Carteret Mortgage will deploy credit analysis technology to all its 300 branches to raise the bar on doing quality originations.Specifically, Carteret will use Market Kinetix's patent-pending credit analysis software solution Deal Maker Score. The application provides step-by-step directions to raise a borrower's credit score. A mortgage originator downloads the borrower's credit findings to the product, and the program produces a customized set of recommendations, which show a borrower how to raise their credit score by the target number of points designated by the loan officer. Carteret can be found on the Web at http://www.CarteretMortgage.com.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
August 11 -
Homeowners won't trade in their cheap mortgages so lenders keep finding other ways to reach that equity. Bond buyers keep showing up.
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