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Mortgage Equity Partners (MEP) has announced the opening of a new Branch Office in Nashua, N.H.
Mortgage Equity Partners (MEP) has announced the opening of a new Branch Office in Nashua, N.H., MEP’s ninth brick and mortar location. The new Nashua office will host 12 employees, many of whom are seasoned Loan Officers who join MEP from Primary Residential Mortgage.
 
“We are incredibly excited to join Mortgage Equity Partners,” said Eric LaFleur, Branch Manager of MEP’s Nashua, N.H. office. “We share the same philosophy that the client is the most important part of the transaction and that no matter how many loans we have done over the years, we remember to treat each customer like a first-time homebuyer.”
 
With the addition of the Nashua Office, MEP will have 56 Mortgage Loan Officers between the nine office locations.
 
“Our expanded presence in the New Hampshire area shows the demand for our innovative portfolio of products. Our Loan Officers are from the local area and they know the needs of the borrowers they serve,” said Sean A. Riley, Chief Executive Officer of MEP. “We have had great success in our Salem, N.H. office and this now gives us more coverage to be able to help potential homebuyers get into the home of their dreams.”

 
The 2018 New England Mortgage Expo recently wrapped up at Mohegan Sun in Uncasville, Conn.
The 2018 New England Mortgage Expo recently wrapped up at Mohegan Sun in Uncasville, Conn. The event brought together the New England area’s top lenders and speakers for a day of networking, speaker sessions and education.
 
Kicking things off, J. David Motley, Chairman of the Mortgage Bankers Association (MBA), headlined a panel discussion, where topics ranged from the latest happenings in D.C., to the newest trends in the industry.
 
Throughout the day, the Exhibit Hall was open for business, as nearly 80 of the industry’s wholesalers, software providers, and service providers were on hand to chat and demo their latest product offerings.
 
Concurrent sessions were held throughout the day, on a variety of industry topics. Dan McGrew, COO of Pavaso, presented “The Digital Mortgage Experience That Changes Everything,” addressing the proliferation of the digital mortgage experience. Richard J. Bryan of QuickSilva discussed how to assemble the ideal team in his session, “Yes You Can! How to Find, Hire and Maximize Top Performers.” Mortgage fraud that has plagued the industry was addressed by Mike Krone, Vice President of Kriss Law, during his presentation, “Scams, Shams and Cons: How the Fraudsters Are Going After Your Mortgage Proceeds.” The rise of the Millennial market was tackled by Sarah Federico, SVP of Sales for Xinnix, in her insightful presentation “Millennials in the Mortgage Business.”
 
The afternoon continued as Jeffrey Tesch, Managing Director of RCN Capital, discussed ways in which to diversify your product offerings during his presentation, “Boost Your Business With Fix & Flip Loans and Private Lending.” To piggyback on the previous session on fraud, Colleen M. Caposella, President of CATICPro Inc., detailed safeguards against cybercrime in her session, “Cyber Security Awareness: Strengthen Your Business.” Brad Smith, Managing Director of Renovation Sales with Home Point Financial, explained the ins and outs of renovation lending during his informative presentation. The CMBA Legislative and Regulatory Update featured a panel of legal experts discussing what’s in store for the industry over the next 12 months.
 
After a buffet lunch inside the Exhibit Hall, the breakout sessions convened, as Marissa Blundell, Principal and COO with CLA Bankers Advisory presented “2018 HMDA Impact on Fair Lending Compliance.” Mark Daniels, SVP of Sales and Marketing for Info-Pro Lender Services, discussed escrow processing in the New England region during his presentation. Meghan Handy, Marketing Manager for Embrace Home Loans, tackled emerging social media trends in her session “Social, Mobile and Local: Digital Marketing for Loan Originators.” The afternoon concluded with a forum discussing the Dodd-Frank Act and the CFPB, moderated by, from the University of Connecticut, Stephen Ross, Professor of Economics, and Phillip A. Austin, Chair of Public Policy.
 
Attendees walked away from the event, armed with a wealth of knowledge to carry into 2018, benefitting from the knowledge and ideas brought together for the one-day New England Mortgage Expo. 
 
