Mortgage Cadence Inc., Denver, has hired John Levonick as its chief legal and compliance officer. In his previous positions, he worked with creditors, servicers, secondary market participants and technology vendors to provide guidance on compliance with various laws and regulations that affect the industry. At Mortgage Cadence, Mr. Levonick will work closely with clients to identify and manage compliance risk, help interpret compliance requirements, develop risk mitigation strategies and implement the requisite controls in the company's technology platform.
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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.
39m ago -
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.
44m ago -
Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
8h ago -
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.
April 16 -
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.
April 16







