Articles Tagged with ''wholesale lending''

Approved, LendingQB partner to launch wholesale lending platform

Partnership of two top tech companies in housing finance
In a partnership that brings together two of the preeminent technology companies in the mortgage space, Approved and LendingQB are joining together to launch a wholesale lending platform. Both Approved, a digital mortgage platform for independent lenders and brokers, and LendingQB, a provider of SaaS loan origination technology solutions, have been named to HousingWire Magazine’s HW Tech100 as one of the top tech companies in housing finance.
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First Guaranty said to close wholesale channel

Expansion mode apparently at an end
First Guaranty is said to be shutting down one or more lending divisions, according to sources. The info comes on the back of several high-level departures at the company. One source confirmed that the company's Wholesale division shut earlier this week.
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“Whole-tail” lenders: The entire premise of BRAWL is flawed

Say bad rep coming from vocal minority giving incorrect details
Earlier this year, a group of mortgage brokers started an initiative against certain wholesale lenders, calling out their practices, but one of those lenders is fighting back against those claims. The top lender for 2016 said the entire premise of BRAWL – that some wholesale lenders are safe to sell to while others are not – is flawed.
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Sponsored By
United Wholesale Mortgage

Consistent tech innovations lead mortgage brokers to United Wholesale Mortgage

UWM attracts brokers with its tech-focused development
[Sponsored Content] In a fairly dated industry when it comes to tech, where the only consistent change is the variation of daily interest rates, UWM is a breath of fresh air in the mortgage industry with a seemingly endless stream of technology advancements and innovation.
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UWM CEO: Here's why we stand with BRAWL

Why is this movement happening now?
The BRAWL, Brokers Rallying Against Whole-tail Lending, movement is pushing back against the way things have always been in the wholesale lending space. HousingWire is talking to wholesale lenders on both sides of the fence to get their perspective on the movement that’s disrupting the space. Mat Ishbia, president and CEO of United Wholesale Mortgage, one of the "good ones," shares his thoughts.
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Did Bill Dallas shutter most of NewLeaf Wholesale?

Sources: Layoffs mixed with plans to buy retail/wholesale/reverse platform
Here’s what we’ve heard so far: Bill Dallas told national sales leader Tom Conklin that he was letting nearly everyone at NewLeaf go, in order to finalize a secret mortgage lender acquisition he was reportedly chasing.
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Sponsored By
BRAWL

Mortgage brokers BRAWL with untrustworthy wholesale lenders

New advocacy group defines "good" wholesale partners
The group has submitted a BRAWL-endorsed list of wholesale lenders that do wholesale business the “right way” – wholesale lenders that support the broker channel and do no more than 20% of their business on the retail side. On the flip side, they also named the lenders that are notorious for flipping leads over to their retail channels and permanently stealing customers. 
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Ocwen shutting down largest origination channel; exiting wholesale forward lending

Nonbank also settles with 2 more states
Ocwen Financial quietly announced earlier this year that it planned to exit correspondent lending to focus on its “higher margin” channels – retail and wholesale. As it turns out, the company’s focus on wholesale lending lasted all of two months. Ocwen revealed Thursday that it plans to exit its wholesale forward lending business, shutting down its largest origination channel.
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CoreVest expands into wholesale lending for real estate investors

Seeks brokers who serve investors
CoreVest American Finance Lender, the lender formerly known as Colony American Finance, is expanding into wholesale lending for real estate investors. To lead the company’s expansion into wholesale lending, CoreVest hired Samuel Bjelac to serve as vice president of wholesale lending.
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Consumer direct lender Jet Direct Mortgage expanding into wholesale

Launches wholesale lending operation after “successful” testing period
Jet Direct Mortgage, a consumer direct lender based in New York, announced this week that it is expanding into wholesale lending with the launch of Jet Direct Funding. In a release, the company said that it recently completed a “successful” testing period for its wholesale channel and is now accepting mortgage broker applications.
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