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Rick Elmendorf's annual movie night this year featuring the premier of the new Star Wars film for his clients and business associates (along with their families) helps to create new referral relationships for this Washington Metro area loan officer.
June 7
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Arjun Sirrah takes great pride in his company's national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. Now, his Darien Rowayton Bank plans to bring its tech-based approach to the mortgage market.
June 6
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Increased loan production during the spring home buying season has nonbank mortgage lenders stepping up their hiring.
June 3
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Flagstar Bancorp is interested in buying a small-to-midsized independent nonbank mortgage banker as part of a strategy to boost its retail origination volume.
June 2
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Mortgage credit availability tightened for the third consecutive month in May, according to the Mortgage Bankers Association.
June 2 -
Craig Strent of Apex Home Loans saw potential in blending his mortgage banking services with the strategy of financial advising, finding strong partners and a niche in helping clients through one of life's most difficult transitions.
May 31
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Incenter Mortgage Advisors is brokering the sale of a $1.4 billion Fannie Mae and Freddie Mac bulk residential mortgage servicing rights portfolio.
May 27 -
The CFPB alleges that David Eghbali, a loan officer for a Wells Fargo branch in Beverly Hills, Calif., developed a scheme to manipulate escrow fees in order to close more mortgages and boost his bonus. Eghbali says he was forced to sign a settlement because he couldn't afford to fight the CFPB in court.
May 26 -
Detroits renaissance has had spillover effects, including a sharp reduction in the frequency of fraud, misrepresentation and other defects in mortgage applications, First American Financial Corp. said Thursday.
May 26 -
The bank's new low-down-payment mortgage, an alternative to FHA loans, dispenses with the complex qualification requirements that have hampered recent efforts with low down payments by Fannie and Freddie.
May 26
