Author Archives: Matt Carter

Sagent to power loan servicing for Bank of England Mortgage

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The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments. Continue reading →

Ribbon slashes one-third of workforce to adjust to ‘new reality’

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After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading →

Fed’s steady approach to rate hikes could ease pressure on mortgages

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Fed Chairman Jerome Powell hinted Wednesday that the U.S. central bank is looking to dial back the pace of interest rate hikes as soon as the impact of previous increases shows up in inflation data. Continue reading →

Rate Drop Advantage program offers homebuyers a break on refis

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If rates come down in the next three years, Rocket Mortgage’s program will cover some refinancing costs including first appraisal, credit report, tax certification and the mortgage recording fee. Continue reading →

Keller Mortgage taps Mortgage Coach to convert more leads

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After conducting two rounds of layoffs, Keller Williams’ lending arm looks to grow its business by making a popular lead conversion tool available to all of its loan officers. Continue reading →

Lenders gearing up to help renters become homebuyers

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New technology and policy changes at Fannie Mae and Freddie Mac spur innovations by Guild Mortgage and Ready Life to help borrowers without credit scores and good payment histories. Continue reading →

Side CEO Guy Gal: Indie brokers can thrive in contracting market

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Despite recent layoffs, Side announced earlier this month its expansion into six new states. Gal will discuss “Critical Factors That Are Reshaping the Real Estate Landscape,” at Inman Connect Las Vegas. Continue reading →

HomeLight founder and CEO Drew Uher: Power Buying is here to stay

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HomeLight announced on June 29 that it planned to cut an unspecified number of jobs. Uher is confident in Power Buying and shares his views ahead of Inman Connect Las Vegas. Continue reading →

Flyhomes lays off 20% of workforce, cites rising interest rates

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The layoffs come after a rapid expansion into new markets including Texas, Colorado and Idaho following a $150 million Series C funding round. Continue reading →