Dorado Corp., a mortgage technology provider based in San Mateo, Calif., has entered a strategic alliance with First Canadian Title.Under the agreement between the two companies, First Canadian Title will be the exclusive distributor of Dorado's Enterprise Lending System to mortgage lenders and banks in Canada, and the Canadian company will not distribute any other companies' loan origination technology. "Dorado's on-demand loan origination technology is a complementary component to Canadian Title's end-to-end integrated lending solution," said David Wybrow, senior vice president of First Canadian Title.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
7h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
11h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24