theMReport.com Your trusted source for mortgage banking news
From new appointments to business acquisitions, catch the latest buzz in the mortgage industry in this weekly update.
California-headquartered First American Title Insurance Company has announced the appointment of Janette Waller as President of its Direct Division. In this role, Waller will lead the company's Direct Division, overseeing its direct operations across the country.
Over the course of her 19-year tenure with First American Title, Waller has excelled in local and regional positions of increasing responsibility within the division. Most recently, she served as vice president of Northern California operations, where she generated significant business growth and promoted a positive workplace environment. She previously served in branch, area, and operations leadership roles in Arizona.
Waller’s dynamic leadership style, a keen understanding of the title and settlement business, and commitment to growing the company has inspired strong customer relationships, a highly engaged and committed workforce, and strong business results, First American said in a statement. Waller currently serves on the board of the California Land Title Association and is past president of the Arizona State Escrow Association.
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South-Carolina based Movement Mortgage is expanding its operations and reach in the Pacific Northwest and Mountain West market through the acquisition of Lennar's Eagle Home Mortgage's retail operations. The transaction is expected to add $1.5 billion in additional annual mortgage loan volume to Movement's origination platform, the company said in a statement.
The acquisition, which is scheduled to close later this month, will also increase Movement’s national retail mortgage footprint by 230 additional mortgage professionals and 35 branch offices. “We want to grow, and we relentlessly look for purpose-filled, growth-minded mortgage professionals who want to make a meaningful difference in their industry and communities. We found all of those qualities and more in the team at Eagle Home Mortgage,” said Casey Crawford, CEO, Movement Mortgage. “I’m excited and honored to welcome these talented individuals to Movement.”
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New-York based fintech and mortgage company The Money Source Inc. (TMS) announced that it had sold its originations business to Atlanta-based AmeriSave Mortgage Corporation. According to the agreement, AmeriSave will assume TMS' offices in Plano, Texas and Chandler, Arizona. TMS said that AmeriSave would also welcome TMS employees associated with this business into its fold.
“This is a perfect fit. AmeriSave brings years of delivering a truly exceptional, tech-forward experience to homeowners during originations as we do at TMS in servicing customers for the life of the loan,” said Darius Mirshahzadeh, CEO of TMS. “We feel good knowing that they will take great care of our customers and our people while we double down on being the world’s best servicer.”
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Cloudvirga, a California-based digital mortgage software provider, recently announced the appointment of Ashley Lundquist as VP of talent. In this role, Lundquist will oversee the firm’s initiatives to attract, develop and retain top technology talent as Cloudvirga rapidly expands its team. Lundquist brings to Cloudvirga a decade of expertise in talent acquisition and employer brand development at firms including multi-billion-dollar home-design platform Houzz, and e-commerce platform Drip.
“Cloudvirga’s ambition is to be the employer of choice in Orange County,” said Lundquist. “Our team members value the opportunity to work every day with innovative technology that is disrupting the fintech world — and we value our team members, which is why we are building a culture that empowers individuals at every level.” Lundquist joins three other recent additions to the Cloudvirga leadership team: former loanDepot executive, Tim Von Kaenel as Chief Product Officer; former Roostify executive, Jesse Decker as chief customer success officer; and former Altisource CTO, James Vinci as EVP of technology.
