Ellie Mae Inc., a provider of mortgage technology based in Dublin, Calif., has embarked on a strategic partnership with Tallahassee, Fla.-based Multi Financial Services Co., providers of Trakker Loan Servicing Software.As a result of the agreement, Ellie Mae will feature direct integration from its Encompass Mortgage Automation System to Trakker. The integration of Encompass and Trakker responds to broker demand to service loans. Trakker Loan Servicing Software is an end-to-end system that enables companies to easily service conventional and nonconventional loans. Ellie Mae can be found on the Web at http://www.elliemae.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
6h ago -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
11h ago -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24