Phillip McCall has been promoted to president of Independent Realty Capital Corp., an Anaheim, Calif.-based company doing business as Independent Mortgage Co.Former president Jeff Barrett will now concentrate solely on his duties as Independent's chairman of the board, the company said. In addition, Janene White was promoted to executive vice president of operations. Mr. Barrett said the moves were necessitated by Independent's "unprecedented growth." Mr. McCall served most recently as Independent's chief operating officer and oversaw the firm's mortgage banking units and general operations. He was previously chief executive officer of Home Save Mortgage, a Florida-based mortgage banking company with regional offices in Southern California. Ms. White was previously Independent's senior vice president.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
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President Dhivya Suryadevara is leaving the company shortly after assuming the job, the latest move as the company attempts to recover from an earnings slump.
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Counter to prevailing narratives about rules and enforcement activity whipsawing from one administration to the next, public citations by federal banking regulators have steadily declined over the past decade — under both Democratic and Republican administrations.
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Flatworld Mortgage Solutions says its former vice president breached his employment agreements by soliciting its customers as he formed a rival offshoring firm.
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