Guild Mortgage, Seattle, appointed Dan Rivisto as district manager, Northwest region. Prior to joining Guild, Mr. Rivisto was a district manager for W.J. Bradley and an area manager for JPMorgan Chase. In 2002, he joined Countrywide Home Loans as an area builder manager for the greater Puget Sound area and was later promoted to first vice president regional builder manager for a four-state region in the Northwest.
CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.
Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
