Career moves

PennyMac formed the new division to provide multifamily and other commercial loans under $10 million.

People movers for the week ending Dec. 5.

Meeting people and getting to know them remains the most successful way of getting new clients.

Beal was a senior vice president in transaction management at Clayton Holdings and an advocate for tougher due diligence in residential mortgage-backed securities after the financial crisis.

A company's evolution from startup to established business requires executives to have a wide array of leadership skills, particularly given the intricate compliance requirements that can complicate the growth trajectory of many mortgage firms.

People movers for the week ending Nov. 26.

The namesake of the lifetime achievement Mortgage Technology Award left a tremendous legacy on the mortgage industry.

WASHINGTON — The top Republican and Democratic spots on the House Financial Services Committee will remain unchanged in the new Congress.

JPMorgan Chase said it's on track to eliminate 3,000 more jobs this year than previously forecast in its mortgage and credit-card divisions.

Photos from the 15th Annual Mortgage Technology Awards Ceremony in Las Vegas

Narayan Bharadwaj, the former general manager and head of mortgage technology vendor Wipro Gallagher Solutions, will serve as president and chief operating officer of the newly created professional services division of document preparation vendor DocuTech.

He founded and owned Myers Internet Services, which at one time hosted over 8,500 websites for originators and real estate agents.

Industry veteran David Applegate will serve as CEO of Common Securitization Solutions LLC, the new firm co-owned by Fannie Mae and Freddie Mac to develop a common securitization platform for the mortgage secondary market.

Bill Cosgrove intends to make the return of the first-time homebuyer his primary focus as the new chairman of the Mortgage Bankers Association.

Freedom Mortgage in Mount Laurel, N.J., continued its recent growth strategy by acquiring the assets of Continental Home Loans in Melville, N.Y.

The giant servicer picks its reverse mortgage CEO Otto Kumbar to lead its forward and reverse mortgage lending businesses.

The consolidation is expected to be completed by the start of next year.

Earnings at Radian Group swung to a profit the third quarter, boosted by mortgage services revenue and a lower credit-loss provision.

Robert Bram of Long Island's Luxury Mortgage Group got his start in the industry trading mortgage-backed securities, but his passion for people led him to a career as an originator.

The Wolf Firm, attorneys to the financial services industry, said that attorney Scott J. Jackson has joined the firm as executive vice president and chair of its new national eviction management practice.