Industry veteran Bob Lewis has been named senior vice president and director of the residential mortgage wholesale channel at Fifth Third Bancorp, Cincinnati, as part of an effort to boost Fifth Third's wholesale market share.The company said Mr. Lewis will be responsible for the growth of sales and fulfillment of mortgage loan origination from broker relationships throughout the East. Mr. Lewis joins Fifth Third from Wells Fargo Home Mortgage, where he served as wholesale national sales manager in the institutional lending division and previously managed its correspondent banking business. In connection with the planned expansion of wholesale operations, Fifth Third said Mr. Lewis has appointed Scott Enders vice president and national operations manager and the following as vice presidents and regional division managers: Chris Shrader for the West region; Jim Hensley for the Southeast; and Christopher Knox for the Northeast.
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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









