Splitero expands to Arizona; A&D Mortgage launches free CRM; Achieve updates terms on HELOC product.

HEI provider Splitero has received a $300 million investment from funds managed by Antarctica Capital.

The business-purpose lender is moving away from multifamily project lending to focus on single-family fix-and-flip loans.

Annaly Capital Management increased its non-agency correspondent activity during the third quarter.

The seasonal decline in purchase-mortgage originations and interest rate trends will likely prompt jumbo lending to slow in the fourth quarter.

Noncore products include conforming jumbos, investor loans, cash-out refis and mortgages for second homes. (Includes data table.)

Arc’s new HELOC product is a fully digital offering that can lead to loan funding in less than five days.

With debt service coverage ratio loans becoming increasingly popular among lenders, underwriters need to balance guidelines against regional variations in rental values.

Refi promotion at A&D and DSCR expansion; Hometap brings new HEI securitization; Aclara Lending enters the non-QM lender space.

Brokers took ground in nonconforming loan originations from retail and correspondent lenders during the first half of 2024. (Includes two data tables.)