Freedom Mortgage Makes Acquisition
Just a few months after disclosing plans to seek out new opportunities, Freedom Mortgage Corp. has made an acquisition.
Bank Mortgage Lenders and Originators Decline
Compared to a year ago, the number of financial institution mortgage lenders and their loan originators has declined, while non-bank lenders and originators have increased.
Mortgage Firms Set Up Shop in New Locations
Several mortgage companies have opened new offices in eight different states. In addition, a recruiting firm seeks mortgage professionals for branches in the Lone Star State, on the East Coast and on the West Coast.
CO, VA Among Top 5 States in Mortgage Originations
Data on mortgage licensing activity indicates that Colorado and Virginia were among the top-five states in residential loan production by state-licensed originators.
Mortgage Lenders Spread Through New Branches
In recent mortgage branch activity, one recruiter said it was actively hiring on behalf of a lender, and another released a time-saving tool for opportunity seekers. Meanwhile, several lenders built new shops, with some offices serving as the inaugural company foothold in a previously unexplored target market.
State Licensed LOs Increase, Bank LOs Down
From the end of 2013 through the end of 2014, the number of state-licensed loan originators rose, while bank registrations declined. California saw dozens of firms lose their licenses.
LOs Continue to Move From Banks to Non-Banks
A growing share of the nation's mortgage loan originators are opting to work at non-bank mortgage companies.
Merger Creating a New Top-20 Mortgage Lender
The upcoming merger of two independent lenders will create a mortgage banker that would have ranked among the 20-biggest originators last year.
More Originators Move From Banks to Non-Banks
As the number of loan originators working for financial institutions continued to dwindle, the count for state-licensed originator registrations grew.