OCMBC president Serene Vernon commented on the acquisition: “We are thrilled to welcome Wes Hunt and the entire HomeStar Financial team to the OCMBC family. Their extensive experience in servicing and their commitment to providing outstanding customer service align perfectly with our values at OCMBC. We look forward to achieving remarkable things together.” “HomeStar is … [Read more…]
“A lot of borrowers call and immediately start with ‘I want to do 20% down. I want a 30-year fixed loan’,” he said, explaining how many clients are unaware that putting slightly more down could yield better rates, especially when purchasing specific types of properties like condos. This is where the expertise of the loan … [Read more…]
Minami’s current holdings also include 6,655 shares of unvested restricted stock, which are set to vest on May 15, 2025, provided he continues his service with the company through that date. The transaction was officially documented on August 26, with David Gordon signing off as attorney-in-fact for Minami. The Atlanta-based real estate investment trust, focused … [Read more…]
That “dramatic” expansion, according to Betancourt, has arrived in part thanks to growing understanding among a wide swathe of borrowers, not just in the Hispanic community, of the viability non-QM loans can offer. “If you’re a self-employed borrower, there are other alternatives to the traditional way of qualifying, which is what non-QM aims to fill … [Read more…]
Hutchens, who has been with Angel Oak for over a decade, will now lead the company’s overall strategy and growth initiatives. “It’s an honor to step into this new role at the firm and play a bigger part in driving all facets of Angel Oak Mortgage Solutions,” Hutchens commented. “I’m excited to dive into this … [Read more…]
The rating agency pointed to the relative stability of FOA’s executive management team as a key factor in the ranking. While there have been some changes – such as the addition of a new chief marketing officer, chief compliance officer, and chief financial officer following the AAG acquisition – DBRS Morningstar noted that the overall … [Read more…]
A key aspect of OptifiNow TPO is its integration with 5th Street Capital’s loan origination system (LOS). This integration automates broker account and contact synchronization, providing real-time insights into loan activity and production volume for account executives. “OptifiNow prevents confusion by ensuring that broker accounts are properly assigned to our account executives,” said Russell. “The … [Read more…]
For example, loans closed within 15 business days earn an extra 1,500 points, while those closed within 21 days receive 1,000 bonus points. According to A&D’s media release, other point-earning opportunities include: 1,500 points for joining the program 500 points for completing a New Broker Orientation Webinar 500 points monthly for attending live webinars 500 … [Read more…]
“Today’s borrowers don’t fit in a one-size-fits-all mortgage,” PrimeLending chief production officer Tim Elkins said in a release announcing the launch of the new offering. “With Loan Lift we can offer our customers more options and more expertise when financing a home. It’s just one more example of how the customer always comes first at … [Read more…]
“The timing could not be better for us to enter this market with our solutions-based approach to this product segment – the broker community is the most significant it has been since 2009, with almost 25% market share of mortgage transaction activity,” Wells said in a Press release. “The broker community is scaling rapidly as … [Read more…]