Posts Tagged ‘Wholesale’

Flagstar Bancorp Inc., the holding company of Flagstar Bank, has announced that the company has raised $300 million of capital  through a previously announced rights offering, which closes on Feb. 8, 2010. In addition, Flagstar has announced that Todd McGowan has joined as chief risk officer and that James A. Ovenden has been elected to the board of directors and appointed to its audit committee. The company also announced that it has entered into agreements with the Office of Thrift Supervision (OTS) to address certain banking issues identified by the OTS.Read more

Total Mortgage Services LLC announced that it has received approval from the U.S Department of Housing & Urban Development (HUD) to convert to a Full-Eagle, or non-supervised lender. The company may now originate, fund, hold, purchase and sell Federal Housing Administration (FHA) backed mortgage loans.Read more

John Walsh is the president of Total Mortgage Services LLC, an expanding mortgage banker based in Milford, Conn. Through its centralized business model, Total Mortgage Services is able to create significant efficiencies to both its origination and operational infrastructure, and pass the cost and time savings on to borrowers in the form of lower rates and better service. The company recently announced that it is entering the wholesale residential mortgage lending business.Read more

While I am a mortgage banker and have been on both sides of the fence the past 29-plus years, it pains me to think what may happen if mortgage brokers are shut out of the lending business.Read more

Each month, National Mortgage Professional Magazine will focus on one of the industry’s top players in our “Mortgage Professional of the Month” feature. This month, we had a chance to chat with Mat Ishbia, national sales manager for United Wholesale Mortgage. In his role as national sales manager, Mat oversees sales staff, customer acquisition and retention, and all company expansion efforts. His efforts have made United Wholesale Mortgage (UWM) one of the top 10 wholesale lenders in the industry.Read more

David Lykken spends more time with mortgage industry CEOs, CFOs, CIO… This series is an inside look into what he is seeing.

A view from the “C” Suite: Survivor | NationalMortgageProfessional.com.