Tag : mortgage industry

Candor Technology Enhances Pre-Close Underwriting Efficiency and Helps Lenders and Investors Quickly Review Portfolios and Reduce Buybacks
Lending Mortgage News

Candor Technology Enhances Pre-Close Underwriting Efficiency and Helps Lenders and Investors Quickly Review Portfolios and Reduce Buybacks

PR Newswire
by PR Newswire0
Recent study of more than 500k funded loans revealed zero repurchases Candor Technology, Inc., a leading provider of automated underwriting technology and other technology-enabled solutions for the mortgage industry, announced it has completed a study of more than 500,000 funded loans and zero had repurchases. Thirteen repurchase claims were defended because the......
Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI
Lending Mortgage News

Finastra’s Filogix Unveils Automated Lender Note Capabilities, Powered by Gen AI

PR Newswire
by PR Newswire0
The function automates the creation of borrower narratives (notes) that aids in lender underwriting – streamlining processes, saving time and minimising errors for brokers. Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation......
Wolters Kluwer Expert Points to Potential Risks 2023 Bank Failures Pose for Non-bank Lenders
Compliance management News Risk Management

Wolters Kluwer Expert Points to Potential Risks 2023 Bank Failures Pose for Non-bank Lenders

Business Wire
by Business Wire0
Kevin Wilzbach also notes fair lending practices likely to be under increased focus After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects. Those impacts may include closer regulatory scrutiny for both traditional and non-bank......
Xactus Announces the Next Generation of Its Proprietary Technology Platform, Xactus360
Mortgage News

Xactus Announces the Next Generation of Its Proprietary Technology Platform, Xactus360

PR Newswire
by PR Newswire0
Helps Lenders Streamline Workflows, Create Efficiencies with Single Login to Access Mortgage Credit and Pre-Qualification Reports Xactus, the leading verification innovator for the mortgage industry, announced the next generation of its proprietary technology platform, Xactus360, further modernizing the mortgage process for lenders. Xactus360’s game-changing features allow lenders to improve workflows......
PrimeLending Promotes Kelly Lee to Western Divisional Manager
Lending Mortgage News

PrimeLending Promotes Kelly Lee to Western Divisional Manager

Fintech News Desk
by Fintech News Desk0
National home lender, PrimeLending, a PlainsCapital Company, is proud to announce Kelly Lee has been promoted to EVP, Divisional Manager with responsibility for loan origination production in the western third of the country. Lee joins Central Divisional Manager Al Velasco and Eastern Divisional Manager Karen Blakeslee as the national production leaders......
Mortgage Connect Announces Acquisition of ADFITECH
Mortgage News

Mortgage Connect Announces Acquisition of ADFITECH

Fintech News Desk
by Fintech News Desk0
Purchase Accelerates Company’s Capital Markets Offerings and Expands Quality Control Solutions for Its Mortgage Origination and Servicing Divisions Mortgage Connect LP, a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers, formally closed a deal today for the purchase of ADFITECH, Inc. “We will continue strategic......
Infrrd and Apps Run the World Release Study About Impact of Intelligent Document Processing Solutions
Mortgage News

Infrrd and Apps Run the World Release Study About Impact of Intelligent Document Processing Solutions

Fintech News Desk
by Fintech News Desk0
Findings Reveal IDP Adoption the Most Significant Development in Mortgage Industry; Addresses Trillion-dollar Industry’s Emergent Need for AI-led Transformation Infrrd, a leading provider of Intelligent Document Processing (IDP) solutions, and Apps Run the World, a leading technology market research company devoted to the applications space, announced the release of a study......
LoanSnap Taps Advantage Systems to Automate Accounting Workflows
Mortgage News

LoanSnap Taps Advantage Systems to Automate Accounting Workflows; Fully Implemented Within 60 Days

Fintech News Desk
by Fintech News Desk0
Advantage Systems, a provider of accounting and financial management tools for the mortgage industry, announced that California-based LoanSnap Inc. has selected and successfully implemented its mortgage accounting automation solution, Accounting for Mortgage Bankers (AMB), including the AMB Sierra dashboard and reporting capabilities for both branch users and executives. “As an innovative, modern......
Incenter Adds Mortgage Due Diligence and Document Management to its Offerings through Edgemac
Mortgage News

Incenter Adds Mortgage Due Diligence and Document Management to Its Offerings through Edgemac

Fintech News Desk
by Fintech News Desk0
From Origination to Securitization, Edgemac Services Enable Mortgage Industry Participants to Better Evaluate Assets and Mitigate Risk Building on its mission to improve the performance of the mortgage industry, Incenter LLC has added Edgemac to its family of 11 companies. “I’m thrilled to collaborate with likeminded leaders who share a strong commitment......
CIVIC Financial Services’ Quarterly Mortgage Production Soars as Mortgage Industry Volume Slumps
Mortgage News

CIVIC Financial Services’ Quarterly Mortgage Production Soars as Mortgage Industry Volume Slumps

Fintech News Desk
by Fintech News Desk0
Industry forecast has 30% Q4 drop for U.S. originations while non-agency lender soars 60% While originations for the overall mortgage sector declined during the fourth quarter of 2021, CIVIC Financial Services, a leading institutional private money lender providing financing to real estate investors, reported its mortgage production shot up nearly 60%......
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