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Wholesale Lending

Mortgage brokers say loanDepot is knocking at their door again

Anthony Hsieh, Brokerage, HWmember, LendingLife, loanDepot, Mortgage, Mortgage Broker, Origination, Wholesale Lending /

loanDepot appears to be building capabilities in the wholesale mortgage space — a channel it formally exited three years ago. Executives and owners at three mortgage brokerage shops told HousingWire they were recently contacted by loanDepot representatives who introduced themselves as account executives while “re-introducing” the company’s wholesale channel and inviting the brokers to become […]

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How midsize lenders are surviving the mortgage squeeze

AnnieMac, Earnings, HWmember, Lenders, LendingLife, Mortgage, Origination, Plaza Home Mortgage, Retail Lending, Wholesale Lending /

Mortgage veteran Glenn Stearns is taking a different approach with his latest venture.  Kind Lending, a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019.  “This is not our

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Supreme Lending to acquire Michigan Mutual: sources

HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Retail Lending, Wholesale Lending /

Dallas-based Supreme Lending has reached a deal to acquire Michigan Mutual, Inc. (MiMutual), adding a wholesale platform and a presence in Michigan to its operations, sources told HousingWire. Founded in 1999, Supreme Lending originated $3.8 billion over the past 12 months, with most of its volume concentrated in Texas, Florida and California, according to mortgage

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UWM rolls out AI tools to analyze rivals’ offers, virtually assist borrowers

Artificial Intelligence, HWmember, LendingLife, Mortgage, Mortgage Broker, Origination, Technology, United Wholesale Mortgage, Wholesale Lending /

United Wholesale Mortgage (UWM) is rolling out new artificial intelligence (AI)-powered tools designed to help brokers analyze competitors’ loan estimates and assist borrowers online. The tools aim to improve retention as refinancing activity is expected to rise. The company announced the launches during its UWM Live! event on Thursday in Pontiac, Michigan, amid intensifying competition

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