With 17 years of mortgage technology experience to his credit, Jordan Brown has formed MarketWise Advisors, a consulting firm based in Ponte Vedra Beach, Fla.The new company was launched at the Mortgage Bankers Association's National Secondary Market Conference and Expo in Chicago. The practice will focus on technology selection and implementation for the mortgage space, broker-to-banker conversions, and prepayment scoring and reporting, and will have a special division for technology mergers and acquisitions. "[T]here is a need in the marketplace for key secondary talent to streamline operational processes, benchmark performance, and create the process necessary to sustain a competitive edge," Mr. Brown said. The company can be found on the Web at http://www.marketwiseadvisors.com.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
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Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
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