Planet Home Lending, a national mortgage lender, servicer, and asset manager, has hired Matt Kingsborough (NMLS# 313415) as Regional Sales Manager. Bringing more than two decades of experience in mortgage lending and an exceptional track record of leadership and innovation, Kingsborough is poised to drive Planet’s expansion in the Western U.S.
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Fintech provider Forta Solutions announced the successful funding of its first loan through its SaaS warehouse lending platform Agility, which launched in October 2023. Designed by warehouse lenders and built with modern technology, the platform features APIs that enable seamless integrations and automated workflows with both internal and third-party vendors’ systems. With real-time monitoring, intelligent analytics and endless integration capabilities, Agility sets a new standard for transparency in warehouse lending.
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ORNL Federal Credit Union (ORNL FCU) recently announced the appointment of Jennifer Lopez Kouchis as Chief Strategy & Growth Officer, effective February 19, 2024. The position is new to the $3.65 billion dollar organization.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2024 shows mortgage applications for new home purchases increased 15.7 percent compared from a year ago. Compared to January 2024, applications increased by 1 percent. This change does not include any adjustment for typical seasonal patterns.
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Insellerate, a provider of customer relationship management (CRM) and marketing automation solutions for the mortgage lending and real estate industries, announces Ladera Lending’s successful adoption of its AI Call Assistant solution.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained unchanged at 0.22% as of February 29, 2024.
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Intercontinental Exchange, Inc. (NYSE: ICE), a provider of technology and data, announced that Lennar Mortgage will move its servicing operations onto the industry-leading ICE MSP loan servicing system. Already a longtime user of ICE’s Encompass digital lending platform, Lennar will see greater efficiencies and compliance support from the seamless integration of the systems via the ICE end-to-end technology ecosystem.
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Our industry and our world needs innovation. So check out this special Digital Event naming our 14th Annual Award Winners …
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Embrace Home Loans, a national mortgage lender, recently expanded its reach in Rhode Island by opened offices in East Greenwich and East Providence. Branch Manager Mike Raffa leads the East Greenwich office and Branch Manager Jared Maxwell leads the East Providence office. Both previously served in Embrace’s Middletown, Rhode Island branch office.
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The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8 percent) higher than at the end of 2022, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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