The Pulse

New American Funding has joined the National Association of Hispanic Real Estate Professionals (NAHREP) in their commitment to increase Hispanic sustainable homeownership
New American Funding has joined the National Association of Hispanic Real Estate Professionals (NAHREP) in their commitment to increase Hispanic sustainable homeownership, and triple Hispanic household wealth in the next decade. The new partnership between NAHREP and New American Funding will establish an actionable plan in support of NAHREP’s Hispanic Wealth Project goal of achieving a 50 percent rate of U.S. Hispanic homeownership.
 
“We’re a community-driven lender and we believe this alignment is a way to enrich lives and make a positive impact on Hispanic communities,” said Rick Arvielo, CEO of New American Funding.
 
The strategy will focus on three initiatives:
 
Foster Hispanic entrepreneurship: By 2024, New American Funding will provide direct mentorship to 500 Hispanic-owned small businesses. This initiative will encompass an annual Hispanic Small Business Summit at New American Funding’s headquarters in California, featuring speakers and business leaders who will provide direct guidance, insight and support to Hispanic businesses owners.
Increase Hispanic homeownership rates: By 2024, New American Funding commits to lending $25 billion in new mortgages to Hispanic borrowers. The mortgage bank will educate 5,000 real estate professionals on the cultural nuances of the Hispanic community and will host 70 industry-exclusive Latino Focus events across the nation.
Increase the number of Hispanics in the mortgage industry: To support the Hispanic Wealth Project’s goal of doubling the number of Hispanics employed in the mortgage industry, New American Funding will commit to recruiting, training and providing employment opportunities for individuals who have no previous experience in the mortgage business. By 2024, the mortgage company will transition 1,000 Hispanic individuals from students to entry-level mortgage professionals.
 
“This commitment is vital in attending to the needs of the future homebuyer and part of our personal mission to empower the Hispanic community. We are very proud to join the efforts of NAHREP,” said Patty Arvielo, president and co-founder of New American Funding.

 
Supreme Lending has expanded its Southwest territory with an additional branch in the Denver, market, to be led by industry veteran Carlos Ruiz who has been selected to manage the branch
Supreme Lending has expanded its Southwest territory with an additional branch in the Denver market, to be led by industry veteran Carlos Ruiz who has been selected to manage the branch. The new Denver branch services borrowers throughout the state of Colorado, and https://www.supremelending.com/has plans to expand into California and New Jersey this year.
 
Ruiz has been in the mortgage industry for 25-plus years and has strong knowledge of the full range of government, conventional, non-conforming and jumbo mortgage products. Throughout his two and a half decades in the industry, Ruiz has built a reputation for easy accessibility and strong product knowledge.
 
“I love getting my clients the best deal possible,” said Ruiz. “My job is to help borrowers choose the best loan program based on their unique needs, goals and financial situations—that includes interest rates, but it also includes much more. If a loan officer is looking strictly at rates, he’s probably doing his borrower a huge disservice. I review each file weekly to stay on top of any changes, because even small changes can impact the rate or terms of a loan. After having closed over 10,000 loans, I’ve learned how to get my clients the best rate possible. Each of my clients benefits from the thousands of others that came before them.”

 
Embrace Home Loans has expanded its presence in Washington, D.C., adding a new branch to accommodate and connect with new buyers, to be led by Mortgage Professional and Branch Manager Margie Hennessey
Embrace Home Loans has expanded its presence in Washington, D.C., adding a new branch to accommodate and connect with new buyers, to be led by Mortgage Professional and Branch Manager Margie Hennessey.
 
“With this expansion, Embrace will be able to better serve homebuyers in the district and recruit expert loan officers to our team, ultimately helping us further demonstrate our reputation as a trusted and experienced lender throughout D.C.,” said Hennessey. “Our goal is to not only cultivate relationships with local real estate agents and buyers, but also to serve the diverse cultural needs of D.C. and the surrounding communities. We pride ourselves on our ability to serve a wide variety of groups, as our team is fluent in American Sign Language as well as Spanish.”
 
