Tag Archives: mortgage origination

Back as CEO, loanDepot founder has his work cut out for him

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Anthony Hsieh brings back two technology executives after loanDepot, which hasn’t turned a full-year profit since 2021, posts $25 million Q2 loss. Continue reading →

Chimera boosts non-QM presence with HomeXpress acquisition

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The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading →

Rocket Companies set to acquire Mr. Cooper Group Inc. for $9.4B

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The all-stock deal is set to close in Q4 2025. Mr. Cooper Group Chair and CEO Jay Bray will become president and CEO of Rocket Mortgage while reporting to Rocket Companies CEO Varun Krishna. Continue reading →

Rocket Companies to purchase Redfin in $1.75B all-stock deal

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Rocket Companies announced Monday its plans to acquire Redfin in an all-stock transaction valued at $1.75 billion in equity. This acquisition will integrate Redfin’s home search platform, which features over 1 million listings and a network of 2,200 ag… Continue reading →

Ally Financial’s exit from mortgage will impact Better, HouseCanary

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Ally, which originated $1 billion in mortgages in 2023 through a partnership with Better and is an investor in the company, is laying off hundreds of employees. Continue reading →

AI mortgage chatbot launches as ChatGPT comes under scrutiny

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Beeline CEO Nick Liuzza is unfazed after the lender launched what it claims is the world’s first AI mortgage chatbot during the same week that the FTC hit ChatGPT creator OpenAI with an investigative demand. Continue reading →

Truework authorized by Fannie Mae to help speed up loan approvals

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Truework joins Blend, Equifax Mortgage Solutions and Finicity as third-party vendors currently authorized by Fannie Mae as income and employment validation report suppliers. Continue reading →

Compass is launching its own mortgage company, OriginPoint

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OriginPoint will provide origination services to consumers in select Compass markets by the end of 2021, marking the brokerage’s latest move toward an end-to-end transaction. Continue reading →

5 ways the pandemic mortgage boom has changed the market

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Mortgage experts Ann Thompson and Christian Wallace share how the pandemic changed the mortgage market and what it means for today’s consumers. Continue reading →

Mortgage software company Ellie Mae to be acquired for $3.7B

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Ellie Mae, founded in 1997, processes 35 percent of all mortgage applications in the U.S., according to Banking Tech. Continue reading →