Loancity.com, a wholesale mortgage lender based in San Jose, Calif., has announced the adoption of a new corporate identity as LoanCity to better portray the company's focus as a lender rather than a technology-based dot-com.The new identity includes a new logo and a redesigned website, the company said. "LoanCity has been one of the best-kept secrets in the business," said Kathy Marshall, LoanCity's senior vice president of marketing. "Not many people realize that we are currently among the top 25 wholesale lenders in the country." The company's redesigned website can be found online at http://www.loancity.com.
-
The rule rescission, one of many the Consumer Financial Protection Bureau is planning, would officially remove temporary steps for mortgages added in 2021.
May 16 -
Rocktop Management anticipates rising loan origination volume and increasing borrower distress, driving more servicing sales — key reasons behind its acquisition of Incenter Capital Advisors.
May 16 -
The Virginia man filed a false tax return in 2021 claiming an $18.3 million refund, working with a co-conspirator to defraud a real estate agent.
May 16 -
Servicing profit offset origination losses for some companies, but more than 40% were unprofitable, according to the Mortgage Bankers Association.
May 16 -
Lenders using an automated process can save up to $1,500 per loan but do they have the capacity to pass those through to applicants as the FHFA director asks?
May 16 -
CSBS hires veteran regulatory expert, Selene welcomes two new executives, Polly grows C-suite, Leaderone finds new president, plus more mortgage moves.
May 16