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Mortgage tech firm TRAiNED hires two executives from Sales Boomerang

Housing Wire

TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. It also hired Arend de Jong , co-founder and former chief financial officer of Sales Boomerang, as CFO, the company announced. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc. Mortgage tech firm TRAiNED Inc.

Sales 437
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Layoffs hit Sales Boomerang, Mortgage Coach

Housing Wire

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Sales 426
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Movement taps Brady Yeager for national sales director role

Housing Wire

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. In his role as national sales director at Movement, Yeager will focus on the company’s growing sales team. and is licensed in 50 states.

Sales 332
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Sales of large homes skyrocket as homeowners seek more space

Housing Wire

Homebuyers who are juggling work and school from their home want more space, triggering an increase in the number of sales of large homes. According to Redfin , sales for large homes were up 21.2% The post Sales of large homes skyrocket as homeowners seek more space appeared first on HousingWire. increase for small homes.

Sales 545
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FinCEN expands GTOs of all-cash home sales yet again

Housing Wire

The all-cash purchase threshold will remain $300,000 for all GTOs, with the exception of the city and county of Baltimore, which has a purchase threshold of $50,000. real estate market to launder money. real estate market to launder money. national security and help protect the integrity of the U.S. financial system. financial system.

Sales 406
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NAR magazine devotes space to reverse mortgages and seniors

Housing Wire

Describing reverse mortgages as originating in 1961 before coming to greater prominence through the establishment of the HECM program during the Reagan administration, one of two recent NAR articles dealing with reverse mortgage-related subject matter stated that home sales and purchases are becoming a more common topic within HECM circles.

Mortgages 456
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Mr. Cooper exits reverse servicing space with sale to MAM

Housing Wire

Cooper Group announced on Tuesday the sale of its reverse mortgage servicing portfolio – operating under the Champion Mortgage brand – to Mortgage Assets Management (MAM). The sale of Champion. The development is particularly notable due to the recent activity of MAM in the realm of reverse mortgage servicing.

Sales 414