Epitome Systems, Wayne, Pa., has released a new group of enterprise productivity management products for the mortgage industry.The products stemmed from an initiative to automate the global processing environment at GMAC Commercial Holdings, Epitome said. Epitome's Enterprise Productivity Management Mortgage system brings to market a technology application that provides a set of platforms for content acquisition, integrated processes, and business visibility, according to the company. Specifically, it offers a proprietary, end-to-end solution that incorporates many features such as workflow, document, and content management, collaboration, business process management, and more. Epitome can be found on the Web at http://www.epitomesystems.com.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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