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Newrez bets on tech as MSR losses drag Q4 results

Earnings, Industry News, Servicing /

Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings.   Processing Content Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s mortgage subsidiary […]

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Rithm takes minority stake in servicing platform Valon

Rithm takes minority stake in servicing platform Valon

Artificial Intelligence, Industry News, Mortgage technology, Servicing, Technology /

Rithm Capital is boosting its investment in servicing technology provider Valon, taking a minority equity ownership stake and expanding on their existing business partnership. Processing Content With the move, Rithm expects to reduce costs for its home finance subsidiary, Newrez, and further scale development of Valon’s artificial intelligence-backed operating system “to modernize the $13 trillion

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Nexa ordered to pay Platinum One $280,000 in damages

Industry News, Law and legal issues, Mortgage brokers /

The latest chapter in the legal battles between Nexa Mortgage cofounders favored Mat Grella and his company, Platinum One Lending, as a Michigan judge dismissed Nexa CEO Mike Kortas’ claims. Processing Content Judge Michael Warren ruled that $350,000 transferred to Platinum One was an equity investment from Nexa, not a loan, like Kortas claimed. He

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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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Embrace sees Mid Atlantic growth from Oceanfirst deal

Embrace sees Mid Atlantic growth from Oceanfirst deal

Industry News, M&A, MARKETING TO BORROWERS, Originations /

A new deal between Oceanfirst Bank and Embrace Home Loans has led to the latter expanding its presence in the Mid Atlantic region, a model that could provide a roadmap for other companies, it said.       Processing Content Following the New Jersey-based bank’s decision to terminate in-house mortgage lending last year, the two companies agreed to

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Go Mortgage appoints Jay Promisco as CEO

Go Mortgage appoints Jay Promisco as CEO

CAREER & COMPENSATION, Career moves, Industry News /

Go Mortgage has named longtime lending executive and technology advocate Jay Promisco as CEO. Processing Content The former president of Sierra Pacific Mortgage, Promisco moved over to take the helm at Columbus, Ohio-based Go after the acquisition of originations assets belonging to his previous company last year. The news was first reported in The Mortgage

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Attom acquires investment technology platform Resishares

Attom acquires investment technology platform Resishares

Industry News, M&A, Mortgage technology, Originations, Technology /

Real estate data provider Attom is acquiring the assets of a former residential investment firm, a move that aims to expand its technology and artificial intelligence holdings and support scalability for both platforms.  Processing Content The merger with Resishares complements Attom’s own access to housing data across the country and expands it to accelerate development

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Foreclosure filings rose again in 2025, Attom finds

Attom Data Solutions, Distressed, Foreclosures, Industry News, Servicing /

Foreclosures notably increased in 2025, but still remained well below prepandemic levels, according to Attom’s year-end foreclosure market report. Processing Content Foreclosure filings, default notices, scheduled auctions and bank repossessions, were reported on 367,460 properties in the United States last year, up 14% from 2024 and 3% from 2023, but still down 25% from 2019,

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Lower acquires Acopia, expands its Southeast U.S. reach

Lower acquires Acopia, expands its Southeast U.S. reach

Industry News, M&A, Originations /

Lower Mortgage announced a new acquisition this week, with a purchase of Acopia Home Loans that is set to expand its presence in the Southeastern U.S. Processing Content The deal adds 14 branches and 36 loan originators to Lower’s network. Founded in 2007, Goodlettsville, Tennessee-based Acopia is currently licensed in 12 states, stretching from Texas

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