Paradatec, Inc., based in Cincinnati, Ohio, announced Thursday its WriteUCD module has been verified as a technology integration vendor for Freddie Mac’s Loan Advisor platform as it satisfies the requirements of the GSE’s Uniform Closing Data files. A provider of optical character recognition solutions, Paradatec’s WriteUCD takes data from mortgage closing disclosure documents “in mere seconds per page” and then transfers it to the new required format. In fact, Paradatec claims to provide “quick and accurate identification of over 500 unique documents in the typical mortgage file,” and it is adapting to new industry standards.
Read More »Can’t Stop It Now
As summer heats up, so is the housing market. According to the most recent Fannie Mae Home Purchase Sentiment Index (HPSI), more and more Americans feel it is ...
Read More »Just a Little to the Left…
Though the concept of home staging is by no means new, not all decorating endeavors have the same impact. Learn where successful sellers’ agents put their budgets.
Read More »Adapting to Change
Mat Ishbia, President and CEO of United Wholesale Mortgage, spoke with MReport on how mortgage lenders and brokers can adapt to the changing climate. According to Ishbia, the industry is not in the same place it was just five years ago, and drastic changes are sure to continue into the coming years. How has wholesale mortgages changed, and what can we expect in the future?
Read More »Financial CHOICE Act to Move to Full House Vote
Following a contentious hearing earlier this week, the Financial Services Committee voted to move forward with the Financial CHOICE Act to a full House vote. The Financial CHOICE Act "ends taxpayer-funded bank bailouts, and unleashes America’s economic potential," said FInanical Services Committee Chairman Jeb Hensarling.
Read More »Mortgage Rates Dip as All Eyes on Fed
On Wednesday, the Federal Open Market Committee (FOMC) will hold its monthly meeting—and in anticipation mortgage rates for both 30-year and 15-year fixed-rate loans, as well as 5/1 ARMS, dropped. While market watchers do not anticipate policy changes to come out of this month’s meeting, in light of last month’s interest rate hike it seems as if that is not enough to ebb the pre-meeting caution the market is experiencing. Though interest rates may not rise this month, the Fed has forecasted four hikes this year.
Read More »Mortgage Cadence Introduces Collaboration Center
Earlier this month, Mortgage Cadence acquired BeesPath Inc.’s ClosingBridge platform, now branded as Collaboration Center. Currently the platform will be offered as a standalone product, but in the future will be fully incorporate into Mortgage Cadence’s platform.
Read More »LRES Appoints Chief Strategy Officer
Orange County, California-based LRES has named Mark R. Johnson as Chief Strategy Officer. LRES provides residential and commercial mortgage services including valuations, REO asset management, and HOA and technology solutions.
Read More »Assurant Names New Managing Director
Fortune 500 company Assurant, Inc., has named Jerry Rowell as managing director of Assurant Field Servicers, under the Mortgage Services Group.
Read More »STRATMOR Gives LendingQB High Marks
According to STRATMOR Group’s Technology Insights survey, LendingQB, a provider of a web-based loan origination system (LOS) based in Costa Mesa, California, has received high marks for vendor satisfaction and customer support.
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