Dave Stein has been named Southeast Divisional Manager of Crown Home Mortgage, the company announced in a press release.
From his home base in Mount Pleasant, South Carolina, Stein will oversee the growth and overall operations of Crown Home in the Southeastern region.
“I am honored to be part of such a reputable organization committed to delivering exceptional mortgage services,” Stein said. “With a branch located in Mount Pleasant, I look forward to serving the local community and working closely with the team to provide the best mortgage solutions.”
Stein brings a wealth of financial industry leadership experience to the position. Prior to Crown Home, he served as EVP of Family First Funding LLC. His other experience includes Chief Operating…
Arizona-based Integro Bank launched a new mortgage lending division geared towards small business owners purchasing homes.
Steven Zielsdorf, director of residential mortgage lending, will lead the team. Prior to Integro, he served as a managing member of iLending Mortgage LLC.
“Integro Bank is here to make the home buying process easier and less stressful. We offer a wide variety of loan programs to meet your mortgage financing needs whether you are a traditional residential home buyer or a small business owner with challenges validating income to meet the financial requirements,” Zielsdorf said.
“Our team will work with you to determine the best option for your personal situation while also having the experience to provide creative solutions for small business owners…
Mortgage securitization administrator Common Securitization Solutions has named Farhad Fariba EVP and Chief Technology Officer, the company announced in a press release.
In his new role, Fariba will spearhead efforts to develop CSS’s technology strategy, as well as oversee infrastructure, software development, cybersecurity, and emerging tech. He will report directly to CEO Tony Renzi.
“CSS is thrilled to welcome Farhad to our executive management team,” said Renzi. “Farhad brings a wealth of experience and expertise in the technology industry and has an outstanding track record of driving innovation, developing scalable business solutions enabled by technology, and most importantly leading high-performing teams.”
Prior to joining CSS, Fariba served as SVP, IT Platforms and Services with Travel & Leisure Co. His background…
Rocket Companies has been recognized by PEOPLE in its 100 Companies That Care rankings for its contributions to Detroit homeowners.
For the past seven years, PEOPLE has partnered with Great Place To Work to honor companies that go above and beyond to positively impact their communities.
This year, Rocket Companies earned second place for its efforts to support residents of Detroit.
PEOPLE said its decision was based on the Detroit Home Repair Fund, part of the Gilbert Family Foundation. The fund facilitates critical home repairs for low-income Detroit homeowners – where Rocket is headquartered – through its nonprofit partners.
Nonprofit partners inspect the home and obtain the funding, as well as oversee contractors and post-inspections while monitoring compliance.
“Stable housing…
Guild Mortgage has acquired Illinois-based First Centennial Mortgage, the company announced in a press release.
Founded in 1995 by brothers Steven and David McCormick, First Centennial operates predominantly in the Midwest. It recently ranked 64 of 75 in Scotsman Guide’s Top Mortgage Lenders of 2023 list and has been recognized as one of the fastest-growing companies in the U.S. by Inc. Magazine from 2017 to 2022.
San Diego-based Guild Mortgage is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing.
The terms of the acquisition were not disclosed.
“We continue to effectively execute our strategy to grow and gain market share through acquisitions where there exists a strong cultural match and the potential…
Andrew Strickman has been named Chief Marketing Officer by New American Funding, the lender announced in a press release.
Strickman will further NAF’s growing brand in his new position, bringing more than two decades of marketing experience to the company in its 20th year.
“We are incredibly excited to welcome Andrew to the NAF family,” NAF President Christy Bunce said.
“As a mission-driven mortgage lender that believes homeownership opportunities should be available to all, Andrew comes to us with a wealth of knowledge working with and for purpose-driven companies like ours. His perspective on building brands that drive business results, and his approach to storytelling will serve us well as we move into this next chapter of our company’s history.”…
By KIMBERLEY HAAS
The co-founder and president of a relationship management automation provider for mortgage professionals says taking a more personal approach to messaging makes a difference.
Jason Perkins says at Bonzo they were intentional about the features and assets they built into their system.
“We really wanted something that was going to move the needle for our business and create more conversations,” Perkins said in a recent interview with The Mortgage Note.
Perkins said they looked at the work loan officers were performing and figured out how to scale their voices with a few clicks of a button. A user can do everything from converting leads to nurturing past clients, he said.
“We have a broadcast feature, and you…
Mortgage subservicer Cenlar FSB announced a host of appointments and promotions.
S. Courtney Collier-Beyer has been named Director of HR Compliance and Employee Relations. She brings 15 years of experience to the position, having previously served as Vice President of Employee Relations at State Street Bank. Her other experience includes Director of Employee Relations at DeVry Medical International, Senior Employment Practices Partner at AstraZeneca Pharmaceuticals and Senior Manager of Employee Relations at Covance Inc.
Ajanta Jain is the company’s new Director of Information Security, Cyber GRC, and will execute security efforts related to regulatory examinations, audits, compliance, SOC1/SOC2 engagements, and enterprise risk management activities. Her past experience at Sallie Mae, Vanguard, and Wells Fargo makes her a top-tier audit, risk,…
Powerbuyer Ribbon, now owned by sale-leaseback platform EasyKnock, is reintroducing its all-cash offer product to Atlanta and Charlotte.
RibbonCash offers temporary financing for cash offers, a powerful model during the housing boom that allowed it to expand to multiple states. But last year brought two rounds of serious staff cuts, with the company retaining only 30 employees by November 2022.
It suspended new RibbonCash financing at that time as well.
EasyKnock purchased Ribbon in May 2023, saying it would speed up the development of its buyer-seller marketplace, slated to launch later this year. The marketplace will connect sellers to both institutional and individual buyers, giving EasyKnock access to another sector of the housing market. It currently caters to existing homeowners.…
The country’s two largest mortgage lenders reported unexpected profits in the second quarter of 2023.
United Wholesale Mortgage and Rocket Companies both bounced back last quarter after dismal results at the beginning of the year.
UWM reported a net income of $228.8 million, making up for losses of $138.6 million in the first quarter of 2023 and $62.5 million in the fourth quarter of 2022.
It originated $31.8 billion in loans, up from $22.3 billion in Q1. The boost coincided with warm weather bolstering home sales, though this past spring buying season was tepid compared to historical norms.
“UWM continues to prove that regardless of the interest rate environment, our business model, coupled with the broker channel being the best…
