Industry veteran Jodi White is joining First Home Mortgage as branch manager of its new Gainesville, VA, office, company officials announced in a press release.
White brings nearly three decades of industry experience to the position, having started her career in 1996 as a loan originator.
“As a proud member of the real estate community in the Commonwealth of Virginia for over 20 years, I’m honored to be representing First Home by helping to open and lead this new branch,” said White. “I believe that partnering with the right lender can make all the difference for a prospective buyer, and through open communication and individual connections, my team and I will work hard to earn the trust of homebuyers in…
By KIMBERLEY HAAS
The founder and CEO of the digital closing platform Snapdocs says adopting a technology strategy that reduces costs can help mortgage lenders now and as the market bounces back.
Aaron King recently sat down with The Mortgage Note to talk about the value of digital closings. He said Snapdocs, headquartered in San Francisco, is a national company founded in 2012 on the observation that these closings require all of the parties involved in a real estate transaction to connect seamlessly.
“While the technologies existed, there was too much fragmentation between parties and the transactions themselves were too dynamic to apply these technologies until you worked on connecting all the parties. The vision of Snapdocs is we build…
By KIMBERLEY HAAS
The CEO of Aidium Mortgage CRM says companies are investing in technology designed to streamline the mortgage loan origination process to improve efficiency and profitability.
“They’re understanding that they could have made more money in 2020 and 2021 with better systems and I think that they’re also seeing right now they need to do everything they can to provide a best-in-class experience and to make sure no leads fall through the cracks,” Spencer Dusebout said.
Dusebout sat down with The Mortgage Note after it was announced that Daily AI, which he founded in 2019, had rebranded as Aidium. Brands previously acquired by Daily AI – Whiteboard CRM and Recruitable.ai – will also be part of the Aidium…
Cheryl Messner has been named Chief Customer Officer at Polly, the company announced in a press release.
Polly is a mortgage capital markets technology provider based in San Francisco, California.
Messner will oversee corporate strategies geared towards Polly’s customer experience, working between clients, product development, and technical teams to provide customer insight into high-impact and new features.
“Polly has revolutionized traditional pricing and loan delivery, and simultaneously established a reputation with their customer partners that is second to none,” said Messner.
“I feel incredible momentum from what the team has achieved to date, and I am so excited to lean into an organization that truly hears the voice of the mortgage lender and is committed to exceeding their expectations tenfold.”…
Document automation platform Ocrolus has integrated OpenAI’s GPT into its tech, the company announced in a press release.
The move gives Ocrolus more power to process semi-structured and unstructured documents like bank statements, pay stubs, and mortgage applications without the need for human oversight.
Ocrolus’s platform uses multiple forms of AI from Amazon, Google, and its own proprietary deep learning architectures to allow lenders to automate with ease. It can create it own training data in-house to keep its algorithms on the cutting edge as they engage with these platforms.
“Ocrolus’ AI technology has transformed our lending business,” said Ocrolus customer and Head of Operations Strategy & Enterprise Projects at Kapitus, Murugappan Chettiar.
“The automation and accuracy have saved us…
Better.com announced a fully digital home equity line of credit (HELOC) offering, enabling homeowners to access cash through their equity completely online.
Better says customers can be approved in twenty-four hours or less and close in as little as three days.
The HELOCs are available for primary, secondary, and investment homes, with a maximum $500,000 line of credit and up to 90% of the property value. The product offers a number of benefits over traditional products, including a simple application process, immediate pre-approval, no unnecessary fees, and the ability to keep the existing mortgage rate and pay interest only on what is withdrawn.
“Better’s digital HELOC offerings are a game changer for customers seeking flexibility during a difficult economic climate,”…
Heather Zeller is joining mortgage tech company Veros Software as VP of Marketing, the company announced in a press release.
Zeller brings more than two decades of marketing management and corporate strategy in the financial services, real estate, and fintech industries to the role. She will head marketing and communications for both Veros and appraisal management company Valligent, which Veros’ parent company acquired late last year.
“With her impressive experience and professional expertise in our industry, Heather will truly be an asset to the Veros and Valligent teams,” said Darius Bozorgi, CEO of Veros Software. “Her role is a vital part of the company that will strengthen our position in the market, and further solidifies our reputation as a leader…
Another Motto Mortgage franchise has opened, this one in Houston, TX.
Motto Mortgage Luxe Group is a Black-owned, full-service mortgage brokerage headed by Angela Martin and Toi Parnell.
Martin and Parnell bring a combined forty years of mortgage industry experience to the branch. Parnell most recently worked as a branch manager and senior loan officer at Nexa Mortgage and has also managed branches for LeaderOne Financial and Geneva Financial.
Both will originate mortgages in the new office.
“Motto Mortgage Luxe Group offers an advantageous alternative to the traditional mortgage bankers currently operating in Houston,” said Martin. “We provide the scope, scale and support of a large retail lender, while offering the flexibility, autonomy and exceptional service of a local mortgage…
By KIMBERLEY HAAS
Leaders at JPMorgan Chase have announced they acquired the substantial majority of assets and assumed the deposits of First Republic Bank from the Federal Deposit Insurance Corporation.
According to a press release issued on Monday, JPMorgan Chase will assume about $92 billion of deposits, including $30 billion of large bank deposits, to be repaid post-close or eliminated in consolidation.
The financial services firm, with operations worldwide, will acquire about $173 billion of loans and about $30 billion of securities, according to the press release.
Jamie Dimon, chairman and CEO of JPMorgan Chase, said government officials invited them and others to step up and take over the troubled First Republic.
Shares of First Republic dropped on Friday and…
Mortgage business growth platform Unify introduced a new product for finding quality leads, the company announced in a press release.
A subsidiary of Lone Wolf Technologies, Unify is a business growth platform designed for the residential mortgage industry. It serves some of the industry’s largest lenders, banks, credit unions, and brokers, with $47 billion in loans closed and just under one million loans originated annually.
Prequalified Leads gives users prequalified mortgage information that doesn’t impact customer credit scores.
“Unify understands the current economic conditions and how that can affect the hyper-competitive mortgage market,” said Rodney Eten, Director of Application Development.
“Our goal is to continue to provide our clients with industry-leading product solutions that enhance their business. Introducing Prequalified Leads…
