Del Mar Database, San Diego, has released DocumentTrac, an electronic document management system that is integrated with DataTrac, the firm's automated back-office processing system.DocumentTrac makes it possible for lenders to electronically image, archive, retrieve, and distribute all paper documents associated with a loan file to an investor or other party, the company said. Through DocumentTrac, originators (including loan officers and brokers) can electronically submit documents associated with a loan file via fax, scanner, file upload, or print functions. Del Mar can be found on the Web at http://www.delmardb.com.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
2h ago -
The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
3h ago -
The plan that the Federal Housing Finance Agency floated calls for Freddie Mac to actively invest in some new closed-end seconds as cash-out refinancing subsides.
6h ago -
The push comes amid what one expert highlighted as lax funding efforts for two Department of Housing and Urban Development grant programs.
7h ago -
Conventional lending drove volumes higher, particularly in the purchase market, the Mortgage Bankers Association said.
April 17 -
Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.
April 16