Real Estate Broker/Agency News

loanDepot VP Brian Covey moves to Revolution

Brian Covey, a high-profile vice president at loanDepot, is leaving the company after five years to join Revolution Mortgage, another direct-to-consumer retail mortgage lender which was founded in 2018. Covey, who announced the change Monday via a LinkedIn post, joined loanDepot in 2018 and led the sales teams in Tennessee,

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As title insurance volume shrinks, workers take on more tasks

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix’s fifth annual “State of the Title Industry” report. With homebuyer demand having cooled considerably since the survey was

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Fintech Achieve closes $175M HELOC securitization

Early this month, California fintech Achieve announced the closing of its first AAA-rated securitization backed by $175 million in home equity lines of credit.  The securitization — which is the process of bundling mortgages into a pool and selling shares of the pool as bonds —  consists of three classes

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