The Community Home Lenders of America (CHLA) on Thursday released its 2025 report on independent mortgage banks (IMBs), highlighting these companies as the “dominant” force in mortgage lending as they originated 84.1% of all U.S. single-family mortgages last year. CHLA cited data from the Urban Institute, the Federal Housing Administration (FHA) and Ginnie Mae in…
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Atlantic Bay Mortgage Group on Thursday announced the appointment of Robyn Zacharias as chief marketing officer. Zacharias, who brings 30-plus years of marketing and advertising leadership to the company, will oversee the company’s marketing, brand and communications strategy. “Robyn is a proven leader who will elevate Atlantic Bay Mortgage Group’s marketing efforts and strengthen our…
Paul Fiore enjoys taking on new challenges, something he’s done before during a lengthy stint at American Advisors Group (AAG) and pit stops at Finance of America and Smartfi Home Loans. Fiore’s reverse mortgage industry journey took another turn recently after he joined California-headquartered HighTechLending (HTL) as its vice president of sales and branch production….
Propy — a tech company using artificial intelligence (AI) and blockchain to automate real estate closings — announced it has secured a $100 million credit facility from Metropolitan Partners Group. Financing will be used to consolidate title and escrow companies into an AI-powered, end-to-end closing platform. According to Propy, transaction costs can approach 10% of…