Items Tagged with 'Correspondent lending'

ARTICLES

  • FirstBank exiting wholesale mortgage lending

    Selling correspondent channel to Rushmore, sells TPO channel to Renasant Bank
    In what’s become a trend, another lender announced this week that it is scaling back its mortgage business. In the last two months alone, HomeStreet Bank, Ditech, and Live Well Financial have all moved away from mortgage lending in one way or another. Now, FirstBank, one of Tennessee’s largest community banks, is selling off its wholesale mortgage lending operations.
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  • Angel Oak plots expansion in non-QM correspondent lending

    Brings on four new executives to lead growth effort
    Angel Oak Companies, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, has grown its business significantly over the last several years. And now, the company is set to grow again. Angel Oak announced this week that it is planning an expansion of its correspondent lending channel.
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  • Ellie Mae adds HELOC calculator to Encompass

    Announces Encompass 19.1 update
    Mortgage technology provider Ellie Mae announced it launched a new release of its Encompass Digital Lending Platform. The new updates include expanded HELOC origination support, Americans with Disability Act capabilities within Consumer Connect, and enhancements for correspondent and wholesale lending.
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  • New Penn Financial acquiring Envoy Mortgage’s correspondent lending division

    New Penn continues growth
    New Penn Financial’s growth in the wake of its parent company being acquired by New Residential Investment Corp. is set to continue, as the lender announced Monday that it is acquiring the correspondent lending division of Envoy Mortgage. Late last year, New Residential announced that it planned to acquire Shellpoint Partners, which owns New Penn, in a $190 million deal.
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  • FBR: We're bullish on Flagstar-Stearns Lending correspondent lending deal

    Could be the first in line of acquisitions for Flagstar
    After announcing late Monday that it intends to acquire Stearns Lending’s delegated correspondent lending business, Flagstar Bancorp is positioned to grow its already sizable footprint in the mortgage business, FBR & Co. analysts said in a note to clients. Here's their take on the deal.
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