Collateral Analytics, a provider of comprehensive automated valuation solutions and real estate analytic products for the financial services and real estate industry, recently announced that it has joined Real Estate Data Protection Legal Association (REDPLAN).
Read More »Freedom Mortgage Acquires BluFi Lending
Freedom Mortgage Corporation has purchased the assets of BluFi lending, a direct mortgage lender with branches in California and Nevada. Under the terms of the agreement, BluFi's five branches will be rebranded as Freedom Mortgage.
Read More »Mercury Network Waives Fees for Tornado-Impacted Properties
Responding to recent tornadoes, Mercury Network will waive the transaction fees for disaster reports in all impacted areas. Fees will be waived for 90 days. Mercury Network is a cloud-based vendor management software platform used by over 600 mortgage lenders and appraisal managements companies.
Read More »Applied Business Software Introduces New Servicing Software
Applied Business Software (ABS) recently released a new loan servicing software, The Loan Office, which is specifically designed for smaller lenders who need a powerful, yet affordable, solution for managing loans.
Read More »Genworth Insurance Helps 150,000 Borrowers
Almost 150,000 homeowners in the United States were helped by the Homeowner Assistance team at Genworth Mortgage Insurance (MI), the Raleigh, North Carolina-based unit of Genworth Financial.
Read More »IDS Sees Significant E-Signature Adoption in 2013
Mortgage document preparation vendor International Document Services (IDS) announced more than half of all document packages processed by the company in 2013 were signed electronically.
Read More »Collateral Analytics Launches New Credit Risk Model
Collateral Analytics, a provider of automated valuation solutions and real estate analytics products for the financial services industry, announced recently it has launched the CA Credit Risk Model. The new patent pending product is designed to offer quantitative measures of the risk and cost of potential borrower default in a residential mortgage.
Read More »Guild Mortgage Continues Texas Expansion
As part of an ongoing expansion effort throughout the Lone Star state, Guild Mortgage Co. has opened a new branch in Rockwall, Texas. The company continues to expand, further growing its footprint since entering Texas in 2011.
Read More »Mortgage Contracting Services Announces 90-Job Louisiana Expansion
Mortgage Contracting Services' (MCS) CEO Caroline Reaves and Louisiana Governor Bobby Jindal announced Tuesday the company will create 90 new jobs in Ruston, Louisiana while doubling the size of its business process outsourcing center to more than 20,000 feet.
Read More »$60M Residential Loan Portfolio Sold through MountainView
MountainView Capital Group, a residential whole loan transaction advisor in Denver, Colorado, announced the closing of a deal involving a portfolio of residential mortgage loans with a total unpaid principal balance of approximately $60 million. The seller was listes as ResCap Liquidating Trust, and Mountainview served as ResCap’s loan sale advisor.
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