According to the Atlanta-based company, Angel Oak Correspondent is launching a new Web site, AngelOakCorr.com, and the future expansion of the site will include a version of its proprietary QuickQuote engine specifically for correspondents, as well as a portal for marketing materials. The company has also named four new executives to run the correspondent channel: Andy Steben as senior vice president of correspondent lending, Dave Ryan as vice president of operations and credit for correspondent lending, Dan Bayer as vice president of correspondent sales and Bill Franks as director of training.
“Angel Oak continues to pave the way for non-QM lending,” said Tom Hutchens, executive vice president of production at Angel Oak Mortgage Solutions. “More national lenders are catching on to the non-QM trend we’ve seen all along. Our correspondent team brings a new level of expertise to keep us ahead of the competition.”
At least a dozen civil lawsuits have been filed against the company, all seeking class-action status.
Florida-based Lakeview Loan Servicing LLC, the fourth largest loan-servicing company in the nation, is facing at least two proposed class action lawsuits as a result of a late-2021 data breach that reportedly affected more than 2.5 million consumers.
At least a dozen civil...
Pending home sales dipped for the sixth consecutive month, according to a report released Thursday by the National Association of Realtors.
The pending homes sales index for April showed that sales were down 3.9% from March, and when compared to the prior year, pending sale...
The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.
CoreVest American Finance LLC is expanding its business purpose loan correspondent channel, following the pricing of its inaugural securitization of bridge loans on transitional housing assets.