C-Suite Strategies
The startup emerged from stealth with $5.1 million after acquiring Hightide Mortgage, and growing from eight to roughly 40 LOs, betting AI can change the economics of the brokerage model
Benchmark Mortgage is shifting its resources to retail after closing Eleven’s wholesale and correspondent operation, while brokers face questions over loans already underway
Deal brings technology touching nearly 1 in 10 mortgage originations into an ecosystem that already includes Envoy Mortgage and a growing roster of real estate services
Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches
Proxy advisers split over the founder’s campaign to remove five directors as Better tries to preserve his AI strategy without restoring his control — and without the executive hired to lead Tinman’s expansion
The First American subsidiary is sharpening its lender-facing identity after becoming the nation’s fourth-largest mortgage subservicer
The proxy adviser says Garg has not made the case for removing five directors, while Better’s interim CEO outlines a narrower strategy built around wholesale, home equity, and repeatable partnerships
Celligence says the debt financing will support a broader rollout of technology it claims can reduce internal mortgage manufacturing costs to less than $125 per loan
Farr takes over day-to-day operations while Kortas focuses on acquisitions, partnerships, new businesses, and LO economics
The company will consider mutual exits and honor remaining agreements, but has not explained how Motto offices will coexist with its unified mortgage strategy