The parent company of Newrez saw mortgage segment profits of over $200 million and the successful close of its merger with Specialized Loan Servicing in the second quarter.

A fintech leader says his blockchain tech could help stakeholders buying and selling loans gain trust in one another.

Michigan-based University Bancorp is paying $30 million for a 50.5% stake in a business Voxtur acquired for $101 million in 2022.

The buyer said the all-stock deal to buy The First Bancshares would create a combined bank with $25 billion of assets.

Increasing immediate volume and preparing for future volume are drivers for a ramp up in LO hiring, mortgage lenders say. Recruiters warn, however, that operations professionals should also be hired to avoid bottlenecks in production.

Third-party origination operations are also going to Mr. Cooper in the $1.4 billion deal, in which the seller cited interest in improving its capital position.

Government data reports from June, though, point to an inauspicious start for new construction in the current quarter.

ACNB is acquiring Traditions Bancorp in an in-market deal where the latter's mortgage ops will add to its insurance and wealth management units.

The tool will streamline the LOs search for company mortgage offerings, guidelines and product-related questions, Guild said.

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