Open Mortgage, a multi-channel mortgage lender based in Austin, Texas, has hired Brenda Hedeen, CPA, as its new chief financial officer to spearhead the firm's finance and accounting operations. Anthony Nolte, Open Mortgage's CFO and legal counsel since 2019, has been appointed to the newly created position of chief legal officer.
/PRNewswire/ Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, has selected Brenda Hedeen, CPA, as the new.
Open Mortgage, a multi-channel mortgage lender, has appointed Andrea Easter to the newly created position of chief compliance officer (CCO). As the head of the Compliance Department, she will manage all risk-related functions within the company, including overseeing the development and implementation of policies and procedures regarding state and federal regulations and agency requirements. Easter will report directly to Open Mortgage President Joe Stephenson and will hold a fiduciary duty to the board of directors.
I knew it was going to be a rough morning today when my alarm went off and I found my cat Myrtle staring at the computer screen watching Social D’s “Don’t Drag Me Down.” (Excuse the language.) There was this email: “Rob, I’m thinking about leaving my company because it doesn’t offer 180- or 270-day rate locks. What do you think? We have trouble competing even with shorter term pricing. My current employer is allowing me to lock in a 60-day rate at 1 percent higher than the 10-day lock price, but my competition has stronger pricing than ours, and a few of the banks trounce everyone’s pricing.” 270-day rate locks? The longer the lock, the greater the risk. I am going to simplify this a little, but they’re light a light switch: figure either 0 percent will fund at that price, or 100 percent. Think of the lenders that offered that program at the beginning of 2020: none of those loans closed at those rates. Think of the l