Movement Mortgage plans operations expansion

*While it is Movement Mortgage’s goal to provide underwriting results within six hours of receiving an application, process loans in seven days, and close in one day, extenuating circumstances may cause delays outside of this window.

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 · Mortgage Rates; Where Should I Retire?. The Company only reported $277,000 in gross profit on $882,000 in revenue in 2017 prior to the implementation of its operations expansion plans.

Walter’s bankruptcy won’t affect Ditech’s servicing ability Walter’s bankruptcy won’t affect Ditech’s servicing ability The impending bankruptcy of walter investment management corp. should not affect its subsidiary Ditech Financial’s capability to service securitized mortgages, Fitch Ratings said.

Now that the expansion plans are out in the open (no pun intended), what has the response been like within the mortgage industry as well as Open’s other partners? Overall, the industry response has been very warm to the expansion of our business. Following the market compression of 2018, Open Mortgage was favorably positioned for expansion.

 · Movement Mortgage announced Wednesday that it is acquiring a big piece of Lennar’s mortgage arm, Eagle Home Mortgage. To be specific, Movement Mortgage is set to acquire the retail operations.

The mortgage process involves myriad steps, personnel, vendors and procedures. Beginning with the first customer contact to the set-up of the loan in servicing, an individual loan file comes into contact with 20-50 different employees, vendors and service providers. Organizing the process in a way that makes sense is a real challenge.