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Author name: Ricky Vasquez

Paul Fiore on making HighTechLending a bigger mortgage player

HighTechLending, Home Equity, HWmember, Mortgage, Origination, Reverse, Reverse Mortgage Daily, Team Leaders /

Paul Fiore enjoys taking on new challenges, something he’s done before during a lengthy stint at American Advisors Group (AAG) and pit stops at Finance of America and Smartfi Home Loans. Fiore’s reverse mortgage industry journey took another turn recently after he joined California-headquartered HighTechLending (HTL) as its vice president of sales and branch production. […]

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Atlantic Bay Mortgage Group hires Robyn Zacharias as CMO

Lenders, Marketing, Mortgage, People Movers, Team Leaders /

Atlantic Bay Mortgage Group on Thursday announced the appointment of Robyn Zacharias as chief marketing officer. Zacharias, who brings 30-plus years of marketing and advertising leadership to the company, will oversee the company’s marketing, brand and communications strategy. “Robyn is a proven leader who will elevate Atlantic Bay Mortgage Group’s marketing efforts and strengthen our

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CHLA: IMBs drive majority of single-family mortgages in 2025

Community Home Lenders of America, FHA, Ginnie Mae, HWmember, IMBs, Mortgage, Origination, Urban Institute /

The Community Home Lenders of America (CHLA) on Thursday released its 2025 report on independent mortgage banks (IMBs), highlighting these companies as the “dominant” force in mortgage lending as they originated 84.1% of all U.S. single-family mortgages last year. CHLA cited data from the Urban Institute, the Federal Housing Administration (FHA) and Ginnie Mae in

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Onity, Crosscountry, Blend, MBA make leadership moves

Onity, Crosscountry, Blend, MBA make leadership moves

CAREER & COMPENSATION, Career advancement, Career moves, Industry News /

Left to right: Brandon Bean, Scott Henley Planet Financial Group recently added retail lending veteran Brandon Bean as senior vice president, national fulfillment. In his new role, Bean will be tasked with driving growth of the Meriden, Connecticut-based company’s distributed retail division. He joins the company after most recently holding the title of senior vice

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PennyMac Q4 earnings miss as margins, servicing slip

Earnings, Mortgage Rates, Servicing /

PennyMac Financial Services fourth quarter earnings were affected by the lower interest rate environment in the quarter, coming in higher year-over-year but reduced versus the linked quarter. Processing Content PFSI reported $106.8 million in net income for the quarter and $501.1 million for the year. A year earlier, the company had earned $104.49 million for

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Mortgage Rates Hold Steady Despite Volatility in Other Markets

Uncategorized /

Sometimes being tuned into daily mortgage rate changes means coming across other news about financial markets. In today’s case, that could expose you to anything from the massive selling of certain stocks earlier in the day or the unprecedented trading levels in various commodities.  While the financial market buzz may be centered on silver and

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Foreclosure auction inventory rises to near 6-year high

Distressed, Foreclosures, Servicing /

Foreclosure- and bank-owned auction volume jumped to their highest levels in years, but buying activity didn’t keep pace with the rise in inventory, according to the latest report from Auction.com.  Processing Content Foreclosure inventory, which makes up the majority of distressed auction properties, leaped 48% year over year in the recent fourth quarter to its

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Why buying leads is killing your mortgage business

Marketing, MARKETING TO BORROWERS, Originations /

Let me be blunt: if you’re still dumping money into digital lead generation and wondering why your conversion rates are dismal, you’re fighting the wrong battle. Processing Content I’ve grown the number of closed loans by 35% over four years not through fancy CRM systems, not through paid advertising, not through some revolutionary fintech solution.

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Mortgage rates rise as FOMC inaction adds to uncertainty

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

Mortgage rates rose for the second consecutive week, with the 30-year fixed up one basis point on average, as yesterday’s Federal Open Market Committee decision was expected by the majority of the marketplace. Processing Content The move to leave rates unchanged was likely priced into mortgage rates and the benchmarks it uses beforehand. Mortgage pricing

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Pennymac, Rocket, UWM: What analysts expect in Q4 earnings

Earnings, loanDepot, Rocket Mortgage, UWM /

Fourth-quarter results for nonbank mortgage lenders should highlight differences in business models, balance sheets and strategic bets as lenders position themselves for growth in a still-uneven housing market, analysts say. Processing Content From PennyMac’s perceived valuation gap to Rocket’s acquisition-driven quarter and United Wholesale Mortgage’s steady volume gains, analysts see diverging paths among the largest

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