Dynatek Inc., Livonia, Mich., has completed a system-to-system plug-in for Freddie Mac's Loan Prospector.com automated underwriting system within its MORvision offering.Dynatek used the latest technology specifications available from Freddie Mac to design a plug-in that would eliminate duplicate data entry, offer increased flexibility, and allow the transfer of loans from the online version of Loan Prospector to MORvision. The improvements ultimately provide faster, more accurate underwriting responses for MORvision users, according to Freddie Mac. Dynatek can be found on the Web at http://www.dynatek.com.
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The lender, in addressing claims first raised by the Consumer Financial Protection Bureau, said its activities are protected by safe harbor provisions.
May 22 -
Copper Ridge Ventures has joint venture businesses with mortgage loan officers and real estate professionals using the same broker model as NEXA Lending.
May 21 -
VantageScore 4.0 has been incorporated into the existing processes at Rocket for both the retail and mortgage broker-facing origination businesses.
May 21 -
The pace of contract signings surged at its fastest in three years in a break from the more stagnant conditions of past home buying seasons, Realtor.com said.
May 21 -
With the 10-year Treasury yield at levels not seen in 52 weeks, the 30-year fixed rate mortgage rose 15 basis points over last Thursday, Freddie Mac said.
May 21 -
Artificial intelligence's ability to uncover and analyze granular data across large volumes of files may result in AI agents executing trades themselves, mortgage leaders said.
May 21







