Associated Software Consultants Inc., Middleburg Heights, Ohio, has announced the launch of PowerSeller GPS, a system designed to help small to mid-tier mortgage bankers and brokers increase profits in their secondary-marketing operation.PowerSeller GPS provides tools for managing pipeline and investor commitments and allows originators to capture key data elements to verify that loans are properly priced and ensure that investors are funding loans correctly. The system offers special features to enable mortgage brokers to monitor best-effort marketing activities by gathering information needed to determine the costs and benefits of switching a product line from a best-effort commitment approach to a mandatory trading model, the company said. By offering several features available in the company's comprehensive PowerSeller system, PowerSeller GPS allows small to mid-tier bankers and brokers to take advantage of numerous benefits without having to purchase an upfront license, the company said. Associated Software Consultants can be found online at http://www.asconline.com.
-
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.
2h ago -
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.
2h ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
4h ago -
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24