Home Loan Wholesale

Directory Listings of Top Lenders & Loan Brokers Online

August 17, 2009

Encompass Increases Marketshare with Home Loan Companies

Category: Home Loan News,Mortgage Brokers,Mortgage Lenders,Mortgage Technology,Published Articles – admin – 9:18 am

Steve Park of Mortgage Brokers Network was asked about Encompass and this is what he had to say. “Encompass certainly has made a dent in the loan origination software market that Calyx’s Point has dominated for so long.”  Lead Planet, a mortgage lead generation company have confirmed a surge in Encompass users with their lead buying clients.  “We’ve been using Encompass very successfully for quite some time, and this integration has made it exponentially easier for us to access what we feel is the most accurate product and pricing information available on the market,” says Craig Willis, chief technology officer for Amerifirst Financial, an Encompass and Mortgage Pricing Systems user. Read the complete article > Mortgage Lead Companies See Rise Encompass Use for Mortgage Management Solutions

August 10, 2009

Mortgage Hirings Rise

Category: Home Loan News,Mortgage Lenders – admin – 8:42 am

New hirings at mortgage companies in the United States outpaced layoffs by more than 8,000 in 2nd Quarter according to a recent report outlining employment analysis. One mortgage company had more impact on mortgage employment than any other.

Mortgage lenders laid off 3,229 employees between April 1 and June 30, according to the analysis. Layoffs were about 71 percent fewer than in the first quarter and 31 below the same period last year. “The latest period reflected consolidation as a result of several high-profile mergers during the past year,” MortgageDaily.com Founder and Publisher Sam Garcia explained. “Much of the layoff activity was concentrated at financial institutions.”

Taylor Bean Freezes Wholesale Home Loan Division

Category: Broker Tips,Home Loan News,Mortgage Brokers – admin – 8:38 am

Taylor, Bean & Whitaker Mortgage Corp. lost its Freddie Mac approval and immediately halted their wholesale home loans operations. The company hopes a business restructuring will remedy its situation. The loss of Taylor, Bean and Whitaker as a wholesale lender is a major blow to U.S. mortgage brokers who say it means home loan applicants who were in process at the wholesaler will need to purchase new appraisals and potentially sit through new waiting periods. The action follows Taylor Bean’s suspension yesterday by the Federal Housing Administration and the Government National Mortgage Association or Ginnie Mae.