Canadian technology vendor Filogix Inc. and Fidelity Information Services, a division of Fidelity National Financial Inc. based in Jacksonville, Fla., have partnered to deliver an integrated end-to-end mortgage processing system in an application service provider environment.Under this alliance, Filogix provides mortgage underwriters with the technology to source mortgage products and services, as well as the underwriting and processing technology necessary to complete the process. FIS provides the end-to-end servicing system, facilitating management of the entire mortgage process. In related news, Paradigm Quest, a Canadian financial institution, has signed on to implement the product. Filogix can be found on the Web at http://www.filogix.com, and FIS can be found at http://www.fnf.com, http://www.fntg.com, and http://www.fidelityinfoservices.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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