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Parent company of Veritex Community Bank, which paid $54.9 million to acquire a 49 percent interest in Thrive in 2021, expects a $25 million to $30 million loss if the deal closes.
This morning it’s off to Missoula, Montana, for me to spend some time with the folks at MAMP. (Few states have as many different species of mammals as Montana: nearly 120 out of a total of 490 in the wild in North America.) Going through the airport there were few signs of Halloween, although across the country, lenders’ employees are asking, “Which area of our office has the best leftover Halloween candy, underwriting or accounting? Or perhaps it is near the front desk… a Kit Kat bar after lunch won’t hurt anything!” I bet the folks at NAR could use s...
“Change is inevitable, except from a vending machine.” Corporate changes are the name of the game. Atlanta’s Crescent Mortgage’s bank owner is aligning all mortgage facets of the enterprise and moving to “retail only” and eliminating third party. Rather than wind down, Colorado’s Universal Lending is inking an agreement with Lower LLC in a partnership setting up Universal Home Loans being in the same markets as a division of Lower LLC and improve its competitive position. Every discussion that I’ve had with real estate agents lately invol...
<p><a shape="rect" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.icemortgagetechnology.com%2F&esheet=52563270&newsitemid=20220118005087&lan=en-US&anchor=ICE+Mortgage+TechnologyTM&index=1&md5=9c441e88a56d258ce19af48ba489d81c">ICE Mortgage Technology<span>TM</span></a><span>, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Colorado Ho...
How these two brokers manage their mentor-mentee relationship Robyn Robyn A A Choosing a mentor for the first time, or looking to select a new mentor for your next stage of growth, can be a daunting experience. In this episode of Elite Broker, host Annie Kane talks to Quality Financial Group’s broker and mentor Sue Hayter and her mentee, Janitha Silva from Universal Lending, to discuss how they get the most out of their mentoring relationship. Tune in to find out: · What they think brokers should look for in a mentor · The things they might want to avoid · Why having a mentor can be the ...