Alternative market share hits record highs
Alternative lenders’ market share has grown to record levels in 2014, according to new data from one major bank.
Lender announces commitment to alternative space
One trust company is reaffirming its dedication to supporting mortgage brokers with two executive appointments, among them a leading player from another lender.
Veteran player establishes MIC
Former Equity Financial Trust CEO Nick Kyprianou announced Thursday the establishment of RiverRock Mortgage Investment Corporation.
Lender support finalists announced
Talented lender support can mean the difference between funding a deal for a client and not. And with that in mind, CMP has released the finalists for the best lender BDM of the year and best lender underwriter of the year.
Plan is set to have Equity Financial's CEO reinstated
Smoothwater Capital will participate in a special shareholders meeting for Equity Financial Trust in March with the intention of removing seven of its nine directors and appointing three new ones – including recently ousted Nick Kyprianou.
Equity Financial announces leadership change
Burgeoning alternative lender, Equity Financial Trust, announced Thursday that CEO Nick Kypriano has been replaced by Michael Jones, who will assume the role of president of Equity Financial Trust, effective October 7.
Brokers buoy B lender
Equity Financial Trust’s decision to focus on mortgages has been a good move, with the release of its second quarter numbers hinting at the growing popularity of B business in the wake of ever-tightening lending rules.
Alternative lender sells division to focus on mortgages
Alternative lender Equity Financial is selling its transfer agent business in an effort to deepen its pockets and better focus on a rapidly growing retail mortgage operation.
Alt lender to ‘newbie’ broker: Don’t gum up the works!
When it rains, it pours. Alternative lenders are reporting a record number of originations largely due to a tide of borrowers shut out by the big banks. But will a stream of ill-prepared apps clog the pipe?
Lender questions the value of REDX
A lender is joining brokers in questioning the industry’s use of REDX, arguing the system, meant to flag fraud, is too often misused by underwriters and other subscribers.