Category Archives: Mortgage & Real Estate

New American Funding brings on the Bergens in Texas, New Mexico expansion

New American Funding has added Eric and Leslie Bergen as area production manager and area sales manager (respectively) as a part of its expansion in the Texas and New Mexico region.

The Bergens are natives to El Paso and the pair most recently worked as a husband-and-wife team at an independent lender.

According to a press release from New American Funding, Eric Bergen will be responsible for the back end of production to ensure that loans are efficiently processed and Leslie Bergen will coach the company’s loan originators. She has previously served as a top-producing vice president, closing more than 400 loans and funding $80 million last year. Together, the couple brings more than 50 years of combined experience to the growing lender.

“We’re thrilled to have this dynamic duo onboard,” said Area Manager Tania Guzman. “Not only do they have a wealth of mortgage expertise and in-market knowledge but they’re skilled in training leaders. We’re very excited about this collaboration and growing to the next level.”

 “Our heart is to help people become homeowners and we’re excited to be a part of a company that shares that vision,” said Leslie Bergen. “We’re committed to building great teams and growing each producer to be the best.”

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Impac hires loanDepot’s former chief administrative officer to lead CashCall Mortgage

CashCall Mortgage has a new leader.

Impac Mortgage, the parent company of CashCall, announced Thursday that it hired Rian Furey to serve as the company’s president of direct lending, which is conducted via CashCall.

As president of direct lending, Furey will oversee CashCall’s operations.

Furey comes in Impac from loanDepot, where he served as chief administrative officer.

Furey previously held executive positions in the direct lending businesses of Nationstar MortgageDiscover Financial Services, and LendingTree.

“Rian’s successful track record across numerous direct lending divisions, made him the ideal candidate to become President of Direct Lending at Impac,” Joseph Tomkinson, chairman and CEO of Impac Mortgage, said.

“We are very fortunate to have identified someone with Rian’s skillset, who will be able to continue to grow our already successful CashCall Mortgage platform,” Tomkinson continued. “It’s my pleasure to welcome Rian to the Impac family.”

Furey said he’s looking forward to the opportunity with Impac.

“I’m excited to get to work with the talented folks that makeup the CashCall Mortgage team,” Furey said. “There are great opportunities for Impac’s growth in consumer direct retail lending and I look forward to delivering that for our shareholders.”

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Wells Fargo lays off 60 staff members from mortgage unit

Wells Fargo recently laid off about 60 of its employees from the bank’s giant mortgage division.

The bank laid off about 40 people from a group that inspects the quality of mortgage and another 20 market lending managers across the U.S., according to an article by Emily Glazer for The Wall Street Journal.

From the article:

The bank also let go roughly 20 market lending managers across the country as part of broader operational changes, these people said. Those moves followed regulatory investigations related to improper customer charges in the mortgage division, the people familiar with the layoffs said.

However, company spokesman Tom Goyda didn’t mention anything about the company’s recent changes, saying simply that the bank, “announced a small number of job reductions within our fulfillment and underwriting teams and always are evaluating our overall staffing levels.”

The layoffs do not appear to be any kind of scale back by Wells Fargo, which is the largest U.S. mortgage lender by volume. The bank announced it is currently working to hire more than 1,500 people for a variety of mortgage-related roles.

The bank faced a number of issues over the last year, including saying back in October that it planned to refund more than 100,000 borrowers who were improperly charged for rate lock extensions from Sept. 16, 2013, through Feb. 28, 2017.

It is unclear if the layoffs are related to these issues.

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