Jessie Ermel Joins Geneva As CCO

Legal expert Jessie Ermel has joined Arizona-based Geneva Financial as Chief Compliance Officer. As CCO, Ermel will spearhead quality control and compliance through the mortgage operations of the company while navigating regulation. “I am excited to embark on this new chapter with Geneva Financial and to lead such a talented compliance group,” Erme said in a press release. “I look forward to contributing to Geneva’s continued success and upholding the highest standards of compliance excellence.” Geneva noted that Ermel has experience creating compliance departments from the ground up, giving her the necessary know-how for her new role as CCO. She is a licensed attorney in Colorado. Her previous experience includes serving as General Counsel for Homie and as vice president…

Geneva Launches Portfolio Lending Division

Direct mortgage lender Geneva Financial has launched an in-house Portfolio Lending Division. The division is starting out with $55 million in managed funds available to assist investors, builders, and clients of their real estate agents. It will offer ground-up or Fix and Flip loans, plus bridge loans for investors of between six months and three years. Its signature bridge loan, “Transition,” allows borrowers to buy a new home before their current home is sold. Portfolio Lending will also offer long-term financing to owner-occupied borrowers who don’t currently fit into Geneva’s existing guidelines. “This new division is an exciting addition to our already robust offering,” Geneva Financial CEO Aaron VanTrojen stated about the announcement. “More than that, we are delighted to…

Morning Roundup (4/4/2022)– Young Buyers Priced Out In 2022

Good Morning! Today is Monday, April 4. Ukraine accused Russian forces of executing civilians in a Kyiv suburb before retreating. At least six people were killed after gunfire erupted in downtown Sacramento, California. Tesla CEO Elon Musk disclosed a 9% stake in Twitter. The Mortgage Note Reports Young Buyers Priced Out: The share of younger home buyers is declining after peaking in 2020, but is higher in more affordable metros. Geneva CCO: Kelly Singh has joined direct mortgage lender Geneva Financial as its Chief Compliance Officer. In Case You Missed It: People in the mortgage and real estate industries are speculating on whether 2022 will be a year of growth or the start of the end for a red-hot market…

Kelly Singh named Geneva Financial CCO

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. She has also worked for LenderLive Network as vice president of Fulfillment Operations and Conduit Services, and vice president of Compliance at Integrated Asset Services, according to her LinkedIn. “We are honored to welcome Kelly Singh to Geneva,” said Telle VanTrojen, COO and Partner of Geneva Financial. “She will provide invaluable guidance as we continue to experience unprecedented growth. The level of experience and professionalism…

Morning Roundup (12/13/2021)– Mortgage Credit Down, OCC Reports Improvement

Good Morning! Today is Monday, December 13. At least 90 people are dead after tornadoes leveled 250 miles across six states. Stock buybacks hit a record $234.5 billion in Q3 as companies responded to pandemic hardship. Chris Wallace is leaving Fox News to join CNN. And in mortgage and housing news… Reality Check: There will be more houses on the market in 2022 because of the number of people who have died due to COVID-19 and its variants, a sobering reality was highlighted during the National Association of Real Estate Editors conference in Miami, Fla., last week. Mortgage Credit Down:  Mortgage credit availability shrank in November, falling by 0.6% to 124.9, according to MBA’s Mortgage Credit Availability Index. OCC Reports…