Patrick Hartford, senior business analyst for VMP Mortgage Solutions Inc., St. Cloud, Minn., has been named vice chairperson of the Mortgage Industry Standards Maintenance Organization's eMortgage Workgroup.Mr. Hartford was elected to the one-year post by the work group, which consists of more than 60 individuals from key industry organizations. The company said Mr. Hartford has become an "influential voice" on matters related to electronic mortgages. He has led classes on e-mortgage technology for the Mortgage Bankers Association's CampusMBA, and has been a contributor to the eMortgage Workgroup since joining soon after it was established in 2001. The work group was created by MISMO to develop a fully electronic mortgage.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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