Chief financial officer

LendingHome Sets Stage to Accelerate Next Phase of Business Growth

Gains Fannie Mae Seller, Servicer Approval to Expand Consumer Home Loans;

Hires Mortgage Industry Veteran Robert Stiles as Chief Financial Officer


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.

This Smart News Release features multimedia. View the full release here:

Robert Stiles, CFO of LendingHome (Photo: Business Wire)
Robert Stiles, CFO of LendingHome (Photo: Business Wire)

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…

How These 8 Company Stocks Fared Following Scandal

From bad business decisions to PR nightmares (looking at you, United Airlines), negative news can crush a company’s bottom line and send investors fleeing. But not all scandals — or their fallouts — are the same. Some companies rebound quickly, while others spend years recovering — or go out of business altogether.

Let’s take a look at some of the largest corporate scandals in recent memory, and their impact on shareholders.

1. Tyco

This was one of the biggest corporate scandals in the early part of the millennium. CEO Dennis Kozlowski and CFO Mark Swartz were convicted of grand larceny after improperly awarding themselves millions of dollars in bonuses. Details of the lavish $2 million birthday party that Kozlowski threw for his wife made for great tabloid fodder.

Tyco’s shares took a hit in the short term, but the company’s underlying business in security and fire protection systems was still sound. Over the years, Tyco has split into multiple firms, leaving patient investors with shares of a diverse array of companies — many of which have outperformed the markets. Pentair, a company that acquired one Tyco division in 2012, has seen shares rise more than 40 percent. Johnson Controls bought Tyco last year and then spun off its automotive seating business, Adient. Adient shares are up 55 percent since the spinoff in November. (Disclosure: I own some shares of Johnson Controls, Adient, TE Connectivity, and Pentair.)

2. Chipotle Mexican Grill

The burrito chain faced scandal in 2015 after an E. coli outbreak affected dozens of customers. The company’s share price suffered for months as investors wondered whether it had a handle on food safety. Those issues appear to be in the past now, and shares have risen 23 percent in 2017. Still, they fail to come anywhere close to the highs of two years ago.

3. Samsung

Samsung was forced to recall all of its Galaxy Note 7 devices last year after reports of the phones catching fire due to battery defects. The discontinuation of the high-end phone cost…