As mortgage lenders weigh how to integrate artificial intelligence, technology leaders are juggling the rapid pace of innovation with the need to set realistic expectations. They’re finding that effective adoption depends as much on curiosity, patience and internal collaboration as it does on the tools themselves — and that buy-in from executives, compliance teams and […]
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John Bell III, executive director of the Department of Veterans Affairs’ Loan Guaranty Service, is leaving his role. The longtime mortgage professional and U.S. Navy veteran had been the executive at LGY since 2022, and spent 15 years at the VA, according to his biography. In a Linkedin post late Sunday night, he announced his
Veterans Affairs mortgage executive John Bell III departs Read More »
Loandepot has elevated two executives as it makes changes to its sales and originations divisions, part of an ongoing effort to return to profitability in the wake of disappointing second quarter results this week. Tom Fiddler is stepping up to take on the newly-created position of president of retail lending. Fiddler, who previously oversaw loan
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Left to right: Gregory Buehler, Chris Simms Underwriting mortgage platform Friday Harbor ramped up its growth with two new leadership hires: Chris Simms and Gregory Buehler. The current president of the Mortgage Bankers Association of St. Louis, Simms joins the Seattle-based fintech as head of strategic partnerships, responsible for developing customer relationships and cooperation with
Loandepot, Onity, Cenlar announce leadership moves Read More »
Real estate and mortgage intelligence provider Ingenius announced an acquisition and integration of a new recruitment platform aimed at helping retail branch managers into its own data tools. The Pompano Beach, Florida-based technology firm welcomed the deal that combines SIMPL with Ingenius’ data software. Built by longtime mortgage sales leaders Fobby Naghmi and John Perry,
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A class action lawsuit claims Loandepot since 2019 has steered borrowers to higher rates and punished its loan officers who didn’t steer customers by giving them little to no commission. Five borrowers filed the complaint Tuesday in a Maryland federal court, accusing the major lender and servicer of violating the Truth in Lending Act. They’re
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Ryan Alexander was on a cruise with his family when he received news he already felt in his bones was coming: the Department of Government Efficiency cut the project he was working on via his consultancy firm. He was officially out of a job. Though the news was jarring, Alexander’s family rallied around him—and encouraged
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Florida has enacted a new non-compete law that gives employers broad power. The Contracts Honoring Opportunity, Investment, Confidentiality and Economic Growth, or CHOICE Act, passed earlier this month, according to media reports. The bill, lobbied by hedge fund billionaire Citadel CEO Ken Griffin, allows employers to extend non-compete agreements up to four years, among other
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Synergy One Lending’s CEO Steve Majerus is taking a stand against “toxic” recruiting culture. In a company-wide address, Majerus bemoaned “unscrupulous” recruiters who have recently conjured up “outrageous” claims in an effort to recruit away Synergy’s top talent. “The claims about financial instability or margin calls and challenges… are not only false and completely fabricated,”
“Unscrupulous” recruiters called out by Synergy One CEO Read More »
Union Home Mortgage announced Tuesday the expansion of its footprint in the Midwest. A team of 16 employees, led by two former UMortgage managers, will join UHM’s existing team in Cincinnati, Ohio, according to a news release. Ravi Patel and Justin Allen, who spent more than two years at mortgage brokerage UMortgage, will both serve
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