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Grand Bank NA

Former Countrywide Exec R.J. Arnett to Lead ICON's Wholesale Division

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ICON Residential Lenders has announced that R.J. Arnett will join the company in the newly-created position of executive vice president of wholesale lending, overseeing the national sales force of ICON's nationwide network of mortgage brokers.

“R.J. is a seasoned mortgage professional who has a track record of growing sales and motivating employees,” said Andrew Pollock, chief executive officer of ICON. “We’re pleased to welcome him to our management team.”Click to continue

ICON Residential Lenders Sold to Rushmore Loan Management Services

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Grand Bank NA has announced that it has signed an agreement with Rushmore Loan Management Services in which Rushmore will purchase the business of Grand Bank’s ICON Residential Lenders unit. Terms of the transaction were not disclosed. Irvine, Calif.-based ICON is a national wholesale mortgage originator and servicer which sources loans through a nationwide network of more than 1,400 mortgage brokers. The company is an approved Fannie Mae seller and servicer and Ginnie Mae issuer of mortgage-backed securities (MBS), and has a strong FHA and VA niche loan business.Click to continue

Mortgage Cadence selected by Carnegie Mortgage to revamp software platform

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Mortgage Cadence Inc., a provider of Enterprise Lending Solutions (ELS) for the financial services industry, has been selected by Carnegie Mortgage LLC, the wholly-owned subsidiary of Grand Bank NA of Hamilton, N.J., to replace their mortgage lending and document management technology platform.Click to continue