Top-producing mortgage originator Chris Planto has rejoined Rate as vice president of mortgage lending in the Houston market. Planto returns to Rate from CrossCountry Mortgage, where he most recently served as a senior loan officer. “We are absolutely thrilled to welcome back Chris Planto to our Rate family,” said Todd Heaton, an executive vice president […]
Chris Planto returns to Rate as VP of mortgage lending Read More »
If Compass’s proposed acquisition of Anywhere Real Estate moves forward, the companies will jointly oversee a $9 billion-per-year mortgage operation in partnership with Rate — enough to make them the 26th-largest U.S. originator in the first half of 2025. On Monday, Compass and Anywhere announced a definitive all-stock merger agreement that values Anywhere at $10
Compass-Anywhere deal brings $9B mortgage JVs under one roof Read More »
Mortgage applications decreased by 3.9% for the week ending May 30, according to data from the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 15% during the week marked by the Memorial Day holiday. But economists and loan officers say the year-to-date landscape looks much better. “Mortgage applications decreased over the week,
Mortgage demand dips over holiday but keeps yearly momentum Read More »
Guaranteed Rate Affinity (GRA) announced this week that it has appointed longtime reverse mortgage industry professional Dino Guadagnino to serve as regional vice president of reverse mortgages. His arrival comes as GRA focuses on “strengthening its commitment” to the space and to “the senior borrowers it serves,” the company stated. Guadagnino most recently served as
Reverse mortgage veteran Dino Guadagnino joins Guaranteed Rate Affinity as regional VP Read More »
In November, Chicago-based mortgage lender Rate — formerly known as Guaranteed Rate — announced that it was “revamping” its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division
Rate’s Jesse Allen on the progress of a reverse mortgage revamp Read More »