Ellie Mae, a provider of software and services for the mortgage industry based in Pleasanton, Calif., has announced a partnership with Mortgage Power Network to enable users of Ellie Mae's Encompass mortgage management system to access the network with one click. Ellie Mae said Mortgage Power Network, a provider of information and tools for originators, offers (among other things) ready-to-launch marketing campaigns; Encompass training videos and resources; advice on how to use YouTube and MySpace; advice from industry experts; and video market updates. "Mortgage Power Network is like having an instruction manual for virtually every facet of the mortgage industry, from specific software technologies to specific marketing campaigns," said Mortgage Power Network founder Chip Cummings. "We offer a one-stop shop for the tools and information originators need to succeed." Ellie Mae said the network is offering a new viral video customer relationship management tool that enables users to send video e-mail messages to clients and to access the contact information of anyone who receives the video. The companies can be found online at http://www.elliemae.com and http://www.mortgagepowernetwork.com.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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