With more than 13 years in mortgage lending, Hennessey has served as mortgage professional and branch manager gaining a wealth of loyal borrowers through the purchase and refinancing processes. She is an accredited life coach, coaching her team of loan officers on how to excel in business and provide customer-centric service. In addition to her work, she is fluent in American Sign Language and a native to the American Deaf Culture.
 
“With the recent increase of homebuyers in D.C., there is a need for trusted home financing solutions and Embrace’s expansion will support this increased demand for home-buying,” said Jeff McGuiness, chief sales officer of Embrace Home Loans. “We are confident Margie and her team will continue to provide unparalleled service for both borrowers and real estate agents while maintaining a strong brand presence in the area. We look forward to continuing to support this market and developing relationships with local homebuyers.”

 
Churchill Mortgage has announced that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower’s
Churchill Mortgage has announced that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower’s loan documents and mortgage proceeds. The process will be managed for Churchill by Secure Settlements Inc. t/a Secure Insight. The company chose the Closing Guard tool to evaluate the backgrounds, licensing, insurance and trust accounts of agents as a method to identify potential threats before a closing takes place.
 
“We are pleased and honored to have been chosen by Churchill for these critical risk management services,” said Secure Insight Chief Operating Officer Wayne Doctor. “In our extensive dealings with their leadership team we saw first-hand their serious commitment to quality control, consumer protection and overall loan quality assurance. We are proud to be their partner in this important endeavor.”
 
Closing Guard evaluates, rates, monitors and reports settlement gent risk in real-time through a nationwide database of mortgage closing professionals. The Secure Insight proprietary evaluation process combines automated data analysis with live reviews by trained analysts.
 
“We recognize our responsibility to protect consumers from harm caused by theft of funds, identity and mortgage fraud, and our company continually seeks to not just meet but to exceed regulatory expectations for quality control and loan quality assurance,” said Laura Fellman, SVP of Operations at Churchill. “We take the management of third party service providers seriously, both for operational risk but also for investor confidence and consumer protection. We spent several months evaluating various providers to help us address settlement agent risk, and were impressed with what Secure Insight has to offer in its Closing Guard product.”

 
The Mortgage Collaborative and LendingQB have announced a partnership to provide network members with access to LendingQB’s suite of services
The Mortgage Collaborative and LendingQB have announced a partnership to provide network members with access to LendingQB’s suite of services. The Mortgage Collaborative selected LendingQB as the exclusive Loan Origination Software (LOS) partner of network due to the technology and operational expertise the company can provide its members. Network members who decide to work with LendingQB will find a 100 percent Web browser-based system that manages the entire mortgage lending process intuitively and efficiently.
 
“Lenders require technology that can efficiently support their unique business objectives,” said Rich Swerbinsky, EVP, national sales and strategic alliances for The Mortgage Collaborative. “Partnering with LendingQB allows The Collaborative to offer our members a proven and innovative LOS platform that provides the technological backbone for a nimble and efficient mortgage process.”
 
LendingQB provides mortgage lenders with a holistic model for optimizing business performance with powerful best practices that enable rapid user adoption and software effectiveness. LendingQB’s open API enables integrations with more than 200 partner integrations, providing lenders with a flexible solution that can best serve its organizational needs.
 
“The Mortgage Collaborative’s network brings together lenders and select vendors for the purpose of sharing resources, industry knowledge and expertise,” said Tim Nguyen, president of LendingQB. “We decided to partner with The Mortgage Collaborative because of the values and leadership the organization brings to the industry. Our partnership with The Mortgage Collaborative underscores the commitment we have to delivering meaningful and practical solutions that improve the mortgage lending experience for lenders and their customers. We look forward to building a deep and meaningful relationship with The Mortgage Collaborative and their members.”

 
WFG National Title Insurance Company has announced that Michael Kelly, vice president and state underwriting counsel for the company’s New York agents, is retiring
WFG National Title Insurance Company has announced that Michael Kelly, vice president and state underwriting counsel for the company’s New York agents, is retiring. Kelly began his career in the title industry as a title searcher in 1972, after earning his undergraduate degree from St. Lawrence University in upstate New York.
 
