Touting itself as only the second vendor to do so, Data-Vision Inc. has announced the creation of a new interface with Freddie Mac's Loan Prospector to create integrated automated underwriting for consumer-facing mortgage websites.The solution is being offered on an application-service-provider basis to Data-Vision's 200 lender customers. The Mishawaka, Ind.-based company said lenders using its LoanQuoter.com can let consumers know in seconds whether their mortgage loan is approved before entering borrower data into the lender's loan origination system. Data-Vision can be found on the Web at http://www.d-vision.com.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
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