Tag Archives: Company News

Radian Guaranty Inc. announced a complete integration with Mortgagebot to include Radian mortgage insurance in its loan origination system (LOS).

Smithfield & Wainwright is teaming up with Marshall & Swift/Boeckh to launch a new, automated solution for evaluating properties and resulting portfolios of mortgage loans. Releasing the Residential Asset Monitoring (RAM) module, the companies' initiative will give banks and lenders a more comprehensive, "forward-looking" method for assessing the value of residential real estate and, ultimately, their portfolio health and compliance procedures.

LendingTree, LLC, a subsidiary of the North Carolina-based Tree.com, announced it has reached a settlement in its patent infringement lawsuit against Internet marketing company QuinStreet, Inc. The lawsuit concerned LendingTree's patent relating to coordinating loans over the Internet.

Despite significant current challenges in the reverse mortgage market, American Financial Resources, Inc., recently rolled out a full range of related loan products. Based in Parsippany, New Jersey, AFR Mortgage will launch the new initiative in the company's home state, giving borrowers who are over the age of 62 access to the specialty loans.

Wingspan Portfolio Advisors, based out of North Texas, has been recognized as one of the fastest-growing companies in the area, the company announced. Wingspan was one of the top two recipients of the Dallas 100 Awards, marking it as the second fastest-growing privately held company in the Dallas Metroplex.

The FDIC and the Financial Crimes Enforcement Network (FinCEN) announced the assessment of $15 million in penalties against the First Bank of Delaware in Wilmington for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws and regulations.

Douglas Elliman is abiding by an old adage, proving that everything old is new again by adopting the company's original name. The announcement of the firm's revamped identity accompanies other updates for Douglas Elliman, including the recent launch of AskElliman, a new consumer-facing platform, and the relaunch of the company's lifestyle publication.

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of the Philadelphia-based Radian Group Inc., announced that it will now provide MI on loans within the HarmonyLoan platform.

NewDay USA, LLC, announced it is packing up and moving its Maryland office into a new 60,000 square foot facility to better support the launch of NewDay USA University, an educational and training center created for new and established mortgage banking professionals.

Capsilon's revenue in this year's third quarter was double that of the same period last year, the company announced. The San Francisco-headquartered provider of cloud-based document sharing, imaging, and collaboration solutions for mortgage lenders reported its revenue for the first nine months of 2012 is also double that of the first three quarters of 2011.