Framework Inc., Tarrytown, N.Y., and Document Systems Inc., Carson, Calif., have announced the integration of Framework's LendWare credit fulfillment platform and DSI's FillMagic document processing engine.The Extensible Markup Language integration of the LendWare Document Manager and FillMagic, an enterprise application for the creation of mortgage forms and document packages, provides lenders with automation, fulfillment, documentation, compliance, and delivery capabilities, the companies said. The interface is in place at two of the top 10 banks. Framework, a provider of enterprise software for financial institutions, can be found on the Web at http://www.lendware.com. DSI, a developer of software, tools and Web-based systems for the production of compliant loan document packages, can be found on the Web at http://www.docmagic.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
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The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
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The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24