WHAT'SGOING ON:.

Guild Mortgage has acquired Academy Mortgage, making it the eighth largest non-bank lender in the country. This acquisition will increase Guild's origination volume by 25%. Primis Bank has become the third home lender to use the FICO 10-T score, which can expand mortgage approval rates and reduce default risk. The Association of Independent Mortgage Experts is facing criticism for appointing a CEO whose lending shop uses trigger leads, despite advocating against them. Sagent, a mortgage servicing technology company, has named Geno Paluso as its new CEO as it plans to launch a cloud-native mortgage servicing platform. [Extracted from the article]