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United Wholesale Mortgage's Interactive 2010 Good Faith Estimate

An interactive walk-through of United Wholesale Mortgage's 2010 Good Faith Estimate. Please contact your UWM Account Executive at 800-981-8898 ...

Maverick Funding Acquisition Finalized, Reverse Lender Gets New Name

While some acquisitions may mean changes in leadership or staff, Shein says no layoffs are taking place due to Home Point Financial’s acquisition of Maverick — “the current change is simply growth.”  

Maverick’s business, which had 30 retail branches across 10 states and a national third‑party lending operation, will serve as Home Point Financial’s initial mortgage banking platform.

“The acquisition of Maverick provides us with a strong entry point into mortgage banking,” said Newman, Home Point Financial’s CEO and president, in a written statement. “We intend on leveraging and expanding the core capabilities provided by the Maverick acquisition into a diverse, vertically integrated national mortgage banking organization.”

Additionally, with a new name and a stronger national presence, Maverick hopes to expand its footprint and rise in reverse mortgage rankings. 

“We finally will have better reach to consumers and brokers nationwide, which is a huge plus for us,” says Shein, formerly executive vice president at Maverick. “With Home Point’s depth, experience and overall industry knowledge, we hope to climb [further] in the HECM rankings and … get into the top-five — and that’s part of our growth plan.

Academy Mortgage Adds Two New Detroit Area Branch Managers

“We are incredibly pleased to have these two phenomenal men on our Academy team,” said Academy Mortgage District Manager Shawn Sirko. “They are a dynamic duo and have invaluable experience. We can’t wait to see how they grow their branch.”

Marrs (pictured left) began his mortgage career as a senior underwriter at ABN AMRO-Interfirst (now Citi), then advanced to managing an underwriting team at Washtenaw Mortgage Company. He worked as an independent loan officer for seven years before joining Gold Star Mortgage Financial Group, where he advanced from senior loan officer to branch manager. Marrs received his bachelor’s degree in business administration from Eastern Michigan University and his master of business administration from Wayne State University.

Terry (pictured right) entered the mortgage business as a loan officer for I.T. Mortgage. After successive promotions, Terry quickly became president of I.T. Mortgage, which later became Source Mortgage. Under Terry’s direction, Source experienced significant growth. When the lending landscape changed in early 2008, Terry joined Gold Star Mortgage Financial Group, where he eventually became a highly successful branch manager. Terry also attended Eastern Michigan University, where he received his bachelor’s degree in business administration.