Vice Capital Markets has integrated Fannie Mae’s new Loan Pricing application programming interface into its portal. The new interface is designed to simplify loan pricing by providing a complete set of options directly from Fannie Mae, including base prices, service release premiums, and national LLPAs. Any internal pricing adjusters are also included. “The Loan Pricing…
Isaac Boltansky has joined PennyMac Financial Services as its new Managing Director, Head of Public Policy. “I am honored to lead Pennymac’s public policy efforts at such a pivotal juncture for the industry,” said Boltansky. “I look forward to working with an exceptional team to navigate an evolving policy landscape and advance strategies that strengthen…
Rocket Companies is acquiring digital real estate brokerage Redfin in an all-stock transaction for a value of $12.50 per Redfin share, or $1.75 billion of equity value. The move will connect Redfin’s nearly 50 million monthly visitors to Rocket’s mortgage products, with the aim of introducing more customers to the Rocket ecosystem and driving growth….
Underwriting and appraisal platform HomeVision is teaming up with Restb.ai to advance real estate valuation workflow through artificial intelligence. The companies have integrated Restb.ai’s AI into HomeVision’s MIRA (Machine Intelligence Review Assistant) platform, offering greater appraisal accuracy and streamlining valuation workflows while reducing revisions. “At Restb.ai, we are committed to unlocking the full potential of…
After a dramatic proxy fight that seemingly led to his downfall, Anthony Hsieh is returning to an executive leadership position at loanDepot while President and CEO Frank Martell steps down. Martell’s departure will be effective at the company’s stockholder meeting in June. He will transition to a Board advisory role. “During Frank’s tenure, loanDepot successfully…
Sometimes when a person loses their job, they find success by starting something new. That’s what happened to LaTrease Price-Gistard. She is a licensed broker-owner and managing member at ACI Mortgage, based in Sugar Land, Texas, a suburb of Houston. Price-Gistard has called the Houston area home since 1998 and began her career in finance…
Union Home Mortgage acquired Nations Reliable Lending, the companies announced. Houston-based Nations Reliable Lending, also known as NRL Mortgage, will add to UHM’s business in Texas and Southwest Ohio. UHM operates in 48 states. NRL Mortgage closed $1.091 billion in lending and UHM closed $7.6 billion in 2024. “All of us at Union Home are…
Bank7 has acquired First American Mortgage, expanding its mortgage presence across its locations in the South and Midwest. Company leaders say the acquisition aligns with Bank7’s commitment to growth and innovation, solidifying its position as a leading community-focused bank. “First American Mortgage has always been committed to providing exceptional service and streamlined mortgage solutions. Partnering…
Regions Mortgage named Drew Chuba as senior vice president, Home Loan Direct centralized sales and enablement manager. In his new role, Chuba will spearhead digital mortgage solutions borrowers can access from their phone, tablet, or computer. “Regions Bank has long been recognized for its strong attention to customer service… By delivering more enhanced technology solutions,…
By KIMBERLEY HAAS The CEO of United Wholesale Mortgage says they are excited about the potential ahead in 2025 after coming off a “banner year.” UWM Holdings Corporation announced on Feb. 26 that its loan origination volume in 2024 was $139.4 billion, up from $108.3 billion in 2023. Refinance originations increased from $14.4 billion in…
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