Mortgage Coach and ReverseVision introduced an online program that allows loan originators to give consumers a comparison of how reverse mortgages perform against traditional mortgages over the lifetime of the loan.
SRE Mortgage Alliance Inc., a technology-focused wholesale lender based in El Segundo, Calif., that specialized in residential home loans, closed and laid off its staff in the fourth quarter of 2021. The company had said last October that it was undergoing a "restructuring and reorganization" that would determine its future and include some layoffs. At the time, a company executive who requested anonymity said SRE owner Takeshi Sekiguchi was at SRE’s office in El Segundo to meet with company officials.
Dearest Broker: Be My Valentine?
Mortgage lenders across the country are getting into wholesale. Step one: Woo the people actually making the loans.
Keith Griffin
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When the Super Bowl was played this year, millions of viewers more attuned to the ads than the passes were treated to an exhortation from Rocket Mortgage, nee Quicken Loans: Why don’t you use a mortgage broker?
It was the latest in a series of efforts by the largest mortgage lender in the country to strengthen its wholesale channel. To beef up its Rocket Pro TPO Services, the company knew it had to show brokers it’s on their side, pushing business their way.