Deephaven Mortgage has hired Aaron Drago as its new Chief Operating Officer, the company announced in a press release.
“It’s an absolute honor to join such an esteemed organization focused on innovation and growth,” Drago said in a LinkedIn post.
“Deephaven already differentiates itself through its agility and highly responsive service. In nautical terms, we’re a yacht, rather than a cruise ship, with the flexibility to make changes that cater to customers’ emerging needs. I’m excited to help us innovate our operations and leverage technologies to build on that advantage—and ultimately empower brokers and correspondents to serve more Non-QM borrowers,” he said.
Drago brings decades of experience, including c-suite positions, to the company. He most recently served as COO for…
By KIMBERLEY HAAS Race car driver Tyler Reddick will debut the new Guaranteed Rate No. 8 Chevrolet at the first-ever Busch Light Clash at the Coliseum this Sunday. Reddick said Sunday’s event is an exhibition race, so points do not matter and all the drivers will be going all-out to try and win. “It’s going to be a wild race for drivers and fans alike, so I couldn’t think of a better place to officially debut Guaranteed Rate’s amazing new look,” Reddick said in an article for Guaranteed Rate. Guaranteed Rate Vice President of Marketing and Sports Partnerships Steve McNelley says they are thrilled about the partnership. The company specializes in mortgage lending and digital financial services. “Our focus on…
Guaranteed Rate has appointed two new Divisional Managers, the company announced in a press release. Ryan Ogata, who joined Guaranteed Rate in 2017, has been named Divisional Manager overseeing the Northwest market, including Alaska, Oregon, Washington, and Northern California. Ogata previously served as a regional manager. Guaranteed Rate’s loan volume in Northern California rose more than 600% in the four years since he joined the company. “Guaranteed Rate offers best-in-class technology, service, and sales leadership, which allows our teams to expand their presence in our markets and better serve homebuyers throughout the entire mortgage process,” said Ogata. “I’m excited to continue recruiting and developing top talent in sales and operations.” Tim Sorenson, who also joined the company in 2017, has…
Good Morning! Today is Tuesday, November 30. The W.H.O called the Omicron variant a “very high” risk to global health. Jack Dorsey stepped down as Twitter’s chief executive. Barbados swore in its first president, officially becoming a republic and cutting ties with England. And in mortgage and housing news… Your Company’s Favorite Charity Could Receive $1,000: Across the country this December, mortgage professionals will be stepping up to help people in need, support community charities, and generally help make the season a little brighter. The Mortgage Note wants to celebrate those efforts by highlighting them in an upcoming edition of this newsletter. One office’s favorite charity will receive a $1,000 donation from The Morgage Note! Details here. SFRhub Teams Up With…
Mortgage lender Guaranteed Rate Inc. has agreed to pay a $15 million fine to resolve allegations it failed to properly and adequately underwrite federally backed loans, the Department of Justice announced. DOJ said Guaranteed Rate “knowingly failed to comply with material program rules that require lenders to maintain quality control programs to prevent and correct underwriting deficiencies, self-report any materially deficient loans that they identify, and ensure that the underwriting process is free from conflicts of interest.” Guaranteed Rate said in a statement that the company “worked with the DOJ to identify some mistakes and made the necessary improvements to our operations.” “Guaranteed Rate is committed to doing the right thing and serving the needs of our customers,” the company…
