Lenders One Mortgage, the St. Louis-based cooperative, has selected Clayton Staffing Solutions, Shelton, Conn., to provide contract Federal Housing Administration and conforming mortgage underwriters to its members who need them to deal with temporary or full-time capacity issues. Clayton could also provide personnel for closing, processing, quality control, default management and servicing functions. Lender One members have the option of having the staffers work out of their locations or at Clayton's National Operations Center in Tampa, Fla. Luke Pille, Lenders One director of National Programs, said the arrangement helps members to capitalize on current market opportunities and to have the option of taking fixed labor costs and converting them to variable costs. Clayton's database of potential staffers includes over 10,000 underwriters and processors nationwide.
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Panorama Mortgage Group's channels each had a different name, and SimplyPMG reflects a new emphasis on straightforwardness, said Hector Amendola, president.
May 29 -
The new unit, renamed XedaLink, will serve some of Xactus' direct competitors in the consumer reporting agencies space through a different platform.
May 29 -
The FHA published a request for information in the Federal Register Friday, looking for stakeholder comment on how to improve and modernize property standards.
May 29 -
Some international investors, who represent roughly 20% of Ginnie's market, are gravitating to real estate mortgage investment conduit securities.
May 29 -
The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
May 29 -
The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
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