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LoanPASS CRO on the cultivation of a reverse mortgage lender partnership

Housing Wire

At the beginning of 2024, mortgage technology company LoanPASS was announced as a technology partner for reverse mortgage lender Smartfi Home Loans. The lender chose LoanPASS to provide its software-as-a-service (SaaS) product and pricing engine in its reverse lending operations. What does the future hold?

Mortgages 384
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Legacy Group Capital secures $180M from LibreMax Capital

Housing Wire

The deal involves an 18-month revolving period during which principal payoffs can be reinvested to originate new loans, creating a projected $400 million in additional funding capacity. Legacy Group Capital on Thursday announced its first institutional capital partnership with LibreMax Capital LLC , an $11.8

Principal 293
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Announcing the 2025 Finance Leaders

Housing Wire

Name Job Title Company Name Alejandro Franco Vice President of Finance and Controller Cairn Real Estate Holdings Allyson Jackson Executive Vice President Finance and Treasury Planet Home Lending Amit Arora Chief Investment Officer Opendoor Andrey Gunin Chief Financial Officer A&D Mortgage Bill Warden Chief Financial Officer Dark Matter Brandon (..)

Finance 344
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Mutual of Omaha’s reverse division launches broker protection program

Housing Wire

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” We see this program as a way to show our broker and principal agent partners that we are aligned with their success.”

Principal 421
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Longbridge goes beyond reverse with Figure partnership, new ‘HELOC for Seniors’

Housing Wire

The company’s new “HELOC For Seniors” touts “fast approval and funding in as little as five business days, providing a streamlined path to access home equity powered by innovative technology” through a partnership with Figure. The product does not include a preset maturity date.

Equity 358
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PennyMac’s 2024 performance driven by strong servicing portfolio

Housing Wire

And the company’s servicing portfolio, measured by unpaid principal balance (UPB), rose 10% during the year to $665.8 “PennyMac maintained its dominant position in correspondent lending in the fourth quarter, with total acquisitions of $28 billion, up from $26 billion in the prior quarter, he said. million, up from $144.7

Principal 348
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People movers: Notarize, RE/MAX and Planet Home Lending

Housing Wire

A former Quicken Loans executive, Booth has over 15 years of experience working in state and federal government bodies, focusing on transforming the mortgage industry through technology. Lessinger is a founding principal and broker/owner of RE/MAX Realty in Nevada, having built a team of 130 agents in three offices over the span of 22 years.

Lending 332