Michaelene Whyte was promoted from processing manager of the East to vice president, national fulfillment, distributed retail. Whyte manages processing for the Eastern and the Western regions and is helping standardize corporate processing. Whyte has been with Planet Home Lending since October 2018.
Stephanie Gibbons was promoted from assistant vice president and underwriting manager of distributed retail to vice president, national underwriting manager, distributed retail. Gibbons manages underwriting for the Eastern and Western regions. Gibbons has been with Planet Home Lending since September 2019.
Lauren Reames was promoted from processing manager of retention to vice president, national fulfillment, retention. Reames started as a processor with Planet Home Lending in July 2017 and since then has built the retention processing unit to more than 60 people, with plans to continue growing.
Nicole Berg was promoted from assistant vice president and underwriting manager of retention to vice president, national underwriting manager, retention. Berg joined Planet Home Lending in September 2013.Lenders report rising second-lien production as homeowners protect low first-mortgage rates
Home equity lending is growing fast, and industry executives expect it to surpass Non-QM in origination volume as soon as 2027."I think equity originations are expected to surpass NonQM originations in 2027," said Tom Davis, chief sales officer at Deephaven Mortgage.The grow...
Realtor.com reports a sharp decline in purchase activity as higher rates erode borrowing power
Home contract signings fell 17% year over year in October, reaching their lowest level for the month on record, as higher mortgage rates continued to squeeze buyers out of the purchase market, according to Realtor.com's latest housing report.The annual decline was the steepe...
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