Home / Tag Archives: Loan Origination

Tag Archives: Loan Origination

Ginnie Mae, NewDay USA Reach Agreement on VA Loans

veterans

NewDay USA, one of the nation's largest VA mortgage lenders serving veterans and servicemembers, has been approved as a Ginnie Mae Servicer Seller for VA loan production. NewDay is currently approved to issue Ginnie Mae I and II securities for ...

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Northpointe Bank Hires Kate Higgins

Kate Higgins joins Northpointe Bank as a Senior Loan Officer, working with their loan team in Denver, Colorado. Kate Higgins comes from Unibell Financial, Inc., where she worked as a residential mortgage broker, handling both forward and reverse mortgages with access to multiple lenders. Northpointe Banke is a member of the FDIC and an Equal Housing Lender.

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Fannie Mae’s Mark Palim on the State of Housing

As a Deputy Chief Economist at Fannie Mae, Dr. Palim is responsible for overseeing the Economic and Strategic Research Group’s forecasting functions. He also manages multi-disciplinary partnerships across the company to address specific business issues facing Fannie Mae. Dr. Palim ...

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Tom Rice Joins OpenClose as VP Enterprise Account Executive

Florida-based OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, has announced the appointment of long-time industry veteran Tom Rice as VP, Enterprise Account Executive. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage ...

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Carrington Plans Expansion Into Central Indiana, Creating 360 Jobs

Santa Ana, California-based Carrington Mortgage Services announced earlier this week its intention to expand into the Central Indiana city of Westfield. The expansion will create up to 360 high-wage jobs by 2019, the company announced. Carrington plans to invest $3.17 million to renovate a 77,000-square foot facility in Westfield and have it operational by the end of the year.

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New QM Rules Produce Higher Costs and Elevated Risk Factors

2015 HUD

Although the new QM rules are expected to bring stability to loan manufacturing, the many nuances of compliance have resulted in doubling the cost of loan origination. This assessment was offered by Tom Showalter, Chief Analytic Officer at Digital Risk, a top provider of risk, compliance, and transaction management solutions.

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