David Jensen has been named chief financial officer of DocuTech Corp., an Idaho Falls, Idaho-based provider of compliance services and documentation technology for the mortgage industry.Mr. Jensen has more than 30 years of accounting and financial management experience, DocuTech said. Before joining the company, he served as CFO for Idaho Falls-based Walker Produce, Walker Farms, and McNeil Development, and he held executive posts at other companies. DocuTech can be found online at http://www.docutechcorp.com.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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