Skip to main content

Kinecta Federal Credit Union's Wholesale Division Expands to Handle Midwest Brokers

NationalMortgageProfessional.com
Feb 03, 2011

Kinecta Federal Credit Union has opened a Midwest Operations Center in Rosemont, Ill. this month as part of the credit union’s expansion of its wholesale mortgage lending division. The Manhattan Beach, Calif.-based credit union has seen steady growth in its wholesale mortgage operation and to better serve its Midwest brokers, the new 20,0000-sq.-ft. operations center will provide complete loan processing, underwriting, and funding services along with customer service for mortgage brokers. “Kinecta’s wholesale mortgage lending division has been a fairly recent development and its positive results to date have added value to our asset base, which benefits all of our credit union members,” said Brian Robinett, chief credit officer. Robinett was formerly the chief operating officer/chief credit and operations officer of the wholesale lending division at Countrywide. “In a challenging market, it is critical for us to provide exceptional service that meets the unique needs of our customers located in the central United States. This new center will do just that,” said Paul Perez, Midwest regional loan production manager. Currently operating in more than 17 states across the nation, Kinecta Federal Credit Union is a direct lender providing a range of fixed- and adjustable-rate mortgage (ARMs) for purchase or refinance. “We are fully staffed with mortgage professionals dedicated to this market, which makes it a win-win situation for Kinecta, our brokers and business partners,” said Jim Wojton, vice president of mortgage lending operations. For more information, visit www.LoanKinection.com.
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021