Document Processing Systems, San Francisco, recently released the eDisclosures module of DPS eMortgage Studio, not the eMortgage Studio system itself, as MortgageWire incorrectly reported.The new module enables lenders and brokers to electronically deliver secure good-faith estimates and truth-in-lending documents, among others, that can be digitally signed, printed, and securely downloaded by the borrower, DPS said. It is the fourth component in eMortgage Studio, which can execute digitally signed, electronically MERS-registered loans. "With this expansion of the DPS eMortgage Studio, originators of all sizes can finally set enterprise-level standards for disclosure delivery and tracking," said DPS president Paul Rakowicz. "Now originators can assure legal compliance while also providing a simple-to-use method for delivering and tracking disclosures both online and via call centers." The company can be found online at http://www.documentprocessing.com.
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New jobs in health care largely drove the gains, while the federal workforce and finance continued to shrink.
April 3 -
Finance of America has not disclosed any incident, but a consumer filed an immediate lawsuit over a lone report of a ransomware gang's recent hack.
April 3 -
United Wholesale Mortgage lost ground to RKT in one category but held onto a healthy lead in another, an analysis of Home Mortgage Disclosure Act data shows.
April 3 -
HECM endorsements rose 16% in March to 2,117 loans, but monthly volumes remain near their slowest pace since last summer as proprietary reverse products quietly steal market share.
April 2 -
Which parties are responsible for the surge persisted as a source of debate as community lenders released updated survey data reflecting their average expense.
April 2 -
The 30-year fixed rate climbed to 6.46% this week, its highest mark since September, as mortgage applications fell 10.4% and sellers outnumber buyers by a record 46%.
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