Advectis Inc., Alpharetta, Ga., has released BlitzDocs Collaboration Suite, an application that provides a collaborative network for mortgage brokers, correspondents, lenders, investors, and other third parties.The product line includes BlitzDocs Enterprise, BlitzDocs Deliver, and BlitzDocs Connector. BlitzDocs Enterprise provides lenders with electronic document collaboration, enabling all participants in the mortgage industry to capture, submit, organize, underwrite, audit, share, and archive loan documents electronically, the company said. BlitzDocs Deliver enables investors or correspondent buyers to provide their correspondent sellers with the ability to transmit closed loan documents electronically. Advectis can be found on the web at http://www.advectis.com.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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