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The mortgage industry shouldn't be surprised by Guaranteed Rate's top loan officer, Shant Banosian, funding $2 billion in total loan volume during a record-breaking year. After all, “The Billion Dollar Man” is one of the top 5 loan originators in the U.S.

Mortgage delinquencies slowly and steadily continue to improve as foreclosure remains muted, even as forbearance exits mount. 

Overall, the housing market experienced it’s typical seasonal cooling in October, but relief from homebuyers may be short-lived as pending home sales rose 3% from September.

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

A new report from Zillow found that “For Sale By Owner” listings made up just 4-6% of all monthly listings nationwide and that they are mostly used by rural and low-income sellers.

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.