Oklahoma City-based a la mode inc. and Dynatek Inc., Livonia, Mich., have announced plans for the joint development of a software plug-in that would connect Dynatek lender clients to a la mode's Mercury Network.Real estate appraisers subscribe to the network to connect electronically to more lender clients while using report form-filling software, the companies said. During the design phase, Dynatek and a la mode said they will develop and test technology that allows appraisers to use their favorite form-filling software, regardless of brand, while connecting seamlessly with Dynatek software users. "Addressing these workflow issues is an important part of providing a higher-quality product with shorter turnaround times for our clients," said Craig C. Backus, a business analyst with Dynatek.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
April 30 -
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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