Jeff Pancer joined First Community Mortgage as EVP of Capital Markets, the company announced in a press release.
This is a newly created position at FCM.
“The creation of this position at this level underscores First Community Mortgage’s commitment to enhancing its capabilities and leadership team to better serve its customers and partners, and I am proud to be part of that strategy,” Pancer said.
Pancer brings more than thirty years of experience in secondary markets to the position. Prior to FCM, he held executive positions at HomeBridge Financial Services, both before and after its retail division was acquired by CMG Financial.
His other experience includes FVP, Secondary Markets at Indymac Bank; SVP, Capital Markets Manager at Opteum Financial Services;…
By KIMBERLEY HAAS
Rocket Pro TPO is kicking off its annual December to Remember event and the executive vice president says it will mean more for mortgage professionals this year than ever before.
Mike Fawaz and his team announced on Nov. 20 that they will again be spreading holiday cheer this month with wins focused on helping the broker community. He said during an interview with The Mortgage Note this week that due to the state of the market in 2023, brokers and loan officers are hustling to finish the year strong.
“To me, this year December to Remember becomes a lot more special than any other year because, for one, December to Remember came to life to help mortgage…
By KIMBERLEY HAAS
Leaders at a California-based digital lending solutions provider say they are using generative AI to redefine the financial services landscape.
The launch of Data Beats by Tavant was announced at the Mortgage Bankers Association’s annual convention and expo in Philadelphia this October. The platform will initially be used for mortgage and home equity products but it will be extended to all consumer loans and banking products.
Abhinav Asthana, fintech product business and growth leader at Tavant, said in a statement that the company’s mission is to stay at the forefront of innovation and to be the engineering partner of choice in the financial services industry.
“Data Beats exemplifies our commitment to providing our customers with an advanced…
Ascent Software Group, the appraisal software company behind Jaro, has acquired tech developer Value Acceptance.
Value Acceptance focuses on enhancing and modernizing products for the property service industry, including using LiDAR and augmented reality to create floor plan technology.
ASG says Value Acceptance will facilitate a “best-in-class” data collection tool for completing property data reports required by the GSEs.
“Joining the Ascent team, along with our ability to integrate our industry-leading property data collection technology across the Jaro suite, will supercharge our ability to get our innovative solution into the hands of as many property professionals as possible,” Tom Spencer, Co-Founder and Head of Sales and Marketing at Value Acceptance said.
“Combining forces with Jaro and Ascent means we can…
Mortgage POS company Floify hired Courtney Dodd as its head of marketing, the company announced in a press release.
In her new role, Dodd will lead Floify’s marketing team to “reinvigorate” the company’s brand and position it as a leading innovator in the field.
“I’m very excited about Floify’s mission to simplify and facilitate the point-of-sale processes to help people feel more confident and comfortable with applying for and following up on their loan,” says Dodd.
Dodd brings more than a decade of industry experience to the position. She previously served as Director of Integrated Marketing at SimpleNexus, driving business growth through enhanced brand relationships across audiences.
Her other experience includes product marketing manager at Ellie Mae (now ICE Mortgage…
By KIMBERLEY HAAS
SimpleNexus has officially rebranded as nCino’s Mortgage Suite and company leaders say customers can benefit from a more diverse and financially stable company.
Following its acquisition for $1.2 billion in stocks and cash in January of 2022, SimpleNexus’ market share in the mortgage point of sale space grew. Their products now touch about 25% of all residential loan originations in the United States.
Ben Miller, EVP of US Mortgage, said prior to the sale, SimpleNexus worked mostly with independent mortgage banks. Today, they work with more banks and credit unions.
Miller, who was a co-founder of SimpleNexus, played a leading role in the acquisition. He told The Mortgage Note that when nCino approached them, they weren’t for…
Guaranteed Rate rolled out a new discounted rate option for real estate agents to offer sellers as they compete for buyers.
The “Lock it, List it” program lets sellers working with a Guaranteed Rate loan officer to pay a fee and lock in a discounted rate for a prospective buyer. Sellers can then advertise that rate as part of the selling process, getting a leg-up over the competition.
“We want to offer real estate agents and their clients the opportunity to lock in a rate that they can market to their potential buyers. In an environment where rates can be volatile, this is a key selling point for a future buyer,” said Jeremy Collett, Guaranteed Rate’s EVP, Head of Capital…
Two high-level execs at Fannie Mae will retire in the next twelve months, leading to leadership changes, officials at the GSE announced.
Fannie Mae President David C. Benson is retiring in 2024, while Chief Administrative Officer Jeffery Hayward will step down at the end of this year.
“We’re deeply grateful to both Dave and Jeff for their leadership and decades of service,” said Michael Heid, Chair of Fannie Mae’s Board of Directors. “As they depart, we are implementing our succession plans and streamlining our leadership structure to continue advancing our strategy and our mission to serve homeowners, renters, and the housing market as a whole.”
Benson served for 21 years in various roles at Fannie Mae, including Interim CEO, CFO,…
Non-QM wholesaler LendSure Mortgage Corp. introduced a new program allowing borrowers to finance new investment properties without selling their existing assets.
The Reverse 1031 Exchange with Bridge Loan program is a new addition to the lender’s non-QM offerings for real estate investors.
The LendSure Bridge Loan requires no payments until the maturity or sale of a relinquished property, giving investors early access to capital for down payments on replacement properties.
“The addition of the Reverse 1031 Exchange with Bridge Loan to our solution toolkit is an exciting development in the changing market,” Joseph Lydon, Co-Founder and Co-Managing Director of LendSure, said.
“By utilizing our 1031 Exchange solution, investors can seamlessly transition sale proceeds into new, similar investments, effectively deferring taxes…
Real estate investment lender CV3 Financial Services announced two new c-suite appointments.
Robert Callaway has been named CFO, while Ken Jacobson takes on the role of SVP, Capital Markets.
“We are excited to welcome Robert Callaway and Ken Jacobson to CV3’s executive team,” said William Tessar, CEO and President of CV3.
“Their extensive knowledge and impressive track records in their respective fields will be invaluable as we continue to expand our business, strengthen our financial performance, and create long-term value for our capital partners and the real estate investing community that we serve.”
Callaway brings more than ten years of financial leadership in the real estate sector to the role, at both public and private companies. His past experience includes…
