Cari Gordon has been named Chief Audit Officer of Fay Financial, the company announced in a press release.
In her new position, Gordon will oversee the strategy and operations of Fay’s Internal Audit team and its risk-based audit plan, ensuring the company is on top of its game in the rapidly changing market.
“I’m immensely excited about joining Fay. Everyone from my team up through the senior executive level has extensive experience within the mortgage industry, and I look forward to working with such a talented team with so much depth,” Gordon said.
She brings more than a decade of auditing experience and nearly thirty years of financial industry experience to the role.
Most recently, Gordon served as Internal Audit…
Banking platform Blend is betting on IMBs with its latest offering, a bare-bones, low-cost product for small lenders.
Blend IMB Essentials, a stripped-down version of Blend’s mortgage suite, provides the features necessary for retail independent mortgage banks to succeed in today’s market.
Small lenders can pay for just the features most critical to their banking needs, reducing the cost burden of cloud banking technology.
IMB Essentials includes Blend’s famous application process, soft credit pulls for cost savings, hard credit pulls, automated conditions management, and real-time loan pricing and scenarios. Customers whose businesses grow can also easily scale up to Blend’s full offering later.
“This is a historic time for our industry. The mortgage market is grappling with the effects of…
Industry powerhouse Stephen Thomas is spearheading a new minority-owned national correspondent lender, FutureWave Finance.
FuturWave partners with investors to offer lenders a future-focused product suite aimed at expanding homeownership across the U.S.
It offers government, conventional, and low-balance loans, plus jumbo, non-QM residential, and non-QM business purpose loans.
Its industry partners include Ginnie Mae, Freddie Mac, Optimal Blue, ICE Mortgage Technology, The Fay Group, Loan Central, and SitusAMC.
“I’ve known Steve Thomas a long time and if anyone can deliver the leadership and drive to change the mortgage industry and provide homeownership opportunities, it’s Steve. He knows this business inside and out and is deeply involved in the housing industry,” Julie Joseforsky, President of Financial Services at Fay Financial, said.…
Schuyler Vaughan is joining First Federal Bank of Kansas City as its Senior VP of Mortgage Banking, the bank announced in a press release.
In his new role, Vaughan will spearhead First Federal’s mortgage division with an eye toward innovative strategies for strengthening and expanding lending. He is tasked with sculpting a strong lending team and leading mortgage customer acquisition programs.
“The path to homeownership is a possibility for most, whether today or in the near future. I aim to help mortgage professionals educate and assist more customers in making that dream a reality,” said Vaughan.
“I am very excited to join an organization like First Federal Bank of Kansas City, which has always prioritized the value of homeownership.”
Vaughan…
Herbie Huesman has been promoted to SVP of real estate at USAA Federal Savings Bank, the bank announced in a press release.
Huesman will steer the bank’s mortgage products and lending activity. He reports to USAA FSB President Paul Vincent and will remain at the Tampa office.
San Antonio-based USAA is a leading provider of insurance, banking, investment, and retirement solutions for more than 13 million members of the military, veterans, and their families.
The promotion is a natural step from the four other leadership positions Huesman has held at USAA. He joined the company in 2019 as head of real estate capital markets. Most recently, he served as interim general manager for real estate, handling expansion and updates to…
Clever Pro and HomeScout have teamed up, the companies announced in a press release.
HomeScout, a lender-focused platform dedicated to enhancing production and reducing loan costs in the mortgage industry, will provide enhanced resources and support throughout their home-buying and selling journeys.
Its suite of services includes branded property search sites, automated home value and neighborhood reports, a real estate search and financial fitness app, and lead generation tools.
Through the new partnership, HomeScout’s clients will connect with Clever’s 19,000 agents across the U.S., including Clever’s agent matching services and dedicated concierge support team.
“By joining forces with HomeScout, we’re not only taking a significant step toward revolutionizing the mortgage industry, but we’re also paving the way for improved client…
Citywide Home Loans named John Cady as its new president, the company announced in a press release.
Cady brings more than three decades of mortgage industry experience, having held senior leadership positions at Cardinal Financial Company and Mountain West Financial prior to joining Citywide.
His other experience includes high-level roles at Bay Equity, Stearns Lending, and PrimeLending.
“I’m incredibly pleased to be joining Citywide Home Loans. The company is the perfect mix of culture, service, and programs that many mortgage professionals have been looking for. I believe we’re in a position to pick up market share throughout the country,” Cady said.
He noted that Citywide’s entrepreneurial relationships with origination partners, offering collaborative perks like tools, technology, training, and pricing.
“We…
Lender and servicer Newrez teamed up with Keller Williams Georgia Legacy Group to launch a joint venture mortgage company, according to a press release.
The company, Onward Home Mortgage, will open for borrowers in the Southeast, giving them access to both Keller Williams’ real estate agents and Newrez’s resources.
Onward will be headquartered in Roswell, Georgia, and specialize in residential purchases.
“This is a marriage of outstanding organizations that will now grow even stronger. I am humbled and honored to lead such a talented group of professionals and can’t wait to continue getting more borrowers into the homes of their dreams,” said Kathy Vitali, president of Onward Home Mortgage.
The Onward team brings a combined 125 years of experience to…
By KIMBERLEY HAAS
Rocket Pro TPO has increased the limits for conforming loans, and in doing so, leaders there say getting ahead of the curve will benefit mortgage professionals and their clients.
Officials at the Federal Housing Finance Agency won’t be announcing the 2024 conforming loan limits until November, but starting today, broker partners of Rocket Pro TPO will be able to take advantage of them, according to Executive Vice President Mike Fawaz.
Fawaz spoke with The Mortgage Note on Friday.
“We’re very, very excited about this one. As you know, last year Rocket Mortgage was the very first lender that was able to implement the 2023 conforming loan limits, and this year it’s no different,” Fawaz said. “I think…
Eric Francis has been named VP of Finance at Columbus-based Go Mortgage, the lender announced in a press release.
“I couldn’t be more eager to get started with the GO Mortgage team. Being part of a forward-thinking company that has a diversified range of products and sales channels is truly invigorating,” Francis said.
He brings nearly three decades of financial management experience to the role, having held various leadership positions across the mortgage banking, home improvement, and financial services worlds.
Prior to Go, Francis served as VP of Mortgage at A+ Federal Credit Union. During his tenure there, he increased monthly origination volume by 300% by initiating secondary marketing relationships and adding government loan products.
His other experience includes leadership…
