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Compass and Guaranteed Rate Form New Mortgage Origination Company, OriginPoint

Compass and Guaranteed Rate Form New Mortgage Origination Company, OriginPoint
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Ocwen Doubling Down On PHH Mortgage s Loan Originations

Inman Connect Nonbank mortgage lender and servicer Ocwen Financial Corp. continues to pursue a strategy of building its loan servicing portfolio by growing the loan origination business of its subsidiary, PHH Mortgage. Ocwen last week announced that it’s acquired the correspondent lending business of Texas Capital Bank, a move that’s expected to roughly double PHH Mortgage’s correspondent lending business. The deal with Texas Capital Bank comes on the heels of a $498 million debt restructuring, and PHH Mortage’s recruitment of a new head of correspondent lending, Andy Peach, from rival Mr. Cooper. Ocwen CEO Glen Messina said in a statement that the moves “are major steps toward achieving our goal of adding at least $100 billion in new servicing in 2021.”

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Guaranteed Rate Renews Partnership with Roush Fenway, Ryan Newman

Guaranteed Rate Renews Partnership with Roush Fenway, Ryan Newman Premier retail mortgage lender to continue serving as primary partner in 2021 News provided by Share this article Share this article CONCORD, N.C., Dec. 17, 2020 /PRNewswire/ Guaranteed Rate, which joined Roush Fenway as a primary partner on Ryan Newman s No. 6 Ford Mustang entry in the NASCAR Cup Series in 2020, has extended its partnership and will continue as a primary in multiple races in 2021. We are excited to have Guaranteed Rate back on our Ford this season, said Newman, who boasts 18 wins in the NASCAR Cup Series. They came on board last year and were really a strong presence for our team down the stretch. They are a great group to work with and I look forward to building on the program in 2021.

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