The AI-powered LOS provider secures new funding after Pennymac reported a 25% reduction in operational origination costs, with plans to expand the technology into its broker-direct channel
Tagged: New American Funding
Mortgage veteran will lead recruiting and expansion across Washington, Oregon, Idaho, Montana, and Alaska
The lender is adding customer-facing agents across originations and its $73 billion servicing portfolio, but has not disclosed which transactions will be automated or when deployment begins
Mortgage lender welcomes Nathan Ballentine, an industry vet with 25-plus years of experience, to his new role as regional vice president for the South Carolina region
If certified, the case will become one of the largest antitrust actions in housing finance history
Breach could include borrowers’ financial information, company states in notice
Industry veteran brings 20+ years of experience to strengthen NAF’s Southeast retail operations
Ward touts the company's access to more than 2,000 mortgage programs
In his new role at NAF, Stammler will oversee the Southern Idaho and Northern California markets.
By extending $20 billion in new mortgages to Black homebuyers by the year 2028