National industry appointments update - 11/26/2007

Nov 25, 2007

Mortgage Cadence to release reverse mortgage POSMortgagePress.comReverse mortgage POS Mortgage Cadence Inc. has announced it will provide a new point of sale technology, Mortgage Cadence Prelude, specifically designed for use by lenders moving into the reverse mortgage lending channel. "Mortgage Cadence Prelude will be as easy to use as the simplest forward-lending origination software, but will include the specific functionality required to originate reverse mortgages," said Mortgage Cadence Inc. CEO Michael Detwiler. Mortgage Cadence is a supplier of mortgage lending platforms based in Greenwood Village, Colo. For more information, call (888) 462-2336 or visit www.mortgagecadence.com.

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Nov 25, 2007

C-Suite Strategies

New CEO, COO For American Financial Resources

AFR promotes Robert Pieklo to chief executive officer and Michael Brenning to chief operating officer

National mortgage lender American Financial Resources (AFR) announced yesterday it has promoted Robert Pieklo to CEO and Michael Brenning to COO, effective immediately. Pieklo, who was appointed COO following AFR's acquisition in February 2024, has been “instrumental” in ...

Courts

Ohio Sues United Wholesale Mortgage Over Broker "Scheme"

Lawsuit alleges lender steered borrowers into higher-cost loans through deceptive broker relationships

Ohio Attorney General Dave Yost has filed a lawsuit against United Wholesale Mortgage (UWM), alleging the Michigan-based lender misled borrowers by misrepresenting the independence of mortgage brokers. The complaint, filed in Montgomery County Common Pleas Court, claims U...