The LSI division of Chicago Title Insurance Co. has launched the home equity component of eLenderSolutions, its Web-based point-of-sale title insurance platform, according to Chicago Title.Chicago Title, a subsidiary of Fidelity National Financial Inc., said the system is designed to expedite home equity closings by leveraging LSI's recently developed Home Equity Loan Policy to provide lenders with loan closing, ancillary product, and insurance offerings needed for same-day home equity closings. The POS tool "instantaneously delivers recordable property vesting information, tax and assessment information, and legal descriptions nationally," Chicago Title said. "Additionally, the system provides point-of-sale quotes on an individual-product or bundled-fee basis for the HELP policy, property reports, credit reports, flood certification, valuation products, mortgage tax, and recording services."
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
3h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
4h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
7h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
9h ago -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16