MortgageTree Lending, Modesto, Calif., has introduced a program designed to give independent mortgage brokerage companies greater control of the loan process.Under the Premier Broker program, brokers can underwrite loans, draw documents, sign off on loan stipulations, and offer MortgageTree's loan products from one central location, the company said. "Now, in addition to our successful net branching strategy, we're offering the Premier Broker option for highly motivated mortgage professionals who want to continue as independent brokers, yet who want greater control over the lending process as well as the growth and success of their businesses," said Diana Grossmann, executive vice president of MortgageTree. The company can be found online at http://www.mortgagetreelending.com.
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Industry professionals shared stories of homeowners looking to get out and investors pausing deals, while others cautioned a wait-and-see approach.
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The Consumer Financial Protection Bureau is considering a proposal to reduce its oversight of auto finance lenders, saying the benefits of supervision may not justify the "increased compliance burdens."
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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.
November 5 -
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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