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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President Donald Trump administered Federal Reserve Chair Kevin Warsh's oath of office in a ceremony Friday morning. Warsh is expected to pursue changes at the central bank, including a push to reduce its $6.7 billion balance sheet.
May 22 -
Federal Reserve Gov. Christopher Waller said in a speech Friday that he favors holding interest rates steady until energy prices fall, but noted that the central bank should be ready to hike rates if inflation gets too far out of hand.
May 22 -
The lender, in addressing claims first raised by the Consumer Financial Protection Bureau, said its activities are protected by safe harbor provisions.
May 22 -
Copper Ridge Ventures has joint venture businesses with mortgage loan officers and real estate professionals using the same broker model as NEXA Lending.
May 21 -
VantageScore 4.0 has been incorporated into the existing processes at Rocket for both the retail and mortgage broker-facing origination businesses.
May 21 -
The pace of contract signings surged at its fastest in three years in a break from the more stagnant conditions of past home buying seasons, Realtor.com said.
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