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Sarah Middleton joins Supreme Lending in C-suite roles

Housing Wire

Supreme Lending is adding a seasoned veteran to its leadership team. Supreme Lending was drawn to Middletons experience in mortgage with building teams and driving visibility. Supreme Lending was drawn to Middletons experience in mortgage with building teams and driving visibility.

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Cornerstone Capital Bank launches community lending division

Housing Wire

Cornerstone Capital Bank , a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week. ” The Community Lending Division will offer mortgage programs and products tailored to benefit underserved borrowers.

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WaFd Bank exits home mortgage lending, says model is ‘unsustainable’

Housing Wire

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. It further clarified that it will continue its business lending activities, including commercial mortgages, and will begin offering loans backed by the U.S.

Lending 397
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Inside the non-QM boom: How Acra Lending serves borrowers outside the agency box

Housing Wire

Non-QM loans are often associated with higher interest rates and unfavorable terms that verge on predatory lending. Exploring the big picture of non-QM lending When it comes to non-QM loans, borrower use cases often vary depending on the person. For Acra Lending, non-QM loans for non-owner-occupied (NOO) properties start at 6.2%.

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GVC Mortgage hires Jen Peachman as VP of strategic lending

Housing Wire

GVC Mortgage announced the hiring of Jen Peachman as vice president of strategic lending, a move that Peachman confirmed on LinkedIn. ” With more than 20 years of experience in mortgage and financial services, Peachman formerly served as national director of origination sales for Lenders One Mortgage Cooperative.

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Guaranteed Rate Affinity appoints new mortgage lending VP

Housing Wire

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls is the latest addition to a leadership team of seven executives at the developing company.

Lending 433
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Better Mortgage partners with NEO Home Loans to transform “local” mortgage lending

Housing Wire

Today’s mortgage lending environment is shifting rapidly. Transforming mortgage lending with Artificial Intelligence (AI) HW: Tell us more about your goals with the partnership. This partnership allowed us to create what we believe is the first truly transparent, partnership-based lending model.

Lending 365