“Promontory MortgagePath’s continued growth is directly linked to our ability to help community banks resolve challenges in a way that makes sense for their business objectives and regulatory expectations,” said Eugene Ludwig, Promontory MortgagePath’s founder and chief executive officer. “Sue’s experience in working with banks and their state associations makes her uniquely situated to understand and help them responsibly fulfill their own growth objectives.”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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