Jim Fraser has joined Anchor Loans as Chief Operating Officer, the company announced in a press release.
Fraser brings three decades of experience to the position. He most recently served as SVP for Commercial Real Estate Lending Solutions at Built Technologies.
“Having known Jim for almost 20 years at multiple phases of his career, I’m confident that he will be an excellent addition to our leadership team, helping advance our customer and people-focused culture so we can deliver an exceptional customer and employee experience – the best path to market leadership,” said Rayman Mathoda, Anchor Loans’ CEO.
He has held senior positions at various lenders, including EVP of Commercial Lending at Axos Bank and SVP at Banc of California. He…
U.S. Bank announced a new Special Purpose Credit Program (SPCP) geared toward increasing homeownership in communities of color.
The Access Home Loan provides up to $12,500 in down payment assistance to qualified borrowers, as well as up to $5,000 in additional lender credit for closing costs. Buyers can opt to use the lender credit to buy down their interest rate, addressing a dire affordability problem in today’s high-rate environment.
It is currently available in pilot markets where the minority population is more than 50%. Those include Las Vegas, Little Rock, Milwaukee, Minneapolis, and St. Louis, as well as six California cities.
While the loan is designed for first-time buyers, other borrowers can qualify as well.
“We know that homeownership is…
This Disability Pride Month, Down Payment Resource has highlighted homebuyer assistance programs designed for people with disabilities.
People with disabilities may be eligible for any homebuyer assistance program, but there are some resources geared toward this group in particular. While they vary in purpose and scope, they all serve to support the dream of homeownership for people with disabilities.
“Homeownership provides individuals with disabilities and their caregivers with greater independence and empowerment. It allows them to have control over their living environment, make decisions regarding accessibility modifications and customize their homes to meet their unique needs,” said Down Payment Resource founder and CEO Rob Chrane.
“My hope is that this report will raise awareness about the available programs that provide…
Software company Hawthorn River is teaming up with fintech BeSmartee to integrate its financial spreading product, FlashSpread.
FlashSpread uses Optical Character Recognition, AI, and proprietary algorithms to transform raw data into a Debt Service Coverage Ratio with the press of a button. This allows lenders to make credit decisions quickly and with confidence.
“Hawthorn River is about creating meaningful efficiencies for community banks,” said Jon Rigsby, CEO of Hawthorn River. “Our partnership with BeSmartee and the integration of the FlashSpread product ensures these institutions can focus on their core mission – serving the banking community – by automating and simplifying the financial spreading process.”
Lenders can upload scanned tax returns, get instantaneous spreading of financial data with potential errors or…
VA mortgage company NewDay USA is bringing out its own spotlight, partnering with full-service marketing agency Moburst, the companies announced.
Moburst will work to customize NewDay’s user experience and consumers’ journey to find a product that fits their needs, as well as guide NewDay on media management, website development, and content.
“I’m excited to see how we can create a new paradigm for US veterans. Moburst is miles beyond its competitors, which is why I’m confident it is going to be very successful in running our digital marketing efforts. We have the opportunity to do something new together and create a successful digital funnel that can bring in business and help veterans along the way,” said NewDay USA CEO Rob…
The executive vice president of Rocket Pro TPO says a lack of housing inventory has been hurting mortgage professionals, but he is confident broker partners and loan officers have the tools to help homebuyers achieve their goals.
Mike Fawaz recently sat down with Editor Kimberley Haas to talk about this year’s successes and challenges.
Haas: Mike, so it’s great to have you here today as always. What have been some of the successes in this past year working with the Rocket Pro TPO team?
Fawaz: First of all, thanks for having me and I’m excited to have this conversation with you. When I think about the successes of Rocket Pro TPO this year with the broker channel, it’s been a…
Jody Mulkey has been named chief technology officer at First American Financial Corporation, the company announced in a press release.
Mulkey will oversee FirstAm’s corporate product development team, which will build and enhance enterprise products for customers across the spectrum.
“It is an honor to join such an incredible company with its unique combination of financial strength and stability built over more than 130 years, innovative technology assets, and unmatched data capabilities. Grateful to be part of the team that is leading the digital transformation of the industry,” Mulkey said in a LinkedIn post.
He noted that First American is at the “forefront of real estate innovation.” “I’m looking forward to accelerating the company’s product development efforts in ways that…
Fintech Hometap made two exec-level appointments geared towards leveraging capital markets, the company announced in a press release.
Cara Newman has joined the company as Head of Structured Finance, while Josh Gaffney has been named General Counsel.
Both will report to CEO and co-founder Jeffrey Glass.
“I’m thrilled to welcome Josh Gaffney and Cara Newman to our team,” said Hometap Cofounder and CEO Jeffrey Glass. “Drawing upon their guidance, I am confident that we will deliver even more value to our partners, investors, and stakeholders while always driving positive impact for homeowners and their families across the country.”
Newman comes to the company from Redwood Trust, Inc., a residential mortgage credit company where she served as Managing Director and Head…
NewDay USA announced it is protecting veterans from data breaches by investing in the highest level of information security.
The nation’s leading VA mortgage company has achieved ISO/IEC 27001:2013 certification after a partnership with ACTIVECYBER LLC. The certification was issued by Schellman Compliance LLC, an ANAB and UKAS-accredited certification body.
ISO 27001 is a systemic and risk-based approach to information security and the leading international standard.
“Preparing for ISO 27001 Certification was a multi-year effort that required significant dedicated resources from NewDay USA throughout a rigorous readiness process,” said Eugene Mizin, Chief Operating Officer, NewDay USA.
“Our customers and employees can be confident that NewDay USA is doing everything possible to protect their data.”
High-profile data breaches have plagued the…
Greg Vacura is joining fintech Agile as president, the company announced in a press release.
Agile, a tech company operating in the mortgage-backed securities market, hired Vacura to lead the company as it works to increase liquidity and automation in TBAs, MBS pools, and AOTs.
Agile eliminates the need for inefficient phone and email processes by bringing lenders and dealers onto the same request-for-quote platform.
“The mortgage industry has a long way to go on the path towards improving liquidity and execution through adoption of marketplace solutions,” Vacura said. “I’m excited to leverage my past experience pushing the industry forward in my new role, particularly during this time of challenging market conditions with the opportunity to help so many industry…