Data-Vision Inc. has signed a non-binding letter of intent to purchase all or substantially all of the operating assets of Netupdate Inc., a Web-based point-of-sale technology provider. No sale price was disclosed. Netupdate is a wholly owned subsidiary of Most Home Corp., a national provider of online customer service solutions for the mortgage and real estate industries. The acquisition of Netupdate http://www.netupdate.com will strategically advance the accessibility and quality of Data-Vision's integrated Internet lending technologies. Data-Vision's goal is to come to market with a suite of Web portal and e-lending solutions, complete with capabilities such as online origination, point-of-sale, lead capture, instant decisioning, product selection, initial disclosures and secure electronic document delivery. Data-Vision can be found on the Web at http://www.d-vision.com.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
July 24 -
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
July 24 -
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
July 24 -
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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