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…
Arrive Home has promoted two c-suite executives, the company announced in a press release.
Matt Pettit, co-founder and president, has been promoted to CEO, while Tai Christensen, co-founder and chief diversity and public relations officer, will replace him as president.
Arrive Home is a national affordable housing program that provides down payment assistance offerings and alternative credit solutions to underserved and minority communities.
Arrive says the change reflects the company’s growth since debuting in November 2022.
“We are thrilled with the progress we’ve made since launching last year, and are excited to introduce other credit solutions to the market in the coming months,” said Pettit.
Arrive offers a suite of products geared towards helping new borrowers buy a home, especially…
Mortgage tech company ReadyPrice launched an independent universal delivery portal, the company announced in a press release.
Independent mortgage brokers can source loans from multiple lenders, lock them in, and deliver them to borrowers on a single platform.
“Independent mortgage brokers are the core of our industry, and they’re needed now more than ever. They help thousands of borrowers navigate an increasingly complex economic environment,” said ReadyPrice Founder and CEO, Rick Soukoulis.
“Our universal delivery portal gives brokers what they need most—more time to focus on their borrowers, and more confidence that they’re delivering the best deals possible.”
The platform is powered by DataX, a proprietary data exchange system linked to the industry’s largest LOS. It can deliver loans for…
CBC Mortgage Agency is now offering USDA loans for borrowers in rural areas, the company announced in a press release.
The U.S. Department of Agriculture has approved CBCMA to provide USDA 30-year mortgages for borrowers outside of urban and suburban areas.
These loans offer 100% financing, so the company’s correspondent lenders can now help low- to moderate-income families in these areas achieve homeownership without having to empty their life savings for a down payment.
“Our lending partners can now help eligible borrowers buy a home with no money down instead of having to scrape together their own funds or take out a second mortgage for down payment assistance,” CBC Mortgage Agency President Miki Adams said.
“We are thrilled to receive…
By SCOTT KIMBLER
There are signs that Wells Fargo is recovering and will continue to be a key player in the banking industry.
Formerly the nation’s largest mortgage lender, leaders there announced in January strategic plans to create a more focused home lending business aimed at serving bank customers and minority communities. Those plans included exiting the correspondent business and reducing the size of the company’s servicing portfolio.
That news came just days before the company released their Q4 2022 results. Net earnings had fallen to $2.86 billion, or 67 cents a share. Leaders at Wells Fargo noted that the decline was driven by the fall-off in mortgage demand as home lending was down 57% from Q4 2021.
Now, Wells…
New American Funding and The Agency are partnering to meet the needs of The Agency’s clients, with NAF becoming the preferred mortgage lender of The Agency.
NAF, which marks its 20th anniversary in 2023, holds the distinction of being the largest Hispanic-owned mortgage lender in the U.S. Meanwhile, The Agency has earned global recognition as a rapidly growing luxury boutique brokerage.
“We are thrilled to be working closely with one of the most prestigious companies in real estate today,” NAF Co-Founder and CEO Patty Arvielo said.
“As one of the nation’s largest privately-owned mortgage companies, NAF is uniquely positioned to cater to the needs of The Agency’s clients nationwide. We look forward to evolving our partnership into an even stronger…
