Entyre, a provider of Web-based mortgage closing systems, and LandAmerica OneStop, a provider of Web-based real estate transaction services, have announced a partnership under which they will create a "dynamic HUD" form for mortgage closings.Under the partnership, Moon Township, Pa.-based LandAmerica will integrate its closing applications with the eMortgage-X4 system of Ann Arbor, Mich.-based Entyre to create the HUD form. For the first time, all the information needed for a final HUD form (required for mortgage closings) will reside in one system, eliminating the need for duplicate data entry and labor-intensive post-closing reviews, the companies said. The dynamic HUD form "will allow us to streamline our mortgage closing process, and we anticipate that the cost savings that will be realized for large mortgage lenders and others will be significant," said Brandon Barnett of LandAmerica OneStop. The companies can be found online at http://www.entyre.com and http://www.landam.com.
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The lender reported $33.3 million in net income in the third quarter this year, up from the second quarter and same period a year earlier.
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Previously, Kim was a managing director in J.P. Morgan Chase & Co.'s strategic investments group, where she managed a diverse portfolio of fintech investments.
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At its first investor day in a decade and a half, the nation's second-largest bank pegged its guidance for return on tangible common equity at a slightly higher level than what it reported last quarter. Not all investors were impressed.
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The latest sale consists of close to 1,200 HECMs secured by vacant residential units found in 46 states, according to data provided by the government agency.
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What makes the situation alarming is the government attack on the fair lending enforcement infrastructure, said Lisa Rice of the National Fair Housing Alliance.
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Built launched Draw Agent Tuesday, which can process thousands of construction loan draws monthly.
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