Empire Equity Group Inc., Montvale, N.J., has embraced Web-based technology by licensing Dublin, Calif.-based Ellie Mae's Encompass Anywhere product for its origination needs.When the deployment is complete by the end of the first quarter, all Empire branches will have switched to Encompass Anywhere from their current loan origination systems, the company said. The Web-enabled mortgage automation system allows Empire branches to view, manage, and distribute loan data electronically via any Internet connection. The company is seeking to simplify compliance oversight with the product as well. Ellie Mae can be found on the Web at http://www.elliemae.com.
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Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
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Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter.
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The government-sponsored enterprise recorded $98.7 billion in single-family loan acquisitions to begin the year, including over $43 billion in refinances.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
April 28








