Ellie Mae Inc., Dublin, Calif., will offer its ePASS users a direct connection to Freddie Mac's Loan Prospector automated underwriting system.Ellie Mae said the connection will provide customers two-way functionality between LP and the originator's desktop through ePASS, which stands for Electronic Pricing and Submission System. Mortgage originators can request and receive an LP assessment and roll that information directly into their loan origination system as part of the integration as well. Ellie Mae can be found on the Web at http://www.elliemae.com.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
3h ago -
Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
April 29 -
President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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