Loan Think

What We're Hearing

Icon Residential, a nonbank that is still actively funding residential loans using brokers, recently lost two wholesale account executives in the New York/New Jersey area to Chase, the mortgage arm of JPMorgan Chase. We're told these AEs will be working as retail loan officers. Meanwhile, Icon -- which doesn't reveal much about itself on its corporate website -- is looking to hire an internal compliance auditor in Irvine, Calif. And it's also seeking wholesale account executives nationwide. According to the Quarterly Data Report, wholesale lending as a percentage of all loans funded, increased slightly in the fourth quarter from the third but is still bumping along the bottom...

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