As Fiserv held its client conference in Las Vegas, the company announced that Fiserv Lending Solutions' CredStar has entered into an alliance with Boston-based PCi Corp. to integrate several of PCi's Wiz systems with WebStar, CredStar's credit services platform.The Brookfield, Wis.-based Fiserv said the combined offering is expected to streamline processes for wholesalers using CredStar with Fiserv's easyLender and UniFi LOS systems. The alliance also promises to reduce steps for brokers submitting loans to lenders using CredStar. The PCi functionality available to CredStar customers includes: geocoding, edit checks, and validation of Home Mortgage Disclosure Act data using FFIEC error-checking logic, flood zone determinations, and identification of high-cost loans before they are funded. The companies can be found on the Web at http://www.fiserv.com and http://www.pciwiz.com.
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One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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Eligible purchases with the Better Home Equity Card, which lets homeowners instantly spend funds drawn from a home equity line of credit, earn 1% cashback.
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Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
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Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter.
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