Seattle-based Keystroke Technology Solutions has announced the release of Key2Decisionware, a point-of-sale automated underwriting tool that incorporates lenders' programs, pricing, stipulations, conditions, and policies -- plus messaging and best-fit analysis. The company said Key2Decisionware allows lenders to maintain their available loan programs, full eligibility rules, and pricing adjustments in real time without the use of information technology personnel. The system's component-based, standards-compliant design lets lenders augment their legacy systems instead of replacing them. "With today's rapidly changing market conditions, lenders need and want the ability to respond rapidly and in accordance with their business strategies," said Michael Hart, Keystroke's president and chief executive officer. "Key2Decisionware provides the tool they need to manage their business effectively." The company's website address is http://www.keystroke.com.
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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
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Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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