Guaranteed Rate Originations Up from Year Earlier
Guaranteed Rate Inc. made year-over-year gains in quarterly mortgage production and quarter-over-quarter gains in servicing.
Navy FCU Raises Originations, Servicing
For the third consecutive quarter, residential loan production at Navy Federal Credit Union has increased over the prior period. Servicing also made gains, but staffing lost ground.
Prosperity Home Mortgage Originations Decline
Prosperity Home Mortgage LLC reported slimmer origination activity in the fourth-quarter 2014 and revealed a leaner workforce.
Employees v Mortgage Employers
A class action settlement rejected over excessive attorneys' fees, a state supreme court decision in favor of a lender whose worker was hit by a car while on a break and the ability of a federal agency to reverse itself without notice are the themes of this round of mortgage employment law cases.
Lake Michigan CU Servicing, Staffing Swell
While home lending at Lake Michigan Credit Union did fall short in a quarter-over-quarter comparison, the decline was minimal. But servicing -- and especially staffing -- surpassed prior quarter counts.
McLean Lifts Quarterly Fundings From Year Earlier
Though McLean Mortgage Corp. saw a slight bump in the number of loans produced last quarter, the dollar amount slipped just below the prior period's.
Work-From-Home Underwriters Being Recruited
A strengthening housing market has a residential lender based on the East Coast expanding its underwriting staff through a "work-at-home" recruiting campaign.
More Servicing Layoffs at BofA
Just a week after disclosing that it would eliminate hundreds of mortgage servicing jobs in Virginia, Bank of America Corp. has advised hundreds of North Carolina servicing employees of their impending layoffs.