HomeBridge Wholesale announced that Kim Lanagan has joined HomeBridge as the regional sales manager for the Midwest/New England Territory. Kim brings over 21 years of experience in the Mortgage Industry to HomeBridge and will focus on expanding and developing the New England/Mid-west market. “I am excited to introduce HomeBridge to the loan officers in these markets, and show them how much HomeBridge has to offer; from excellent customer service, competitive pricing, and a full product spectrum.”
HomeBridge Wholesale has also announced that Brad Smith has joined the company as the regional sales manager of the Southeast Territory. Brad began his mortgage career in 1986 bringing 28 years of experience in which he has successfully assembled and managed both operations and sales teams at the branch, regional, and National level. He most recently served as the FAMP membership director for the Gulf Coast chapter and state director. “I am truly excited to expand the HomeBridge Wholesale footprint in the Southeast. Combining a powerful financial platform along with a full range of products and HomeBridge’s exceptional customer service will provide true value to our broker partners.”
Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach
California voters have approved a $25 billion homebuyer financing initiative that could create new purchase mortgage opportunities for lenders and brokers, particularly those working with homebuilders.Proposition 37, which passed with more than 60% of the vote in the Nov. 3 ...
As investor purchases decline, DSCR loans capture a growing share of Non-QM lending, creating opportunities for brokers who understand the differences between lender programs
Real estate investors are buying fewer homes than they did a year ago, yet debt service coverage ratio (DSCR) lending continues to gain ground in the market. A big part of the reason is that DSCR loans are purpose-built for property investors. Agency loans qualify borrowers ...