Matt Vernon, Bank of America's top consumer sales executive in charge of retail mortgages, is taking his show on the road. According to one intra-company email provided to National Mortgage News, Vernon will be meeting with LOs who work in the Washington metropolitan area this Wednesday at the Sheraton Columbia Town Center. The invite is addressed to: “SMs, MLOs, and MLSs.” The Sheraton is located in Columbia, Md., about 20 miles north of Washington, D.C.
The competitive and controversial leader, who will stay on the board, oversaw rapid growth but also a massive downsizing, and a notorious mass firing over Zoom.
The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
The move builds on MeridianLink's lending lifecycle strategy, enabling institutions to engage with borrowers before, during and after the lending decision.
The market is bifurcated into those looking for affordable housing outside of metropolitan cores and high-end buyers prioritizing lifestyle. Still, both groups are looking south.
The agency delayed an offering of occupied units until September to ensure compliance with President Trump's executive order made earlier this year.
