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 massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
54m ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
7h ago -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
9h ago -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24