William Glasgow Jr. has been named executive vice president of quality assurance at EMC Mortgage Corp., Irving, Texas, and Kurt W. Reheiser has been named senior vice president of conduit technology.Mr. Glasgow, a 35-year veteran of the mortgage industry, has worked with four of the largest mortgage companies, including Lomas USA in Dallas, Citicorp Mortgage in St. Louis, and HomeSide Lending and Washington Mutual in Jacksonville, Fla., EMC said. He was most recently a consultant for several mortgage banks and worked as a contractor for EMC. Last year Mr. Glasgow helped create a new mortgage company, Avelo Mortgage Co. LLC in Irving, and served as its president and chief executive officer. Mr. Reheiser will provide technological support for EMC's conduit operations as well as EMC Residential Mortgage Corp., which provides residential warehouse lines to mortgage bankers. Mr. Reheiser was most recently senior vice president of information technology at Centex Home Equity Co. in Dallas. EMC can be found online at http://www.emcmortgage.com.
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Transunion will offer the credit scoring model for $4 in 2026, following previous moves made by VantageScore partners Experian and Equifax.
October 18 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regulators also accused Southern California-based E Mortgage of failing to properly supervise remote employees and cooperate with their examinations.
October 17 -
While borrowing activity increased from a year ago, seasonal patterns and economic concerns suggest near-term slowing, the Mortgage Bankers Association said.
October 17 -
Solve stages an acquisition, Intercontinental Exchange partners on new indices, Optimal Blue adds updates and Incenter offers a CRA loan trading platform.
October 17