Items Tagged with 'correspondent lending division'


  • 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.
    Read More
  • Stearns Lending sells delegated correspondent lending business to Flagstar

    Deal will make Flagstar 4th largest correspondent loan originator
    Flagstar Bancorp is about to grow its correspondent lending business, as the bank announced Monday that it plans to acquire Stearns Lending’s delegated correspondent lending business. Upon the completion of the deal, Flagstar will become the 4th largest correspondent loan originator in the country, the bank said.
    Read More
  • LenderLive appoints new execs to correspondent lending division

    Lynn Collins and Tisha Hamari joined the firm as regional account executives
    As the newest members of LenderLive, regional account executives Lynn Collins and Tisha Hamari will cover southern states and will work with current and prospective clients, including community banks and credit unions participating in or considering the company’s correspondent program.
    Read More
  • Ditech rolls out two new product features

    Expands correspondent lending services
    Ditech Mortgage Corp’s correspondent lending division announced two new features of its crimson jumbo product: non-warrantable condos and condotels that will be launched followed this year’s Mortgage Bankers Association Annual Convention & Expo.
    Read More