The latest version of LoanQuoter, the online origination service of Mishawaka, Ind.-based Data-Vision, will automatically feed back the Desktop Underwriter stipulations complete with a brandable website and recommendations on how to proceed.The new online tool also uses Fannie Mae's revised 1003 application. In addition, it includes action log viewing, greater control via more drop-down menus, increased system variables, and enhanced broker or correspondent upload functionality, the company said. Data-Vision made the announcement at the Mortgage Bankers Association's annual convention in Orlando, Fla. The company can be found on the Web at http://www.d-vision.com.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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