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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Newly minted Federal Reserve Chair Kevin Warsh will host his inaugural press conference on Wednesday. Bankers will be paying close attention to what he says — and how he says it.
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The Federal Housing Finance Agency's annual report to Congress asks for enforcement and referral powers beyond the limited ones it currently has.
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The deal reinforces PennyMac's AI-focused pivot and will also accelerate development and growth of its proprietary servicing platform, the lender said.
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Rithm and UWM Holdings are the favorite names among publicly traded lenders, while BTIG adds coverage of Better Home & Finance at a buy rating.
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The deal offers a series of exchangeable, class A and B notes, which will pay coupons ranging from 6.00% on the A1 tranche to 5.00% on the A33 tranche.
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This industry executive finds subservicing mortgages impacted by rule changes and relatively higher delinquency rates helps test operations and keep them sharp.
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