Fewer Banks Offer Mortgages as Non-Banks Grow
The number of financial institutions offering mortgages has fallen, while non-bank providers are up. The shift pushed up non-bank loan officer share.
Mortgage Recruiters Hire Entire Retail Teams
While some mortgage banking firms are handling new hires one at a time, others are recruiting entire teams of retail loan originators.
Pockets of Strength in Mortgage Production
Residential loan originations are being generated by a variety of sources, and some of them recently revealed improving volume numbers.
Non-Bank Share of Mortgage LOs Continues to Expand
As the number of registered mortgage loan originators finished 2016 at the highest level yet, the non-bank share of loan officers continued to expand.
Mortgage VP, SVP and EVP Appointments
Among a host of recent appointments at mortgage banking firms are a pair of regional vice presidents and variety of other home-lending executives.
Growth in Guild Mortgage Servicing, Staff
Despite slowing loan production at Guild Mortgage Co., the company experienced growth in its servicing portfolio and its staffing.
Record Number of Mortgage Originators in NMLS
More home-lending originators are registered in the Nationwide Mortgage Licensing System than at any time since there registry went live.
Former Net Branch Giant Loses FHA Lawsuit
The government has won a lawsuit against a former net branch mortgage giant that will cost the firm and its chief nearly $100 million.
Across the Board Growth at Guild Mortgage
Quarterly home lending activity moved higher, the residential loan servicing portfolio grew larger, and employment expanded at Guild Mortgage Co.