Phil Huff has stepped down as president and chief executive officer of eLynx, a Cincinnati-based provider of electronic document delivery systems for mortgage lenders, handing over the posts on an interim basis to Sharon Matthews.Mr. Huff, who retains his membership on the eLynx board of directors, will assist in the executive transition and support the company's sales and business development efforts, eLynx said. "Under Phil's leadership, the company has firmly secured its position in mortgage banking; acquired SwiftView [a provider of electronic document viewing software]; and established a foothold in the insurance sector," said Todd Wilson of American Capital Strategies Ltd., which purchased eLynx in 2004. The company can be found on the Web at http://www.elynx.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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