Items Tagged with 'TPO'

ARTICLES

  • Stonegate promotes John Pantalone to senior vice president

    Will lead the Eastern region's third party origination sales team
    Stonegate Mortgage announced its latest promotion, naming John Pantalone as the new senior vice president, eastern division manager-third party origination. In this role, he will lead and support the Eastern region’s third party origination sales teams, while creating and implementing growth strategies.
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  • FGMC names Nicholas Imbimbo director, TPO operations

    Previously vice president, national operations manager at Bank of Oklahoma
    First Guaranty Mortgage Corporation, which provides correspondent, wholesale and retail mortgage origination channels, announced the addition of Nicholas Imbimbo as director, third-party origination operations.
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  • Mortgage giant relaxes lending standards

    AmeriSave decides to align standards with Fannie Mae guidelines
    AmeriSave is one of the largest retail nonbank mortgage originators in the nation. It also is known for its extremely tight underwriting standards. Now, only one of those is true.
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  • TPO Originations Continue to Grow

    Third party origination (TPO) of HECM loans continued it's upswing by more than doubling in April from 360 to 735 loans in the Wholesale Leaders April 2011 report from Reverse Market Insight.   TPO's made up 30% of all wholesale loans in April.  MetLife, which jumped out ahead of the other wholesale lenders in March, remained static while other lenders began to pick up pace. Following the official end of correspondent approvals by FHA and the conversion to lender sponsorships in January, it appears that lenders are getting a handle on managing the TPO relationships.  A question to consider
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  • TPO Originations Take Off

    The changing landscape of the reverse mortgage industry due to new regulations is taking shape.  According to the latest Wholesale Leaders Report from Reverse Market Insight (RMI), HECM originations by non-FHA third-party originators (TPOs) jumped in the last month of the first quarter.       The growth in TPO activity, however, wasn't enough to extend the growth of wholesale/broker endorsements, which fell by 0.7% in march.  Direct/Retail endorsements on the other hand leaped ahead with a jump of 10.8% for the month.  The total for the year so far, 409, is enough to boost the TPO category into
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