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GO Mortgage expands by launching TPO channel

GO Mortgage has launched a third-party origination (TPO) channel built on a new wholesale platform, the company announced Tuesday. Leading the effort is Rob Saunders, who was named executive vice president of TPO production. “We didn’t build this to compete with what’s out there,” GO Mortgage CEO Jay Promisco said in a statement. “We built…

Why mortgage purchase apps are holding up even with rising rates

Today, the MBA’s purchase application data showed 4% week-to-week growth and 7% year-over-year growth, even though mortgage rates are near yearly highs and inflation data has recently been rising. Over the past few years, mortgage rates would already have been over 7% with the 10-year yield at its current level because mortgage spreads were worse…

Movement’s reverse mortgage leaders on forming better sales strategies

At a time when some reverse mortgage lenders are struggling to bring new business through the door, Movement Mortgage is an example of a company that’s posting modest growth through organic lead generation and purpose-driven leadership. Sales leaders from South Carolina-based Movement took the stage at last week’s Reverse Mastermind Summit in Tennessee to offer…