Ellie Mae Inc., Dublin, Calif., has entered into a strategic partnership with San Francisco-based ComplianceEase that will allow the integration of ComplianceEase's automated compliance systems into Ellie Mae products such as the ePASS Web transaction platform and Ellie Mae Document Services.Combining the offerings of ComplianceEase's automated loan origination compliance tool PredatorAnalyzer with Ellie Mae's ePASS (Electronic Pricing and Submission System) platform, lenders can efficiently integrate PA with their existing loan origination systems, the companies said. Ellie Mae said its ePASS technology connects the majority of third-party mortgage originators with their wholesale lenders and settlement service providers, enabling all parties to be more efficient while securely delivering data -- on over 1.4 million loans in the first quarter alone. Ellie Mae can be found online at http://www.elliemae.com, and ComplianceEase, a division of LogicEase Solutions Inc., can be found at http://www.complianceease.com.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
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Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
April 29 -
President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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