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Wholesale Lending

MortgageOne TPO integrates with ARIVE, launches Pathway CDFI

HWmember, LOS, Mortgage, Mortgage Broker, Origination, Wholesale Lending /

MortgageOne TPO, a wholesale mortgage lender and Department of the Treasury-certified Community Development Financial Institution (CDFI), has integrated with the ARIVE platform and launched Pathway, a flagship CDFI loan program aimed at borrowers underserved by traditional mortgage guidelines, the company announced. The dual rollout is being led by MortgageOne TPO managing directors Rich Phillips and […]

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New Cheval Holdings acquires Surge, appoints Jimmy Gillespie as CEO

HWmember, Mergers and Acquisitions, Mortgage, Mortgage Broker, People Movers, Technology, Wholesale Lending /

Surge, a partner intelligence platform for wholesale mortgage lenders, has been acquired by New Cheval Holdings as the wholesale channel faces tighter scrutiny on broker oversight and market share pressure from retail and direct-to-consumer lenders. The transaction brings dedicated ownership and institutional backing to a platform used by wholesale lenders that are regularly ranked among

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Newrez is waiving lender title insurance on some refis

HWmember, LendingLife, Mortgage, Mortgage Broker, NewRez, Origination, Refinancing, Title insurance, Wholesale Lending /

Multichannel mortgage lender Newrez has launched Newrez TitlePass for use in its wholesale channel, giving mortgage brokers a way to waive the lender title insurance requirement on certain refinance loans. This could potentially save borrowers hundreds or thousands of dollars in closing costs, the company said Monday. The program is offered exclusively through Newrez’s affiliated

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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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Exclusive: Mike Fawaz announces departure from Rocket Pro

HWmember, LendingLife, Mortgage, Mortgage Broker, People Movers, Rocket Companies, Rocket Mortgage, Team Leaders, Wholesale Lending /

Mike Fawaz said Monday that he’s departing Rocket Pro after roughly 15 years with the company and plans to announce his next steps in March. “After nearly 15 years, I have made the thoughtful decision to step away from Rocket,” Fawaz said in a statement given to HousingWire. “After significant reflection, I believe this is

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Mutual of Omaha hires veteran Tommy Noyes for reverse wholesale role

Liberty Reverse Mortgage, Mutual of Omaha, Mutual of Omaha Mortgage, People Movers, Reverse, Reverse Mortgage Daily, Team Leaders, Wholesale Lending /

Tommy Noyes has joined Mutual of Omaha Mortgage from Liberty Reverse Mortgage as a national wholesale account executive for Mutual’s reverse mortgage business, the company announced Tuesday. In the role, Noyes will focus on deepening customer relationships and supporting the growth of the company’s third-party channel. Noyes spent 17 years at Liberty, where he became

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AmeriTrust hires Shea Pallante as it preps for correspondent lending launch

Correspondent Lending, HWmember, Lenders, LendingLife, Mortgage, Non-QM, Origination, Team Leaders, Wholesale Lending /

AmeriTrust Mortgage Corp. has appointed Shea Pallante as chief revenue officer as the lender pursues a growth strategy that includes expanding into nondelegated correspondent channels and more than doubling its monthly origination volume. A mortgage industry veteran, Pallante joins AmeriTrust from non-QM wholesale lender Brokers First Funding. He previously served as president of now-defunct non-QM

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The Loan Store doubles wholesale mortgage volume in 2025

Arizona, HWmember, LendingLife, Mortgage, Mortgage Broker, Non-QM, Origination, Underwriting, Wholesale Lending /

In a wholesale mortgage market dominated by giants, Arizona-based lender The Loan Store (TLS) has found a way to grow quickly by hiring a team of “samurai” account executives and underwriters from across the industry and picking up loans that others would deny. In the first nine months of 2025, the company doubled its origination

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Longbridge talks new tech tools at NRMLA meeting

Artificial Intelligence, HELOCs, HWmember, Longbridge Financial, NRMLA, Reverse, Reverse Mortgage Daily, Technology, Wholesale Lending /

Executives from Longbridge Financial gathered last week at the National Reverse Mortgage Lenders Association (NRMLA)’s Annual Meeting to discuss the company’s suite of technology tools and lending products aimed at helping wholesale reverse mortgage partners grow their businesses and better serve older homeowners. Wholesale and correspondent manager Bill Nolan opened the company’s session at the event by

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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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