Gabe Minton, the former Mortgage Bankers Association vice president of industry technology and most recently chief operating officer at LOS vendor Mortgage Cadence, has joined Motivity Solutions Inc., a provider of optimization and risk mitigation software for the mortgage industry, as its chief strategy officer. In his new position, Mr. Minton is responsible for the overall strategic sales marketing and licensing of Motivity's products, third party alliances and strategic initiatives. Together with the engineering team, he will assist in further strengthening and expanding the foundation of their products and services. Also, in working closely with Motivity chief executive Tyler Sherman, Mr. Minton will create the architecture for smart imaging, e-mortgages, increased data integrity, and security to strengthen the positioning of Motivity's technology.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
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As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
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A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
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New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
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Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
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The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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