Grand Bank, N.A., has announced that it will be selling its ICON Residential Lenders unit to Rushmore Loan Management Services, according to a recent release. The sale is still subject to regulatory approvals and is expected to close in the fourth quarter of 2012 or the first quarter of 2013.

Walker & Dunlop, Inc., announced that Douglas C. Blake has been hired as senior vice president of the company's closing department. According to Walker & Dunlop's recent release, Blake will manage the department, including all aspects of the loan closing process.