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Top-Producing Draper And Kramer LOs Spurn NAF

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. (DKMC) are not transitioning to the company’s acquirer, New American Funding (NAF), according to multiple sources and available public data. During their departure, DKMC sales staff who are not joining NAF were informed by leadership that they

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Fairway Shuts Down Wholesale Channel

Fairway Independent Mortgage Corp., the nation’s ninth-largest mortgage originator, announced Friday that it would be closing its wholesale channel and pivoting entirely to retail. “The people who have run Fairway’s Wholesale Department are some of the most talented, humble people in the business and will be a huge value add

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U.S Jobs Report Surprises To The Upside

The U.S. economy added significantly more jobs than expected during the first month of the year. Jobs increased by 353,000 in January, up from a revised rate of 333,000 in December, according to data released by the Bureau of Labor Statistics on Friday. January’s reading far exceeded the monthly average

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EXp Enters Affiliated Business Agreement With Citrus Closing Group

Real estate brokerage eXp Realty has entered into an affiliated business agreement with Orlando, Florida-based title firm Citrus Closing Group, according to an announcement on Thursday. “We are thrilled about the prospects of our exciting new partnership with eXp Realty, anticipating a wealth of opportunities and collaborative success ahead,” Jeremy

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Redfin Launches New Homebuyer Refund Program

Redfin is back to offering refunds to homebuyers but this time under a new name. Launched on Thursday, the brokerage’s Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within

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Pennymac Delivers $145M Profit In 2023 

In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio.  That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights

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