Mortgage brokers

The increases set to go into effect in February help some offset breaks for first-time buyers but also limit options for existing borrowers.

The wholesale channel tool will speed up mortgage processing time by as much as 40%, the lender claims.

The San Francisco-based company recently raised $14 million in Series A funding and closed more than $400 million in sales in the first quarter.

The change reflects a growing focus on an emerging banker segment that sells loans to the company on a non-delegated basis and includes a greater focus on servicing retention.

The changes include a relationship tracking engine that details interactions between real estate agents and mortgage brokers.

The system is being rolled out to Motto Mortgage franchisees first and then to the broader mortgage broker market in January.

The gain reinforces other estimates that suggest more work-intensive purchase originations have spurred companies to increase staffing. Hiring addressing changing needs in servicing may come next.

The company, OriginPoint, brings together two enterprises active in the jumbo-homes space.

The New York-based lender projects it has a $3.6 trillion market opportunity outside of the U.S.

The plateau in non-depository estimates for new jobs in the field reported Friday follows anecdotal accounts of reorganization by banks and nonbanks in the past week.