Beanstalk Networks, West Palm Beach, Fla., has announced the formation of a strategic alliance with Fiserv Lending Solutions, Lake Mary, Fla., to integrate OpenClose MTG (from Beanstalk's mortgage technology division) with Fiserv loan origination and processing software to automate lenders' wholesale operations.The integration will enable the exchange of new application data and the communication of loan status between OpenClose Wholesale MTG and UniFi PRO Mortgage eX. It will also provide for future integration with Fiserv easyLender, Beanstalk said. The agreement supplants a previous Fiserv alliance with the now-defunct OpenClose platform, for which the technology is now licensed by Beanstalk.
-
The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
2h ago -
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
3h ago -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
3h ago -
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
4h ago -
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
4h ago -
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
5h ago









