ARC Systems, a provider of decisioning technology based in Austin, Texas, has announced a partnership with the National Credit Reporting Association under which the NCRA and its Atlanta-based joint venture, CDS Mortgage Reports Inc., will offer a preferential connection to ARC Systems.ARC Systems said new interfaces built into its LendTech and Loan Finder Express products will provide access to more than 150 credit reporting agencies. NCRA members will have direct access to a portal that provides a connection to ARC Systems clients who want to obtain credit reporting services. "The new program is a great example of the classic win-win, as ARC Systems' customers, and the consumers they serve, can now obtain access to a network of credit reporting agencies known for the best customer service in the industry in the most cost-effective manner," said Terry Clemans, executive director of the Bloomingdale, Ill-based NCRA. ARC Systems can be found online at http://www.arcsystems.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25