Fidelity National Information Services Inc., Jacksonville, Fla., has announced the launch of eRelease Payload, an automated utility designed exclusively for the company's mortgage servicing package clients.The eRelease product line is an end-to-end lien release processing system, and the launch of eRelease Payload provides the added functionality of automated order placement into eRelease when the loan payoff transaction occurs, the company said. Using the utility to place orders eliminates the inconvenience, time delays, and risk of using multiple queries to aggregate order placement data. "Prior to Payload, our eRelease clients created their own upload files to place orders using multiple reports or manual entry of MSP data," said Clay Cornett, president of Fidelity National Default Solutions. "The process was cumbersome and increased our clients' exposure to potential penalties and litigation due to misplaced orders and incomplete files." FNIS can be found online at http://www.fidelityinfoservices.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
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Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11