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Atlantic Bay Mortgage Group hires Gregory S. Richardson as CRO

Institutional investors, Lenders, Mortgage, People Movers, Team Leaders /

Gregory S. Richardson has joined Virginia-based Atlantic Bay Mortgage Group as chief revenue officer, the company announced Thursday. In his new role, Richardson will lead enterprise revenue strategy and alignment across production, capital markets, product development and institutional investor relationships, according to a press release. Richardson brings more than 35 years of mortgage banking and […]

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Citywide Home Mortgage promotes Robert Coomer to chief growth officer

Lenders, Loan Officer, Mortgage, People Movers, Rate, Team Leaders /

Citywide Home Mortgage, an affiliate of top-10 U.S. mortgage lender Rate, has promoted Robert Coomer to chief growth officer, tasking the veteran executive with accelerating the lender’s national expansion and branch partnership model. Coomer joined Citywide in April 2024 as executive vice president and director of sales strategy and growth, according to a company press

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Ex-employees accuse Stockton Mortgage of accessing personal email accounts

Alabama, HWmember, Lawsuit, Legal, Lenders, Loan Officer, Mortgage /

Two former loan officers have sued Stockton Mortgage Corp., alleging the company illegally accessed their personal email accounts and used private messages in separate litigation against them. Christopher Hoehn and Ashley Hoehn filed the complaint on Wednesday in the U.S. District Court for the Northern District of Alabama. They claim that Stockton and unidentified employees

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NAREB president calls for ‘optimistic underwriting’ to expand homeownership

Affordability, Appraisals and Valuations, Black Homeownership, Brokerage, FHA, First-Time Homebuyers, Homeownership, Housing Inventory, HUD, HWmember, Interest rates, Lenders, Mortgage, Mortgage Rates, National Association of Real Estate Brokers, Real Estate /

Ashley Thomas III has assumed the presidency of the National Association of Real Estate Brokers (NAREB) — the nation’s oldest and largest Black real estate organization — with an agenda focused on expanding homeownership access. Thomas, a housing policy and wealth equity strategist with more than 25 years of experience across real estate, lending and

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NFM Lending adds South Carolina producer Phil Crescenzo Jr.

HWmember, Lenders, LendingLife, Loan Officer, Mortgage, Origination, People Movers, South Carolina, Team Leaders /

Phil Crescenzo Jr., a high-producing loan officer in South Carolina, is joining NFM Lending. The move was announced Friday on social media by NFM managing director Greg Sher. Crescenzo comes to NFM after a two-year stint as Southeast division manager for Nation One Mortgage Corp. His prior experience also includes roles as a producing branch

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Logan Finance rolls out new product tier for high-balance non-QMs

HWmember, Lenders, Mortgage, Non-QM, Origination, Real Estate Investing /

Logan Finance Corp. announced Monday that it has launched a new premium tier within its Open Road product series aimed at borrowers seeking higher loan amounts than those typically offered through conventional or standard non-QM programs. The new offering, called Open Road Elevated, provides loan amounts of up to $5 million across four programs designed

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RenoFi to expand AI-powered renovation financing after $22M Series B funding

Artificial Intelligence, Funding, Home Improvement, HWmember, Investors, Lenders, Mortgage, Origination, Remodeling Activity, Technology /

RenoFi, an end-to-end financing platform built exclusively for home renovations, announced Tuesday that it closed a $22 million Series B funding round led by Fifth Wall and participation from Progressive Insurance and other new investors. In addition to their financial backing, Fifth Wall and Progressive Insurance join RenoFi as strategic partners, a move the company

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AD Mortgage launches its largest non-QM securitization yet

HWmember, Lenders, Mortgage, Non-QM, RMBS, Secondary market, Securitization /

AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced on Friday the successful launch of a $602.7 securitization deal, its largest to date. The transaction, which follows the company’s first deal of the year, a $567.42 million transaction, marks AD’s 30th securitization of AD-originated collateral and the 21st to receive ratings from

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Minor FICO score improvements can ease homebuying costs

Affordability, Credit Score, FICO, Housing Market, HWmember, Lenders, Mortgage /

Improving a credit score could save homebuyers tens of thousands of dollars in mortgage interest, according to a new nationwide study from AD Mortgage, released on Thursday. The analysis, Credit Score vs. Mortgage Cost: How Long It Takes to Improve and How Much It Can Save, State by State, shows that even modest gains in

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California-based LenderMac to acquire Direct Mortgage

HWmember, Lenders, Mergers and Acquisitions, Mortgage, Origination, Retail Lending, Wholesale Lending /

Cypress, California-based LenderMac Holdco LLC has agreed to acquire Direct Mortgage Corp. in a move aimed at expanding its geographic footprint and building a multichannel mortgage platform, the companies announced Tuesday. Financial terms of the deal were not disclosed. “This acquisition represents an important step in our long-term growth strategy,” Kenneth Jo, CEO of LenderMAC,

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