Author name: Ricky Vasquez

Ex-Ellie Mae CEO joins MeridianLink board after privatization

Jonathan Corr, who once headed up the nation’s largest origination system provider, Ellie Mae, has joined the board of directors of recently privatized competitor MeridianLink. Processing Content He is one of six new board members at MeridianLink, which was acquired by Centerbridge Partners and Silversmith Capital Partners in a deal which closed in October for […]

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Newrez projects 15% cost cut via AI investments

Recent technology investments have Newrez expecting significant expense reductions beginning this year, while prospects of mergers or a mortgage spinoff from parent Rithm Capital wane, according to company executives. Processing Content In their first-quarter earnings call, leaders at Newrez said savings benefits on the originations side should appear in the second half of 2026 after

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Inflation outpaces home-price growth for 9th straight month

Although mortgage rates dipped below 6% in February for the first time since 2022, home-price growth continued to slow, two new industry reports found. Processing Content More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, while prices rose 0.7% nationally, according to the S&P Cotality Case-Shiller

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