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Santander Bank exiting third-party mortgage origination business | 2019-08-22

Santander Bank exiting third-party mortgage origination business | 2019-08-22

Santander Bank, the U.S. banking arm of Spain’s Banco Santander, is exiting its third-party mortgage origination business as the lender shifts its focus...
Santander

Santander to cut 80 U.S. mortgage jobs as it exits TPO loan channel

Santander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing...
How former Live Well employees will help Open Mortgage grow

How former Live Well employees will help Open Mortgage grow

Open Mortgage CEO Scott Gordon has a software and engineering background that may serve his company well given the task that lies ahead...
HECM share

Mortgage lender Live Well Financial opposes creditors’ motion

Live Well Financial's creditors are seeking a court-supervised bankruptcy, but the mortgage lender is opposing the move, saying it can get more for...
HECM originators

Open Mortgage hires half of Live Well Financial’s laid-off staff

Roughly 50 of the more than 100 staff members Live Well Financial let go after it stopped funding loans will join Open Mortgage,...
Ellie Mae announces layoffs of 10% of its staff | 2019-05-20

Ellie Mae announces layoffs of 10% of its staff | 2019-05-20

Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo, a restructuring that includes the layoff of about 10% of...
Ellie headcount

Ellie Mae lays off 10% of its staff after recent acquisition

Mortgage technology company Ellie Mae, which was recently bought by private equity investor Thoma Bravo, underwent restructuring and reduced its staff by 10%.Based...
HMBS

Reverse mortgage lender Live Well Financial laying off 103 in closure

Live Well Financial, a reverse and traditional mortgage lender that abruptly stopped originating on May 3, will lay off 103 employees, according to...
In strategic shift, TIAA to close dozens of mortgage offices

In strategic shift, TIAA to close dozens of mortgage offices

TIAA Bank plans to close roughly 65 mortgage origination offices across the country — a move that should reduce costs as the company...

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Speeding Up the Verification Process

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Salt Lake City-headquartered fintech firm, Finicity, has announced the release of a new verification of income and employment (VOIE) solution for lenders. The...

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