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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. I have really enjoyed getting to know Next Door Lending’s principals, Doug [Liska] and Jonathon, through this process,” Chen said. As part of the deal that closed Oct.

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Supreme Lending to acquire Michigan Mutual: sources

Housing Wire

Dallas-based Supreme Lending has reached a deal to acquire Michigan Mutual , Inc. Founded in 1999, Supreme Lending originated $3.8 Though Pezzani said Supreme is focused on the retail component, they’d potentially “dip their toes” in the wholesale lending waters with the acquisition of MiMutual.

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Jennifer Folk joins Kind Lending as COO

Housing Wire

Kind Lending recently announced the appointment of Jennifer Folk as its chief operating officer. She’s also held a variety of roles from loan officer to COO at places like Minute Mortgage , Sierra Pacific Mortgage Company and Planet Home Lending. Folk also brings a legacy connection to Kind’s roots.

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WaFd Bank exits home mortgage lending, says model is ‘unsustainable’

Housing Wire

Seattle-based WaFd Bank , which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business. It further clarified that it will continue its business lending activities, including commercial mortgages, and will begin offering loans backed by the U.S.

Lending 384
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GVC Mortgage hires Jen Peachman as VP of strategic lending

Housing Wire

GVC Mortgage announced the hiring of Jen Peachman as vice president of strategic lending, a move that Peachman confirmed on LinkedIn. ” With more than 20 years of experience in mortgage and financial services, Peachman formerly served as national director of origination sales for Lenders One Mortgage Cooperative.

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Cornerstone Capital Bank launches community lending division

Housing Wire

Cornerstone Capital Bank , a national mortgage originator and servicer, is launching a community lending division to serve underserved communities, the company announced this week. ” The Community Lending Division will offer mortgage programs and products tailored to benefit underserved borrowers.

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What it’s like connecting reverse mortgage professionals with forward lending partners

Housing Wire

While some forward lending companies have gone out of their way to acquire and incorporate reverse mortgage lending divisions into their ongoing operations, others have bolstered their existing reverse mortgage divisions.

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