Wholesale lenders

Rocket Pro launches broker search platform

Rocket Pro has rolled out a broker portal for borrowers to find local originators. The Detroit-based mortgage giant’s brokernearme.com allows consumers to search for brokers near their address and access profiles which include social media accounts. The site today includes thousands of broker profiles, and they aren’t “ranked” on the site, Rocket Cos. CEO Varun […]

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Pennymac profit jumps 79% despite hedge losses

Pennymac enjoyed a more productive second quarter, although it suffered a financial hit from hedging results over early spring rate volatility.  The Southern California-based mortgage giant reported $136.5 million in net income for the second quarter, missing a Standard & Poor’s Capital IQ consensus estimate of $152 million. The net income figure however was up

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New Panorama TPO targets first-time buyer lending

Panorama Mortgage Group, parent company of several lenders focused on affordable homeownership, announced the launch of a new mission-driven wholesale and corresponding lender aimed at making funding available to first-time buyers.    The Las Vegas-based company unveiled Travisa Financial, which it created in response to what it saw as a demand for partnerships among many third-party

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Bridge lender launches TPO division

A small lender specializing in investment property loans announced an expansion into wholesale lending. California-based Dunmor announced Monday the unveiling of a wholesale broker division, which will be led by Zeenat Zonte, a wholesale executive who most recently headed the correspondent channel of Newfi. Dunmor, which was founded in 2021, currently sponsors six loan officers,

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Mortgage brokers say FHA changes, inventory are key hurdles

Mortgage brokers are tired of the dialogue around elevated interest rates. “It is what it is,” some say, emphasizing that other factors – such as changes in policy at the Federal Housing Administration — are having a more notable impact on their business and the consumers they serve. At UWM’s Live! event last week, more

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