Anthony Pepe -- Residential Home Funding
Scott Koondel of Mortgage News Network stops by the Residential Home Funding booth for a chat with Anthony Pepe
 
Brad Smith, Managing Director of Renovation Sales with Home Point Financial, details the ins and outs of renovation lending during his Breakout Session
Brad Smith, Managing Director of Renovation Sales with Home Point Financial, details the ins and outs of renovation lending during his Breakout Session
 
Reps from REMN Wholesale on the Exhibit Hall floor of Mohegan Sun
Reps from REMN Wholesale on the Exhibit Hall floor of Mohegan Sun
 
The crew from United Wholesale Mortgage (UWM) were on hand at the New England Mortgage Expo to detail their company's product offerings
The crew from United Wholesale Mortgage (UWM) were on hand at the New England Mortgage Expo to detail their company's product offerings

 
 
 
Primary Residential Mortgage Inc. (PRMI) has added Senior Loan Officer Jack Ellison to its Guilford, Conn. office. Ellison has more than 18 years of financial and mortgage industry experience
Primary Residential Mortgage Inc. (PRMI) has added mortgage industry veteran Brad Atwood to its branch located in Nashua, N.H.Primary Residential Mortgage Inc. (PRMI) has added mortgage industry veteran Brad Atwood to its branch located in Nashua, N.H. Brad is a native of New Hampshire and a former member of the New Hampshire Housing Lender Board. He’s worked in the mortgage industry for more than 20 years and has held both operational and sales positions during his tenure.
 
Atwood specializes in first-time homebuyer programs, as well as conventional and government loan options.
 
“I sincerely enjoy helping ‘first timers’ realize the Dream of Homeownership,” said Atwood.

 
Supreme Lending has announced that its San Diego, Calif. branch has partnered with May We Give for Love, a San Diego-based non-profit organization that provides financial contributions and volunteer support to several local charitable causes
Supreme Lending has expanded its northeast territory with a new branch in Exeter, N.H. Industry veterans Mike Behan and David Cote have been selected to co-manage the branch, which will focus on serving communities in New Hampshire, Massachusetts and Maine.
 
Behan and Cote bring 37 years of combined experience originating and closing residential mortgages for unique property types, such as second homes, new construction and rural properties, in addition to resale properties, traditional single family residences and condos. Behan and Cote also have decades of experience with FHA, VA and USDA mortgage products.
 
“A lot of people don’t realize they can qualify for FHA, VA or USDA loans,” said Behan. “One of the best parts of having the years of experience David and I have is knowing how to get good people into great loans. About 75 percent of our business is comprised of government loans.”
 
The duo surveyed other mortgage lenders prior to selecting Supreme Lending. They cite the company’s corporate culture, which is reflected in its quick decisions and shorter-than-average mortgage turn times, as a primary draw.
 
“The reason Supreme can close mortgages in less than a month is because of its common-sense approach to business,” said Cote. “There are zero layers of management between loan originators and the top of the organization. That makes a huge difference in how quickly things can get done. Our clients and partners are loving the speed and efficiency of Supreme’s process.”

 
New Hampshire has extended its three-year-old HomeHelpNH foreclosure counseling endeavor for another year

New Hampshire has extended its three-year-old HomeHelpNH foreclosure counseling endeavor for another year.

The program, which was introduced in January 2013 and was set to expire this year, has assisted more than 2,500 households, with roughly 94 percent of program participants being able to avoid foreclosure with a counselor’s help. New Hampshire Gov. Maggie Hassan noted that while the state funding on the program is coming to a close, contributions from non-public sources will enable HomeHelpNH to continue.

“Thanks in part to contributions from community partners, this vital program will be able to continue providing much-needed foreclosure counseling services across the state, helping middle class families achieve the best possible outcomes given their housing and financial situations,” she said. “While our state’s economy continues to improve, we must maintain our commitment to providing those in need with the tools and resources to navigate complicated housing circumstances, which will help strengthen the health of our housing market, our communities and our economy.”

Paul Cary has joined Mortgage Network Inc. as a loan officer in the company’s Bangor, Maine branch office

Mortgage Network Inc. has announced that it has opened a branch office in Salem, N.H. The office will be managed by Martha Harvey, previously branch manager of Mortgage Network's Westford, Mass. office. A veteran mortgage professional with more than 25 years of experience, Harvey joined Mortgage Network in 2007 after serving as a loan officer at Countrywide and North American Mortgage. Joining Harvey at the Salem office is loan officer David Barbato, who previously served as a loan officer in the Westford branch, in addition to an operations staff of four people.

