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Mortgage

Planet Financial Group boosts non-agency team with Rob Parsley and Tim Fisher hires

Carrington, Deephaven Mortgage, HWmember, Mortgage, Origination, People Movers, Planet Home Lending /

Planet Financial Group, the parent company of Planet Home Lending, announced two new hires this week. Rob Parsley was named senior vice president, non-agency sales and Tim Fisher was named senior vice president, non-agency lending. With a career spanning more than three decades, Parsley most recently served in senior leadership roles at Lima One Capital, […]

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NEXA Mortgage rebrands to NEXA Lending, but it’s not a pivot to retail

HWmember, Mike Kortas, Mortgage, NEXA Mortgage, Origination, Wholesale Lending /

Mike Kortas wanted to be clear as he announced the company’s rebrand from the stage at NEXA Fest 2025: the company is not going into retail. The name change — from NEXA Mortgage to NEXA Lending — could seem like the prelude to lending in a new channel, but Kortas said it was actually a

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FICO’s new program draws mixed reviews from mortgage market

Credit Score, FICO, HWmember, LendingLife, Mortgage, Origination /

Fair Isaac Corp.’s (FICO) decision to let resellers calculate and distribute its scores directly to lenders drew a mixed response from the mortgage industry — viewed by some as a step toward more competition, but by others as a potential driver of higher credit score costs in the short term. On Wednesday, FICO unveiled the

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West Capital Lending partners with Mortgage Connections

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West Capital Lending said on Thursday that it has entered into a strategic partnership with Mortgage Connections, a Michigan-based mortgage brokerage. Mortgage Connections, founded by Ali Younes & Joe Dakroub Esq., has closed more than 843 transactions and $239 million in funded loan volume over the last 14 months, according to data from MMI. The

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California MBA names Paul Gigliotti new CEO as Susan Milazzo retires

California, HWmember, Mortgage, Origination, Technology /

The California Mortgage Bankers Association (California MBA) announced a leadership transition on Wednesday, noting the retirement of longtime CEO Susan Milazzo and the appointment of Paul Gigliotti as her successor. Milazzo, who has served the association for two decades, will stay on as a consultant for the next year. In her role as CEO, Milazzo

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FICO bypasses credit bureaus with new program for mortgage lenders

Credit Score, FICO, HWmember, LendingLife, Mortgage, Origination /

Fair Isaac Corp. (FICO) has launched a program allowing tri-merge resellers to calculate and distribute its scores directly to mortgage companies, effectively bypassing the three nationwide credit bureaus: Equifax, TransUnion and Experian. The move comes amid intensified competition with VantageScore, owned by the three bureaus, following the Federal Housing Finance Agency’s (FHFA) decision to let

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Fannie and Freddie waive some loan requirements amid shutdown

Fannie Mae, FHA, Freddie Mac, Ginnie Mae, Government Lending, Government Shutdown, HWmember, LendingLife, Mortgage, Origination /

Government agencies and enterprises issued guidance on Wednesday for mortgage lenders and servicers during the current government shutdown, which affects federal employees, services, contractors, vendors and other businesses. Fannie Mae and Freddie Mac are waiving some requirements for lenders due to the potential inability to confirm income, reserves, tax, and Social Security information from borrowers

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CrossCountry seeks dismissal in kickback suit

CrossCountry Mortgage, HWmember, Lawsuit, Legal, Mortgage, Real Estate Settlement Procedures Act /

CrossCountry Mortgage has asked a federal judge to dismiss a lawsuit alleging the lender engaged in an illegal kickback arrangement with a Raleigh real estate firm. Homebuyer Jeremiah VonBlohn, who filed suit at the end of July, claims his agent at Raleigh Realty directed him to CrossCountry in 2022 under a co-marketing agreement that gave

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Better launches bank statement HELOC for small business owners

Better, HELOC, Housing Market, HWmember, Mortgage, Vishal Garg /

Better announced on Wednesday the launch of its Bank Statement home equity line of credit (HELOC) aimed at the 36.2 million small business owners in the United States who often don’t fit within traditional underwriting standards. The new program lets self-employed borrowers access home equity without tax returns, W-2s or profit-and-loss statements. Instead, applicants can

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