News Flash National Mortgage Professional Magazine

News Flash

Debtmarket and First Associates partner to offer new liquidity options
DebtMarket, an automated marketplace that connects buyers and sellers of loan portfolios, and First Associates Inc., one of the nation’s premier consumer loan servicing firms, have announced a partnership that will provide schools, banks,... Read more
Mercantile Capital Corporation sees rise in lending volume in August
Mercantile Capital Corporation, which ranks as one of the nation’s leading provider of U.S. Small Business Administration (SBA) 504 loans saw a big jump in commercial loan volume in August. Christopher G. Hurn, president of Mercantile... Read more
Shane Chalke appointed president of Mortgage Harmony Corporation
Mortgage Harmony Corporation, a provider of innovative residential mortgage products, has announced the appointment of Shane Chalke as president. Prior to joining the company, Chalke founded and recently sold Finetre Corporation, an... Read more
Residential Finance Corporation named to Inc. 5,000 list
Residential Finance Corporation (RFC), an award-winning nationwide mortgage lender specializing in refinances, has been ranked number 3,921 in Inc. magazine’s third annual Inc. 5,000, an exclusive ranking of the nation's fastest-growing... Read more
Sunwest Bank acquires First State Bank
Sunwest Bank has acquired First State Bank of Flagstaff, Ariz. The Federal Deposit Insurance Corporation (FDIC) accepted receivership of First State Bank from the Arizona Department of Financial Institutions, which closed First State Bank... Read more
Mills appointed director of the Indiana Department of Financial Institutions
Indiana Gov. Mitch Daniels has named former bank executive David Mills as director of the Indiana Department of Financial Institutions (DFI). Mills, of Zionsville, Ind., previously worked in corporate banking for more than 37 years with... Read more
Rhonda Beck joins Southwest Securities FSB
Rhonda Beck, CMB has joined Southwest Securities FSB's mortgage purchase program as the mid-Atlantic relationship manager in Charlotte, N.C. She will source business in South Carolina, North Carolina, Virginia, Tennessee, West Virginia,... Read more
Capmark enters into agreement for the sale of its North American servicing and mortgage banking units
Capmark Financial Group Inc. and its wholly-owned subsidiaries, Capmark Finance Inc. and Capmark Capital Inc., entered into an Asset Put Agreement with Berkadia III LLC. Berkadia is a newly formed entity owned by Berkshire Hathaway Inc.... Read more
New service provider added to Calyx Software Network
Calyx Software, a provider of loan marketing, originating and processing software, has expanded The Calyx Network with a new network interface update. The Calyx Network allows users of Point to connect directly with lenders and mortgage... Read more
Mortgagebot announces alliance with
Mortgagebot LLC is pleased to announce a new preferred referral alliance with Honolulu, Hawaii-based Inc., a provider of loan origination software (LOS) systems to mortgage lenders nationwide. Under the terms of the agreement... Read more