"Our Salem office is perfectly located to reach borrowers in southern New Hampshire and north of Boston who are in need of greater home financing options," said Brian Koss, Mortgage Network executive vice president. "We chose Martha to lead this office due to her proven leadership skills and impeccable customer service record. We look forward to serving the Salem community for many years to come."
 

Harvey said real estate prices in Salem and north of Boston are within reach of many first-time buyers, but that new federal regulations have made the lending process more complicated.

"While the market is improving, most people have trouble figuring out what they need to get approved," Harvey said. "Thankfully, Mortgage Network has the systems and support I need to guide borrowers through the process as painlessly as possible. Whether they are buying their first home, moving into a bigger home, or refinancing an existing mortgage, we are ready to help local residents achieve their home financing goals."

The Tri-State Mortgage Conference 2016, presented by the Mortgage Bankers & Brokers Association of New Hampshire, Maine Association of Mortgage Professionals and Vermont Mortgage Bankers Association, in partnership with the New Hampshire Bankers Association, Maine Bankers Association and Vermont Bankers Association, will be held Thursday-Friday, Feb. 4-5, 2016 at the Marriott Residence Inn/Portsmouth Harbor Events Center in Portsmouth, N.H.

This year's event was planned by your peers and promises to be an event you will not want to miss! The theme is Millennial!  How the industry is changing, the new mortgage borrower,  how to talk to them, recruitment, training, marketing techniques and the next generation of young mortgage professionals. As well as;  scheduling an effective week, Post TRID, birth order dynamics, Washington update, technology business intelligence, and of course Ruth Dillingham! 

For more information, visit mbba-nh.org/, call (603) 225-6111, click here for the event agenda or here for the full event registration form. 

U.S. presidential candidates of both parties are scheduled to join New Hampshire officials and national experts for a housing summit on Friday, October 16, at the New Hampshire Institute of Politics at Saint Anselm College in Manchester, N.H.

Republican presidential candidates Chris Christie, Lindsey Graham, Mike Huckabee and George Pataki plus Democratic hopeful Martin O’Malley are scheduled to participate in the summit. Also scheduled to attend is U.S. Senator Kelly Ayotte, former Senator Scott Brown, former HUD Secretary Henry Cisneros and Manchester Mayor Ted Gatsas.

The event is sponsored by the J. Ronald Terwilliger Foundation for Housing America’s Families and the Bipartisan Policy Center, the summit will run from 8:00 a.m. to 5:00 p.m.

The New England Mortgage Bankers Association will host its 22nd Annual Conference, Wednesday-Friday, Sept. 30-Oct. 2 at the Rhode Island Convention Center in Providence, RI. For more information, call the Massacusetts Mortgage Bankers Association state office at (617) 570-9114 or click here for the for NEMBC 22nd Preliminary Program Guide.

Robert Steuk, formerly of Exeter, N.H. was sentenced to 41 months imprisonment on one count of wire fraud to which he pleaded guilty in the United States District Court for the District of New Hampshire. Steuk will be placed on supervised release for a period of three years and he was also ordered to pay restitution of $930,946.90. The case was investigated by the Federal Bureau of Investigation (FBI). 
Steuk operated Warranty Title Company LLC, a title services company that primarily focused on closings relating to the refinancing of real estate. Warranty Title was a subsidiary and the largest agent of Chicago Title Inc. On Aug. 9, 2007, Steuk contacted Chicago Title and requested additional funds for the business in order to maintain Warranty Title's solvency. Steuk admitted that he had been illegally transferring funds from the escrow accounts to the operating account. An audit of Warranty Title's escrow account determined that from April 1, 2005-Aug. 9, 2007, Steuk misappropriated funds from at least 36 victims, resulting in the closure of Warranty Title. Steuk repaid a portion of the misappropriated funds, but remains responsible for the repayment of $930,946.90.
"Bringing to justice those who commit mortgage fraud in any of its various forms is a priority of the New Hampshire U.S. Attorney's office," said U.S. Attorney John P. Kacavas. "Prosecutions like this will help restore confidence in our real estate and securities markets, deter future acts of fraud, and provide restitution to victims.”
Assistant U.S. Attorney Debra M. Walsh and Assistant U.S. Attorney Don Feith prosecuted the case, part of the President's Financial Fraud Enforcement Task Force (FFETF) and the New Hampshire U.S. Attorney's Mortgage Fraud Task Force, both of which are aimed at combating financial crimes.
For more information, visit www.usdoj.gov.