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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. Edge Home Finance launched its Edge Loan Advisor platform in January 2025 that is powered by FinLocker. ” . ”

Mortgages 391
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Fairway’s Steve Jacobson is ’focused on speed’ as he builds company culture

Housing Wire

To open the conversation, Sanchez asks Jacobson to explain how Fairway harnesses the power of positive recommendations to boost production for the company’s loan officers. Jacobson explains that Fairway prioritizes employee free speech and inclusivity that competing brands may not have. The people that work will grow.”

As-is 448
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Rocket’s Varun Krishna thinks Redfin deal can expand opportunities for broker network

Housing Wire

” Shared brand values Rocket’s year to date has been marked by a series of changes in the company’s outreach and branding. “We think we can create a stronger overall brand by really optimizing the interaction between these brands.”

Branding 418
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Panorama Mortgage Group launches 1% down payment loan program

Housing Wire

Nonbank lender Panorama Mortgage Group (PMG) launched a new program that allows first-time homebuyers to take out a loan with a 1% down payment , the company announced on Wednesday. Founded in 2007 in Las Vegas , Panorama originated from Alterra Home Loans , which carved out a niche by catering to first-time Hispanic homebuyers.

Loans 440
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FOA’s Kristen Sieffert talks about growing the business in 2025

Housing Wire

Sieffert called 2024 a significant period of strategic alignment for the company, citing the unification of its disparate brands under a single banner, and the challenges she said were overcome as it processed the particulars of its acquisition of American Advisors Group (AAG), the industrys former leading player.

Branding 356
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How Pennymac is navigating the double-edged sword of lower rates

Housing Wire

It can improve loan production and acquisitions but hurt their servicing portfolios. In total, loan acquisitions and originations had an unpaid principal balance (UPB) of $31.7 The company’s refinance recapture rate is 52% for government loans and 34% for conventional loans. “We million from July to September.

Principal 435
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Newrez parent Rithm Capital posts 57% profit growth in 2024

Housing Wire

billion in consumer loans from Goldman Sachs while also closing a deal to purchase Sculptor Capital Management and its $33 billion in assets under management. In total, its funded loan volume jumped from $8.9 Its refinance recapture rate in 2024 when including closed-end second-lien loans was 52%, up from 41% two years earlier.

Loans 411