Del Mar Database, a unit of Fiserv Inc., has announced the introduction of SourceTrac, a customizable consumer-direct lending portal that allows lenders to provide better customer service to borrowers and improve lead generation capabilities.SourceTrac is integrated with DataTrac, Del Mar's flagship product, the company announced at the Mortgage Bankers Association annual convention in Chicago. The company said SourceTrac enables small to medium-size lenders to compete for business against larger, more technologically sophisticated lenders. The portal can be used for online mortgage loan applications and for communicating with borrowers during the loan process. The company can be found online at http://www.delmardb.com.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
April 28 -
Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
April 28 -
Newrez expects significant expense reductions from AI partnerships with HomeVision and Valon, as executives rule out mergers and a Rithm spinoff amid strong Q1 earnings.
April 28 -
More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, according to a new report.
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