CAREER & COMPENSATION

Remax, Cenlar, Lower, First American grow leadership teams

Remax, Cenlar, Lower, First American grow leadership teams

Left to right: Mac Cregger, Jay Lapre, Scott Alexander National home lender Assurance Financial elevated Scott Alexander to chief operations officer. After joining Assurance’s over a decade ago, Alexander helped establish the company’s operations division and expand its offerings as he rose through the ranks, most recently serving as chief risk officer. With the promotion, […]

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Mortgage firms add staff as rate cuts look likely

Housing finance firms have been adding staff as falling mortgage rates look more likely, with stronger overall job growth raising the chances of modest business gains for the industry. “This is likely to support some additional decline in rates, which will offer opportunities at the margin for people to buy,” said Doug Duncan, former chief

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Better, Neo Home Loans hype addition of Loandepot team

Better Home & Finance’s burgeoning retail operation is suggesting its technology bona fides, and a transparent compensation structure, helped lure a top lending team from Loandepot. Neo Home Loans powered by Better said it’s welcoming the Gustafson Team, a Colorado-based trio that funded over $110 million in origination volume last year. Although Better and Neo

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Why tech – not pay – will decide loan officer loyalty

In June, the Consumer Financial Protection Bureau took notable steps that could significantly reshape the regulatory framework governing loan officer compensation. Among the most consequential developments was the submission of a proposed rulemaking to the Office of Information and Regulatory Affairs (OIRA), which appears to contemplate rescinding or significantly amending the current Loan Originator Compensation

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Former FHFA official seeks to empower local leaders

Antonio White built his career in high-level Washington-related posts he held at the Federal Housing Finance Agency, Treasury, Bank of America and the Bill and Melinda Gates Foundation. But he got there through the work and connections he built growing up around Route 480 in Cleveland. That’s why White is starting a business called 480

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How mortgage executives are thinking of layoffs: Fannie Mae

Lenders looking to cut costs are more willing to lay off their back office staff than slash other business expenses, according to a new Fannie Mae survey. While cost-cutting wasn’t firms’ top business priority, more senior mortgage executives placed prospective layoffs above trimming general and administrative expenses. The findings in the Mortgage Lender Sentiment Survey,

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The mortgage pro’s guide to AI training

As mortgage lenders weigh how to integrate artificial intelligence, technology leaders are juggling the rapid pace of innovation with the need to set realistic expectations. They’re finding that effective adoption depends as much on curiosity, patience and internal collaboration as it does on the tools themselves — and that buy-in from executives, compliance teams and

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Veterans Affairs mortgage executive John Bell III departs

John Bell III, executive director of the Department of Veterans Affairs’ Loan Guaranty Service, is leaving his role.  The longtime mortgage professional and U.S. Navy veteran had been the executive at LGY since 2022, and spent 15 years at the VA, according to his biography. In a Linkedin post late Sunday night, he announced his

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Loandepot shuffles leadership in search for profit

Loandepot has elevated two executives as it makes changes to its sales and originations divisions, part of an ongoing effort to return to profitability in the wake of disappointing second quarter results this week. Tom Fiddler is stepping up to take on the newly-created position of president of retail lending. Fiddler, who previously oversaw loan

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Loandepot, Onity, Cenlar announce leadership moves

Loandepot, Onity, Cenlar announce leadership moves

Left to right: Gregory Buehler, Chris Simms Underwriting mortgage platform Friday Harbor ramped up its growth with two new leadership hires: Chris Simms and Gregory Buehler. The current president of the Mortgage Bankers Association of St. Louis, Simms joins the Seattle-based fintech as head of strategic partnerships, responsible for developing customer relationships and cooperation with

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