Industry veteran Amy Slotnick has been promoted to President of National Branch Optimization- Sales at Fairway Independent Mortgage. In her new role, Slotnick will implement initiatives centered around loan manufacturing efficiencies throughout the Fairway sales network. She will continue to originate loans out of Newton, MA. She will work alongside Fairway’s Chief Strategy Officer Joy…
Linda Davidson has been named Fairway’s new President of National Branch Optimization– Operations. Davidson joined Fairway Independent Mortgage Corporation six years ago, contributing to a nearly thirty-year career in the mortgage industry. “Fairway’s commitment to operational excellence and our core value of ‘Speed to Respond’ is unparalleled in the industry,” Davidson said. “I am excited…
Fairway Independent Mortgage must pay nearly $10 million to settle allegations of redlining in Birmingham, AL. The Consumer Financial Protection Bureau accused Fairway of withholding credit from predominantly Black neighborhoods, a form of illegal lending discrimination. According to the Bureau, Fairway refused to act on data showing it didn’t serve majority-Black neighborhoods in the area…
Snapdocs and Fairway Independent Mortgage Corporation recently completed the largest eNote migration in mortgage history. The migration was done as part of Fairway’s integration of Snapdocs’ eVault. Fairway is a leader in eClosing and operates hundreds of branches across the U.S. The company has eClosed more than 100,000 transactions in the last five years and…
Joy Knoch has been promoted to Chief Strategy Officer at Fairway Independent Mortgage Corp., the company announced. In this newly created role, Knoch will oversee origination and processing, training, and lending tech systems. “Our goal is to use systems to streamline our loan manufacturing process and improve the loan experience for borrowers, loan officers, and…
Earnings for the third quarter of 2023 are out offering a view into how lenders did. Here’s a snapshot of how some of the nation’s top lenders handled this summer. Rocket Mortgage Rocket reported solid earnings with a net revenue boost of 12.8% YOY, though profits remained effectively flat from Q2 at $1.2 billion. Originations…
By KIMBERLEY HAAS The housing market traditionally cools during the holiday season as people focus on family and friends but industry leaders say it is a good time for potential sellers and buyers to weigh their options. After mortgage rates recently surged above 7%, real estate activity and consumer sentiment took a nosedive. Home delistings…
Fairway Independent Mortgage is rolling out a new program for first-time homebuyers in select communities, the company announced in a press release. The program, called Fairway Community Access, will offer qualifying first-timers up to $7,000 towards the down payment and $500 in the form of an appraisal credit, should appraisal be necessary. Borrowers who plan…
By DARIA BACHMANN United Wholesale Mortgage is facing more public scrutiny as court battles — and backlash from brokers — mount. The second-largest mortgage lender in the nation, UWM has come under criticism over how it treats both its employees and its customers. UWM announced in April it would force brokers to sign an agreement that they will…
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