LoanDepot has introduced “Home School,” a comprehensive educational platform supporting every stage of the homeownership journey delivering cohesive content across podcasts, videos and written articles. The content will be designed with tailored pathways for different market segments, such as first-time homebuyers; veterans; second home or investment property buyers; home renovators; and reverse mortgage candidates.
Rithm Capital Corp., parent company of NewRez, has completed its previously announced acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing (SLS). Immediately following the closing of the acquisition, SLS merged into Newrez.
Huntington National Bank has added a team to its commercial banking segment that will serve the specialized cash and treasury management needs of mortgage servicers and other real estate companies. The new specialized mortgage solutions team will provide customized cash management, treasury management, and escrow services and products to residential and commercial mortgage servicers and originators, title companies, private equity firms, hedge funds, property managers and other types of real estate firms.
Newfi Lending has announced the expansion of its EquityChoice product, a second-lien, shared appreciation loan that gives homeowners immediate access to liquidity. Originally available only to homeowners in Arizona, California, and Colorado, Newfi has announced a multi-state expansion, adding 16 new eligible states: Connecticut, Delaware, Georgia, Idaho, Kentucky, Louisiana, Maine, Michigan, Montana, North Carolina, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, South Carolina.
Capital Community Bank (CCB) has announced the acquisition of Security Home Mortgage. The two companies are both Utah-based: CCB is based in Provo, while Security Home Mortgage is headquartered in Orem.
