Skip to main content

Scott Somerville to Lead Supreme Lending’s New Kansas City Branch
May 11, 2017
Supreme Lending has announced that its San Diego, Calif. branch has partnered with May We Give for Love, a San Diego-based non-profit organization that provides financial contributions and volunteer support to several local charitable causes

Supreme Lending has expanded its Midwest territory with a new branch in Kansas City, to be led by industry veteran Scott Somerville.
Somerville has been originating residential mortgages for 17 years, providing hands-on client service that includes meeting with every single client in-person and being present at loan closings. Somerville has strong knowledge of the full range of government, conventional, non-conforming and jumbo mortgage products.
“Our goal is to go from application to final approval in under 20 days,” said Somerville. “As a team, we routinely close loans in four weeks. The majority of our loans this year have closed in that time frame. And, that includes all loans. We are not picking and choosing, leaving out more challenging loan types that typically can take longer. Not many competitors can say that.”
Somerville cites Supreme Lending’s advanced technology, open corporate structure, and loan originator support as key factors in his quick turn times.
“We use technology to expedite the process and enhance the borrower’s experience, but we balance that with a personalized approach that includes face-to-face meetings and attending closing,” Somerville said. “Buying a home is a major life event for most people. We’re there in person to celebrate that. It’s critical for me to be available to answer questions and provide explanations. My clients know they can rely on me.”

Biden Appoints Sandra Thompson As Acting Director Of The FHFA

The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.

Regulation and Compliance
Jun 24, 2021
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
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