Industry Spotlight

Garnet Capital recently earned the Certified Receivables Vendor (CRV) designation for Broker Services from the Receivables Management Association International (RMAI), adding to its extensive list of existing certifications.  

Wolters Kluwer’s Compliance Solutions recently earned four 2019 Golden Bridge Awards for product solutions designed for its client firms in the financial services industry, the company announced in a press release.

Lender Price, a provider of mortgage loan pricing and origination technology, recently added American Financial Resources Inc. (AFR) loan products to the company’s pricing engine library. AFR is a national residential lender that supports correspondent and brokered relationships, and the partnership with Lender Price expands their ability to engage with mortgage originators, according to a press release making the announcement.

Ellie Mae recently expanded the functionality of its cloud-based platform, created for the mortgage finance industry, with the addition of automation capabilities. The addition is designed to enable the company’s Encompass Digital Lending Platform to be more efficient in home equity line of credit (HELOC) lending, helping lenders acquire HELOC customers and originate and sell HELOCs with higher return on investment in a single platform, according to a press release.

Mortgage Quality Management and Research, LLC (MQMR) recently hired longtime mortgage and real estate professional Stephen Sherman as its chief operating officer, bringing more than 30 years of experience in mortgage servicing, secondary marketing, warehouse lending, commercial real estate sales, corporate consulting and REO management services to the company, according to a press release.

Freedom Mortgage Corp. recently finalized an agreement to acquire J.G. Wentworth Home Lending, LLC, a subsidiary of J.G. Wentworth Company and one of the nation’s largest direct and retail home mortgage lenders, according to a press release. Terms of the deal were not disclosed. Freedom Mortgage is a privately held, full-service mortgage lender licensed in all 50 states.

Making its first expansion into the Ohio market, Bank of America recently opened its first full-service financial center in Cincinnati with plans to open a similar facility in Columbus shortly after. The move brings the company’s retail banking, lending and small business services, plus investing with Merrill, to new and existing clients in the areas, according to a press release.

ReverseVision, which provides technology and training for the Home Equity Conversion Mortgage (HECM) industry, recently appointed Sunny Mahdii as its vice president of operations. Mahdii will work with ReverseVision’s professional services, training, implementation, document management and customer success teams to execute a holistic operations strategy, according to a press release.