Wholesale lenders

The massive wholesale lender's new website stands opposite rival United Wholesale Mortgage's own originator portal which it launched in 2018.

The massive lender and servicer continues to tout its recapture opportunity, with a quarter of its $700 billion portfolio holding note rates above 6%.

The newest addition to the Panorama group of companies aims at offering opportunities to first-time home buyers through wholesale and correspondent channels.

California-based Dunmor said it is launching a wholesale division, which will be led by a former Newfi executive.

The top five banks had a combined wholesale volume of more than $18 billion at the end of the first quarter.

Mortgage brokers say hurdles more pressing than a high interest rate environment range from nationwide inventory shortages to property tax increases.

Atlantic Trust Mortgage was recently dealt another legal blow after a federal judge in Michigan refused to dismiss UWM's All-In lawsuit against the brokerage.

David Spector, the firm's CEO, touted Pennymac's technology, consistency and support for the broker channel.

Ligation by the Ohio attorney general claims UWM has turned brokers in its network into retail loan officers who solely work for the company.

Executives from three wholesale shops, including PRMG, The Loan Store and Newfi, dissected the regulatory landscape and how some developments might impact the broker channel.

The advocacy executive said there was a lot of misinformation regarding Rocket Pro and that the "rumors versus reality is very different."

Judges ruled that Atlantic Trust and District Lending continuing to send loans to UWM after the controversial amendment equates to accepting the ultimatum.

Kind Lending has big plans to grow its retail channel and is signaling this by putting industry veteran Tammy Richards in charge of the operations.

This is the second suit related to United Wholesale Mortgage's All-In initiative to get recommended for dismissal in a federal court.

The wholesale giant meanwhile is suing four partners for selling loans to Rocket Mortgage and Fairway Independent Mortgage Corp., in violation of its 2021 decree.

The company, and Rocket, had been targets of United Wholesale Mortgage's All-In campaign, which punished independent brokers who did business with the UWM rivals.

Over 70 loans were allegedly sent to competitors by the independent mortgage banker, a suit filed by UWM alleges.

The wholesaler asked the creator of "Rocket Pro TPO vs. UWM" to end all improper use of intellectual property and delete any false and defamatory content.

Relationships with brokers will be terminated on Dec. 6, but company officials stressed there would be no impact to its loan servicing or other mortgage channels.

The company posted net income of under $301 million in the third quarter, including a $93 million positive mortgage servicing mark.