Industry Watch: Rocket adds manufactured home loans, new branches for Geneva and CMG, and more

Geneva Financial announced the opening of a new branch in Anchorage, Alaska, the newest state to be added to Geneva’s licensure. The new location will be headed by branch manager Lisa Makoni. Geneva is now licensed to operate in 47 states.

Rocket Mortgage added a conventional loan option for consumers who are interested in purchasing or refinancing a manufactured home. The new manufactured home financing option can be used for the purchase of a primary residence with as little as 5% down or a second home with at least 10% down. Cash-out refinances are available on primary residences, while rate-and-term refis are available on primary and second homes. Other credit, asset, income and debt requirements are consistent with conventional loan guidelines.

CMG Home Loans is expanding its Colorado presence with the addition of a new branch in Westminster. Located between Denver and Boulder, the new branch will be led by managers Mitch Friedman and Jodi Showman.

Mortgage servicing fintech Haven announced that it has raised $8 million in Series A funding, led by Fifth Wall with participation from Fidelity National Financial, RWT Horizons, and 1Sharpe Ventures. The round brings total funding to date to $13.5 million, which includes existing investors Conversion Capital, BoxGroup, AME Cloud Ventures and Operator Partners. The capital will be used for hiring and to accelerate product development.


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