Appintell Inc., St. Louis, has expanded its strategic partnership with Dublin, Calif.-based Ellie Mae.As part of the agreement, Appintell compliance offerings within Ellie Mae's ePASS Web transaction portal will be accessible to users that have Genesis 2000, Contour, Encompass, and other loan origination systems. These users will now have a direct interface with AppIntell's High Cost Loan Filter and PredProtect anti-predatory-lending compliance solutions through ePASS (Electronic Pricing and Submission System). To access HCL and PredProtect, users will use links in the ePASS additional vendor services section. The Appintell solutions provide full annual-percentage-rate and points/fees threshold calculations, plus additional jurisdiction-specific tests to determine compliance with applicable laws. Appintell can be found on the Web at http://www.appintell.com.
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The Long Island-based bank hasn't been profitable in eight quarters, but executives maintain that it's on the right path, citing more loan book diversity, lower expenses and an improved margin.
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This is the second acquisition deal Old Republic has been involved in this year, after selling its title production business in January.
October 23 -
While expectations that another federal rate cut is on the way next week, other economic trends may be having a larger influence on mortgage lending.
October 23 -
Home loan players are diverting technology budgets to cover back-office operations, after big spending in a downcycle, counter to historical patterns.
October 23 -
Decreased homeowner equity corresponds to recent declining prices reported by leading housing researchers, but tappable amounts still sit near record highs.
October 23 -
In addition, John Roscoe and Brandon Hamara have been appointed co-presidents at the government-sponsored enterprise, effective immediately.
October 22





