Marketing

Jesse Iwuji Motorsports claims Equity Prime Mortgage backed out of a multimillion-dollar commitment after it was hit with a margin call last fall.

Home loan volume is slowing, heightening the need for effective outreach to new leads for lenders. Join industry mortgage marketing leaders for a discussion about best practices in the current landscape.

A federal judge recently gave the go-ahead to the lawsuit from the larger company against its smaller competitor.

Mauro Guzzo, who operates in both the U.S. and Mexico, is looking to build an international financial brand.

But attorneys for the small Chicago-based mortgage company remained defiant and actually welcomed the Bureau's move.

The related rewards are targeted to both new homebuyers and existing mortgage servicing clients.

The Santa Ana, California-based lender created the partnership in a bid to capture more purchase business in the Midwest.

Things turned sour soon after the sides agreed to a two-year, $6 million deal in late 2021, in which the mortgage company's logo would appear on a stock car during eight races, among other perks.

The regulator said it is a violation of anti-kickback rules to present lender results based on their payment to the platform rather than criteria that serves the potential borrower.

This move comes at a time when the largest HECM producer sold its operations to a rival and another filed for bankruptcy.

LOs are building relationships to hesitant consumers by offering seminars and online videos that answer the questions they're afraid to ask.

First tip: Don't rely too heavily on mobile to reach them.

Gen Zers and millennials want to "test drive" potential long-term living arrangements and neighborhoods, Javelin Strategy and Research found in a recent survey.

Some companies are making them available for a broader range of mortgage products, and one also offers a future no-fee refinance option.

While the acquisition of the NBA and WNBA teams fulfills a lifelong dream, the head of the publicly traded wholesale mortgage company plans to remain in the Detroit area after the deal is completed.

The former college basketball player, who owns 94% of the Detroit-area mortgage lender, is said to be paying a record $4 billion for the NBA team.

The mortgage company, despite its nonpayment, still had its logo on a stock car and requested special access for its guests at an October race at Talladega Superspeedway in Alabama, the complaint said.

Rocket Rewards is the latest marketing initiative from the mortgage giant following the introduction of home equity loans and a monthly payment reduction offer earlier this year.

A former director of digital turned enterprise consultant offers a perspective on how things could have gone differently for the lender that recently exited the forward-mortgage business.

The cooperative, which is managed by a subsidiary of Altisource Portfolio Solutions, is adding locations in line with a pilot program established earlier this year.