Industry Spotlight

Advisors from STRATMOR Group recently reflected on what they identified to be the most important lessons learned during the past year, with their insights published in the November InFocus article titled “Lessons Learned in a Down Mortgage Market” in its November Insights Report.

CMG Financial recently announced the addition of Shamrock Home Loans, expanding its presence across the Northeast. The well-capitalized and privately held mortgage banking firm, based in San Ramon, Calif., revealed the integration of Shamrock Home Loans’ origination team, according to a company press release. The sales and support professionals will be branded as Shamrock, Powered by CMG Home Loans.

Private money lender CV3 Financial Services, LLC, recently appointed two new executives to key positions on the company’s team – Robert Callaway as chief financial officer and Ken Jacobson as Senior Vice President, Capital Markets. On the heels of the company’s recent launch, the company explained the move as a strategic one intended to reflect its commitment to bolstering its financial leadership in the industry and drive sustainable growth, according to a press release.

ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America (ICBA), recently announced its decision to rebrand as ICBA Payments. The name change is intended to reflect its expanded offerings beyond card services and a broader focus on the larger payments ecosystem, according to an ICBA press release.

CondoTek and Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, recently announced the launch of a new all-in-one Condominium Compliance solution available through CondoTek in a company press release.

Solve Mortgage, a Non-QM wholesale lender based in Calabasas, Calif., is optimistic about mortgage lending, following a solid first half of 2023. Solve Mortgage President Blake Scheifele said he believes that market conditions are now robust, which will offer his business an opportunity to grow, according to a company press release.

The Mortgage Bankers Association (MBA) announced at its 2023 Annual Convention & Expo that five companies have been recognized as 2023 Diversity, Equity, and Inclusion (DEI) Residential Leadership Award recipients. The annual awards recognize MBA members for their leadership efforts in DEI in three award categories: organizational DEI, market outreach strategies, and non-lender.

The Consumer Bankers Association (CBA) recently appointed Kelvin Chen as senior executive vice president, head of policy, according to a press release by the trade organization representing some of the nation’s largest banks. This newly established position is intended to bolster CBA’s policy objectives on behalf of its members.

LoanPASS recently announced its preferred partnership with The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry, according to a company press release. TMC stated in the release that it is dedicated providing its members with market-leading technology and expert resources to better manage the rapidly evolving customer demands and pace of technology innovation in today’s mortgage banking market.