Gains Fannie Mae Seller, Servicer Approval to Expand Consumer Home Loans;
Hires Mortgage Industry Veteran Robert Stiles as Chief Financial Officer
SAN FRANCISCO–(BUSINESS WIRE)–May 17, 2017–
LendingHome, the largest, fastest-growing mortgage marketplace lender, today announced two new business developments that will enable the company to take its business to the next level. LendingHome has gained Fannie Mae seller and servicer approval, which will allow LendingHome to expand its consumer home financing business and better serve its customers. Additionally, LendingHome named Robert Stiles, former CFO of Nationstar Mortgage, as its new Chief Financial Officer.
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Fannie Mae Seller & Servicer
As one of the largest buyers of conforming home loans, Fannie Mae’s approval of LendingHome as a seller and servicer will enable the expansion of its home financing business and the delivery of better outcomes to its customers. By working directly with Fannie Mae, LendingHome can streamline its operations and offer better loan pricing to its customers. At the same time, LendingHome can retain the servicing of its customers in-house so that they can rely on LendingHome as their one trusted advisor throughout the life of their loan, benefitting from a true end-to-end mortgage experience.
“Passing Fannie Mae’s stringent approval guidelines is no small feat, especially for a young company that started lending only three years ago,” said Matt Humphrey, co-founder and CEO of LendingHome. “This is a testament to LendingHome’s financial strength, leading ground-up technology platform, and the quality of our processes from end-to-end.”
“LendingHome focuses on using technology innovation to create efficiencies and deliver…
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