ClearPoint Funding Moves Ahead with Wholesale Effort

Former Lendia executive Greg O'Connor said he is moving forward with a U.S. mortgage wholesaler he bought from Richard Branson's Virgin Money unit. A few years back Mr. O'Connor actually sold the lender — then called Lendia — to the Branson unit and stayed on as an executive vice president. He plans to rebrand the mortgage lender 'ClearPoint Funding.' Mr. O'Connor said he could not comment on anything related to Virgin Money. A spokeswoman for Virgin, however, confirmed the sale back to Mr. O'Connor. No purchase price was disclosed.