Cloud banking software provider continues to grow consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders
Pending layoffs of 420 Newrez employees in Colorado and 53 workers in Florida follow $1.4B in acquisitions as parent company Rithm seeks to diversify beyond mortgage lending
Mortgage lenders using AskMax no longer need to be database engineers. They can ask for — and receive — business intelligence in plain English from Maxwell Business Intelligence
The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350M in loans last year "is equal to that of a mini acquisition"
Operator of real estate auction platform Hubzu reports a $53.4M 2022 net loss, with revenue falling 15% to $144.5M as foreclosures remain below pre-pandemic levels
After being ousted as executive chair, Hsieh says he controls enough voting shares to install veteran real estate executive Steve Ozonian on the mortgage lender's board of directors
Beleaguered mortgage lender racks up a $610.4M 2022 net loss despite cutting 6,100 jobs as rising mortgage rates cut into the company's lucrative refinancing business
Mortgage veteran Kurt Johnson, who held executive roles at Indymac Bank and OneWest Bank before joining Mr. Cooper in 2015, succeeds Jaime Gow as CFO, it was announced this week
United Wholesale Mortgage says it's attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share
While growing loan servicing business remains profitable, according to Q3 earnings, paper gains on servicing rights could evaporate if interest rates fall and borrowers refinance out of portfolio
New branded client portal lets homebuyers apply for loans, review documents and e-sign disclosures and closing documents
The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
Nonbank mortgage lender Newrez says 40-year, interest-only loans will help borrowers and investors who have been priced out of today's housing market
Approval by bank regulators will allow Cornerstone to 'significantly expand' product and service offerings to hundreds of thousands of customers and referral sources nationwide
After conducting 2 rounds of layoffs, Keller Williams' lending arm looks to grow its business by making a popular lead conversion tool available to all of its loan officers