Servicing kept the lender profitable in the third quarter as production volume plunged and management accelerated a $160 million cost-reduction plan
Pennymac is cutting jobs and accelerating automation after its mortgage production business swung to a third-quarter loss, even as servicing income kept the company profitable.The lender reported $29 million in net income for the quarter, but its production segment posted a ...
Born from a broker's winning Big Pitch proposal, Quick Counter analyzes competing Loan Estimates and generates alternative offers during borrower calls
Rocket Pro's November Power Play introduces Quick Counter, a new application that allows brokers to upload a competing Loan Estimate, compare pricing, and generate a counteroffer while the borrower is still on the phone.Available through Rocket Pro Navigate, the tool support...
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