Articles Tagged with ''retail lending''

Planet Home Lending taps Mike Lee to lead distributed retail expansion

Lee named senior vice president of nation production
Planet Home Lending originated $3 billion in mortgages in 2016. The company wants to grow that figure to $5 billion next year. As part of the company’s plan to get there, Planet Home Lending is planning an expansion of its distributed retail lending channel, and tapping Mike Lee to lead the effort.
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TCF Bank completes acquisition of Rubicon Mortgage Advisors

Rebranding as TCF Home Loans
TCF National Bank, a Minnesota-based depository, announced that it has completed its acquisition of Rubicon Mortgage Advisors, a mortgage lender with offices in Minnesota and North Dakota and licenses to operate in South Dakota, Wisconsin, Colorado, and California.
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Private equity firm Thomas H. Lee Partners takes ownership stake in Guaranteed Rate

Firm makes “material capital and strategic investment” in growing lender
Back in October, private equity firm Thomas H. Lee Partners acquired a majority interest in Ten-X, the parent company of Auction.com, but that’s not the only significant investment in the housing industry that the firm is making this year. The firm is also investing in Guaranteed Rate and taking an ownership stake in the growing retail mortgage lender.
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Flagstar launching expansion of retail mortgage lending operation

Opening 12 new loan centers, hires two regional sales directors
Flagstar Bank announced it is expanding its retail mortgage lending operation, nearly doubling its retail home loan centers and hiring two regional sales directors to lead those operations. The move falls in line with the lender's new focus on the purchase market.
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BankUnited execs: Our struggle with mortgage originations

Home lending 'marred by thin margins and volatility'
BankUnited executives divulged more information on the bank’s decision to stop originating mortgages during its fourth-quarter conference call Thursday morning. While the bank remains positive on other part of its business, it couldn't say the same for its mortgage business.
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ditech continues retail lending growth

Announces expansion into new markets
According to ditech, the new retail branches are in Washington, Oregon, Utah, Ohio and Illinois and “complement the company’s existing retail operations, enhancing its current presence and adding new outlets in key markets across the country.”
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Titan Lenders shutters general fulfillment division

Blames "unforgiving compliance environment"
Citing an “unforgiving compliance environment,” Denver-based Titan Lenders Corp. is closing its general fulfillment division as of Jan. 31. The soon-to-be shuttered division includes underwriting, closing, funding and post-closing for retail mortgage lenders.
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MCS Mortgage Bankers to open five new retail offices

“MCS is seeing a steady rate of growth and expanding healthily into various markets across the country from its traditional base in the Northeast,” said Taylor Stork, executive vice president of MCS. “We are fortunate to have the opportunity to attract great talent to our organization. Our tremendous growth can be credited to our employees and local leadership.”
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