Digital Docs, Dallas, launched an interactive HUD-1 solution with an embedded e-sign feature at the MBA's Secondary Market Conference and Expo in Washington, D.C.The product has the ability to interface with an originator's loan origination system to reflect last-minute changes in a loan. It also interfaces directly with Digital Docs Direct, a Web-based loan document delivery system to transmit HUD-1 changes into the closing doc. In addition, a high-cost loan and predatory calculation is embedded in the product.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
2h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
3h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
3h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
5h ago -
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