Industry Watch: UWM, Kiavi, Pennymac and others make headlines

A roundup of notable mortgage industry activity over the past two weeks

Industry Watch: UWM, Kiavi, Pennymac and others make headlines

A roundup of notable mortgage industry activity over the past two weeks
The latest update on the past 2 weeks of company news in the mortgage industry

United Wholesale Mortgage (UWM) announced a strategic acquisition of Two Harbors Investment Corp. The deal is set to significantly expand UWM’s mortgage servicing rights portfolio and operational capabilities.

Kiavi, a Pittsburgh-based lender specializing in fix-and-flip loans and bridge financing for real estate investors, announced that it is expanding into four new markets: Mississippi, New Mexico, Rhode Island and Vermont — bringing its presence to 49 states and Washington, D.C.

Pennymac officially opened a new operations center in Carrollton, Texas. The 150,000-square-foot facility is expected to accommodate 1,800 employees, expanding the lender’s footprint in the state.

Mortgage Capital Trading (MCT) and FICO announced an expanded partnership to integrate FICO Score 10T into MCT’s valuation and price discovery tools, allowing portfolio managers and investors to utilize credit data for more granular risk assessments.

Burke & Herbert Financial Services Corp. and LINKBANCORP Inc. announced they have signed a definitive merger agreement. This banking consolidation will likely impact their combined mortgage lending footprints in the Mid-Atlantic region.

Continuing the trend of brokerage consolidation, William Raveis announced the acquisition of Jordan Real Estate, further expanding its luxury real estate presence in the Northeast.

Real Genius and Tavant partnered to launch LAZLO, a direct-to-consumer mortgage platform designed to streamline the origination process with advanced automation.

Lender Price, a provider of mortgage origination software, launched its new “Analyze, Price, Recapture” (APR) solution. The tool, powered by artificial intelligence, is designed to help lenders and servicers better identify refinance opportunities within their existing portfolios.

First American Data & Analytics announced that its RegsData compliance solution is now fully integrated into the MeridianLink Mortgage loan origination system. The integration allows lenders to run automated compliance checks and identify potential violations.

ACES Quality Management announced the general availability of ACES DataBridge, a tool designed to make quality control data fully portable.

FirstClose announced a new partnership with Stewart Lender Services, integrating Stewart’s suite of title, valuation and closing tools directly into the FirstClose Order Management System. The integration is designed to streamline workflows for home equity lenders and offer automated title decisioning, among other benefits.

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