lining for their own firms
Kerri Ann Panchuk
Change is inevitable, and the wholesale lending space is definitely seeing a lot of it lately. But with bigger players like SunTrust moving out of broker lending, smaller players in the space are eager to find their footing.
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SunTrust Mortgage is exiting broker lending

Blames complexity of the current mortgage market
The changing mortgage landscape continues to impact large banks and lenders, with SunTrust Mortgage announcing plans to exit broker lending, effective Dec. 31, 2013.
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Carrington appoints new SVP, wholesale lending sales director

Rey Maninang joins the wholesale lending division of Carrington Mortgage Services as senior vice president and national sales director for the company’s wholesale channel to oversee the sales team and increase market share.
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