Bank7 has acquired First American Mortgage, expanding its mortgage presence across its locations in the South and Midwest. Company leaders say the acquisition aligns with Bank7’s commitment to growth and innovation, solidifying its position as a leading community-focused bank. “First American Mortgage has always been committed to providing exceptional service and streamlined mortgage solutions. Partnering…
Regions Mortgage named Drew Chuba as senior vice president, Home Loan Direct centralized sales and enablement manager. In his new role, Chuba will spearhead digital mortgage solutions borrowers can access from their phone, tablet, or computer. “Regions Bank has long been recognized for its strong attention to customer service… By delivering more enhanced technology solutions,…
Dark Matter Technologies is expanding into the servicing market with a new offering. The platform, formerly Mortgage Builders’ CMS Servicing, is enterprise-level and cloud-based, with a full suite of loan servicing solutions. It offers customer service, payment processing and cashiering, escrow management, investor reporting, default management, and a white-label consumer portal for borrower self-service including…
Daniel Figurski has joined SingleSource Property Solutions as chief appraiser, spearheading its goal to expand the company’s valuation services. “From my first meeting with the team, it was clear that the company fosters a corporate culture where employees genuinely care for one another, the organization, and their clients,” Figurski said in a press release. “This…
The president of OCMBC has been arrested after allegedly killing an elderly man while driving under the influence. Serene Rosenberg, known in the mortgage industry as Serene Vernon, has been put on administrative leave, the company announced in a press release. John Hamel, former Chief Capital Markets Officer, has assumed the permanent role of President….
Kind Lending launched a new broker reward initiative that lets its partners access exclusive benefits and elevate their businesses. The Top Dog Program offers three tiers. As Good Dogs, brokers gain access to pilot participation in new programs, helping them stay ahead of the curve and maximize their potential. Big Dogs get one early payoff…
PHH Mortgage Corp. settled with the U.S. Department of Housing and Urban Development to resolve allegations of illegal “pay-to-pay” charges. HUD accused PHH of unlawfully charging fees to borrowers making a mortgage payment, violating requirements laid out by the Federal Housing Administration. Specifically, HUD says PHH charged borrowers making a payment over the phone (both…
Ally Financial is winding down its mortgage origination business, saying its borrowers are struggling with debt. The company will also cut less than 5% of its workforce. They have about 11,000 employees. “As we continue to right-size our company, we made the difficult decision to selectively reduce our workforce in some areas, while continuing to…
Digital lender Lower launched a new mortgage origination platform with the help of Neat Labs’ proprietary technology. The company acquired Neat Labs, an end-to-end mortgage origination software company that has originated more than $1 billion in loans since its founding in 2015. Steve Herschleb, co-founder and CTO of Neat Labs, will join Lower as its…
Rate Insurance unveiled new AI-driven features within its sales and service platform, powered by Rate Intelligence. These additions to the platform enhance customer experience and help agents maximize their efficiency. It’s another step towards a comprehensive AI strategy across all Rate brands, the company says. “Our goal at Rate Insurance is to continue to invest…
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