In his new job, Olsen will provide software support for OpenClose sales executives catering to mortgage bankers, credit unions, community banks and other real estate entities. Olsen was previously at Ellie Mae as a senior technical sales engineer managing enterprise LOS pre- and post-sales engagements for their core as well as add-on services. Prior to joining Ellie Mae, Chris was a project manager and associate vice president at JP Morgan Chase.UMortgage will retain its brand and sales culture while moving onto NEXA’s larger operating platform, a model NEXA is openly pitching to other broker owners
NEXA Lending's acquisition of UMortgage, is more than a combination of two prominent broker-channel companies. It also presents a model for other independent brokerage owners weighing the benefits of scale against the cost and complexity of operating alone.Under the deal ann...
Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume
Mortgage applications for newly built homes lost ground in July, another indication that builder incentives are struggling to overcome buyers’ sensitivity to elevated mortgage rates.Applications for new-home purchases declined 5.7% from July 2025 and 1% from June, according ...
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