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Arizona Wholesale Mortgage

Arizona Mortgage Rates: Smashing The Competition

Arizona Wholesale Mortgage here... Just having some fun with our super low mortgage rates and a little fun with our Arizona mortgage competition ...

Stearns Lending Names Michelle Greenstreet Chief Administration Officer

Michelle is a seasoned leader with over 20 years of experience in senior roles supporting global banking, financial services, manufacturing and commercial real estate. She spent the majority of her career at Citigroup, where she held various senior human resource and business advisory roles. Her vast experience includes human capital management, compensation design and planning, culture transformation, project management, M&As, divestitures, process reengineering, marketing, and corporate communications.

“Michelle’s deep knowledge and extensive leadership experience will be a tremendous asset as we continue our rapid growth trajectory,” said David Schneider, Chief Executive Officer. “I am extremely pleased to welcome her to the leadership team and feel confident that she will play an instrumental role in the continued success of the company going forward.”

Michelle joins Stearns from Spirit Realty Capital, where she served as the Chief Administrative Officer and Executive Vice President, responsible for Human Resources, Information Technology, Marketing and Communications. In that role, Michelle led the company’s relocation from Arizona to Dallas, significant transformation of the company culture, and process improvements and business optimization initiatives.

CastleLine Delivers Certified Loan Program to help Maximize Returns and Minimize Repurchase Risk

Cooperative -- a national alliance of independent mortgage bankers, correspondent lenders and suppliers of mortgage products and services -- Peoples also benefited from a lowered deductible. Expand its volume of business and realize potential savings through this new strategic approach. Realize the value of Plaza's offering and determine that investors could no longer be weighed solely on price, efficiency and ease when selling on the secondary market.

"Based on our own calculations, we gain a value of more than 10 basis points (bps) per loan/per transaction with the Plaza relationship," said Shawn Morris, Managing Partner, Peoples Mortgage. "When you factor in the cost of potential defects along with the savings on the deductible, the calculation was simple."

"In today's competitive market, it is challenging to differentiate yourself from your peers," said Mike Fontaine, Executive Vice President and Chief Financial Officer, Plaza Home Mortgage, Inc. "Through the CastleLine Certified Loan Program, we are able to basically eliminate representation and warranty risk for our customers, a real benefit. Peoples is a great example of a lender that has captured this benefit."