Tag Archives: Company News

Graystone Mortgage and Appraisal Logistics have announced the continuation of their standing partnership. Currently, Appraisal Logistics facilitates compliance and risk management for Graystone.

The uptick in existing home sales to end 2011 is, obviously, a positive industry trend, and a new study released by BMO Economics and Harris Private Bank indicates that the sales pace is likely to continue upward.

Avison Young is bolstering the leadership for its West Coast brokerage operations with the announcement that Martin McDermott will join the company's West Los Angeles office. McDermott, a commercial real estate broker, will focus on office and retail property transactions in his new role for Avison Young.

Zillow is making it easier for home shoppers to gain information about the homes they are interested in purchasing with the launch of its Neighborhood Advice tool. The popular website will allow potential home buyers to learn more about the neighborhood they are targeting via social media outlet, Facebook.

Illinois received an unexpected gift during December - rising home sales. Crediting the unseasonably mild weather, low mortgage interest rates, and attractive market pricing, the state recorded its sixth consecutive month of increasing numbers of homes sold. According to the recent report released by the Illinois Association of Realtors, the total number of homes sales during December was up 14 percent year-over-year. Overall, data from Illinois showed 8,828 homes sold for the month, off of 7,746 sold during December 2010.

Continuing its sell off, First Niagara Bank has announced its intention to liquidate another 27 branches. The move is part of the company's transition following its acquisition of HSBC Bank's regional retail business in New York and Connecticut.

First Guaranty Mortgage Corporation has appointed a new assistant vice president, with the announcement that Lyle Lasky will join the company at its national underwriting and credit compliance manager. FGMC will capitalize on Lasky's 17 years of experience in the industry to enhance its quality and compliance initiatives.

Mark another big team-up for mortgage pricing company LoanSifter. On Wednesday the company announced that it will now include price quotes for Radian Guaranty Inc. in its pricing engine. The price quote from Radian will appear in LoanSifter's mortgage insurance best execution pricing platform. This is the next big thing for LoanSifter, which recently signed a deal with Google that allows it to facilitate comparison of loan products among many providers via a new technology platform.

Adding to its management lineup, Veros Real Estate Solutions has announced the appointment of Charles Rumfola as the company's senior vice president of strategic initiatives. Veros will capitalize on Rumfola's extensive industry experience to enhance its activities in the secondary market.

Ending last year on a high note, United Wholesale Mortgage has released its 2011 scorecard. THe company showed demonstrable growth during the year, and UWM is preparing to continue its expansion in 2012.