Long-time mortgage industry executive Rick Thornberry is retiring as the CEO of the Radian Group just months after overseeing a major business shift into a multi-line insurer. Processing Content The company closed on its purchase of Inigo, a Lloyd’s specialty insurer in February; it is still in the process of selling its real estate services […]
Radian names ex-Mr. Cooper president as next CEO Read More »
NEXA Lending entered into what it described as a “strategic investment and phased acquisition agreement” with Copper Ridge Ventures. Processing Content Copper Ridge Ventures is a holding company for mortgage joint ventures owned by Tim Owens. NEXA noted its president, Geri Farr, and Tammy Richards, its chief strategy officer, have had a relationship with Owens
NEXA makes ‘strategic investment’ in Copper Ridge Ventures Read More »
Freedom Mortgage has agreed to pay a $750,000 settlement to resolve a Fair Labor Standards Act complaint from a class of over 900 employees. Processing Content A federal judge last month granted preliminary approval to the agreement between the large lender and servicer and remote call center employees. The lawsuit filed last March claims that
Freedom Mortgage settles FLSA suit with call center workers Read More »
Compensation for leaders at publicly traded mortgage giants wavered last year, although a few executives received massive stock awards. Rocket Cos. CEO Varun Krishna led the field with $52.9 million in total compensation in 2025, according to the company’s annual report. Like his peers however, the majority of his earnings came in stock-related awards, although
The highest paid mortgage executives in 2025 Read More »
Union Home Mortgage made another major hire this year, appointing a new chief information officer Tuesday. Processing Content Dino Lack, a 21-year veteran in the mortgage technology space, will lead Union Home’s efforts to improve the lending experience through advanced workflow automation and artificial intelligence integration, the company said in a press release. “We believe
Former Newrez CIO takes same position at Union Home Mortgage Read More »
Women made up approximately one-third of the submitted entries to this year’s Top Producers survey, and three of them did over $100 million in volume in 2025. Processing Content Tammy Saul of Federal Hill Mortgage led the way with a total volume of $235.7 million. Had she not been omitted from the original listings due
Top female mortgage originators of 2025 Read More »
When doing these surveys over the years a common comment we receive is that they reward those who have high unpaid principal balance totals because they get their loans from areas with elevated home prices. Processing Content To recognize those who do plenty of business, but whose results are not seen in the dollar totals,
2026 Top Producers by number of loans originated Read More »
Maintaining a back-to-basics philosophy in turbulent times is what helped set these leading mortgage originators ahead of the crowd during 2025. Processing Content The No. 1 producer, Shant Banosian, added to his responsibilities in 2025, becoming the president of Rate. Still, he stuck to the basics, working with his Realtor referral partners, helping them navigate
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For the fifth time in the past six years, the National Mortgage News Top Producers Survey results are headed up by a loan originator who produced over $1 billion. Processing Content Shant Banosian, president of Rate, did over $1.03 billion during 2025, with Mark Cohen of Cohen Financial just behind at $933 million. Furthermore, 29
2026’s Top Producers: numbers 50-1 Read More »
Dozens of fired Fannie Mae workers are mulling their next steps after a judge dismissed their defamation complaint against the mortgage giant. Processing Content U.S. District Judge Leonie M. Brinkema last week granted Fannie Mae and the governments’ motions to dismiss the lawsuit, seven months after it was filed. The case was dismissed without prejudice,
Fired Fannie Mae workers’ defamation lawsuit dismissed Read More »