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Tag Archives: Processing

Report: Majority of Lenders Putting Financial Data at Risk

As companies like Target and Michaels Stores continue to take a drubbing over high-profile data breaches, a report from cybersecurity firm HALOCK Security Labs suggests mortgage lenders may not be doing enough to protect applicants' sensitive financial data. After investigating practices at 63 lenders of varying size, HALOCK found more than 45 companies (70 percent) permitted applicants to send personal and financial information through unencrypted email attachments.

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Total Mortgage Rebrands Wholesale Division

In Connecticut, Total Mortgage Services' wholesale division is relaunching with a re-energized focus--and a brand new name, the company announced. Formerly known as TMS Funding, the division is now operating as Total Mortgage Wholesale.

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Churchill Mortgage Recruits Compliance Trainer

New

To address concerns related to January's wave of regulations and ensure potential homebuyers still receive the service they're looking for, Churchill Mortgage has recruited a new full-time compliance trainer: Seth Trimble.

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ValuTrac Appoints VP of Sales

New

ValuTrac, a software solutions company catering to the appraisal management and mortgage lending industry, hired Hank Pruett as VP of sales. Pruett has nearly 25 years of experience in appraisal management, title issues, and client relations and is knowledgeable in all types of appraisals, both residential and commercial.

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