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UpEquity gets warehouse facility from Silicon Valley Bank, Setpoint

Home Equity, HWmember, Investors, Lenders, Mortgage, Warehouse Lending /

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. The funding is expected to support $1 billion in originations over the next two years, helping homebuyers purchase new homes before selling their current […]

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How midsize lenders are surviving the mortgage squeeze

AnnieMac, Earnings, HWmember, Lenders, LendingLife, Mortgage, Origination, Plaza Home Mortgage, Retail Lending, Wholesale Lending /

Mortgage veteran Glenn Stearns is taking a different approach with his latest venture.  Kind Lending, a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019.  “This is not our

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Logan Finance launches new product suite for non-QM borrowers

HWmember, International buyers, Lenders, Mortgage, Non-QM, Origination, Real Estate Investing, Underwriting /

Nonqualified mortgage (non-QM) lender Logan Finance Corp. has launched a new set of loan products designed to serve borrowers who fall outside traditional lending requirements. The “Open Road” product series includes seven mortgage offerings tailored to self-employed individuals, real estate investors and international homebuyers. Logan Finance says the suite is intended to close a growing

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BOK Financial launches mortgage finance line of business

BOK Financial, HWmember, Lenders, LendingLife, Mortgage, MSRs, Origination, Warehouse Lending /

BOK Financial recently announced the launch of its new mortgage finance line of business, a new vertical dedicated to meeting the credit needs of nonbank mortgage originators across the country. As a top 10 dealer of mortgage-backed securities that offers trading liquidity to more than 500 counterparties, BOK Financial has supported its client base for

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Outdated mortgage tech is draining lenders: Here’s how to stop the bleeding

Contributors, HWmember, Lenders, Mortgage, Opinion, Origination /

The lending playbook needs an overhaul  Let’s cut through the noise: The mortgage market isn’t changing; it’s already changed. Volatility is the norm, margins are squeezed within an inch of viability and borrowers expect a frictionless experience every time. If your entire business still revolves around purchase and refinance, you’re not just playing catch-up, you’re

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