CAREER & COMPENSATION

While two employees say they were never repaid for a $200,000 loan to the struggling lender, the CEO says the pair broke their promise to cover business losses.

This year 40 companies had what it takes to land on the Best Mortgage Companies to Work For list.

Company veteran Austin Niemiec is running the wholesale arm after the departures of Fawaz, a prominent broker advocate, and general manager Dan Sogorka.

Hundreds of E Mortgage Capital employees, including loan officers, can opt-in to the complaint accusing the company of failing to pay them for overtime.

More mortgage professionals told National Mortgage News they expect their companies to hire, or stand pat, rather than fire workers this year.

Dan Sogorka is leaving Rocket to be with his family in San Diego, while Austin Niemiec's title is unchanged but he will no longer be responsible for retail.

Former Rocket CEO takes new board position, Tidalwave welcomes MBA and ICE alums, NFM promotes at the top and Evergreen, Dark Matter add to their C-suites.

A retail channel veteran, Promisco has spoken frequently about the potential of AI to bring efficiency and lower costs in the loan origination process.

Kind Lending, Class Valuation, also add CFOs, Mortgage Capital Trading boosts artificial intelligence efforts and Acra welcomes an industry veteran.

Patrick Terrance Donlon, CEO of Trusted American Mortgage, settled allegations from 21 states another person took industry education courses for him.

AIME's CEO takes an additional AI leadership role, ALTA elects new president and Revolution, Tidalwave, Visio welcome chief operating officers.

On a year-over-year basis, Waterstone's mortgage business was able to grow pretax profits to $1.3 million in the third quarter, compared with $144,000 in 2024.

Stenger joins the Chicago-based lender after more than a decade at Movement Mortgage and will oversee its retail platform, including new tech enhancements.

The reduction in force affects under 1% of Rocket's team, with the decision to streamline operations made following identifying overlapping roles post-merger.

Onity adds former Meta exec as director, Click n' Close taps industry veteran as president while banks and credit unions boost their mortgage teams.

From volunteer trips to virtual costume parties, lenders are looking for new ways to boost employee wellness to keep their teams happy and healthy.

Manuel Valdes, after he was terminated and sued by Cornerstone, brought a claim against his former employer, plus Marc and Adam Laird, alleging discrimination.

Elimination of the mundane and the elevation of specialized experts able to train AI are among the changes the mortgage industry may see, its leaders say.

Sagent welcomes Rocket, Wells Fargo alums, Assurance Financial appoints a chief operating officer and Williston Financial hires an AI expert

More borrowers who locked their loans with higher financing costs could refinance and buyers may come in at the margin, former Fannie Mae economist said.