Former Mortgage Bankers Association chairwoman Regina M. Lowrie has joined the advisory board of Salient Business Solutions, a leading provider of business process outsourcing services based in Gurgaon, India. Ms. Lowrie is currently the president and chief executive of Vision Mortgage Capital LLC, as well as RML Investments Inc., a consulting firm serving the financial services industry. Prior to forming Vision Mortgage Capital, she was president of Gateway Funding Diversified Mortgage Services. "The addition of Ms. Lowrie to the advisory board is a signal to the mortgage industry that Salient is developing a significant presence in the market," said Manoj Malhotra, chief executive of Salient Business Solutions. "The advisory board members regularly provide us with their domain expertise, and our executive team draws upon that experience when making strategic decisions and developing our road map for the expansion of the company. As we seek to expand our presence in the mortgage industry, Ms. Lowrie's insight will prove to be invaluable."
-
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









