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Vellum Mortgage has announced the hiring of Greg Kingsbury and the Kingsbury Mortgage Team
Vellum Mortgage has announced the hiring of Greg Kingsbury and the Kingsbury Mortgage Team, extending their reach into the Maryland market. This follows recent additions, Carlos Larrazabal and Shannon Leydig, to the start-up mortgage company’s growing sales team roster.
 
Kingsbury has been originating for 15 years, has helped to arrange almost 1.5 billion dollars in residential mortgages and has provided solutions for thousands of clients within the Washington, D.C., metro area during his career.
“Vellum’s technology and forward-thinking in our changing industry will allow my team and me to provide a smooth and transparent mortgage experience,” said Kingsbury.
 
Larrazabal has helped to arrange more than $1 billion in residential mortgages during his 15-year origination career. He has been named in the Top Five Latino Mortgage Originators in the U.S. by the National Association of Hispanic Real Estate Professionals (NAHREP) in 2018.
 
“The support and resources that Vellum provides are allowing me to elevate my business to new levels” Larrazabal said.
 
Having nearly two decades of mortgage experience, Leydig brings her skills to helping firefighters, EMS, law enforcement, military (active, reserves and veterans), healthcare professionals and teachers with the Homes for Heroes program. Shannon has seen exceptional growth in business, spurred by her dedication and knowledge providing a truly unique mortgage experience for her clients.
 
“Without question, we feel like we’ve hit a homerun with these three. For a young company like Vellum, it’s fundamental to put the right pieces into place early to establish the correct foundation and culture. Greg, Carlos and Shannon give us that and more,” said Patrick Gardner, Principal at Vellum Mortgage.

 
On Tuesday, September 18, NAMMBA CONNECT D.C. will take place at the Double Tree by Hilton Tyson's Corner, 1960A Chain Bridge Road in McLean, Va. from 9:00 a.m.-5:00 p.m.
On Tuesday, September 18, NAMMBA CONNECT D.C. will take place at the Double Tree by Hilton Tyson's Corner, 1960A Chain Bridge Road in McLean, Va. from 9:00 a.m.-5:00 p.m.
 
Highlights of NAMMBA CONNECT D.C. will include …
 
►An Introduction from Tony Thompson, CEO/Founder, NAMMBA
►Building Your Brand With Social Media featuring Ben Smidt, MGIC, Digital Marketing Program Manager
►Realtor Top Producer Panel featuring Peter Nguyen, Sotheby's International Realty, Realtor; Billy Ekofo, Century 21 Redwood Realty, Director; Robert Chevez, The CAZA Group, Chief Visionary Officer; and Janice Spearbeck, RE/MAX Gateway, Realtor
►Keynote Luncheon with David H. Stevens, Mortgage Bankers Association (MBA), President/CEO
►The Coaches Corner featuring Jennifer Du Plessis, Principal, Kinetic Spark Consulting; Deryck Cheney, Mortgage Coach, Deryck Cheney Mortgage Coaching; and Stuart Tyrie of Rewire Inc.
►LO Top Producer Panel featuring Francki DiFrancesco, Apex Home Loans, VP of Residential Lending; Kristi Hardy, Atlantic Coast Mortgage, VP/Senior Loan Officer; Robin McCauley, Caliber Funding, Loan Officer; and Chong Yi, Fairway Independent Mortgage, Loan Officer
 
Click here for more information or to register for this event. 

 
Primary Residential Mortgage Inc. (PRMI) has announced the retirement of two of its co-founders and long-time executives, Chief Executive Officer Dave Zitting and Chief Financial Officer Steve Chapman
Primary Residential Mortgage Inc. (PRMI) has named mortgage industry veteran Mary Beth Henderson as the newest Senior Loan Officer in its Severna Park, Md. office.
 
Primary Residential Mortgage Inc. (PRMI) has named mortgage industry veteran Mary Beth Henderson as the newest Senior Loan Officer in its Severna Park, Md. office“We are thrilled to have Mary Beth join our team,” said Kyndle Quinones, PRMI’s Severna Park Branch Manager. “With her knowledge and experience, she will help us achieve our goal of financing our neighbors’ dreams of homeownership, all while giving each client a personal and positive experience. Whether Mary Beth is working with a first-time homebuyer or an experienced borrower, she strives to exceed expectations.”
 
