As of Wednesday, Fannie Mae has blanket delegation of authority on behalf of all servicers from CMG Mortgage Insurance Company.
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Ameriprise Financial Launches Home Ownership Accelerator Loan
Ameriprise Bank, FSB, has partnered with CMG Financial Services, Inc., to launch the Ameriprise Home Ownership Accelerator loan product. Replacing a traditional mortgage with a combination of a home equity line of credit and a checking account, this new home financing option can help a borrower use idle cash to reduce interest costs and pay off the loan years early, Ameriprise explained.
Read More »SigniaDocs Announces Automated Process for Warehouse Lending
SigniaDocs, a national eMortgage solutions provider, has developed an automated system for warehouse lending. The company says with its technology, the entire warehouse lending process, from origination to investor purchase and replenish of the warehouse line, is complete within a couple of days, compared to the typical 14 days in the paper world.
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