NetMore, a mortgage banking firm based in Walla Walla, Wash., has hired Comergence Compliance Monitoring as a third-party due diligence provider to keep an eye on its correspondent lenders. CCM will manage all reviews and monitor third-party originators that source loans to the company. CCM is based in Orange, Calif. NetMore, a nonbank, said it is "committed to working with the highest quality mortgage brokers in the industry in a 'friction free' manner."
M&A, complementary to widespread artificial intelligence implementation, is also high on the list of upcoming priorities for new Dark Matter CEO Vikas Rao.
Check out the initial reveal of the 28th edition of National Mortgage News' Top Producer survey, in a year where falling rates helped industry-wide volume.
The NEXA CEO accused his rival of lashing out at his company despite its own alleged wrongdoing in poaching loan officers and diverting loans.
The government guarantor aims to distinguish delinquencies reported as a result of a Federal Housing Administration rule change from broader market trends.
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
Delinquencies also showed signs of overall improvement in March, despite an increase in foreclosure numbers, ICE Mortgage Technology said.
