Go Mortgage has named longtime lending executive and technology advocate Jay Promisco as CEO. Processing Content The former president of Sierra Pacific Mortgage, Promisco moved over to take the helm at Columbus, Ohio-based Go after the acquisition of originations assets belonging to his previous company last year. The news was first reported in The Mortgage […]
Go Mortgage appoints Jay Promisco as CEO Read More »
Left to right: Darren Halpern, Tyler Wichmann St. Petersburg, Florida-based lender and servicer Marlin Mortgage announced the promotion of Darren Halpern and Tyler Wichmann, both of whom will add the president title to their names. The two executives will jointly lead strategic initiatives to capitalize on growth, capital formation and the scaling of Marlin’s mortgage-servicing
Optimal Blue, Onity, Farmer Mac make leadership moves Read More »
A mortgage loan originator has settled a coordination action brought by 21 states which permanently bars him from working in the industry in 19 of those. Processing Content Patrick Terrance Donlon, worked for Trusted American Mortgage, disputed the findings but settled the “regulatory concerns without the time, expense, and uncertainty of contesting the findings in
MLO fined, barred in 21 states for alleged education fraud Read More »
West Palm Beach, Florida-based Newday USA, a specialist in lending to U.S. veterans, named Neil Brooks as president of its new mortgage program. As head of Newday Home, Brooks will lead efforts to open homeownership to veterans through the unit, including the launch of a network of national real estate agents. A U.S. Navy veteran,
Loandepot, Cenlar, Union Home add new mortgage leaders Read More »
Waterstone Financial’s mortgage banking business recorded much higher net and pretax income in the third quarter compared to performance one year prior, even as the company produced 3.5% fewer loans. The company, in both its mortgage banking and community banking segments, was able to sustain its improved performance for the year during the quarter, said
Waterstone Mortgage profits surge even as loans fall Read More »
Residential mortgage and services provider Rate is rolling out the welcome mat for mortgage industry veteran Jason Stenger, appointing him to chief production officer. Stenger moves over to Chicago-based Rate from Movement Mortgage, where he most recently held the title of chief operations officer, a role he served in for over three years. Lyra Waggoner
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Following its absorption of the Mr. Cooper and Redfin organizations, Rocket Companies confirmed it conducted a round of layoffs on Oct. 17, in line plans for cuts announced in second-quarter earnings. The reduction in force affected less than 1% of its team, the company said in a statement, confirming information which appeared in HousingWire. “Following
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Left to right: Kevin Ryan, Shiva Iyer National lender and servicer Pennymac announced the appointment of veteran mortgage leader Kevin Ryan as senior managing director, chief strategy officer. Ryan will soon join the company upon his exit from the role of president and chief financial officer at Better following a brief transitional period at his
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Dueling cases involving Cornerstone Capital Bank and a former executive have been dismissed prior to trial, with both sides claiming victory. Each party has a different interpretation of what happened in the legal matter involving former Cornerstone Home Lending executive Manuel Valdes. A former independent mortgage banker, Cornerstone acquired a Texas state chartered bank in
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The rise of artificial intelligence has sparked both speculation and angst over what it might mean for mortgage professionals in the future, but the answers might be more encouraging than some expect. Historically, advances in automation eventually brought transformations seen during the Industrial and Information Ages, which were marked by the elimination of certain positions.
Mortgage leaders discuss the future AI-powered workforce Read More »