Wes Iseley and Arvin Wijay have been hired by Morgan Stanley Credit Corp. in Orange County, Calif., to help build "a world-class wholesale [mortgage] lending platform," according to Morgan Stanley.Mr. Iseley, as executive vice president, will head the company's wholesale mortgage lending operations, and Mr. Wijay will hold the title of senior vice president. Mr. Iseley, 47, has more than 25 years of experience in the subprime mortgage industry, Morgan Stanley said. He most recently held responsibilities for sales, servicing, operations, and support at Fremont General Investment & Loan, a Santa Monica, Calif.-based mortgage originator where he was employed for five years. Before that, he was at Associates First Capital for 19 years, Morgan Stanley said. Mr. Wijay, 38, has over 12 years of experience in financial analysis and planning.
-
In 8-minute presentations, tech providers showed how they're utilizing artificial intelligence to automate entire workflows, supercharge capacity and emphasize compliance.
5h ago -
The release of Fannie Mae and Freddie Mac's internal metrics support this process, but other measures will still be needed, according to Bank of America.
6h ago -
New September funding includes a Series A round for agentic platform Kastle and an investment into Celligence's AngelAI, both with natural-language features.
6h ago -
Borrowers hold a total of $17.9 trillion in home equity in the United States, equal to $310,000 per homeowner, according to Cotality.
9h ago -
The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
September 21 -
ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
September 21










