After nine years, the market is moving to the other side of the cycle. The foreclosure crisis is winding down, and with it, fewer homeowners will be forced into renting.
Calyx Software reports that it has developed separate versions of its Pricer Product & Pricing Engine for portfolio lenders with their own rate sheets (Custom Pricer) and originators looking for investor pricing supplied by Calyx (Investor Pricer). Using these new [Read More]
Bethany Johnsen has joined Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern U.S., as a loan officer in the company’s Providence, R.I., office. Johnsen has 15 years of mortgage industry experience in the Rhode Island [Read More]
John Parrish has joined LenderLive, a domestic-based mortgage services provider, as regional account executive for the company’s correspondent lending division. Parrish has more than 20 years of experience in the mortgage industry. Most recently, he served as an account executive [Read More]
Steve Shore has joined MortgageFlex Systems Inc. as chief information officer (CIO). Shore has a broad range of information technology experience, including Web development, infrastructure, system administration, software development, vendor and project management, as well as experience gained at MortgageFlex [Read More]
Mortgage application volume jumped 9.3% on an adjusted basis during the week ended Feb. 5, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances increased 16%, while applications for purchases increased 0.2%. On an unadjusted [Read More]
Mortgage lender First Guaranty Mortgage Corp. (FGMC) reports that Mark Mayhook has been promoted to senior director of third-party originated (TPO) production. Mayhook has been with FGMC since 2011. Prior to his appointment, he was responsible for the firm’s capital [Read More]
Ken P. Wilson, past president and former chair of the policymaking board of directors of the Appraisal Institute (AI), has joined real estate appraisal services firm Joseph J. Blake & Associates Inc. as managing director of client relations and business [Read More]
Don Griffin has joined Waterstone Mortgage as a senior loan officer in the firm’s Madison, Wisc., branch. Griffin has more than 20 years of industry experience. He has the skills and knowledge to help a wide range of clients – [Read More]
PERSON OF THE WEEK: Chris Backe is director of financial services for Velocify, a provider of customer relationship management, lead generation and sales automation solutions to the mortgage industry. MortgageOrb recently interviewed Backe to learn more about how mortgage lenders [Read More]
PERSON OF THE WEEK: Lionel Urban is CEO, founding partner and chairman of the board for PCLender, a provider of loan origination technology to the mortgage industry. During his nearly 30 years in the mortgage banking industry, Urban has acquired [Read More]
Millions of people are leaving college and technical or trade schools with a lot of debt – and that debt is interfering with family formations and homeownership levels.