Scott Coburn has been promoted to vice president and division manager of CreditFlex Funding, the nonprime lending division of ComUnity Lending, a mortgage lender based in Morgan Hill, Calif.Mr. Coburn has nearly 30 years of experience in the mortgage industry, and was most recently vice president and national sales manager for CreditFlex, the company said. His credentials include management roles with Fremont Bank, World Savings, and Freddie Mac, among others. CreditFlex also announced three other personnel changes and said it plans to double the number of its offices around the country this year and begin operations in several new states. The other personnel changes were as follows: Betty Milledge was named vice president of wholesale operations; Suzanne Martindale was named nonprime underwriting manager; and Lynn Terrell was named sales coordinator. CreditFlex can be found online at http://www.creditflexfunding.com.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
7h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
7h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
7h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
10h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25