In the first quarter of 2021, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC (PHL) and Planet Management Group, LLC (PMG), continued to post significant gains by adding private clients to its PMG asset management division, growing its PHL servicing portfolio and posting large volume increases in Correspondent and Retail lending.
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LenderClose, a real estate and home equity lending technology platform, has hired industry veteran Felix Dominguez to continue the expansion of its engineering division and has added seven additional team members to its technology department. The additions showcase the company’s commitment to streamlining and enhancing the real estate and home equity lending process through automation.
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Fairway Independent Mortgage Corporation, a top nationwide mortgage lender, announced that it now employs more than 10,000 team members, including almost 3,000 producers in over 800 branches nationwide. This week, the company celebrates 25 years since it was founded by CEO Steve Jacobson.
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Mortgage applications decreased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 30, 2021.
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AXIS Lending Academy, a non-profit education program that offers free hybrid education training to people seeking a career in the mortgage industry while helping home lenders diversify their workforce and lower costs, announced the formal launch of its operations.
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Bizzy Labs, a regtech company that uses a big data approach to perfect mortgage loan compliance during loan boarding and throughout the life of servicing, announced that MCM Capital and its affiliate, Temple View Capital, have selected Libretto from Bizzy Labs for compliance monitoring on their entire portfolio.
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Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in April, reaching the lowest level since the onset of the COVID-19 pandemic, according to the Mortgage Bankers Association’s (MBA) latest monthly CREF Loan Performance Survey. The survey was developed to better understand the ways the COVID-19 pandemic is impacting commercial mortgage loan performance.
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Mortgage Network, Inc., one of the largest independent mortgage lenders in the eastern U.S., announced that Kate Dirrane has joined the company’s Boston branch as a loan officer and sales assistant. Dirrane, who is licensed in Massachusetts, Maine, Connecticut, New Hampshire and Rhode Island, will help residents in these states with their home financing needs.
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This edition of our magazine tackles pressing issues such as …
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Executive Roundtable
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Industry Trends
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