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Tag Archives: Company News

NAMFS Updates Online Remediation Platform

Adding to an innovative new remediation platform it launched in May, the National Association of Field Mortgage Services announced key additions that propose to enhance the speed and ease in field services.

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Zillow Expands Database of Homes

The real estate information marketplace Zillow has expanded its database of homes, leveraging user-submitted data to add more than 25 million new home valuations generated from the company's proprietary Zestimate algorithms, which are Zillow's own market value estimates based on various details available about individual properties. The company says it now has data, Zestimates, and Rent Zestimates on more than three-quarters of all homes in the United States.

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Franchise Program Allows Brokers to Stay in Business

The innovative franchise system launched by a mortgage company may enable mortgage brokers to go into business for themselves and earn additional compensation in an industry recently beset by tough new compensation rules. LenderCity, a Missouri-based company, recently announced its completion of a Uniform Franchise Disclosure Document (UFDD), which will allow licensed brokers running businesses to retain their financial independence and access back-end services without losing their identities.

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Fiserv and Dollar Bank Consolidate Consumer Loans

Dollar Bank, one of the nation's largest mutual savings banks, is teaming up with Fiserv, Inc. to institute a single online platform that streamlines all of the bank's borrower loan information. Fiserv's online, real-time servicing solution consolidates borrower information for banks, credit unions, and investors. The company says by pooling all of Dollar Bank's consumer loans onto one servicing platform, the lender can realize additional cost savings and better serve its customers at the same time.

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PSM Holdings, Brookside Sign Merger

PSM Holdings, Inc. has agreed to merge its mortgage banking arm with Oklahoma's Brookside Mortgage, LLC, forming a new entity that the parent company will manage under a wholly owned subsidiary. The merger serves as the next step in a broader expansion strategy by PSM Holdings, which it began in 2010 by acquiring another Oklahoma-based mortgage banking company, CBB, Inc., and continued by acquiring UCMC in February this year.

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Zillow Releases New Mobile App

Homebuyers can now review the latest mortgage loan quotes right from their phone for loan shopping on the go. On Tuesday, Zillow released a statement publicizing the launch of its newest innovation: a mobile app that allows iPhone users to navigate the mortgage market and receive the latest custom quotes from lenders and mortgage bankers, with tools to determine the amount of their monthly payments and decide whether refinancing packages would make sense for their homes.

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