New American Funding (NAF) expanded its Midwest footprint with the launch of One Goal Mortgage powered by NAF, a new branch serving the Omaha, Nebraska, metro area and southwest Iowa, the company announced this week. The move gives the California-based independent mortgage lender its first physical branch presence in Nebraska. The One Goal Mortgage team […]
New American Funding adds One Goal Mortgage Read More »
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
Citywide Home Mortgage promotes Robert Coomer to chief growth officer Read More »
Washington Gov. Bob Ferguson signed a bill into effect earlier this week that bans noncompete agreements across the state. The move marks a significant shift in employment law that will take effect on June 30, 2027. The measure prohibits contracts that restrict workers from joining or starting competing businesses after leaving a job. Noncompete agreements
Washington just banned noncompete agreements. Will other states follow suit? Read More »
NEXA Lending announced Friday that it’s developing a new initiative aimed at allowing loan originators to participate in recurring income tied to the long-term performance of the loans they originate. The initiative, described as a “servicing-aligned income model,” is expected to begin rolling out as early as July 2026, the company said. The program centers
NEXA Lending targets recurring income model for loan originators Read More »
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
Ex-employees accuse Stockton Mortgage of accessing personal email accounts Read More »
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
NFM Lending adds South Carolina producer Phil Crescenzo Jr. Read More »
West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in the U.S. District Court for the Central District of California, marks the latest escalation in a bitter legal feud between the two companies.
West Capital Lending sues loanDepot, alleges unlawful pay scheme Read More »
Editor’s note: Welcome to the second installment of the Monday Morning Q&A from HousingWire’s Reverse Mortgage Daily (RMD). Each Monday morning, the RMD newsletter will feature an in-depth interview with a reverse mortgage industry figure on a wide range of topics including loan origination and servicing, product development and technology. Loren Riddick, national director of
Loren Riddick on reverse refi churning, HECM misconceptions Read More »
At the Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2026 in Dallas, Tavant unveiled its TOUCHLESS Servicing Portal and embedded artificial intelligence (AI) agent MAYA — expanding its platform beyond loan origination and into post-close servicing. The new portal unifies application, decisioning and servicing in a single borrower-facing experience, allowing homeowners to move from
Tavant agentic AI portal connects lenders, real estate agents, borrowers Read More »
Huntington Bank — which is poised to become a $280 billion institution after its acquisitions of Cadence Bank and Veritex Bank — is aggressively expanding its mortgage footprint across Texas and the Southeast while emphasizing a “partnership” culture over a traditional acquisition model. That’s according to Carolyn Gorman, the bank’s senior vice president and mortgage