Tag : Mortgage

Gantry Continues 100% Performance of $18 Billion Loan Servicing Portfolio; Production Remains Muted Through H1 2023
Banking Mortgage News

Gantry Continues 100% Performance of $18 Billion Loan Servicing Portfolio; Production Remains Muted Through H1 2023

Business Wire
by Business Wire0
Gantry, the largest independent commercial mortgage banking firm in the U.S., is experiencing a year-over-year decrease in commercial mortgage production through H1 2023. Volatile commercial real estate markets have remained consistent since H1 2022 as market participants continue to grapple with price discovery, higher rates, maturing loans, distress, disrupted fundamentals,......
Guild Mortgage Named a Top Ten Lender by Maine State Housing Authority
Lending Mortgage News

Guild Mortgage Named a Top Ten Lender by Maine State Housing Authority

Business Wire
by Business Wire0
MaineHousing Recognizes Guild for Efforts to Assist First-Time Homebuyers Guild Mortgage, a growth-oriented mortgage lending company originating and servicing residential loans since 1960, was named a Maine State Housing Authority Top Ten Lender for 2022 for its work with the state’s First Home Loan Program for first-time homebuyers in Maine.......
CareTrust REIT Funds Mortgage Financing on Southeast SNFs; 96% of Year-to-Date $215.4 Million Investments Funded with Equity
Lending Mortgage News

CareTrust REIT Funds Mortgage Financing on Southeast SNFs; 96% of Year-to-Date $215.4 Million Investments Funded with Equity

Business Wire
by Business Wire0
CareTrust REIT, announced that it has funded a $15.7 million mortgage loan on a 2-asset, 115-bed skilled nursing portfolio located in the State of Florida. The borrowers under the loan are affiliates of Elevation Group, LLC, a Florida-based skilled nursing operator led by industry veterans Ken and Dan Funk. Elevation......
PRMG Increases Application Conversions and Reduces Costs with Blend’s Soft Credit Functionality
Banking News

PRMG Increases Application Conversions and Reduces Costs with Blend’s Soft Credit Functionality

Business Wire
by Business Wire0
Blend, a leading provider of cloud banking services, announced that Paramount Residential Mortgage Group (PRMG) has seen a substantial increase in application conversions and significant cost savings after implementing Blend, which is the first digital banking platform to support soft credit pulls in the mortgage pre-qualification process. “PRMG has always......
Carrington Mortgage Services Offers 40-Year Loans and Temporary Buydowns
Banking Lending News

Carrington Mortgage Services Offers 40-Year Loans and Temporary Buydowns

Business Wire
by Business Wire0
For homebuyers experiencing rising interest rates, decades-long home price appreciation and the tightening of credit availability, these products are right on time. Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers......
Redwood Credit Union Welcomes New Vice President of Mortgage Lending
Mortgage News

Redwood Credit Union Welcomes New Vice President of Mortgage Lending

Cision PRWeb
by Cision PRWeb0
Brian Kreitzer is responsible for overseeing and leading all mortgage lending activities Redwood Credit Union has hired Brian Kreitzer as vice president of mortgage lending. In his new role, Kreitzer is responsible for overseeing and leading all mortgage lending activities. This includes strategically expanding mortgage offerings to members while ensuring exceptional......
Figure Expands Reach of HELOC Products Through Four New Partnerships
Blockchain Mortgage News

Figure Expands Reach of HELOC Products Through Four New Partnerships

PR Newswire
by PR Newswire0
The partnerships with CMG Financial, CrossCountry Mortgage, Fairway Independent Mortgage and The Loan Store, all top 20 independent mortgage banks, come on the heels of Figure hitting $6 billion in HELOC originations Figure Technologies Inc., a leader in transforming financial services through the power of blockchain technology, announced the collaboration with......
Westboro Mortgage Investment Fund Increases its Compounded Annualized Monthly Distribution to Investors to 9.01 Percent
Investment Services Mortgage News

Westboro Mortgage Investment Fund Increases its Compounded Annualized Monthly Distribution to Investors to 9.01 Percent

GlobeNewswire
by GlobeNewswire0
Westboro Mortgage Investment Fund has increased the monthly distribution per eligible Class F unit from $0.070/Unit (70 bps) to $0.073/Unit (73 bps). This increase provides for a non-compounded annualized return of 8.76%, or if the investor opted to reinvest distributions (DRIP), a compounded annualized return of 9.01%. The impressive performance......
Candor Technology Integrates with Mortgage Automation Technologies to Revolutionize the Speed of Loan Closings
Mortgage News

Candor Technology Integrates with Mortgage Automation Technologies to Revolutionize the Speed of Loan Closings

Business Wire
by Business Wire0
Deal will bring groundbreaking speed to the mortgage process for The BIG Point of Sale platform users Candor Technology has announced a technology integration agreement with Mortgage Automation Technologies, the providers of the innovative platform The BIG Point of Sale. Through this relationship, borrowers will leverage the seamless user interface......
First Federal Bank Acquires Mortgage Division From BNC National Bank
Mortgage News

First Federal Bank Acquires Mortgage Division From BNC National Bank

PR Newswire
by PR Newswire0
First Federal Bank announces the acquisition of assets and employees of BNC National Bank’s mortgage division and welcomes the new team. The transaction closed today. The new team will augment the legacy First Federal markets serving customers from locations in Overland Park, Kansas, Moline, Illinois and Bismarck, North Dakota locations and in the Phoenix, Arizona market. First Federal......
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