News Flash

Mutual of Omaha Bank launches Texas mortgage operation
Mutual of Omaha Bank has launched a mortgage lending operation in Texas and appointed John V. Kelly III as Texas region manager of residential mortgage sales, the company announced. Based in Dallas, Kelly will lead the bank’s mortgage team... Read more
DebtX promotes Bill Looney to the role of president of U.S. loan sales
DebtX has announced that Bill Looney has been promoted to the position of president of U.S. loan sales. Looney, who was previously executive vice president of DebtX, will continue to be responsible for managing all of DebtX’s loan sale... Read more
Flagstar honored with Innovative Lender Award
Flagstar Bank, a subsidiary of Flagstar Bancorp Inc., has announced that it was named the 2009 Innovative Lender by Mortgage Technology magazine publisher, SourceMedia, at the organization?s recent Tech Awards ceremony in San Diego. In... Read more
NACM introduces social media initiatives
Representatives of the National Association of Credit Management (NACM) have introduced the association’s dedicated blog, LinkedIn group and Twitter page. Read and comment on a diverse selection of newsworthy domestic and international B2B... Read more
Jerome J. Selitto named CEO of PHH Corporation
The board of directors of PHH Corporation has announced that Jerome J. Selitto has been named president and chief executive officer and appointed to the PHH board of directors, effective immediately. George Kilroy, who in June had stepped... Read more
Avista Solutions’ underwriting system completes integration to the FHA TOTAL Scorecard
Avista Solutions, a Web-based mortgage software company, has announced that its automated underwriting system (AUS) has been interfaced with the Federal Housing Administration’s (FHA) Technology Open to Approved Lenders (TOTAL) Scorecard.... Read more
Advantage Systems sees significant growth in mortgage lender net branching trend
Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that the Web-based reporting tool within Advantage Systems’ Accounting for Mortgage Bankers (AMB) is now used... Read more
BankUnited names Barbone EVP of mortgage services
BankUnited has named Raymond S. Barbone executive vice president, mortgage services. In his new role, Barbone will oversee loan administration and servicing, default administration, REO disposition and mortgage modification efforts. ... Read more
MetLife Reverse named a Lenders One Preferred Investor
Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, announced MetLife Bank NA, a subsidiary of MetLife Inc. (NSYE: MET), as its newest preferred investor. The relationship will position MetLife Home Loans... Read more
LenderLive client base grows to 200 clients
LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, announced that the company now has 200 active clients, a notable feat given the number of companies that have fallen prey to the... Read more