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Reverse Mastermind Summit kicks off with practical advice, choice words

HECM, HighTechLending, Home Equity, HWmember, Marketing, Mortgage, NEXA Lending, Retirement, Reverse, Reverse Mortgage Daily /

Reverse mortgage professionals converged in Knoxville, Tennessee, this week for the inaugural Reverse Mastermind Summit — a three-day event designed to bolster the sales skills of industry newcomers by surrounding them with knowledge from industry veterans. The event opened Tuesday with remarks from three leaders behind the event — Loren Riddick of NEXA Lending, Shannon […]

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PennyMac Q1 earnings: Strong mortgage production offsets weaker servicing results

Earnings, HWmember, Mortgage, Mortgage Servicing, MSRs, Origination, PennyMac, Subservicer /

PennyMac Financial Services reported first-quarter net income of $82.3 million, or $1.53 per diluted share, as stronger mortgage production helped offset weaker servicing results tied to mortgage servicing rights valuation changes and hedging losses. The Westlake Village, California-based mortgage lender and servicer posted adjusted net income of $117.7 million, or $2.19 per diluted share, for

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Marty Preston moves to Rate to run profit and loss platform

HWmember, Mortgage, Origination, People Movers, Rate /

Former Benchmark retail president Marty Preston has joined Rate’s profit and loss platform after evaluating more than 20 lenders, the company announced on Tuesday. Preston moves to Rate from Benchmark, where he most recently served as president of retail and division president. At Benchmark, he grew his production team from about $200 million to more

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Rocket Pro extends 100 bps broker credit into May

Compass, HWmember, Mortgage, Non-QM, Origination, Purchase Market, Rocket Companies, Rocket Mortgage /

Rocket Pro is extending a key pricing incentive for mortgage brokers through May while also expanding its non-QM product offerings, moves aimed at helping brokers close more loans in a challenging housing market. The moves are part of the February 2026 promise the Detroit-based company made to its business partners: a “Power Play” announcement on

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Generic AI won’t fix mortgage lending. Intelligent AI will.

Artificial Intelligence, Contributors, HWmember, Mortgage, Opinion, Origination, Technology /

Mortgage lenders are rushing to adopt AI, but many are repeating a familiar mistake: using new technology to accelerate old processes. Faster paper-pushing isn’t transformation. AI presents an opportunity to go further—but only if lenders approach it correctly.  In mortgage lending, intelligent AI means removing the paper, moving beyond simple automation, orienting technology around measurable

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UWM slams Two Harbors board over $12 offer rejection

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Two Harbors Investment Corp., United Wholesale Mortgage /

UWM Holdings Corp. is challenging Two Harbors Investment Corp.’s board after it rejected a $12 per share acquisition proposal in favor of an $11.30 per share deal with CrossCountry Mortgage LLC, issuing a lengthy response that questioned the board’s analysis and process. In a statement on Monday, UWM said “the TWO Board’s interpretation of the numbers

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eLEND hires Roman Ramora as chief technology and innovation officer

Mortgage, People Movers, Team Leaders, Technology /

Roman Ramora has joined eLEND as chief technology and innovation officer, moving into the newly expanded role effective May 4, 2026. In the C-suite position, Ramora will lead eLEND’s technology strategy, including the buildout of its digital lending platform and broader innovation roadmap, the company announced. eLEND, legally known as American Financial Resources (AFR), is sharpening its

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Two Harbors rejects UWM revised offer, cites financing risk

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Servicing, Two Harbors Investment Corp., United Wholesale Mortgage /

A revised proposal from UWM Holdings Corporation to acquire Two Harbors Investment Corp. was formally rejected by the seller’s board of directors, citing “financing, closing, business and credibility risks.” The board continues to unanimously support the competing bid from CrossCountry Mortgage, LLC.  In late April, UWM intensified its campaign to acquire TWO by issuing an

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Survey says homebuyers overestimate credit scores, down payments

Credit Score, FHA loan, Government Lending, Homebuyers, HWmember, Mortgage, Mortgage Rates, VA Loan, Veterans United Home Loans /

Many prospective homebuyers are sitting on the sidelines unnecessarily because they overestimate the credit scores, down payments and rate conditions needed to qualify for a mortgage, according to survey data released Monday by Veterans United Home Loans. The online survey, conducted in March 2026 by research firm Sparketing on behalf of Veterans United, polled 400

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AD Mortgage broker survey finds rising AI use and training gaps

Artificial Intelligence, HWmember, Lenders, Mortgage, Mortgage Broker, Technology /

AD Mortgage released a new broker technology survey this week, which shows mortgage professionals are increasingly using artificial intelligence and digital tools but still face gaps in training, integration and adoption decisions. Based on responses from more than 250 mortgage brokers nationwide, the “Technology in the Mortgage Industry: 2026 Broker Survey” offers a snapshot of

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