Valuation Partners, a national appraisal management company, named John Golletti vice president, national account executive, and Dan Kennard vice president, operations. Both Golletti and Kennard join Valuation Partners as veterans of the mortgage industry, with senior management experience from loan origination, processing and operations to appraisal and settlement services product sales among many other responsibilities. Golletti has been hired to broaden the company's sales reach, and will focus his initiatives in the Eastern United States. Kennard has been brought on to utilize his operational expertise to provide better service to the company's customer base.
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SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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The bank's marketing, which hid the nature of its solicitations, led some borrowers to apply for cash-out refis that increased monthly payments, the OCC said.
April 16 -
While last year was the best for origination income since 2022, annual net servicing revenue for mortgage bankers was approximately 70% below 2024's level.
April 16 -
Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, but 55% would prefer to work with a human to secure a mortgage.
April 16 -
Federal Reserve Gov. Stephen Miran Thursday said that the Iran war and tariffs will not have long-term impacts on inflation, but did say he is reconsidering his rate cut outlook for the year.
April 16 -
This week's Freddie Mac mortgage rate survey shows rates at the lowest in four weeks, but homebuyers are giving mixed signals even with improved purchase power.
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