By KIMBERLEY HAAS SingleSource Property Solutions recently celebrated its 25th anniversary, and leaders at the provider of mortgage services for the housing industry are already thinking about the next 25 years in business. “On various occasions, I’ve said, ‘On so many fronts, we are just getting started,’ and that still holds true. We continue to…
By KIMBERLEY HAAS United Wholesale Mortgage is facing a class action lawsuit claiming the company violated the Employee Retirement Income Security Act. A complaint was filed in the U.S. District Court for the Eastern District of Michigan on April 28. The plaintiffs, who are former employees, allege that UWM, its Board of Directors, and the…
By KIMBERLEY HAAS People who want to buy their first home in 2025 are rolling up their sleeves and getting down to business. “They’re really doing a lot of work around it. They’re spending some time and really trying to research what it takes to own a home,” Scott Lindner, national sales director at TD Bank…
By KIMBERLEY HAAS The new CEO of Dark Matter Technologies is focused on delivering value for clients and helping lenders thrive. Sean Dugan says that it all starts with the company’s culture. “Our clients will absolutely see an impact on their business on whatever culture that we build at Dark Matter, so that culture will…
By KIMBERLEY HAAS United Wholesale Mortgage is being sued by Ohio Attorney General Dave Yost, who accuses the lender of conspiring with brokers to rip off consumers. “Buying a home is hard enough without having to worry about a lender scheming behind your back,” Yost said in a statement. “This predatory business practice has no place…
By KIMBERLEY HAAS Rocket Pro will be making its debut on the ARIVE loan origination platform for mortgage brokers next week. Starting on April 22, the broker community can use ARIVE to access real-time loan pricing, interest rates, and product eligibility from Rocket Pro. Company leaders at Rocket say that to best serve the broker…
By KIMBERLEY HAAS A proposed bill that would allow college students in California to sleep in their vehicles highlights how unattainable housing is for young adults. According to the Community College League of California, 24% of community college students surveyed in 2023 said they had been homeless in the past year. A 2020 report by…
The founder and president of Blue Sage Solutions says efficiency is the key to success in today’s mortgage industry. Carmine Cacciavillani has over 40 years of experience in the creation of complex software-based business solutions, with over three decades spent in the mortgage industry as a solutions provider. In 2011, he founded Blue Sage Solutions….
By KIMBERLEY HAAS The land banking industry is evolving as homebuilders develop relationships with these investors to finance deals. John Burns Research and Consulting held a virtual webinar about land banking on March 25. Will Frank, senior vice president, consulting, and Don Walker, managing principal, consulting, spoke about this alternative capital source for builders. Land…
By KIMBERLEY HAAS Developing federal land for housing could become a reality under the new Trump administration. U.S. Department of Housing and Urban Development Secretary Scott Turner and U.S. Department of the Interior Secretary Doug Burgum announced a partnership between the two agencies on March 17 that could make federal land available for residential use. “Our…
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