Author name: Ricky Vasquez

California-based LenderMac to acquire Direct Mortgage

Cypress, California-based LenderMac Holdco LLC has agreed to acquire Direct Mortgage Corp. in a move aimed at expanding its geographic footprint and building a multichannel mortgage platform, the companies announced Tuesday. Financial terms of the deal were not disclosed. “This acquisition represents an important step in our long-term growth strategy,” Kenneth Jo, CEO of LenderMAC, […]

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Realtor.com CEO Damian Eales on portal strategy and MLS ties

The real estate listing portal space has generated its fair share of headlines over the last several months. While Zillow, Homes.com and Redfin have been stealing most of the spotlight, Realtor.com has also issued some announcements of its own. HousingWire recently caught up with Realtor.com CEO Damian Eales to chat about the portal space and

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Friday Harbor adds income and asset scenario testing for LOs

AI-powered mortgage underwriting platform Friday Harbor announced Tuesday the launch of a new set of tools called Income and Asset Sandbox, which are designed to help loan officers structure income and asset decisions earlier in the origination process. The tools allow lending teams to test how different income streams, assets and supporting documents affect a

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