During the year ended September 30, 2018, the Company recognized expenses of $481,000, net of taxes, associated with the initial operations of this secondary-market residential mortgage lending division
. Excluding these merger-related and initial operating expenses, as well as an income tax benefit of $122,000 from the adjustment of deferred taxes as a result of the Tax Cuts and Jobs Act enacted in December 2017, the Company would have reported net income of $12.2 million (non-GAAP measure)(1) and net income per diluted share of $5.16 (non-GAAP measure)(1) for the year ended September 30, 2018.
Wentworth Home Lending, will report directly to the board of directors on behalf of the company's expanding mortgage lending division
, effective immediately.??J.G.
His previous experience includes 18 years in the mortgage industry as CFO of Bank of America's mortgage lending division
, a position he was appointed following the company's acquisition of Countrywide Financial.
Target: Home Point Financial/ reverse mortgage lending division
The $1 billion Jeanne D'Arc Credit Union in Lowell, Mass., announced the expansion of its mortgage lending division
by hiring three additional senior loan officers: Kevin McGoff, Bo Stevens and Jeff Wright who hold a combined 52 years of mortgage lending experience.
Joining this episode about mortgages for the “underserved” consumer is Ray Brousseau, Executive Vice President for Carrington's Mortgage Lending Division
, and Carri Ghorbanian, licensed loan officer, who meets up with a newlywed couple who are first-time homeowners to discuss how they were able, in spite of a lower credit score, to purchase their own home with the help of Carrington Mortgage Services.
Mark Smith, director of operations with Exact Mortgage Experts, said: "We have seen significant growth since starting the business here, adding a number of contracts and expanding our team from 25 to over 100 within the mortgage lending division
For the past year and a half, Myren has been the mortgage operations manager for Horizon Bank where she oversaw the day-to-day operations of their mortgage lending division
First Allied Mortgage Bankers has named Alan Goldman to the position of vice president reverse mortgage lending division
for the firm.
HarborOne Mortgage consolidates the Bank's residential mortgage lending division
with the legacy Merrimack Mortgage Company, LLC.
BANKING AND CREDIT NEWS-November 6, 2017-Carter Bank & Trust chooses mortgage lending division
M2 EQUITYBITES-November 6, 2017-Carter Bank & Trust chooses mortgage lending division