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Heard on the Street

DartAppraisal.com announces integration with First Lender's Data Inc.

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DartAppraisal.com, a provider of nationwide residential real estate valuations, has announced their integration to FirstClose, a service of First Lender's Data Inc. (FLDI). Based in Austin, Texas, FLDI provides cutting-edge technology solutions to mortgage lenders nationwide.Read more

Industry vet David Hall announces the formation of Hall Financial

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David Hall, a veteran of Michigan's mortgage industry, has announced the launch of Hall Financial. Headquartered in Birmingham, Mich., the new company will provide expertise counsel and guidance through Federal Housing Administration (FHA) loans, reverse mortgages, loan modifications, zero-down rural development loans, conventional loans and government incentives. Read more

National Quick Sale and Hollander join forces to expedite short sales

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National Quick Sale, a provider of short sale automation technology, has announced a business partnership agreement with real estate and mortgage services provider Hollander Financial Holding Inc. of Claremont, Calif., to promote the use of its short sale platform’s capabilities through Hollander’s extensive network of real estate professionals across the country. National Quick Sale’s Web-based technology enables all parties in a short sale opportunity to easily monitor workflow and complete documentation requirements in a condensed time frame.Read more

Fairway Independent Mortgage more than doubles its sales in New England region in 2009

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Fairway Independent Mortgage Corporation announced that it has more than doubled its mortgage sales in New England in 2009, becoming one of the largest mortgage lenders in the region. Mortgage loan volume for the company's New England offices grew from $295 million in 2008 to $720 million in 2009, a 244 percent increase. Fairway is now ranked 28th in mortgage loan volume in Massachusetts, up from 76th in 2008, just two years after opening its first Massachusetts branch in February of 2006.Read more

The StoneHill Group announces new hires and relocates to larger facility

Office Expansion Credit: Erik Snyder

The StoneHill Group, a provider of quality control, due diligence, mortgage processing and post-closing services for mortgage originators, has announced a move into new headquarters of more than twice the size of its present location to accommodate its growth and the company’s 2010 expansion program. The new facilities in Atlanta are located at 1117 Perimeter Center West.Read more

Abacus Accounting merges with Mortgage Banking Solutions

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Mortgage Banking Solutions (MBS) has announced its merger with San Diego-based Abacus Accounting Services, a company offering comprehensive bookkeeping services to mortgage banks in the western United States. Shelly Rogers, president of Abacus commented, “I am delighted to join forces with MBS. They are the top mortgage banking advisory firm in the country.Read more

Stephen Staid joins Saxon as EVP

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Saxon Mortgage Services Inc. has announced the appointment of Stephen Staid as executive vice president of customer relationship management. His appointment comes as Saxon repositions itself into the residential subservicing space, specializing in distressed asset servicing. Staid will be responsible for the all aspects of the customer relationship including financial transaction management, early stage delinquency, modification fulfillment, command center, call monitoring and customer service.Read more

AFR Mortgage expands with new office in Cherry Hill, N.J.

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American Financial Resources Inc./AFR Mortgage, a nationwide mortgage lender, has opened a new branch office in Cherry Hill, N.J. to service the local communities of central and southern N.J. The branch office will be led by Phil Valianti, the former head of American Mortgage.  Valianti has more than 20 years of experience in the mortgage industry and has been an active member of the local community for over 30 years.Read more

Sarah Hulbert appointed SVP of reverse mortgages for Seattle Mortgage Company

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Sarah Hulbert has been named senior vice president, reverse mortgages, for Seattle Mortgage Company. Seattle Mortgage Company is a subsidiary of Seattle Bank. Hulbert is a nationally-recognized leader in the reverse mortgage industry, with nearly 20 years of experience in every facet of the business. She was previously with Seattle Mortgage Company from 2000-2006, serving as senior vice president and national director as the company’s reverse mortgage operation grew to become the third largest originator in the nation.Read more

Embrace Home Loans expands to accommodate company growth

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Embrace Home Loans, a direct lender for Fannie Mae and Freddie Mac, approved by the Federal Housing Administration (FHA) and U.S. Department of Veterans Affairs (VA), and an issuer for Ginnie Mae, has announced it is expanding to accommodate current and future growth. The company is moving its Internet origination division, which is comprised of 50 employees, to an 18,000-sq. ft. building located in Providence, R.I.Read more