Freedom Mortgage Corp., a privately held, full-service mortgage lender licensed in all 50 states, has agreed to buy approximately $500 million of selected residential mortgage assets from New York Community Bank’s mortgage banking operation. The deal includes the right to service over $20 billion of residential mortgage loans, as well as the loans in the warehouse […]
NAMB, The National Association of Mortgage Professionals, announced the results of its monthly member survey. The primary findings include the following: >>low home inventory was cited by 58.0 percent of respondents nationwide as the number one obstacle for clients looking to buy a home, followed by down payment (18.5 percent) and credit (7.0 percent) >>according […]
OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, has unveiled a new corporate website to better position the company’s expanded enterprise-class solution set, customer profile focus and long-term value proposition. Here’s the value proposition: Featured Sponsors: “We’ve grown exponentially over the past five years, and as such, had a need to […]
LERETA, a national real estate tax and flood service provider, has launched its Additional Parcel Search Solution, a proprietary new solution that materially improves identification of additional parcels at the initiation of tax service. This solution reduces portfolio risk associated with penalties and interest and potential loss at tax sale. Featured Sponsors: One […]
Technology is not the enemy. Technology should be a lender’s friend. And technology can solve a lot of problems. For example, Longbridge Financial, LLC., a national reverse mortgage lender based in Mahwah, New Jersey, has decided to implement Loan Vision accounting software for mortgage banks. The company cut over from its existing accounting solution on June […]
DocMagic, Inc. has announced that its technologies are now capable of supporting both phases of the upcoming UCD (Uniform Closing Dataset) requirement. The company’s technology solutions, which have been certified by Fannie Mae and Freddie Mac for both phases of the UCD file delivery mandate, enable lenders to start immediate testing of full UCD delivery—well in advance of the phase one 2017 deadline […]
Purdy Enterprise, a property services firm, has selected FotoNotes, a provider of mobile and cloud field service management platform, as its technology solution for managing property inspections, maintenance work orders and other field service activities. Featured Sponsors: Purdy Enterprise, which offers a comprehensive range of field services, maintenance, property management, and investor services, was recently […]
Legacy technology is old and outdated, yet it permitted our industry. Technology has to have a great GUI these days to help our industry progress and good vendors realize this. For example, Exceleras, creator of the DispoSolutions Real Estate Owned (REO), ValueSolutions Collateral Valuation and ClearView Offer Management platforms, has released another regular software update […]
Calyx Software has launched Portfolio Underwriter, an automated underwriting system (AUS) from LoanScorecard. This service is now available to Point and PointCentral clients. Portfolio Underwriter allows portfolio lenders to customize credit decisioning and safely originate non-agency loans that they intend to put on their balance sheets. Featured Sponsors: It captures a portfolio lender’s […]
Optimal Blue has partnered with Capsilon Corporation to provide a unique digital mortgage experience with highly accurate, real-time product eligibility and pricing content. Here’s the scoop: Featured Sponsors: The Capsilon digital mortgage platform leverages the power of the cloud and intelligent process automation to evolve the existing mortgage production process into a modern […]
