Fairway loses 8 California branches to rival Guild Mortgage

The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350 million in loans last year “is equal to that of a mini acquisition.” Continue reading

United Wholesale Mortgage is gunning for retail rivals’ customers

United Wholesale Mortgage, the nation’s biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages. Continue reading

Rocket Mortgage’s profits slip in Q3 as it pivots to lending to homebuyers

Rocket Mortgage is targeting homebuyers more aggressively in marketing campaigns designed to bring consumers directly to its website. Continue reading

First American providing same-day title decisions on eligible mortgage refis, home equity loans

Taking a page from the playbook of a fintech upstart, the nation’s largest title insurance underwriter is making an automated title decision engine available to title agents. Continue reading

Digital closing firm Doma sees agents as key area for growth

Doma, which plans to go public this month on the strength of its digital title insurance, escrow and closing platform, is intent on growing its business with real estate agents. Continue reading

Lawsuit accuses United Wholesale Mortgage of antitrust violations

A Florida mortgage broker alleges UWM is violating the law by refusing to do business with brokers who send loan applications to Rocket Mortgage or Fairway Independent Mortgage. Continue reading