By KIMBERLEY HAAS The CEO of United Wholesale Mortgage has come under fire after posting online that he is “disappointed” with Rocket Mortgage’s decision to offer buyouts to members of its workforce. Mat Ishbia posted on LinkedIn last week that this should not be necessary for a company that made over $5 billion in profits…
CBC Mortgage Agency’s Tai Christensen has been named chair of the American Mortgage Diversity Council (AMDC), the company announced in a press release. Christensen will succeed Lola Oyewole, the outgoing chair. “Working for a company that aligns closely with my desire to erase racial disparity in homeownership has been so gratifying,” Christensen said. “So, when…
St. Mary’s Bank has elected Stephen Grzywacz as Chairman and Elizabeth Hitchcock as Vice-Chairman, the company announced in a press release. Grzywacz served on St. Mary’s Board of Directors since 2010 and is President and CEO of Milford Lumber Company and Muir Lumber Corporation. He is also Treasurer and CEO of P.J. Currier Lumber Company,…
loanDepot has named Founder and Chairman Anthony Hsieh as its new Executive Chairman, while industry leader Frank Martell joins as President and CEO, a newly-created role, the company announced. Martell has also been appointed to the Board of Directors. As President and CEO, Martell will handle daily operations, while Hsieh will guide company strategy and…
By KIMBERLEY HAAS Leaders at Rocket Mortgage are working to end the digital divide in Detroit where it is estimated that one-quarter of residents do not have internet access. That number is down from nearly 40% in 2016, according to Dana Afana at Detroit Free Press, but those working on the issue say there is…
By KIMBERLEY HAAS Leaders at a California-based lender that generated $36.8 billion in origination volume last year say they are finding success because they focus on creating customers for life. Guild Mortgage, located in San Diego, has been originating and servicing residential loans since 1960. Their origination volume in 2021 was up about 5% from…
GrubHub’s Jonathan Zabusky is joining real estate brokerage Houwzer’s board as Executive Chairman, the company announced in a press release. Zabusky most recently served as the President and Board Director at GrubHub Inc., and is an advisor, entrepreneur, and investor. He was previously CEO of Seamless, which merged with GrubHub. He is also the Founder…
Open Mortgage has appointed Andrea Easter to be its first Chief Compliance Officer, the company announced in a press release. Easter will oversee the Compliance Department, managing all risk-related functions including the development and implementation of policies and procedures regarding state and federal regulations and agency requirements. Easter will also be responsible for the facilitation…
By KIMBERLEY HAAS Rocket Pro TPO is promising to clear eligible loans in no more than 15 business days and leaders there say they are able to guarantee these closing times because of the company’s investment in technology. Kevin Randolph, Senior Vice President of Operations at Rocket Pro TPO, said they have spent billions of…
Kelly Singh has joined direct mortgage lender Geneva Financial as its Chief Compliance Officer, the company announced in a press release. Singh brings 17 years of risk and compliance operations experience in both large and small businesses to the company. Prior to joining Geneva, Singh served as Director of Business Risk and Controls at USAA….
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