U/W, Training, Non-QM, Marketing Products; Ginnie's Growth

Although lots of small lenders don’t seem interested in being acquired any longer (“Hey, our pipeline is full and we’re making money again! Autumn is a long way off!”), M&A is alive and well. The latest example comes from Southern California where William Lyon Homes (NYSE: WLH) has bought South Pacific Financial Corp., a retail mortgage banking company based in Irvine. South Pacific has been rebranded as ClosingMark Homes Loans Inc., and is part of a new financial services division being launched by the homebuilder. The unit, ClosingMark Financial Group , will include title insurance, settlement and mortgage services. Lender Products and Services As a lending manager, the winding down of home-buying season is the perfect time to re-evaluate your process and determine...(read more)

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