Henderson has more than 15 years of experience as a Loan Officer, specializing in residential mortgages. She is a member of the Anne Arundel County Association of Realtors and worked as a Senior Loan Officer at Embrace Home Loans before joining PRMI. Since 2006, she has assisted more than 1,000 families in the state of Maryland finance their homeownership goals.
 
“My business philosophy is to treat every client like family, foster meaningful relationships, and earn the right to be their loan officer for life,” Henderson said. “I joined PRMI because I was impressed with the company’s dedication to customer service.”

 
Redfin has announced the expansion of its Redfin Concierge service to home sellers in the Seattle metro area
Redfin Mortgage LLC, the lending subsidiary of the real estate brokerage Redfin Corp., is now offering home loans in the District of Columbia.
 
This is the third market for Redfin Mortgage, which also serves homebuyers Texas and Illinois. The company, which plans to expand into more states next year, offers fixed and adjustable-rate conforming mortgages and jumbo loans.
 
“In the competitive Washington, D.C. real estate market, Redfin Mortgage’s 30-day closing guarantee gives homebuyers an edge in getting their offers accepted,” said Jason Bateman, Head of Redfin Mortgage. “By earning the seller’s confidence that the sale will close on time, offers from buyers with a Redfin Mortgage will stand out from the crowd in a bidding war.” 

 
Primary Residential Mortgage Inc. (PRMI) has announced the retirement of two of its co-founders and long-time executives, Chief Executive Officer Dave Zitting and Chief Financial Officer Steve Chapman
Primary Residential Mortgage Inc. (PRMI) has added mortgage industry veteran Eric Sinar to its Canton, Md. officePrimary Residential Mortgage Inc. (PRMI) has added mortgage industry veteran Eric Sinar to its Canton, Md. office. Sinar has 15 years of experience in the mortgage industry, specializing in first-time homebuying, FHA, VA and jumbo loans.
 
“We are thrilled to have Eric join our team in Baltimore,” said Dean Johnson, PRMI Division President. “Our goal at PRMI is to help our neighbors finance their dreams of homeownership. With Eric’s knowledge and experience, he will help us achieve this all while giving each client a positive and personal experience.”
 
Sinar said, “I joined PRMI because I was impressed with the company’s culture and dedication to customer service. This team truly cares and I am very pleased to be part of such a great company where I fit right in.”

 
Primary Residential Mortgage Inc. (PRMI) has announced the retirement of two of its co-founders and long-time executives, Chief Executive Officer Dave Zitting and Chief Financial Officer Steve Chapman
Primary Residential Mortgage Inc. (PRMI) has named Corey Butler to its Severna Park, Md. team as its newest Loan OfficerPrimary Residential Mortgage Inc. (PRMI) has named Corey Butler to its Severna Park, Md. team as its newest Loan Officer. Corey is a native of the eastern shore of Maryland and is an active member of the Severna Park Chamber of Commerce. He’s worked in the mortgage industry since 2011 and has held both operational and sales positions during his tenure.
 
“I joined PRMI because it is built on relationships, networking and face-to-face interactions. They truly care about the customer experience,” Butler said. “I believe in being involved every step of the way and making meaningful relationships that last a lifetime.” 

 
 
Motto Franchising LLC has announced the sale of its 100th Motto Mortgage franchise
Motto Mortgage, a member of the RE/MAX Holdings Inc. family of brands, has announced that RE/MAX Town Center broker/owners Joe Sabelhaus and Mark Strosnider have opened the first Motto Mortgage franchise in Potomac, Md.
 
“Co-owning a Motto Mortgage franchise allows me to build upon my many years in the mortgage industry,” said Sabelhaus, a former Loan Officer. “Mark and I have a very successful real estate franchise, with two locations, and we were looking to better serve our clients. Our Motto Mortgage 360 loan originators give homebuyers more loan options that fit their individual needs and provide exceptional customer service. We’re truly excited to bring the brand to Maryland.”
 
With Motto Mortgage, experienced mortgage professionals can benefit from tools, resources and proximity to a local real estate brokerage. Motto Mortgage loan originators have access to competitive loan options from various sources and are not bound to the products of one specific lender.
 
“Joe and Mark launched RE/MAX Town Center in 2009 and quickly built it to be one of the premier real estate offices in Maryland,” said Motto Franchising President Ward Morrison. “Joe brings nearly 11 years of mortgage industry experience to his new Motto Mortgage franchise, complemented by 10 years in real estate. Mark has been in the real estate industry for more than 23 years. Our entire team is thrilled to have Motto Mortgage 360 in our network.”

