Articles by Caroline Basile

Jeff Smith picked to lead Wells Fargo home lending servicing

The industry veteran will oversee the big bank's servicing business
“Our servicing team plays a critical role in helping our customers through their homeownership journey, and Jeff is uniquely qualified to build on the momentum and solid foundation that is already in place,” said Michael DeVito, head of Wells Fargo's home lending business.
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Informative Research announces integration with LendingQB

Tech solutions provider available to LendingQB LOS users
On Wednesday, technology-driven solutions provider and HW Tech100 winner Informative Research announced its integration with LendingQB’s loan origination system, giving the LOS’ users access to IR’s products. The company explained that with this integration, LendingQB’s LOS users will be able to order multiple products, including credit supplements, 4506-Ts, preclose monitoring, flood reports, and the company’s SoftQual solution.
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Two mortgage bankers granted immunity in Manafort trial

Judge in trial grants immunity to two employees from Chicago's The Federal Savings Bank
On Monday, the U.S. District Court judge overseeing ex-Trump campaign manager Paul Manafort’s trial in Virginia granted immunity to two mortgage bankers from Chicago’s The Federal Savings Bank, which gave Manafort several million dollars in loans.
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Monday Morning Cup of Coffee: Are cities finally fed up with Airbnb wiping out local housing?

Plus, the CFPB opens a new office, regulatory sandbox for fintech development
Are cities over Airbnb? Looks like it. Last week, two city councils voted to limit the online home rental services activities in their cities, the latest in a series of moves to reign in the company, which some say are aggravating the housing crisis. That, plus more about the CFPB's new office in your Monday Morning Cup of Coffee.
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Planet Home Lending hires new chief information officer

Industry vet Mike McChesney joins lender
Planet Home Lending announced this week that Mike McChesney has joined the company as its new chief information officer. "His strong mix of business, operations, and technology expertise across originations, capital markets, and servicing will allow us to differentiate at a time of tremendous opportunity in the industry," said Michael Dubeck, Planet Home Lending president and CEO.
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Bob Dougherty named EVP of business development at Calyx Software

Replaces now retired Dennis Boggs
Mortgage software solutions provider Calyx Software, a 2018 Tech100 winner, named Bob Dougherty executive vice president of business development. Dougherty, who joined the company in 2016, will be responsible for strategic direction, developing and maintaining vendor and client partnerships, as well as daily operations of the company.
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Another former Equifax employee charged with insider trading

SEC charges former manager for dumping stock before data breach announcement
On Thursday, the Securities and Exchange Commission announced insider trader charges against a former Equifax manager for dumping stock prior to the company’s announcement of a data breach that exposed the data of more than 143 million American consumers to hackers.
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Don't miss this: HW Insiders nominations close Friday!

What are you waiting for?
Is there someone at your company who is the go-getter? The unsung hero who faces challenges head on? Nominate them for HW's Insiders Award, which acknowledges the unsung heroes of mortgage finance, or those who are crucial to a company's success but may not be known to the rest of the industry.
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Here’s how mortgage lenders are reaching Hispanic Millennial borrowers

Lending experts explain what they're doing to reach Hispennial borrowers
The face of the mortgage borrower is changing and Hispanic Millennial, or Hispennial, borrowers are increasingly buying more homes. During a panel at the NEXT Mortgage Technology conference, experts from three mortgage companies explained what they’re doing to reach this growing demographic.
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