Loan origination vendor Dynatek Inc., Livonia, Mich., has been certified for automated underwriting systems by the Mortgage Industry Standards Maintenance Organization.The AUS certification is only weeks old, and Dynatek is the first company to receive AUS certification under the MISMO MXCompliance Program. Specifically, Dynatek's MORvision was certified for AUS version 2.3.1. Since launching the MISMO eXtensible Markup Language Compliance program (dubbed MXCompliance) for the credit reporting transaction last spring, MISMO has rolled out requirements for mortgage insurance application transactions and now AUS transactions. Dynatek was one of the first to earn certification for credit in October 2005, followed by MI in January 2006. Dynatek can be found on the Web at http://www.dynatek.com.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
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Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
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