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.
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.
LenderLive Network is enhancing its correspondent lending division with the additions of two new regional executives, Andrew Lion and Wendy Lovett. Lion will cover the Northern California, Oregon, Washington and Alaska territory, while Lovett will cover the states of Arizona, Colorado, Nevada and Utah.
"While this was an extremely difficult decision to make, we intend to build on our leadership position in the correspondent market and remain committed to purchasing loans from smaller financial institutions and independent mortgage companies," mortgage head says in letter.
The 46-state lender said under the program, mini correspondent clients originate loans, submit them to New Penn for underwriting. Once the lender gets the clear-to-close, they sell the loans back to New Penn post-funding.
Friday Funding takes a look at the mortgage lending operations at origination firms. In this edition, Bela Donine, a managing director at HomeBridge discusses correspondent growth with HousingWire. HousingWire: Who...
Mortgage lender Caliber Funding launched a correspondent lending channel, expanding its production capacity, the company announced at the Mortgage Bankers Association Secondary Market Conference & Expo...
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More