Industry News

Proper Rate, a mortgage origination joint venture between Guaranteed Rate and @properties, joined forces with Feed My Starving Children to pack more than 59,000 meals through a company-wide charity initiative.

New location is the lender's fifth branch in the state.

Angel Oak Capital Advisors surpassed $10 billion in non-QM securitization issuance, after completing AOMT 2021-8, a $418.16 million non-agency securitization.

Guaranteed Rate named Ryan Ogata and Tim Sorenson as the company's two new Divisional Managers to oversee operations in its Western markets.

ICE Mortgage Technology announced that MERSCORP Holdings Inc., an electronic loan registry for the mortgage industry, is expanding its capabilities to now include industry-wide, secure storage of Remote Online Notarization (RON) videos.

The Consumer Financial Protection Bureau forced VC-backed fintech lender, LendUp, to halt making any new loans and collection on certain outstanding loans, as well as to pay a penalty to resolve a Sept. 2021 lawsuit.

The company will set the standard for traditional real estate investors looking to diversify in the virtual real estate world. 

Succeeds Adam Pollitzer, who becomes president and CEO on Jan. 1.

Revolution Mortgage announced the opening of its third branch location in Maine, located in South Portland and led by branch production manager, Peter Jose.

Ross Mortgage Corporation, a full-service residential mortgage lender, hired Laura Rossol as the company's corporate recruiter.