National industry appointments update - 11/26/2007 – NMP Skip to main content

National industry appointments update - 11/26/2007

National Mortgage Professional
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.
Published
Nov 25, 2007
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Industry News
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AnnieMac Home Mortgage Acquires OVM Financial

Wants to expand its outreach into the Mid-Atlantic region.

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Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers

Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.

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FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

Industry News
Jun 30, 2022
FGMC Paying Severance To Ex-Employees

Late-night email tells laid-off workers they'll receive one week of pay for each year of service.

Industry News
Jun 29, 2022
Texas, N.Y. Law Firms File Class-Action Suit vs. FGMC Over Layoffs

Both firms represent a former employee suing over lack of 60-day notice before mass layoff on June 24.

Industry News
Jun 29, 2022