Mortgage Blog

Home Point Financial Corp. is closing its Charlotte office in a move that will eliminate 54 local jobs by mid-summer, according to a Worker Adjustment and Retraining Notification letter.

Companies are required to file WARNs in cases of facility closures and mass layoffs — defined as 500 employees or more, or at least one-third of the employer's local workforce.

In its filing with state officials this month, Ann Arbor, Mich.-based Home Point says it will shutter its office at 3525 Whitehall Park…

Passport, a mobile payments firm based in Charlotte, moved into its new 28,000-square-foot office space at First Citizens Bank Plaza in December of last year. Six months later, the company is settled into its new uptown digs.

Passport's new headquarters is based on a theme of city life, with the two floors dubbed as “uptown” and “downtown.” The grid-like office design incorporates elements of wood, concrete and natural light to add to the urban feel.

Decór ranges from sleek sofas and modern-style…

EY has announced the finalists for its 2018 Entrepreneur Of The Year Awards in the Mountain Desert region, recognizing entrepreneurs who excel in innovation, financial performance and personal commitment to their business and communities.

Among them are leaders of five Phoenix-area companies. Arizona regularly has a handful of honorees in the annual contest.

The finalists, selected by an independent panel of judges, are as follows:

Dr. Jason Myers, President and CEO, ArcherDX, Inc. (Boulder, CO)

Ron…

Steve Ellis, the head of Wells Fargo’s innovation group, is retiring after more than 30 years with the bank helping the bank advance its online- and mobile-banking presence.

Ellis was not your typical bank executive. When he took himself and his job to Los Angeles from his longtime base in San Francisco in 2014 for what the bank called “personal reasons,” some might have speculated it was for Southern California’s warm breezes, abundant sunshine and better surfing.

“My group knows that…

The proposed changes include eliminating requirements to establish escrow accounts, obtaining safe harbors from being sued by defaulting borrowers and exemptions from providing certain data.

“It’s a chance to practice with some outstanding lawyers.”

Regions Bank is opening three more branches as part of an expansion in St. Louis announced last year.

As we noted last year, Birmingham-based Regions (NYSE: RF) is targeting several markets – including St. Louis – for expansion.

“When you walk into these branches, you’re not waiting in line behind a counter. Rather, you’re welcomed personally by a Regions banker who can meet a wide range of financial needs,” Ray Torrence, consumer banking manager for Regions in St. Louis, said.…

A Charlotte mortgage service company will jump the Carolinas border to Fort Mill with plans to eventually grow to 1,100 jobs.

In the process, RoundPoint Mortgage Servicing Corp. will build a $34 million headquarters and will kick off development of Southbridge for Lincoln Harris of Charlotte. It’s the first planned new construction in Southbridge since Lincoln Harris and Cato bought the property that included the Knights Castle site in Fort Mill.

“We’re excited that this is kicking off the…

The retirement of a longtime Buffalo banker is driving a change in management at KeyBank N.A.

Anthony Rizzo, who's in charge of commercial banking for the bank's Western New York market, will retire May 31.

His successor? Michael McMahon, a Buffalo native who joined KeyBank three years ago to work with middle-market clients.

Rizzo has been with Cleveland-based KeyBank since 2016 when parent company KeyCorp (NYSE: KEY) acquired his employer at the time – First Niagara Financial Group Inc. Rizzo's…

The state's 48 federally insured financial institutions reported a combined profit of $118 million in the first quarter, up from $96 million a year ago.