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 agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25