Calyx Software has previewed point 6.0, the first version of its software to include mortgage banking specific functionality, at the MBA Mortgage Technology Conference in Tampa.Calyx said it plans to release Point version 6.0 in the summer, with the new banking solution added to the origination suite at no additional cost. The upgrade includes 12 new screens that provide report and status data for activities from underwriting through loan sales and trailing document management. Calyx said the added functionality eliminates the need to use multiple systems when funding and selling loans.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
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Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
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Newrez expects significant expense reductions from AI partnerships with HomeVision and Valon, as executives rule out mergers and a Rithm spinoff amid strong Q1 earnings.
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More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, according to a new report.
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