Tag Archives: Company News

Realtor.com, a leader in online real estate operated by Move, Inc., is celebrating its 17th year of helping buyers find their dream homes. Since 1996, Realtor.com has seen its active user base grow by more than 20 million and has cultivated relationships with more than 800 multiple listing services (MLSs), more than any other real estate website.

Ocwen Financial Corporation announced the closing of its deal to acquire the country's largest reverse mortgage lender. The Atlanta-based financial services holding company announced in October it had entered into an agreement with Genworth Financial Corporation to purchase Liberty Home Equity Solutions, at the time known as Genworth Financial Home Equity Access. The purchase price was approximately $22 million. Ocwen CEO Ron Faris said the deal "positions [Ocwen] well in a market with enormous future growth potential."

Capital Bank congratulated two of its rising stars Tuesday for their rankings as Scotsman Guide 2012 Top Originators. The 2012 list marks the second appearance of Brad Cohen and Brian Blonder in the ranks of top originators.

ValuTrac Software, a software solutions provider, saw tremendous growth in 2013's first quarter, the company announced Monday.

Genworth Financial got the go-ahead to implement its comprehensive capital plan for its mortgage insurance business. The plan has been fully implemented as of April 1, Virginia-based Genworth announced. The plan is expected to reduce Genworth Mortgage Insurance Company's (GMICO) risk-to-capital ratio by about 15 points and lower the combined risk-to-capital ratio of the U.S. mortgage insurance subsidiaries by about 10 points.

Bradford Technologies Inc. announced the launch of CompCruncher 3, the third generation of the technology "that introduced statistical analysis into collateral valuations."

Wingspan Portfolio Advisors, a diversified mortgage servicing company operating in the Dallas area, says lenders, servicers, and investors are leaving money on the table by not doing their homework on oil and gas leases.

Mortgage Executive Magazine named Guaranteed Rate the No. 1 mortgage company in America. In addition to taking the top spot on the publication's annual list of the top 200 mortgage companies, Guaranteed Rate has more loan officers included in the top 1 percent of the industry professionals across the country and has the most number of loan officers in the top 200 than any other company, with 30 included on the list.

USA Wholesale Lending, a recently-created division of Fort Wayne, Indiana-based Hallmark Home Mortgage, is now operating in 20 states and has plans to expand this year.

Residential Finance Corporation, based in Columbus, Ohio, recently announced the launch of its new Purchase Loan Quick Reaction Force, a team dedicated to ensuring mortgage loans close on time.