At the MBA tech show, Fiserv noted that both its easyLENDER and UniFi PRO loan origination systems have received certification for credit reporting and mortgage insurance application through the MXCompliance service, an eXtensible Markup Language-based compliance process developed by MISMO.MISMO, a not-for-profit subsidiary of the Mortgage Bankers Association, develops mortgage data-exchange and file-specification standards for lenders and mortgage technology providers. This move signals that Fiserv, one of the largest technology vendors in the mortgage space, is making efforts to endorse industry standards within their products to make it easier for users to integrate with other products and services. Other MISMO certifications are forthcoming including automated underwriting and e-mortgage certifications.
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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.
9h ago -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
10h ago -
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.
10h ago -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
10h ago -
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.
11h ago -
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.
August 12








