AmeriHome files IPO proposal
AmeriHome, Inc., one of the nation’s top mortgage lenders is going public. The Thousand Oaks, Calif., based residential mortgage lender, servicer and Ginnie Mae approved bond issuer has filed a proposed initial public offering (IPO) of its Class A common stock with the U.S. Securities and Exchange Commission (SEC).
While AmeriHome has filed with the SEC a registration statement on Form S-1 for these securities, the company said in an announcement, it has not yet become effective.
The actual number and the price range for the proposed shares, or other terms of the offering, have not yet been determined, as “the offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed.”
The announcement also notes that the proposed offering will become available only through a prospectus, and offers to buy these securities will be accepted only after the registration statement becomes effective.
Currently the company originates loans in 46 states and can purchase and service loans, including residential Fannie Mae, Freddie Mac, Federal Housing Administration, Veterans Administration and USDA, in 49 states.
When available, copies of the preliminary prospectus will be available on the Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities – which are among the firms acting as lead book-running managers for the proposed offering.
Royal Pacific launches correspondent channel
Royal Pacific Funding (RPF), an established wholesale mortgage lender and servicer based in Costa Mesa, Calif., announced it has expanded into correspondent lending. The addition of a new premier correspondent lending channel business aims to boost RPF’s servicing portfolio.
The RPF Correspondent channel will offer Fannie Mae, Freddie Mac, Veterans Affairs and Federal Housing Administration programs ‘to serve a wide array of sellers,” the company said, who will benefit from RPF’s experience, partnership and the liquidity options they need to be competitive and increase profitability.
RPF also announced it is looking to expand its growing correspondent national sales team with highly knowledgeable candidates.
Founded in 1991, the company started out as a wholesale lender and servicer, including a wholesale channel that operates under its wholly owned subsidiary, Bluepoint Mortgage. In 2020, Scotsman Guide ranked RPF a Top Ten Wholesale Mortgage Lender in the Nation and second in the state of California.
“We are excited to launch our correspondent channel with 30 years of lending experience under our belt,” said Sam Soliman founder and CEO. “RPF Correspondent is tailored to our partners’ secondary needs and we look forward to offering a quick and simple purchasing process to enhance the sellers’ lending abilities, while facilitating continued growth in the market.”
The company also has engineered the RPF Connect portal to ensure users can seamlessly upload mortgage loan data into the pipeline and allow RPF to expedite the loan purchasing process.
It is a good time for RPF to launch a correspondent lending channel, said Dawn Hill, CFO of RPF, which is not an entirely new concept for RPF. “We are just in a position to expand on a scalable level. We have the third-party expertise, solid relationships, and a financial position to support this operation.”
Coastal & GBC integrate RiskFootprint site
A new partnership brings together critical climate risk data, analysis and internationally recognized Leadership in Energy and Environmental Design or LEED information on one site.
Fintech Coastal Risk Consulting (CRC) joined forces with the U.S. Green Building Council (USGBC) and its affiliate online interface for LEED and other certifications Arc Skoru Inc., integrating climate risk, data analysis, LEED certification and Arc’s green tenant, building, portfolio and community rating – into the CRC RiskFootprint portal.
Established in 2014, CRC’s automated solutions helpmortgage lenders, insurance brokers, real estate investment trusts (REITs), local and federal governments, consumers, real estate agents, and environmental, social and governance, or ESG, fundsget climate risk ready.
“Coastal Risk is proud to partner with USGBC to accelerate resilience for residential and commercial properties and public facilities,” said Albert Slap, president of Coastal Risk Consulting. “Our RiskFootprint™ technology provides users with a scientific and comprehensive visualization of current and future physical climate risks, both on a portfolio and individual property level. RiskFootprint™ complements USGBC’s mission to make buildings greener and more sustainable.”
RiskFootprint provides flood, natural hazard, and climate-impact risk assessment alongside sustainability solutions. Its geospatial modeling, data analytics, and risk assessment technology and advisory services empower “individuals, businesses, and governments around the world to accelerate climate resilience,” the company said.
LEED assessments and certification provide third-party verification of performance across key metrics such as energy and water savings. Projects pursuing LEED certification earn points for various green building strategies in several categories to qualify for one of four LEED rating levels: Certified, silver, gold or platinum.
Arc is a technology company created by Green Business Certification Inc. (GBCI) to support USGBC and its partners by collecting, managing and benchmarking performance data. The Arc and GBCI rating system calculates performance based on a 100 score.
In partnership with CRC, USGBC will be able to apply continuously add data and technology platforms to help stakeholders gain insights and inform action, said Mahesh Ramanujam, president and CEO of USGBC.
“The integration of RiskFootprint with LEED Online and Arc will give any commercial or residential project new tools to assess vulnerability to flooding, storm surge, earthquake, drought, increased rainfall, increasing temperature and other current and future risks,” he said.
CRC’s automated assessments will help assess the vulnerability to physical climate risks for every project, portfolio or individual asset, and improve environmental performance in line with the Task Force on Climate-related Financial-risk Disclosures (TCFD) recommendations.
The detailed, RiskFootprint dashboard and reports help customers make informed decisions about buying, selling, insuring, and implement cost-effective measures to mitigate these risks as needed.
“As we prepare to reopen our spaces and build back our economies, we are working with leaders, like CRC, that are advancing resilience as we build, rebuild and transform our buildings, communities and cities around the world into healthy and resilient spaces,” added Ramanujam.