NewDay USA Projected to More than Double Revenue in 2020 to Over $300 Million, Serving More than 20,000 Veteran Families

NewDay USA Projected to More than Double Revenue in 2020 to Over $300 Million, Serving More than 20,000 Veteran Families

October 20, 2020 - Company estimated to earn over $500M in revenue in 2021 Oct. 20, 2020 – WASHINGTON – NewDay USA, one of the nation’s leading veteran mortgage lenders, today announced that it will surpass its 2020 estimates more than doubling its revenue to over $300 million this year, up from $152 million in 2019. It is on…

CONTINUE READING >

Altisource Emails Directors of Front Yard Residential Supporting William Erbey’s Call to Return Capital to Stockholders via an Orderly Liquidation

October 13, 2020 - Email supports a recent letter issued by Altisource William C. Erbey to Front Yard’s Chair calling for the orderly liquidation of the Front Yard LUXEMBOURG, October 13, 2020 – Altisource Portfolio Solutions S.A. (NASDAQ: ASPS), an integrated service provider and marketplace for the real estate and mortgage industries, today emailed the open letter below to…

CONTINUE READING >

Bill Erbey Calls on Front Yard Residential to Return Capital to Stockholders via an Orderly Liquidation

October 7, 2020 - Letter Issued by William C. Erbey to Front Yard’s Chair Makes Clear that Front Yard’s best option to create shareholder value is the orderly liquidation of the Company. Oct. 7, 2020 – US VIRGIN ISLANDS – William C. Erbey recently issued the below open letter to the Chair of the Board of Directors of Front…

CONTINUE READING >

CBC Mortgage Agency’s CRA Note Exchange Funds $14 million in Affordable Home Loans

October 5, 2020 - Unique program enables banks to gain Community Reinvestment Act credits while funding down payment assistance and affordable lending programs for first-time homebuyers Oct. 5, 2020 – CEDAR CITY, Utah – CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, announced that, so far…

CONTINUE READING >

LoanLogics CEO Bill Neville Wins 2020 HW Vanguard Award

October 1, 2020 - HousingWire magazine recognizes 25-year technology veteran for outstanding leadership October 1, 2020 — Trevose, PA — LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, announced CEO Bill Neville has been named a 2020 HW Vanguard Award winner by HousingWire magazine for outstanding leadership in the housing finance industry. Since…

CONTINUE READING >

Civic Financial Services Surpasses $4 Billion in Loan Originations

September 30, 2020 - Private money lender reaches third major milestone in as many years September 30, 2020 –REDONDO BEACH, Calif. –  Civic Financial Services, a leading institutional private money lender, announced it has surpassed $4 billion in loan originations since the company was founded six years ago. “We’re thrilled to reach this important milestone, especially today, as we…

CONTINUE READING >

STRATMOR: Lenders’ Pain Points Shift Dramatically During Pandemic

September 29, 2020 - Findings from Lender Operations Workshops show that capacity management and recruiting are taking center stage September 29, 2020 – GREENWOOD VILLAGE, CO – COVID-19 has created problems for mortgage lenders, and their most daunting challenges have evolved considerably since early in the pandemic, according to the STRATMOR Group. In his article “How Will History View…

CONTINUE READING >

Jennifer Reyes Joins Mortgage Network’s Danvers, Massachusetts Office

September 22, 2020 - Reyes advises area buyers to get prequalified now in this fast-paced market September 22, 2020 ─ DANVERS, MA – Mortgage Network, Inc., one of the largest independent mortgage lenders in the eastern U.S., announced that Jennifer Reyes has joined the company’s Danvers, Massachusetts branch as a mortgage loan officer, where she will be responsible for…

CONTINUE READING >

Evolve Mortgage Services to Hire Hundreds of Underwriters by End of Year

September 21, 2020 - Remote agency, non-QM underwriter positions will continue beyond current refinance cycle Sept. 21, 2020 – FRISCO, Texas – Evolve Mortgage Services, a top provider of outsourced mortgage solutions, projects that it will have hired hundreds of full-time underwriters during 2020. The robust growth reflects the company’s efforts to help mortgage origination firms scale their businesses…

CONTINUE READING >

SitusAMC Closes the Acquisition of Cohen Financials’ Servicing & Asset Management Platform from Truist

September 18, 2020 - Commercial real estate servicing and asset management leader, SitusAMC, increases U.S. portfolio to include approximately 10,000 loans representing over $130 billion in aggregate unpaid principal balances. September 18, 2020 – New York, NY — SitusAMC Holdings Corp. (“SitusAMC”), the leading provider of services and technologies to the real estate finance industry, has acquired the third-party…

CONTINUE READING >