Epic Financial Corp., Newport Beach, Calif., and Paramco Financial Group, Denver, have announced an alliance with Datalogic International to develop a proprietary Voice Over Internet Protocol video conferencing system for the mortgage industry.Epic's technology division led the effort, bringing in Paramco as a partner and Datalogic for research-and-development initiatives and to use its VoIP platform to deploy the system, the companies said. Once the video conferencing system is fully developed, Epic and Paramco will deploy it to their mortgage subsidiaries, such as Epic's Key Mortgage Corp. and Paramco's Royal Federal Inc., they said. "VoIP Video Conferencing is something we have envisioned for a number of years, but now with advancements in technology and the help of Datalogic, we can bring this solution to fruition," said Epic president William Parker. Epic can be found online at http://www.4epic.com and Paramco can be found at http://www.paramco.net.
-
The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
2h ago -
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
3h ago -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
3h ago -
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
4h ago -
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
5h ago -
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
5h ago









