Clayton Holdings Inc., a provider of information and analytics to the banking and fixed-income securities markets, has announced the acquisition of Mortgage Resource Network, a Dallas-based provider of outsourced mortgage origination support and pre-close due diligence services.The terms of the deal were not disclosed. Clayton noted that the acquisition expands its presence in the mortgage services sector. MRN provides turnkey front-end fulfillment, imaging, contract underwriting, closing, funding, and investor delivery services required by mortgage originators and warehouse lenders. In addition, MRN provides post-transaction and servicing transfer support services, including trailing document management and MERS research and registration. Clayton, based in Shelton, Conn., can be found online at http://www.clayton.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18