Cyrus Brinn has been promoted to chief executive officer of GHR Systems Inc., Wayne, Pa., and David Morrison has been promoted to executive vice president and general manager of GHR's Mortgage Automation Solutions division.Mr. Brinn joined GHR in 1998 as executive vice president and has served as the company's president and chief operating officer since June 1999. He will share the title of CEO with Allan Redstone, a cofounder of GHR. "Since 1984, Brinn has been pioneering the design and development of numerous automated lending systems including mortgage loan origination, secondary marketing, closing, servicing, asset management, investor reporting and securitization," the company said. Mr. Morrison started with GHR in 2000 as senior vice president of client services. GHR Systems, a provider of lending automation technology, can be found on the Web at http://www.ghrsystems.com.
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The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
May 9 -
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
May 9 -
Feds say Chicago businessman Mark Steven Diamond defrauded at least 80 victims and caused at least $6 million in losses.
May 9 -
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
May 9 -
The 30-year fixed rate mortgage fell for the first time in six weeks as the Federal Open Market Committee meeting outcome is finally priced in.
May 9 -
The home purchase market right now is healthier than it was last year, said CEO Mat Ishbia, noting a 24% increase in volume over the recent period compared to Q1 2023.
May 9