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Emerging Trends in Commercial Lending: A New Era of Opportunities Explore the latest trends in commercial lending, focusing on technology-driven solutions and the rise of sustainable finance. Learn about new opportunities for businesses and lenders.
Lending (1572)
NRL Mortgage Deploys Forecasting Tool
NRL Mortgage has deployed Riivos Mortgage Lending's forecasting, planning and reporting application to help them analyze and capitalize on growth opportunities. NRL Mortgage is majority owned by St. Christopher's Holdings LLC, a privately owned holding company based in Houston. The technology integrates key, disparate mortgage lending data and systems, LOS, payroll, hedging execution systems and… Read more...
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BNY Appoints CTO
BNY Mellon has appointed Sabet Elias in a new role as chief technology officer. Elias reports to Bridget Engle, senior executive vice president and CIO. He will join the firm's Technology Executive Committee and be based in New York, effective today. "Sabet is a talented technologist and brings to the bank a solid track record… Read more...
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Mr. Cooper To Acquire Pacific Union
Mr. Cooper Group Inc. will acquire Pacific Union Financial LLC, a mortgage lender based in Dallas. “This acquisition allows us to expand our servicing portfolio by welcoming more than 120,000 customers and increases our mortgage lending volume and capabilities,” said Jay Bray, Chairman and CEO of Mr. Cooper Group Inc. “The Pacific Union team, customers… Read more...
AHP Raises $50 Million Foreclosure Fighting Fund
AHP Servicing, a specialty servicer of past due residential mortgages, has inaugurated a $50 million offering designed to help keep homeowners out of foreclosure. AHP and other financial organizations purchases loans that have fallen behind in payments but could be restructured or settled—using crowd sourced funding. It then works with home owners so they can… Read more...
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Startup Targets Home Buying Millennials
A home-buying platform is targeting technology-loving millennials since most start the search for a home online. Consumers aged 36 and younger represent the biggest share of homebuyers and made up 34% of all purchases last year, according to the National Association of Realtors. As they continue to buy homes, Millennials will expect digital technology to… Read more...
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FHFA Multifamily Caps Unchanged at $35B
The Federal Housing Finance Agency set the 2019 multifamily lending caps at $35 billion for Fannie Mae and Freddie Mac, unchanged from the 2018 caps. The caps are based on FHFA’s projections of the overall size of the 2019 multifamily originations market, which FHFA expects to be relatively flat compared to the market in 2018.… Read more...
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Rising Rates No. 1 Obstacle in 2019, Notes Genworth Survey
Rising rates will be the top challenge facing mortgage executives next year. They cited rates, 54 percent, as the top obstacle the housing market faces in 2019. Next were a lack of affordable housing supply, 37 percent, and government sponsored enterprise reform, seven percent, according to a survey from Genworth Mortgage Insurance of more than… Read more...
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Black Knight Acquires Ernst
BlackKnight has acquired Ernst Publishing Co., which provides fee results for loan estimates and closing disclosures and fee-engine technology. Users of Ernst's platform include 9 of the top-10 mortgage servicers, all 5 of the top title underwriters, and 9 of the 10 largest banks, according to the company. Black Knight plans to integrate Ernst's capabilities… Read more...
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Roostify Hires Corelogic Vet as CMO
Roostify has hired Courtney Keating Chakarun to serve as chief marketing officer. She joins from CoreLogic, where she served as senior vice president of marketing and innovation. “As Roostify advances along the growth trajectory powered by our world class customers and emphasis on digital innovation, strong and focused marketing leadership is imperative to position ourselves… Read more...
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Goldman Pays Down $1.8B Settlement
Goldman Sachs has forgiven principal on 746 loans as part of two mortgage-related settlement agreements with the Department of Justice and three states, Eric Green noted in his ninth report as independent monitor of the consumer-relief portions of the agreements. Goldman has been working to satisfy a $1.8-billion consumer-relief obligation under the agreements from April… Read more...
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