DRI Management Systems Inc., a provider of default management software based in Newport Beach, Calif., and Artemis Enterprises LLC, Chicago, announced an alliance at the Mortgage Bankers Association convention that offers single-source access to process and information management technology.Mutual clients will gain "substantial cost saving benefits" through time efficiencies and reduction in the risk associated with untimely and inaccurate communication errors, the companies said. "The combination of process and cross-enterprise contact and content data management has never been offered in this industry before," said Mary Hunter, president and chief executive officer of Artemis. The companies can be found on the Web at http://www.dridefault.com and http://www.artemisinfo.com.
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Under the proposed rule, the definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.
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Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.
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The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.
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The changes provide standardized appraisal guidance in advance of a mandatory compliance date to a new reporting format in November this year.
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Provident Bank says My Mortgage used a $10 million line of credit to fund dozens of ineligible, dilapidated properties and sold them to their own employees.
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OneTrust Home Loans says its employees secretly used Floify to funnel loans to brokerage E Mortgage Capital, which were then funded by the wholesale giant.
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