C-Suite Strategies

Combined OriginPoint operation will tap a network of more than 80,000 real estate professionals as Rate makes a major push for purchase business

The Jacksonville-based team brings a purchase-heavy business to Better's growing retail network as the lender expands distribution alongside its cost-cutting efforts

The lender adds 200 broker partners representing $12 billion in potential annual production, while its servicing and real estate businesses strengthen its competitive position

Enterprise Bank & Trust joins several banks that have scaled back residential lending operations amid mounting pressure to justify origination costs

The lender is targeting $3 million in annual savings after forecasting its strongest revenue since 2021, with a bank statement loan promotion approaching its Oct. 31 lock deadline

The bank targets $50 million–$55 million in annual expense savings while shifting resources toward financing other lenders

A $4.5 billion portfolio sale accompanies a shift toward core banking clients, while management reaffirms its role financing independent lenders

Garg proposes human engagement as a fallback and production costs below $1,000 per mortgage, while blaming the board fight for lost momentum

Better’s Special Committee dropped its challenge after an independent inspector preliminarily verified more than 52% support for removing five directors, clearing the way for Vishal Garg’s group to begin reshaping the board

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector