Lend Smart Mortgage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

American Pacific Mortgage onboards branches from Virginia-based lender

A "large number of originators" from McLean Mortgage have joined the California-based lender.

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The mortgage lenders that are growing as others fold talk strategy

Companies like Guild Mortgage, Union Home Mortgage, American Pacific Mortgage and Go Mortgage have been expanding their footprint during a time of great upheaval.

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American Pacific Mortgage Acquires Lend Smart

American Pacific Mortgage Acquires Lend Smart
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Point of Sale, Appraisal, Outsourcing, Appraisal Products; Mergers and Lender Closures Continue

Every lender or investor with an “a” in their name seems to be subject to rumors and news in recent months. (More on Flagstar and American Pacific below.) Know anyone named “Bernadette”? The name is actually Latin for, “The act of torching a mortgage.” (Yes, it is cutting edge humor like that which brings you back.) Burning liens isn’t a topic, but paying them off early is, and with mortgage rates off of their highs, early pay offs, or EPOs, were a conversation topic at the conference this week. And with it, loan officer compensation follows. Can a lender pay an originator based on pull through? Yes. Can lenders pay different originators under different payment plans, as long as the originator sticks with one plan? Yes. Can a lender, if they comply with state labor law, ask for compensation back after an EPO or EPD? Yes, and it may depend on the contract signed by both parties at the beginning of employment. As always, consult your in-ho

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American Pacific Mortgage eyes further expansion

The California-based lender announced an asset purchase of Lend Smart Mortgage, which has close to 30 branches nationwide.

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