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loanDepot Leaves Wholesale Mortgage Space, Cuts Jobs

loanDepot Leaves Wholesale Mortgage Space, Cuts Jobs

Saturday, 20 August 2022
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loanDepot has announced that it is exiting the wholesale channel as it posted a $223.8 million net loss for the second quarter. Read more...
Wells Fargo Eyes Retreat from Mortgage Business

Wells Fargo Eyes Retreat from Mortgage Business

Saturday, 20 August 2022
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Wells Fargo is looking to cut back its sprawling mortgage operations. So reports Bloomberg. Read more...
Steven Schnall, Quontic Bank CEO, Dies in Accident

Steven Schnall, Quontic Bank CEO, Dies in Accident

Saturday, 20 August 2022
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Steven Schnall, an entrepreneur who built a successful mortgage business as CEO of Quontic Bank, has died in a motorcycle accident at age 55. So reports The Real Deal. Read more...
Fugitives Nabbed Over Multi-State Mortgage Fraud Scheme

Fugitives Nabbed Over Multi-State Mortgage Fraud Scheme

Sunday, 07 August 2022
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Three people involved in an alleged scam resulting in millions of dollars in fraudulent mortgages have been arrested after several months on the run. So reports MarketWatch. Read more...
AmCap Home Loans Picks Usherpa CRM Technology

AmCap Home Loans Picks Usherpa CRM Technology

Friday, 05 August 2022
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AmCap Home Loans has chosen Usherpa as the automated marketing and SmartCRM solution for its more than 500 loan originators and 140 branches. Read more...
Rocket Launches Rate Drop Advantage, New Home Equity Loan

Rocket Launches Rate Drop Advantage, New Home Equity Loan

Friday, 05 August 2022
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Rocket Mortgage announced Rate Drop Advantage, a program that covers a significant chunk of closing costs for a refinancing if interest rates drop and a homebuyer refinances within three years of buying a home.  Read more...
Better.com Confirms Plans to Go Ahead with Public Offering

Better.com Confirms Plans to Go Ahead with Public Offering

Thursday, 21 July 2022
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Online mortgage lender Better.com has signaled that it is still aiming to hit the public markets via a deal with a blank-check company, or SPAC. So reports TechCrunch. Read more...
Real Estate Manager Pleads Guilty to $50M Mortgage Fraud

Real Estate Manager Pleads Guilty to $50M Mortgage Fraud

Thursday, 21 July 2022
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A Hartford, Conn., real estate portfolio manager has pleaded guilty to a charge stemming from a mortgage fraud scheme involving almost $50 million in loans. So reports the Hartford Business Journal. Read more...
Black Knight Launches Tool to Minimize Fee Cure Costs

Black Knight Launches Tool to Minimize Fee Cure Costs

Thursday, 21 July 2022
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Black Knight has unveiled a tool that helps lenders compare loan estimates and closing disclosures from closed loans to minimize mandatory 0% and 10% tolerance fee cures. Read more...
Better.com CEO Sued for Allegedly Conning Investors

Better.com CEO Sued for Allegedly Conning Investors

Thursday, 21 July 2022
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Vishal Garg became infamous after he fired more than 900 workers over Zoom last year and now is facing allegations that he misled investors. So reports CNN. Read more...

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