Greg Frost, one of the nation's top-producing mortgage brokers, has joined LoanToolbox, Westlake Village, Calif., as vice president for new product development.Tim Braheem, chief executive of LoanToolbox, said he and Mr. Frost are "much alike in that we're 'ham-and-egg' loan officers. We focus on things that are easy to implement -- that is, the basic building blocks of what it takes to be a great loan officer." Beginning in March, LoanToolbox members will have free access to five of Mr. Frost's trademarked marketing systems. He also plans to host live conference-call interviews, provide voice broadcast tips on time-sensitive issues, and continue to develop new products based on the changing needs of industry professionals. Members will also have the ability to call in twice a month for personal coaching and to discuss their immediate challenges. In 2002, Mr. Frost was ranked the nation's 19th-largest individual producer of mortgages, with volume of $143.80 million, according to Broker magazine, a MortgageWire affiliate.
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Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
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In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
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A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
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Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
April 7 -
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
April 7 -
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
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