Melville, N.Y.-based American Brokers Conduit has launched a website that offers mortgage brokers a new set of tools and resources that allow them to manage the loan process online from locking to pipeline status.In addition, marketing materials can be individually customized for brokers to use for customer retention purposes, the company said. ABC, the wholesale division of American Home Mortgage Investment Corp., a mortgage real estate investment trust, is the 13th-largest mortgage wholesaler lender in the nation. At the end of the first quarter, ABC had a network of over 8,000 wholesale brokers, an increase of over 40% since the end of the fourth quarter and up from 2,839 brokers at the beginning of 2004. The new website can be found at http://www.abconduit.com.
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The lender, in addressing claims first raised by the Consumer Financial Protection Bureau, said its activities are protected by safe harbor provisions.
May 22 -
Copper Ridge Ventures has joint venture businesses with mortgage loan officers and real estate professionals using the same broker model as NEXA Lending.
May 21 -
VantageScore 4.0 has been incorporated into the existing processes at Rocket for both the retail and mortgage broker-facing origination businesses.
May 21 -
The pace of contract signings surged at its fastest in three years in a break from the more stagnant conditions of past home buying seasons, Realtor.com said.
May 21 -
With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.
May 21 -
Artificial intelligence's ability to uncover and analyze granular data across large volumes of files may result in AI agents executing trades themselves, mortgage leaders said.
May 21







