Milwaukee-based eMagic.com has formed a strategic alliance with WellFound Decade, Jacksonville, Fla., to allow users to integrate the eMagic portal and their back-end systems.WellFound created a custom interface to eMagic to make it possible for users to integrate their back-end loan origination system with eMagic's portal of third-party services, eMagic said. The integration was conceived to create a more seamless end-to-end approach where information flows between the two systems without the need for rekeying, eMagic said. The companies can be found on the Web at http://www.wellfounddecade.com and http://www.emagic.com.
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While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
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