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Salvatore Piccola will lead product strategy, while Gil Valera will oversee technology implementation and customer adoption
New TPO capability lets Encompass lenders process retail and broker-submitted loans through the same point-of-sale system
Farr takes over day-to-day operations while Kortas focuses on acquisitions, partnerships, new businesses, and LO economics
NMP Ignite's Build-A-Broker Summit tackled the decisions that determine whether a new brokerage becomes a scalable company or a more demanding job
The Non-QM specialist will underwrite and fund California loans in-house while retaining access to more than 90 wholesale lenders across its broader footprint
The company will consider mutual exits and honor remaining agreements, but has not explained how Motto offices will coexist with its unified mortgage strategy
The reAlpha Mortgage chief takes on a second CEO role as BAC looks to build on its successful trigger-lead campaign
Former CEO targets zero monthly cash burn through higher mortgage volume, AI-driven operating changes, and $2 million in monthly savings
Questions over UWM’s capital structure, MSR valuations, and pricing strategy could carry consequences across the wholesale channel