Kelly had previously served his country as a military policeman during the Vietnam conflict. Attending law school at night, he received his JD from St. John’s University and was admitted to the New York Bar in 1978. After a short stint in private practice, Kelly took a job with Security Title and Guarantee Company. He has worked in the title insurance industry ever since, as underwriting counsel for both direct and agency operations, working at various times for three of the nation’s largest title insurance companies. He has been New York State Counsel for WFG National Title since 2012. Mike is a member of the NYS Bar Association Title and Transfer Section, and has been on the Executive Committee of the New York Land Title Association for many years.
 
“It’s virtually impossible to replace a man like Mike Kelly,” said Gene Rebadow, WFG National Title EVP, Agency, Eastern Division. “His outstanding service on behalf of WFG’s agents as well as the New York Land Title Association will not soon be forgotten. He has been an outstanding resource and ally for our agents, and we wish him nothing but the very best in the future.”

 
Castle & Cooke Mortgage has announced the opening of its Danielson, Conn. branch. The new location expands the company's footprint in the state and will complement the company's sister branch in Columbia, and be led by industry veteran TCooke@castlecookemortgage.comTodd A. Cooke who has 15 years of experience in mortgage lending and real estate brokerage.
 
"Assisting first-time homebuyers who need personalized guidance through the homebuying process and buyers unsure of their options given their current credit situation, are my specialty," said Cooke. "I take pride in simplifying the homebuying process and providing all of the information a buyer should have to come to the best decision for their specific and individualized needs."

 
WFG National Title Insurance has added Susan Silverstein as senior vice president for its agency group
WFG National Title Insurance has added Susan Silverstein as senior vice president for its agency group, where she will focus on the Florida region. In her new position, Silverstein will work to further grow WFG’s base of independent title agents and support the underwriter’s existing agency relationships. She has more than 35 years of experience in the settlement services industry.
 
“Susan knows title insurance—especially in Florida—and understands what our agents need in order to thrive,” said Gene Rebadow, EVP, Agency, Eastern Division for WFG. “Many of our agents already have great relationships with Susan, and have expressed their delight that she is now with WFG. She routinely goes above and beyond what agents tend to expect from their underwriter, making her virtually a part of her client’s team. Susan has a long history of supporting agents where they need it most, and will be a fine addition to our growing team.”

 
NAMB+ Inc., the for-profit marketing and communications subsidiary of NAMB—The Association of Mortgage Professionals, has announced its latest Endorsed Provider, Sarma Mortgage Credit Services
NAMB+ Inc., the for-profit marketing and communications subsidiary of NAMB—The Association of Mortgage Professionals, has announced its latest Endorsed Provider, Sarma Mortgage Credit Services.
Sarma Mortgage Credit Services
“NAMB+ is pleased to have chosen a firm such as Sarma Mortgage Credit Services as its newest Endorsed Provider,” said Nathan S. Pierce, president of NAMB+. “By utilizing Sarma, our members have access to an extensive portfolio of resources, including merged reports, CreditXpert tools, AVM reports, SocialValidate, TRV verification, the ability to interface with more than 30 LOS, Fannie Mae and Freddie Mac connections, verification of employment/deposit, and much more.”
 
NAMB+ connects NAMB members with an array of Endorsed Providers, aimed at helping mortgage professionals gain a competitive advantage in today’s marketplace with discounts and special programs only available to NAMB members. NAMB+ brings everything from compliance, digital mortgage platforms, lead generation, phone services, social media, custom canvas prints and much more to NAMB members as part of the NAMB+ program.
 
“Our array of product offerings are geared to assist all loan originators in getting to the closing table in an expeditious manner,” said Sarma President and CEO Bob Benavides. “We know the industry is fast-paced, so we have extended hours to provide our clients more support. When NAMB members partner with Sarma, they can be assured they have the full resources and capabilities of a trusted industry leader.”

 
GSF Mortgage Corporation has added two new loan originators in its Akron, Ohio branch
GSF Mortgage Corporation has added two new loan originators in its Akron, Ohio branch, James Terrill and Noelle Morovich, who will both be working under Branch Manager Tim Krichbaum.
gogsf.com
Terrill has been in the mortgage industry for the past eight years. Morovich has been in the mortgage industry since 2011.
 
“We are pleased to welcome our two newest loan officers to GSF Mortgage Corporation,” said Krichbaum. “We look forward to providing great client service locally and nationally.”