Fintech industry veteran Tony Farnsworth joined CRM platform Aidium as VP of Sales. In his new role, Farnsworth will drive the company’s sales strategy and long-term growth. “We’re thrilled to welcome Tony to Aidium. His track record in business development and leadership within the fintech space will be key to driving our continued growth,” said…
September was a turning point for demand, as cooling rates sent refinances soaring and cautious potential buyers stepped out of the shadows. Mortgage lock volume increased 3.17% month-over-month, according to a new analysis from Mortgage Capital Trading. “This data signals a potential shift in strategy for loan officers, who are increasingly targeting borrowers looking to…
Human resources expert Robin Benoit has been named Acrisure’s Chief People Officer, the company announced in a press release. Benoit officially takes the title on September 29, but has served in an interim capacity since March, when she joined the company. “We are thrilled to officially welcome Robin Benoit as Acrisure’s Chief People Officer,” Greg…
The Consumer Financial Protection Bureau ordered Fay Servicing to pay a $2 million penalty for allegedly breaking mortgage servicing laws and violating an agency order. The CFPB contends that Florida-based non-bank servicer Fay Servicing ignored a 2017 order and took prohibited foreclosure actions against borrowers requesting mortgage assistance. The company failed to offer borrowers the…
Mortgage rates fell further last week but buyers are waiting to see how far they’ll go before jumping into the market. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.77%, down 12 bps from the week prior’s 6.89%. A year ago at this time, the 30-year FRM averaged 6.78%. This is…
High rates and soaring prices are preventing many Americans from achieving the dream of homeownership, but current homeowners are optimistic about the housing market. TD Bank surveyed nearly 2,000 homeowners across the nation and found that a majority (67%) think buying a home is still attainable, while 38% plan to buy a new house in…
Guaranteed Rate announced the official launch of its rebrand, changing its name to “Rate” effective immediately. The company says the change “reflects the company’s commitment to innovation, simplicity, and a seamless customer experience.” It recently posted the change on social media, debuting its new logo. “Rate’s rebrand is more than just a name change; it…
Click n’ Close expanded its down payment assistance loan products with a shared appreciation option. The DPA with Shared Appreciation program gives borrowers a low interest rate for first-lien FHA and USDA loans and a repayable second lien in exchange for up to 40% of the home’s appreciation in the first five years. After that…
Rick Allen has been named Chief Operating Officer at Optimal Blue, the company announced in a press release. In his new position, he will focus on operational oversight across the company and work to enhance efficiencies and execution. “Our clients have long relied on our technology and data to operate profitably and efficiently, and our…
Matt Kingsborough has joined Planet Home Lending as Regional Sales Manager, the company announced in a press release. Kingsborough brings more than twenty years of industry experience to the position. He will oversee Planet’s expansion in the Western U.S. Kingsborough said he emphasizes personal and professional development among employees, focusing on work-life balance to encourage…
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