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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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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