"The first quarter of 2026 was an outstanding quarter, with operational momentum in originations driving an acceleration in volumes and steady improvement in our financial results, liquidity, and capital position."
"First-quarter submissions applications with completed supporting documentation reached a record $918 million, up 20% from a year earlier. They're one of our clearest leading indicators of future funded volume."
Revenue reached $120.1 million, a 62% increase from the fourth quarter but a 28% decrease from the same period last year. Funded loan volume rose 6% year-over-year to $596 million, despite a 4% decline from the prior quarter. CEO Graham Fleming noted operational momentum in originations and an acceleration in volumes. The pending PHH Mortgage Corp. deal has been modified to close in two phases, with the first phase expected in May. First-quarter submissions reached a record $918 million, indicating strong future funded volume confidence.
Read at www.housingwire.com
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