Michael Detwiler has been named chief executive officer of Mortgage Cadence, a Denver-based mortgage lending platform provider.Mr. Detwiler has been president of the company since 1999. "By focusing Mortgage Cadence on its position as a pure lending product company, we can maintain our leadership position as the only true services-oriented, end-to-end lending platform," he said. Mortgage Cadence offers technology such as proprietary workflow and rules automation for the back office as well as a Web-based loan origination system, the company said.
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The lender reported $33.3 million in net income in the third quarter this year, up from the second quarter and same period a year earlier.
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Previously, Kim was a managing director in J.P. Morgan Chase & Co.'s strategic investments group, where she managed a diverse portfolio of fintech investments.
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At its first investor day in a decade and a half, the nation's second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed.
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The latest sale consists of close to 1,200 HECMs secured by vacant residential units found in 46 states, according to data provided by the government agency.
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What makes the situation alarming is the government attack on the fair lending enforcement infrastructure, said Lisa Rice of the National Fair Housing Alliance.
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Built launched Draw Agent Tuesday, which can process thousands of construction loan draws monthly.
November 5





