Items Tagged with 'wholesale lending'


Ditech plots new path, launches wholesale lending channel

Follows increase in correspondent lending operation
When Ditech Financial relaunched in 2014, it laid out a three-pronged plan to establish itself back into the mortgage market, stating that it planned to launch direct consumer lending, retail lending and correspondent lending operations. The company has since merged with Green Tree Servicing and shuttered its retail division. Now, it's plotting a new way forward and launching a wholesale lending channel.
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PHH exits correspondent lending as rest of industry steps in

'Due to its subpar profitability'
As the others in the industry look toward correspondent lending to grow their business, PHH Corporation announced that it decided to exit the wholesale/correspondent lending channel. This past year threw a lot at PHH, causing the company to have to reevaluate its strategy. As it heads back to the drawing board, here's the situation its trying to asses.
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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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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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Green Tree exits wholesale lending

Walter Investment winds down 'small part of company'
"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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