New American Funding

The AI-powered LOS provider secures new funding after Pennymac reported a 25% reduction in operational origination costs, with plans to expand the technology into its broker-direct channel

Mortgage veteran will lead recruiting and expansion across Washington, Oregon, Idaho, Montana, and Alaska

The lender is adding customer-facing agents across originations and its $73 billion servicing portfolio, but has not disclosed which transactions will be automated or when deployment begins

Mortgage lender welcomes Nathan Ballentine, an industry vet with 25-plus years of experience, to his new role as regional vice president for the South Carolina region

If certified, the case will become one of the largest antitrust actions in housing finance history

Breach could include borrowers’ financial information, company states in notice