Brent Bickett has been named president of Fidelity National Financial Inc., Jacksonville, Fla., and Alan L. Stinson, FNF's chief financial officer, has been named to the additional post of chief operating officer.FNF's chairman and chief executive officer, William P. Foley II, said Mr. Bickett has run the company's merger-and-acquisition group during numerous acquisitions in recent years, and that his appointment "exemplifies the significance that merger-and-acquisition activity will have in the future FNF holding company strategy." In his additional role as COO, Mr. Stinson will be responsible for accounting governance and oversight for "the entire family of FNF companies," Mr. Foley said. The company can be found online at http://www.fnf.com.
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These originators had the highest combined volume of Federal Housing Administration, Veterans Affairs and U.S. Department of Agriculture mortgages last year.
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Rocket Cos. fell just $200 million short of United Wholesale Mortgage in Q1, as servicing recapture from its massive MSR portfolio fueled $44.7B in closed loan volume.
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The buyer will add around 800,000 loans to its hefty servicing portfolio, while Valon said it will shift away from servicing to focus on technology.
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The new law, which will mandate the Bureau of Indian Affairs to approve or deny loan applications within 30 days, passed with wide bipartisan support.
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The real estate technology company reduced its workforce and consolidated select vendor relationships. These moves will save the company roughly $2 million.
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The lenders' examples of using generative artificial intelligence were more practical than transformational, but in any case data challenges represent a common problem.
May 7








