Arlington Capital Mortgage Corp., Bensalem, Pa., has picked Archive Systems' ASPEN 360 Software-as-a-Service system to create a central repository to give its branches online access to loan documents.The SaaS system means Arlington will require no software, hardware, or infrastructure to use the system. Arlington Capital personnel will scan and upload loan documents via ASPEN 360's Scanning Gateway technology. Arlington will also use the system to provide direct access to investors looking to purchase loans. Fairfield, N.J.-based Archive Systems provides DPO (document process outsourcing) services. The companies can be found online at http://www.thinkarlington.com/ac and http://www.archivesystems.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
10h ago -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
10h ago -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
11h ago -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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