Wayne, Pa.-based GHR Systems recently hit a milestone when its BrokerOneSource portal surpassed the 10,000-registered broker threshold.BOS is an online mortgage origination marketplace that connects wholesale lenders with mortgage brokers. Participating lenders use the site to approve new brokers, distribute their product and pricing information to more brokers, and obtain electronic loan applications. Participating brokers can become approved with new lenders, use the BestFit Loan Search capability to find lenders with eligible products, submit loans to lenders for approval, and order a variety of third-party services. GHR can be found on the Web at http://www.ghrsystems.com or http://www.brokeronesource.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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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 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24