Fidelity National Financial Inc., Jacksonville, Fla., discussed its recently launched DecisionStream product during a press briefing at the Mortgage Bankers Association annual convention in Orlando.According to Al Verkuylen, senior vice president of development and strategy for FNF subsidiary Lender's Services Inc., DecisionStream takes the data from the various parts of FNF and brings them out to the point of sale. This allows originators of refinance and home equity transactions to decide early in the process whether it is worthwhile to invest in the full-scale mortgage settlement package. Another benefit is that with bundled services as part of the origination process, DecisionStream provides guaranteed quotes for settlement services, he said, allowing originators to give a definitive price to their customer. With Real Estate Settlement Procedures Act reform expected to include a guaranteed mortgage package, this is a benefit, Mr. Verkuylen said.
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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.
August 12 -
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.
August 12 -
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.
August 12 -
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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