UMortgage is rolling out a flat-fee broker model that waives certain charges for originators who close more than 50 loans per year, part of a broader push to more than quadruple its sales force to 1,000 loan officers by December. Under the structure, LOs earn 275 basis points per loan but pay a $995

PHH Mortgage Corp., a subsidiary of Onity Group and the parent of Liberty Reverse Mortgage, on Monday announced updates to its artificial intelligence (AI)-powered assistant for subservicing clients. PHH said the updates build on the tool’s original capabilities and “reflect PHH’s commitment to cont

The National Association of Mortgage Brokers (NAMB) announced Tuesday that leading reverse lender Mutual of Omaha Mortgage is partnering with the trade group as the exclusive sponsor for a reverse mortgage specialist certification program. According to a press release from the companies, the sponsor