Jerome "Jerry" Selitto, the founder of DeepGreen Bank, has been named executive vice president of the Lender Division of Ellie Mae, a provider of software and services for the mortgage industry based in Dublin, Calif.The company said Mr. Selitto will focus on expanding Ellie Mae's Dynamic Loan Screening, which matches lenders with attractive loan applications as data are entered into a loan origination system. Most recently chief executive officer of DeepGreen, he was previously vice chairman of Amerin Guaranty (now Radian Guaranty), where he was also the CEO of a joint enterprise called CrossNet that focused on creating a platform to link borrowers with financial institutions. Ellie Mae can be found online at http://www.elliemae.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