 
When it comes to buying and selling real estate owned (REO) properties, Huntsville, Ala., leads the nation for flipping this particular property, according to data from the online real estate marketing platform Hubzu
House flipping may look fun and easy on HGTV, but it comes with more than a few strings attached.
 
Case in point: David J. Simard pleaded guilty to one count of obstructing the lawful functions of the Internal Revenue Service (IRS) and four counts of failing to file personal and corporate income tax returns in connection to his house flipping endeavors in Maryland. According to the U.S. Department of Justice, Simard began flipping homes during the 1980s, but in January 2008 he received an IRS notice for documents and information from third parties regarding his real estate transactions; Simard was also being audited on his personal income taxes. Less than one month after receiving this notice, Simard created Pegasus Home Corporation and flipped 96 properties from 2009 through 2010 in its name instead of his own.
 
If that wasn’t bad enough, Simard attempted to conceal his ownership and control of Pegasus by falsely representing that a relative was the owner—and the relative played along by applying to the IRS for an employer identification number for Pegasus while opening a bank account for Pegasus. Simard also failed to file personal tax returns for tax years 2009 and 2010, nor did he corporate tax returns for those years.
 
Simard is scheduled to be sentenced on Oct. 12 in U.S. District Court and faces a statutory maximum penalty of three years in prison for obstructing the IRS and one year in prison for each count of failure to file tax returns. He also faces a period of supervised release, restitution and monetary penalties. 

 
Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations
Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations. This event, “More Help for Homeowners” will be held on June 8 from 1:00 p.m.-7:00 p.m. ET at HomeFree-USA's offices at 6200 Baltimore Avenue, Riverdale, Md. Both admission and parking are free for all attendees.
 
At this event, Ocwen customers who are struggling with their mortgage payments will have the opportunity to meet one-on-one with Ocwen Home Retention Agents and HomeFree-USA housing counselors to discuss loan modification programs that could help reduce their monthly payments.
 
Ocwen services more than 38,000 loans in Maryland. From Jan. 1, 2008 through March 31, 2017, Ocwen has provided more than 26,700 Maryland homeowners with loan modifications. Approximately 37 percent of these modifications included principal forgiveness totaling more than $644 million, or an average of more than $64,700 per loan.
 
“Affordable homeownership stabilizes families and communities and we encourage anyone struggling with their mortgage to attend this event,” said Jill Showell, senior vice president of Government and Community Relations at Ocwen. “HomeFree-USA is on the ground everyday working to help families find housing solutions. Together, we can improve the lives of Maryland homeowners by offering loan modifications that will allow them to remain in their homes.”
 
Since Jan. 1, 2008, Ocwen has granted more than 735,000 loan modifications, including approximately 75,000 in 2016, and is responsible for 20 percent of all modifications under the U.S. Department of the Treasury Home Affordable Modification Program (HAMP). Ocwen also has provided billions of dollars in principal forgiveness to homeowners at risk of foreclosure.

 
Primary Residential Mortgage Inc. (PRMI) has announced the retirement of two of its co-founders and long-time executives, Chief Executive Officer Dave Zitting and Chief Financial Officer Steve Chapman
Primary Residential Mortgage Inc. (PRMI) continues to grow its footprint in Maryland by announcing the opening of a new brick-and-mortar branch located in Severna Park, Md. under the PRMI continues to grow its footprint in Maryland by announcing the opening of a new brick-and-mortar branch located in Severna Park under the management of Kyndle S. Quinonesmanagement of Kyndle S. Quinones. The addition of this branch makes it the 13th location in Maryland.
 
Kyndle comes to PRMI with 16 years in the industry and before joining PRMI, she was a senior loan officer at First Home Mortgage for 15-and-a-half years. In her new role, she will be responsible for the overall management of the branch, recruitment and assisting individuals with their home loan needs. She is joined by Genie Bapisteller, head processor; Carolyn Rose, loan officer assistant; and Sara Tinker, paralegal.
 
“There are so many loan programs out there to support home buyers and most people have no idea they exist, especially when it comes to little to no down payment options,” said Quinones. “I want to give people in our community the tools and resources they need to help them with making one of the biggest financial decisions in their lifetime.”