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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The appointment of the mortgage veteran comes as the lender undergoes marketing and branding pivots, including its recent name change from Nexa Mortgage.
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The reduction in force affects under 1% of Rocket's team, with the decision to streamline operations made following identifying overlapping roles post-merger.
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Other studies have found fewer credit pulls could be viable, but this shows millions more would be adversely impacted than in a bi-merge.
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Mortgage Bankers Association economist Marina Walsh said lenders could be failing to close more loans as more consumers apply with multiple originators.
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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.
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