Rushmore Loan Management Services LLC announced two positive corporate developments that support a strong outlook for the company’s business. The company has announced that it has received approval to act as a Freddie Mac seller/servicer. With this approval, Rushmore is now an approved seller/servicer for both government-sponsored enterprises, Freddie Mac and Fannie Mae, as well as an approved issuer of Ginnie Mae mortgage backed securities. Click to continue
ICON Residential Lenders has announced that Jeffrey Lisinicchia, CPA, will join the firm as chief financial officer. He joins ICON after a successful career with Peak Corporate Network. He formerly worked at Greenlight Financial Services for many years as chief financial officer and GMAC Mortgage Corporation in various positions, including VP of finance of the DiTech division and CFO of its mortgage REIT. Lisinicchia has an exceptional track record for facilitating growth and instituting consolidated financial reporting practices providing accurate and timely results.Click to continue
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
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