Skip to main content

Obama announces Homeowner Affordability and Stability Plan

National Mortgage Professional
Feb 23, 2009

NexBank offers new wholesale lending divisionMortgagePress.comNexBank, wholesale lending division, NexBank Wholesale Lending, PPE, Davis Deadman, Keith Kitterman NexBank SSB has announced a new wholesale lending division, called NexBank Wholesale Lending, which allows mortgage bankers and brokers the opportunity to provide clients with a new means of traditional mortgage funding. The low maintenance, paperless operation includes an automated Product and Price Engine (PPE) and provides simple and prudent financing for residential mortgages, such as purchases, refinances and investment properties. "Our direct lending and commercial business has kept a good, steady pace, even in the current market," said Davis Deadman, NexBank president and chief executive officer. "Wholesale lending makes it possible for us to extend this success, and leverage the companys experience and financial strength to increase our overall lending activity. We have aggressive goals for our new wholesale mortgage operation, and believe it has enormous potential for innovation and success." NexBank's wholesale lending program provides mortgage bankers and brokers a set of funding options that includes FHA, conforming, RD and VA lending products. "Additionally, were fortunate to have some of the most qualified lending professionals on our team combined with some of the best service in the industry," said Deadman. Keith Kitterman, director of Wholesale Lending, joined NexBank in 2008 from a national mortgage financing and services company where he directed the regional operations in Dallas for several years. Kitterman brings market knowledge, ingenuity and experience in similar markets and understands how to pilot NexBank's new division during intense market pressures. "This new operation with NexBank combines optimal timing, experience and financial stability with a superior organization," said Kitterman. "The infrastructure, economics and historic business model in mortgage lending is currently being rewritten because of market conditions, and we are rebuilding the enterprise to be successful not just today but five years from today," said Kitterman. Even with the broad offering of products and services, business objectives are to keep loan underwriting fast and efficient and make timely decisions, maintaining procedures that include a fully automated and paperless operation. "Agility is important in any business, but especially in today's lending market," said Deadman. "It's the intention of NexBank to be highly responsive and fast, giving every advantage we can to our customers." For more information, visit www.nexbank.com.
Published
Feb 23, 2009
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021