Seattle-based Union Bank has hired Debra Montgomery as managing director and Pacific Northwest region manager for the Private Mortgage Division of Union Bank Home Loans.
In her new role, Montgomery will manage a team of private mortgage consultants specializing in home lending products and services to the bank’s Private Bank clients and prospects. She will be based in the Bellevue, Wash., office.
Montgomery was previously Northwest Market Leader for Movement Mortgage LLC, where she led a team of mortgage consultants in addition to managing her own portfolio of clients. Before that, she was vice president and senior home loans manager for Bank of America in Bellevue.
The company expects to begin purchasing fixed-rate HELOCs from correspondent lenders during the third quarter
Achieve has completed a $261.5 million securitization backed by 3,129 fixed-rate home equity lines of credit as it prepares to begin purchasing HELOCs from correspondent lenders.ACHM Trust 2026-HE1 closed July 30 and was announced Aug. 6. It is Achieve’s first HELOC securiti...
Platform volume overtook DTC, but costly enterprise integrations have yet to deliver, and new partnership growth is not expected until Q4
Better Home & Finance will miss its goal of reaching adjusted EBITDA break-even by the end of September, interim CEO Daniel Lewis acknowledged during his first earnings call leading the company.Rather than set another deadline, Lewis said Better must first show that it c...