NetMore America, Inc., Walla Walla, Wash., a fast growing mortgage banking firm, has named David Shirk chief information/compliance officer. According to the company, Mr. Shirk brings 20 years of experience to the newly created position. For the fiscal year ending Sept. 30, NetMore originated more than $1 billion in new home mortgages - a 300% increase compared to the same period in 2008. For fiscal year 2010, the mortgage banker is projecting loan production of $1.3 billion to $1.5 billion. According to the Quarterly Data Report, NetMore ranks 75th among all home funders.
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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.
September 25 -
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.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









