Tag Archives: Mortgage Origination

According to a report from the Urban Institute, the value of the housing market, housing affordability, and availability of credit are all on the rise.

Analysts believe everything is in place for mortgage originations to finish big in 2016.

Satisfaction among mortgage customers has improved overall this year as lenders have shifted their focus to developing functional digital channels and improving operational efficiency.

Mortgage originations are soaring but bank's are not reflecting this rise in their portfolios, which are suffering from new tax policies, fluctuating interest rates, and regulatory changes in mortgage lending.

Flagstar Bancorp, Inc., recently announced that Leonard Israel has joined Flagstar as president of mortgage, where he will be responsible for all aspects of Flagstar's mortgage originations business. Israel will report to Flagstar President and CEO Alessandro DiNello.

BOK Financial, a regional financial services company based in Tulsa, Oklahoma, recently announced that it has named Glenn Brunker to lead BOK Financial Mortgage. In his new role, Brunker will manage all mortgage origination channels. He will replace Ben Cowen, who resigned from BOK Financial earlier this year to pursue another career opportunity.

After only three short years of business, Discover Financial Services announced today in a press release that its mortgage origination business, Discover Home Loans Inc. will close. The origination business was acquired in 2012 to focus on profitable direct banking products that the company believed would produce greater growth opportunities.