Loandepot has rehired two mortgage professionals who were previously involved in the development of its mello platform, signaling the Irvine, California-based company’s intent to bolster its technology offerings. The public company has named industry veterans Dominick Marchetti as chief digital officer and Sean Dejulia as chief innovation officer. Marchetti, who worked at the lender from […]
Loandepot brings back mello tech leaders Read More »
Mortgage applications don’t always fail with a formal rejection — many simply stall. A report released last month by Cotality found that homebuyer hesitation often predicts loan fallout, even without an official withdrawal. As a result, the property analytics firm found that 16% of buyers “ghosted” their mortgage applications last year — a trend attributed
Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit Read More »
Hundreds of affordable housing programs across California may be in legal jeopardy after a new federal lawsuit challenged the constitutionality of one of the state’s most widely used housing tools. The suit — filed Thursday in federal court in San Francisco and first reported by CalMatters — targets East Palo Alto, California’s “inclusionary zoning” ordinance.
California affordable housing programs face new legal challenge Read More »