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Eye on the Industry: Updates on Guild Mortgage, LenderClose, and More

From key promotions to new tech and acquisitions, get the latest buzz on the industry here.

Mortgage

Guild Mortgage, an independent mortgage lender located in California, announced Homebuyer Protection, a program designed to give customers added protection and peace of mind during the mortgage process.

Homebuyer Protection combines three of Guild’s loan programs and services, allowing homebuyers to protect their rate, earnest money and closing date. The program began for purchase loan applications on April 15.

With Lock and Shop, the customer can lock in their interest rate for 90 days while shopping for a home. Once they have found a home, they will have the option to float-down their rate, at no cost, if rates decrease. Credit Approval Protection gives buyers, agents and sellers added confidence in Guild’s pre-approval process. If the company issues a preliminary credit approval from underwriting, but is unable to close the homebuyer’s transaction, Guild will pay up to $1,000 for inspections, appraisals or relocation expenses incurred for the home purchase. The company will also reimburse up to $5,000 in earnest money deposits if Guild is unable to close the loan. Finally, under Homebuyer Express with 17 Day Closing GuaranteeGuild will pay qualifying customers $500 toward closing costs if delays solely by the company to prevent the loan from closing on time, in 17 days or more.

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Ad spendLenderClose recently announced the addition of Allen Jingst and Wes Peterson to the team. Jingst will serve as SVP of Sales; Peterson as Relationship Manager.

Jingst has an extensive sales background in the technology sector. Mostly recently, he served as Director of Sales for Dwolla, a Des Moines-based payments platform active in the fintech startup community. There, Jingst grew sales revenue by 60% while hiring and training a sales team that tripled under his leadership. Prior to Dwolla, Jingst surpassed sales goals as a leader within teams at Dice.com and BirdDog HR, both Des Moines-based technology companies.

“We are excited to add another mentorship-minded executive to our team,” said Ben Rempe, LenderClose COO. “Individual growth is just as important to us as team growth, and Allen’s experience developing young leaders is second-to-none. We’re excited to support his efforts to create a challenging and inclusive environment for the talented sales professionals who have joined this team.”

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Michigan-based Northpointe Bank has announced that Bryan Neitzelt has been named as SVP, Capital Markets.

In this leadership role, Neitzelt is responsible for enterprise-level financial risk management of Northpointe’s nationwide residential lending business; including interest rate risk hedging, securitization, portfolio asset management and investor relations.

Previously, Neitzelt was VP of secondary marketing for The Huntington National Bank.  Over the past 22 years, he has been responsible for mortgage loan risk management. Neitzelt holds a BA in business administration/finance as well as a Master’s degree in business administration from Otterbein College.

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Hightide Settlement Services, LLC, a provider of title and settlement services, is now offering eClosings through Pavaso, a supplier of digital mortgage closing technologies.

Hightide, located in California, uses its experience and expertise to tailor comprehensive, customized solutions for every title and settlement need. Pavaso expands the range of options available to Hightide customers and helps deliver faster, more convenient closings.

The Texas-based Pavaso platform breaks down traditional silos and brings everyone in the homebuying transaction together in the same digital environment, where they can seamlessly communicate, collaborate and securely exchange information throughout the entire closing process. Designed by industry veterans to simplify the closing experience, Pavaso can help save time, reduce costs and streamlines processes.

About Author: Mike Albanese

A graduate of the University of Alabama, Mike Albanese has worked for news publications since 2011 in Texas and Colorado. He has built a portfolio of more than 1,000 articles, covering city government, police and crime, business, sports, and is experienced in crafting engaging features and enterprise pieces. He spent time as the sports editor for the "Pilot Point Post-Signal," and has covered the DFW Metroplex for several years. He has also assisted with sports coverage and editing duties with the "Dallas Morning News" and "Denton Record-Chronicle" over the past several years.
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