Selma Hepp has been named chief economist at CoreLogic, the company announced in a press release.
“I am honored and thrilled to lead our team as we continue to generate industry-leading, data-driven insights and thought-provoking perspectives on all things housing. Given the challenges of today’s housing market, CoreLogic’s depth, wealth, and consistency of data position us to provide clear and actionable views of the property ecosystem, and bring value to our clients and broader markets,” Hepp said in a statement.
Hepp was named interim chief economist in July 2022 and has now cemented the title. In her role, Hepp oversees the economics team that analyzes and forecasts housing and economic trends in real estate, mortgage, and insurance.
Before her interim…
Danya Sawyer is joining Altisource Asset Management Corporation as Chief Operating Officer of its Alternative Lending Group, the company announced in a press release.
In her new role, Sawyer will oversee operations across the company’s product lines for real estate investors and developers.
“I am excited to join Jason and the experienced team at ALG,” said Sawyer. “The potential to differentiate ALG as an institutional lender within the private lending space affords our Company incredible opportunity for growth amidst various market conditions.”
Sawyer brings more than two decades of experience in operations, capital markets, product management, and compliance to the position.
She most recently served as Senior VP, Client Solutions at Consolidated Analytics, where she handled originator assessment and due…
By KIMBERLEY HAAS A new automated valuation model that recently hit the market uses a national property database, geospatial comparable data, and artificial intelligence to help users evaluate properties. Altisource, founded in 2009, is a provider of services and technology for the mortgage and real estate marketplaces. Their NestRange AVM helps with valuations for originations and defaults. The original AVM model was built as an in-house tool, according to Chief Strategy Officer and CTO Israel Meir. “Early last year, we felt that we were at a pretty good place to package this up and offer it as a commercial system in addition to continuing to use it internally,” Meir said in a recent interview with The Mortgage Note. NestRange was…
Planet Home Lending has a new team in Kissimmee, Florida, the company announced in a press release. Ricardo Maldonado, retail branch manager, will lead a group of ten mortgage loan officers. The team includes several bilingual English/Spanish speakers to better serve the community. Maldonado noted the burden of home prices on regular Floridians. The group will help potential buyers find down payment and closing cost opportunities from the Florida Housing Finance Commission that may help residents buy a home now, rather than saving for years to come. They also offer seller-paid interest rate buydowns that can benefit buyers and homeowners who want to move their property quickly. “Home listing prices had risen 15.6% at the end of 2022 and the…
BMO Financial Group announced it has partnered with Blend Labs and the Federal Home Loan Bank of Chicago to allow eligible U.S. customers to refinance completely online, leading to a faster and more secure lending experience. So long as the customer’s property is in a state and county that allows the recording of e-signatures and digital notaries, there is no longer any in-person requirement for refinancing. “Through our membership with FHLBank Chicago and partnership with Blend, we have created an end-to-end digital experience that empowers customers with expediency and control, while offering access to lending experts throughout the process,” said Mark Shulman, Head of U.S. Consumer Lending at BMO. Blend Lab’s Close product drives the bank’s shift to digital refis.…
Fintech LenderClose announced it is rebranding as Coviance, the company announced in a press release. The rebrand “reflects the company’s next phase of growth” as a transformative technology partner that allows lenders to efficiently scale home equity volume and close in a matter of hours. “The evolution of our technology has advanced us into a new era on our mission to perfect the lending experience,” says Omar Jordan, Founder & CEO of Coviance. “Our technology empowers Credit Unions and Community Banks to compete with fintechs, delivering the best borrower experience with a more humanized touch.” Coviance was founded in 2015 by Omar Jordan with the goal of offering community lenders a user-friendly tech solution to lend more efficiently, faster, and at…
Reggora updated its order management platform to embed borrower’s appraisal information into a lender’s POS system, the company announced in a press release. The update improves borrowers’ experience by resolving common issues in the appraisal process. Lenders can collect payments, show appraisal status, and schedule inspections within their POS system. Reggora says the update reduces IT resources required to implement and maintain the integration with a developer-friendly API. “The appraisal is a critical part of the loan process, but, despite all the progress towards a digital mortgage, the appraisal is still done entirely offline,” said Will Denslow, Co-Founder and CTO of Reggora. “There’s a tremendous opportunity for lenders to differentiate by fixing the appraisal experience, and this integration makes it…
Wells Fargo is reducing its home lending footprint, a move that experts say will have major ramifications in the mortgage industry. Formerly the nation’s largest mortgage lender, the bank announced Tuesday that it is exiting the correspondent lending channel and shrinking its mortgage servicing portfolio. “We are making the decision to continue to reduce risk in the mortgage business by reducing its size and narrowing its focus,” Kleber Santos, CEO of Consumer Lending, said in a statement. The company’s correspondent arm accounted for 42% of its loan originations in Q3 2022. Demand is down across the country due to affordability issues and high mortgage rates. Lenders are seeing originations shrink, resulting in closures and layoffs. Wells Fargo has suffered the…
Kelly Zitlow is rejoining Cornerstone Home Lending (CHL) as its EVP of Sales and Engagement, the company announced in a press release. “I could not be more excited to be back ‘home’ with Cornerstone Home Lending,” she said. “During a time when many mortgage companies are struggling, Cornerstone Home Lending continues to be a standout leader in the industry, providing strength and stability in the market by expanding product/service offerings and carefully considering the needs of its clients.” Zitlow worked for CHL as a Certified Mortgage Planning Specialist for just over three years, starting in 2017. During this time, she was a nationally-recognized originator who ranked among the country’s top producers. In early 2022, however, she left the company to…
Leaders at St. Mary’s Bank have announced that Ken Senus has been named president and CEO. Senus takes over for Ron Covey, who retired at the end of 2022. Prior to being promoted, Senus was the company’s executive vice president and chief operating officer. He said he is honored to continue to build on the foundation Covey helped establish during his 14 years of service. “I look forward to continuing to leverage technology and innovation to enhance our member and employee experiences while embracing the credit union philosophy to give back to the community that Ron exemplified for years,” Senus said. St. Mary’s Bank has 11 branch locations in New Hampshire and is known as the nation’s first credit union.…
