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underwriting

Churchill Mortgage Adds Vet Eric Webb as AVP and Underwriting Manager

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Churchill Mortgage has announced that Eric Webb has joined the company assistant vice president and underwriting manager. Webb brings more than 25 years of industry expertise in underwriting, closing, operations, credit policy, risk management and quality assurance.Click to continue

NMP’s Inside Look: Titan List & Mailing Inc.

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The One-Stop-Shop for Customizable Mortgage Marketing and Data Solutions
An Interview with Justin Restaino, Vice President of Titan List & Mailing Inc.

Justin Restaino is vice president of Titan List & Mailing Inc. based in Deerfield Beach, Fla. Titan specializes in helping mortgage companies reach their target market through the utilization of database and content to drive business growth and grow market share.Click to continue

Wharton School Professor Pushes for Complete Dissolution of the FHA

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Joseph Gyourko’s recent white paper, entitled “Rethinking The FHA” begins with a bold statement: “The Federal Housing Administration (FHA) has failed by any reasonable metric.” Click to continue

Stonegate Expands Into Illinois

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Stonegate Mortgage Corporation has announced the opening of a new regional operations center in Oak Brook, Ill. that will focus on loan servicing and originations. Leading the new office will be Stonegate Mortgage’s Paul Wyner, senior vice president of Third Party Origination who will be on-site and joined by two operations managers: Arthur Lewis, who will be responsible for correspondent lending operations, and Laurie Veasy, who will be responsible for Loan Fulfillment Operation –Underwriting and Closing.Click to continue

The StoneHill Group Continues Expansion With Two New Additions

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The StoneHill Group has grown significantly this year as mortgage lenders look for experienced partners to help balance workload and comply with new industry regulations being enacted by the CFPB. The firm announced the hiring of two additional critical positions to help manage growing demand for their services with the additions of Michael Atwell and Kristin Belcher.Click to continue

United Guaranty Corporation Names Brian Gould New COO

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United Guaranty Corporation has named Brian Gould chief operating officer (COO). Gould, who joined the company in 1999, now oversees underwriting, claims, loss mitigation, customer support, and business analytics, as well as the company’s service operations and enterprise services groups. Gould also has functional oversight of these areas for United Guaranty’s international businesses.Click to continue

Sen. Corker Seeks Further Clarification on CFPB's QM

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U.S. Sen. Bob Corker (T-TN), a member of the Senate Banking, Housing and Urban Affairs Committee, has submitted a letter to six federal agencies, urging federal banking regulators to simplify and synchronize underwriting standards for new mortgage lending rules to avoid permanently regulating the private sector out of the housing finance business. The qualified residential mortgage (QRM) being implemented under the Dodd-Frank Act currently exempts loans sold to Fannie Mae, Freddie Mac, and the Federal Housing Administration.Click to continue

Michael Derstine Joins Genworth U.S. Mortgage Insurance as Chief Risk Officer

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Genworth Financial Inc. has announced that Michael Derstine joined the company as chief risk officer (CRO) for its Genworth U.S. Mortgage Insurance (USMI) unit. Derstine previously worked at Republic Mortgage Insurance Company (RMIC), where he held several leadership roles, most recently as capital deployment group manager.Click to continue