Small and mid-size mortgage lenders can now access Mobility Market Intelligence’s platform, the company announced.
MMI previously focused on enterprise accounts, but the company is now opening up to individual and SMB spaces.
“For several years now, small and mid-sized lenders with just a handful of LOs have expressed interest in MMI but haven’t met the threshold required of an enterprise client. This new channel will give smaller organizations access to the MMI platform’s powerful insights,” said MMI Vice President of Enterprise Sales Melissa Sike.
“We’re delighted to provide this option and look forward to witnessing the success smaller lenders find through this offering.”
Brokers and lenders with fewer than 10 loan officers can use the SMB channel, accessing the…
Rene Gonzales has been promoted to Chief Technology Officer at Cenlar FSB, the company announced in a press release.
Cenlar FSB is headquartered in New Jersey and services loans nationally. It is an employee-owned company with about 3,000 workers.
“I look forward to being the CTO and continuing our efforts to deploy innovative technology that demonstrates value to the company and our clients and their homeowners,” Gonzales said.
Gonzales brings a strong background in IT to the position. His previous experience includes leadership roles at PHH Mortgage, Altisource, Ocwen Financial, and Ally Financial. He joined Cenlar FSB in 2018.
As CTO, Gonzales will provide strategic tech leadership to Cenlar’s business units, partnering with leaders to leverage technology to generate value.…
Leaders at Rocket Companies have debuted a credit card with cashback rewards designed for homebuyers.
The Rocket Visa Signature Card is the first credit card with rewards created for this purpose, Rocket leaders said in a press release.
“Every day, consumers tap their credit card to refill their gas tank, stock up on groceries or pay for any number of other purchases. Now, those transactions can unlock the dream of homeownership for millions of consumers across the country,” said Haroon Mokhtarzada, co-founder and CEO of Rocket Money.
“We are proud to offer Americans simple and achievable ways to invest in their financial freedom, whether it’s budgeting with Rocket Money, or redeeming credit card points toward their mortgage down payment or…
By KIMBERLEY HAAS
Leaders at First Citizens Bank and Trust Company have entered into an agreement to acquire Silicon Valley Bridge Bank.
Silicon Valley Bridge Bank was created by officials at the Federal Deposit Insurance Corporation on March 13 after the collapse of Silicon Valley Bank. All deposits, insured and uninsured, substantially all assets, and all qualified financial contracts of Silicon Valley Bank were transferred to the bridge bank.
According to a press release, through an agreement with officials at the FDIC, First Citizens will assume Silicon Valley Bridge Bank’s assets of $110 billion, deposits of $56 billion, and loans of $72 billion.
“Today’s transaction included the purchase of about $72 billion of Silicon Valley Bridge Bank, National Association’s assets…
Mark Leslie is joining CBC Mortgage Agency as director, capital markets, the company announced in a press release.
“During my 22 years as a mortgage trader, I’ve worked through several extreme mortgage market cycles that taught me invaluable lessons that apply to today’s high-rate environment,” Leslie said.
“I look forward to using this experience to help CBC continue to provide down payment assistance programs that enable low- to moderate-income families across America to achieve homeownership.”
CBC is a national housing finance agency, recognized as one of the Top 25 Companies in Mortgage & Servicing by MReport. It is the provider of Chenoa Fund, a down payment assistance program offering up to 3.5% of the purchase price.
Leslie brings two decades…
Realtor.com’s George Ratiu is joining Keeping Current Matters as chief economist, the company announced in a press release.
“What I admire most about Keeping Current Matters is that we share a passion for breaking down the large volume of real estate data into meaningful insights that are easy for everyone to understand, whether it’s agents or consumers,” Ratiu said.
“I’m excited about the opportunity to join this effort and contribute my experience and expertise to empower people to make informed decisions and feel comfortable with one of the largest financial transactions of our lives.”
Ratiu brings more than fifteen years of real estate market data and research experience to the position. KCM says Ratiu shares its passion for a “people-first…
Harold Lewis is joining mortgage operating platform BSI Financial Services as president and COO, the company announced in a press release.
BSI Financial provides a cloud-based, open API and AI-driven platform for mortgage servicing, including automated loan boarding, investor reporting, and data-driven loan monitoring throughout the loan’s lifetime.
This is a newly created position at the company. Lewis is tasked with scaling BSI’s platform, improving operational efficiency, reducing risk, and spearheading tech advancement and talent acquisition.
Lewis will report to Gagan Sharma, founder and CEO of BSI Financial.
“I am thrilled to be joining BSI Financial Services and look forward to working with our talented team to drive further growth and create increasing value for our customers,” Lewis said.
Prior…
Guild Mortgage CEO Mary Ann McGarry is retiring this June after forty years in the industry, leaders at the lender announced in a press release.
McGarry joined Guild in 1984 as a supervisor in internal audit. She was promoted to SVP of loan administration and information technology soon after and joined the board of directors in 1988. She then served as CFO, chief production operations officer, and COO, before becoming president in 2005.
In 2007, she became CEO and led a management buyout of the company from its founder.
“On behalf of the board of directors and the entire company, we are forever grateful for Mary Ann’s extraordinary contributions to Guild,” said Patrick Duffy, chairman of the board.
“We look…
Daily AI, a customer relationship management company, is rebranding as Aidium Mortgage CRM.
Company leaders say months of research and analysis revealed the name suited the company’s vision and goals while reflecting its focus on innovation and customer service.
“We’ve been in the mortgage CRM space for many years, and this rebranding effort represents a strategic move to better align all our brands under one company with our mission to help mortgage companies succeed,” said Spencer Dusebout, CEO of Aidium.
“We’ve always been dedicated to providing the best solutions and customer service in the industry, and our new brand reflects that commitment.”
The rebrand includes updates to the company’s core product, website, marketing materials, and other communications. Aidium says the…
Kinecta Federal Credit Union announced C-suite changes, with Jason Pendergist replacing Mike Squire as SVP and chief lending officer.
Pendergist will be responsible for leading Kinecta’s lending division and will report to Keith Sultemeier, President and CEO of the credit union.
“We’re honored to welcome Jason Pendergist to our leadership team,” said Sultemeier. “Jason’s proven leadership in regional and community banking and his expertise in consumer and commercial lending are well suited to help us meet the needs of our members and to be their financial institution of choice.”
Squire has transitioned to SVP and chief experience officer.
“Mike Squire has transitioned to chief experience officer, where he can leverage over 10 years in leadership roles at Kinecta to provide…
