Daniel Jacobs has been promoted to chief executive officer of 1st Metropolitan Mortgage, a Charlotte, N.C.-based national mortgage broker.In addition to directing daily operations and developing new business strategies, Mr. Jacobs will continue as director of corporate acquisitions for Empire Equity Group Inc., of which 1st Metropolitan is a division. Before joining 1st Metropolitan, Mr. Jacobs worked as branch, regional sales, and national sales manager for Empire, as well as vice president of business development. In that capacity, he designed a beta-test program that enabled loan officers to work from remote locations, ultimately leading to the acquisition of 1st Metropolitan, the company said.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
11h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24