Dexma Inc., Edina, Minn., has hired Tim Anderson away from DocuTech, where he held the title of executive vice president.As Dexma's EVP for business solutions, Mr. Anderson will focus on new business initiatives. "This is a huge win for Dexma, because Tim is very well-respected and connected in the mortgage industry," said Dexma's Steve Mase. Mr. Anderson recently received Mortgage Technology magazine's prestigious Steve Fraser award for his work in building the eMortgage Alliance, which brings together companies that support the standards put forth by MISMO (the Mortgage Industry Standards Maintenance Organization, established by the Mortgage Bankers Association). Dexma is a member of MISMO. Mr. Anderson has held executive management positions with a number of companies in the industry, including Ignition Mortgage Technology Solutions, Home Advisor Technologies, HomeSide Lending, Cybertek Systems, and Alltel Information Management Services. He has served on the advisory boards of Fannie Mae, Freddie Mac, and Microsoft and has also served as a member of the MBA's Residential and Technology Committee and MISMO.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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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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