Tag Archives: Industry News

Rocket says it could close Redfin acquisition as soon as this quarter

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Home loan giant boosts Q1 mortgage production by 7 percent, to $21.6 billion, says Redfin and Mr. Cooper acquisitions remain on track to close this year. Continue reading →

Investors cheer as Guild grows Q1 mortgage originations by 35%

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Shares in Guild Holdings gain 10 percent as investors recognize $23.9 million net loss for the quarter was driven by a $70 million writedown in the fair value of Guild’s mortgage servicing rights portfolio. Continue reading →

Bernice Ross launches new take on investing with ‘The Investor Scoop’

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To bring the vision of The Investor Scoop to life, Ross has assembled a growing team of industry pros, longtime colleagues and fresh thinkers. This lineup will deliver a wide range of content, from tax tips and tech tools to credit strategies to legal … Continue reading →

LoanDepot boosts lending and profit margins, trims Q1 loss

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Company founder Anthony Hsieh, who returned to the executive leadership team in March, says investments in technology, connections to real estate agents and joint ventures with homebuilders will help it scale. Continue reading →

UWM shrugs off $241M Q1 net loss on loan servicing writedown

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Executives put a positive spin on prospects for growth, with loan origination volume up 17 percent from a year ago to $32.4 billion and revenue up 5 percent to $613.4 million. Continue reading →

Evergreen Home Loans pursuing national expansion strategy

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Bellevue, Washington-based Evergreen hires Wells Fargo and Bank of America veteran Andrew Leff as head of national business development as it continues to expand beyond its roots as a regional independent mortgage bank. Continue reading →

Realtor.com teams up with Reba McEntire for ad campaign

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The campaign features McEntire advising would-be homebuyers in sitcom-like scenarios. It’s also the largest such campaign in the portal’s history. Continue reading →

EXp Realty will now let agents have multiple sponsors

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Agents can now have both a “primary” sponsor and a “co-sponsor.” People in both roles will get to collect money from eXp’s revenue share program. Continue reading →

Chris Choi has been named Chief Financial Officer at MoxiWorks

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Software company MoxiWorks has bolstered its C-suite with the hiring of Chris Choi as Chief Financial Officer. Choi was working on an interim basis prior to being formally named to the position. Continue reading →

Mr. Cooper’s servicing portfolio shrinks for the first time in 2 years

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Nation’s largest loan servicer turned an $88 million Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that’s prompted UWM to cut ties to Mr. Cooper. Continue reading →