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Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo, announced Thursday that it promoted Ari Kavour and Mike Llodra to co-heads of the mortgage finance group. Wells Fargo Securities’ mortgage finance group provides warehouse and term financing to companies and investors that own, originate or invest in residential real estate mortgages or securities.
Posted: March 22, 2018, 4:49 pm
Your borrower finally found the perfect house! They send you a copy of the executed sales contract and everything is great…until you notice that the window treatments are listed as personal property to be included in the sale. Suddenly, you’re having flashbacks of your underwriter losing their $^!# because the last sales contract you sent included a lengthy list of personal items from the seller’s “Custom Man Cave” to be included in the deal. These are just window treatments though… no big deal… or is it?! Keep reading to find out!
Posted: March 22, 2018, 2:17 pm
Investing in a social media strategy is an all or nothing play if you are in real estate or lending. It is especially important if you are in this business for legacy because brand building takes time. Either you are going to take the time to brand yourself correctly, or you are just wasting your time and, by extension, money.
Posted: March 22, 2018, 2:00 pm
Roostify, which powers the digital mortgage process for lenders like Guild Mortgage and will soon serve as the backbone of JPMorgan Chase’s digital mortgage process, announced Wednesday that it hired Mark McLaughlin to serve as the company’s senior vice president of business development.
Posted: March 21, 2018, 10:27 pm
Joseph Tomkinson, the CEO and chairman, of Impac Mortgage Holdings, is stepping down later this year, the company announced recently. Tomkinson has led the company since it went public in 1995. Impac said that it expects to elevate George Mangiaracina, who it recently named president, to CEO when Tomkinson steps down.
Posted: March 20, 2018, 10:28 pm
Mortgage servicer LoanCare, a ServiceLink company, announced Tuesday that Rodney Moss will succeed Gene Ross in as the company’s executive vice president of strategy and business development. The move comes after Ross’ retirement this month after almost three decades at the company.
Posted: March 20, 2018, 10:20 pm
Renters Warehouse, a property management company that specializes in managing rental houses, announced recently that it hired Nolan Jacobson to serve as the company’s executive vice president of finance. Prior to joining Renters Warehouse, Jacobson worked as the treasurer of Silver Bay Realty Trust, a real estate investment trust that owned and operated single-family rental homes.
Posted: March 20, 2018, 6:37 pm