FundLoans.com Selects Comergence for Wholesale Originator Oversight – NMP Skip to main content

FundLoans.com Selects Comergence for Wholesale Originator Oversight

Jan 24, 2017
Comergence has added Don Scales as manager of its Business Development team, bringing more than 11 years of mortgage industry experience and 25 years as a sales professional

Comergence has been chosen by FundLoans.com to implement a secure and streamlined solution to manage their newly created wholesale channel for third-party originator oversight.

FundLoans.com has existing operations servicing Florida and the Western United States and is solely focused on jumbo non-QM loans. Using the platform to approve partners will ensure they do business with originators that need their unique jumbo product, and are accustomed to using the Comergence technology.

“We’re pleased that we can assist FundLoans.com with their Wholesale channel efforts and regard them as key players in a niche funding market,” said Comergence President Greg Schroeder. “The partnership will be a win for both the FundLoans.com team and all originators registered with Comergence who can utilize their specific product offerings.”

By choosing Comergence, FundLoans.com will also be able to standardize their recruitment process while having the added regulation benefits that the Comergence platform offers.

“Service is a critical part of our business philosophy and with expertise in specialized funding we need to have a process in place that can quickly get our brokers approved,” said Jon Maddux, FundLoans.com’s chief executive officer. “Giving them the ability to apply using the Comergence gold standard, falls in line with our service requirements.”

About the author
Published
Jan 24, 2017
MISMO Updates Mortgage Insurance Standards To Support FICO 10T, VantageScore 4.0

New implementation guide standardizes mortgage insurance data exchange, helping lenders, insurers and technology providers prepare systems for newer credit scoring models

Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.