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Author Archives: Mike Albanese

Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.

Risk Management Solution Provided by Oversight Platform

Vendorly, a vendor oversight platform for financial institutions, is providing NTFN with a third-party risk management (TPRM) solution to maximize the company’s TPRM processes and minimize the risk presented by their large network of third-party vendors.  Through the Vendorly solution, ...

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Dorian Could Bring Losses of More Than $1B

hurricane storm surge

Insurance Business America reports that insured losses from Hurricane Dorian in the U.S. could be between $500 million and $1.5 billion, according to estimates from analytics firm RMS.  The projection represented insured losses associated with wind and storm-surge damage, as ...

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Lockbox Manufacturer Partners With Real Estate Brokerages, Agents

VaultLOCKS, the electronic and mechanical lockbox manufacturing division of MFS Supply, has announced the integration of its electronic lockbox, eLockbox, with Schedulock, a provider in showing management systems for real estate brokerages and their agents in the Greater Toronto Area.  ...

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Global Fears Spark Increase in Mortgage Rates

Freddie Mac’s latest Primary Mortgage Market Survey shows that the 30-year fixed rate mortgage rose to 3.56%.  Despite the increase, this is the first time the 30-year fixed rate mortgages have been under 3.6% for more than four-consecutive weeks since ...

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Lender, Wholesaler Announce Integration

Plaza Home Mortgage, Inc., a wholesale and correspondent mortgage lender, has announced new integrations with Calyx Wholesaler MarketPlace that are designed to create an even more seamless experience for brokers using this portal.  Specifically, Plaza Home Mortgage will be the ...

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Ginnie Mae, NewDay USA Reach Agreement on VA Loans

veterans

NewDay USA, one of the nation's largest VA mortgage lenders serving veterans and servicemembers, has been approved as a Ginnie Mae Servicer Seller for VA loan production. NewDay is currently approved to issue Ginnie Mae I and II securities for ...

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