Loan management and servicing platform Peach Finance has joined forces with Google Cloud to produce new AI-driven technology, the company announced in a press release. “Peach has leveraged Google Cloud from day one, benefiting from Google Cloud’s experience running safe, performant, and secure cloud infrastructure. With AI, Google Cloud has applied the same security and…
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…
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…
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…
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…
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…
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…
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,…
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,…
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…
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