Servicing fintech Haven introduced Haven Wallet, a program that allows lenders to continue interacting with borrowers through the life of the line. Haven Wallet is a turnkey, digital experience that provides borrower engagement opportunities even after the loan is sold, fostering long-lasting relationships between homeowners and originators. It offers the following benefits: Borrowers access a…
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…
The Consumer Financial Protection Bureau and the U.S. Department of Justice are suing developer and lender Colony Ridge, alleging it targeted Hispanic borrowers with “bait-and-switch” land sales and predatory loans. The lawsuit claims Colony Ridge gave borrowers inaccurate information about homesites and coerced them into loans they could not afford, according to the CFPB’s press…
Wholesale Non-QM lender Newfi Lending announced EquityChoice, a new type of shared appreciation mortgage. The product comes in response to record-high equity amassed by Americans since the pandemic housing boom. High rates are keeping that equity stored away, as many homeowners are reluctant to tap into it through traditional financing options. EquityChoice gives homeowners access…
David Smith has been promoted to Vice President of National VA Lending at loanDepot, company leaders announced. In this newly created role, Smither will spearhead loanDepot’s VA lending strategy, including outreach to both the military community and industry pros to promote knowledge of VA mortgage products. He will specifically lead the company’s VA Council, a…
Newrez announced a new venture mortgage company with Keller William Bergen County Partners. Headquartered in Ridgewood, NJ, Carnegie Mortgage Partners allows homeowners in New Jersey to access a network of real estate agents offering mortgage product suites from Newrez and Newrez Ventures. “We are excited to partner with Newrez because their vision, and more importantly,…
Fintech NewDay USA has been named a finalist for the U.S. Chamber of Commerce Foundation’s 2023 Citizens Awards, honoring businesses devoted to positively impacting lives across the globe. NewDay, a VA mortgage lender, was nominated in the Best Corporate Steward: Small and Middle Market Business category for its commitment to veterans and their families in…
Industry stalwart Jim Anderson is joining Colorado-based Loan Simple as its new chief marketing officer. “We’re excited to announce that Jim Anderson has joined the Loan Simple family as Chief Marketing Officer. With over 20 years of experience at Finance of America, Stearns Lending, Certainty Home Loans, CNN, Accenture, and The Weather Channel, he brings…
Mortgage tech company ReadyPrice launched an independent universal delivery portal, the company announced in a press release. Independent mortgage brokers can source loans from multiple lenders, lock them in, and deliver them to borrowers on a single platform. “Independent mortgage brokers are the core of our industry, and they’re needed now more than ever. They…
New American Funding and The Agency are partnering to meet the needs of The Agency’s clients, with NAF becoming the preferred mortgage lender of The Agency. NAF, which marks its 20th anniversary in 2023, holds the distinction of being the largest Hispanic-owned mortgage lender in the U.S. Meanwhile, The Agency has earned global recognition as…
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