GainClients Inc., a Tucson, Ariz.-based website provider, has announced the selection of VueCentric Inc., Austin, Texas, and its MortgageDashboard online mortgage loan origination system to create a Financial Relationship Management platform.According to GainClients, the FRM will create a turnkey online collaborative environment that will enable loan officers, real estate agents, and other trusted financial advisers to interact "without forcing them to give up control of their customers or the transaction." VueCentric's MortgageDashboard is offered under the software-as-a-service model, which relieves lender-users of the burden of maintaining and marketing an interactive retail website. The FRM will provide online status reporting and marketing tools to maintain borrower relationships. VueCentric can be found online at http://www.vuecentric.com.
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
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ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
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Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
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KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
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If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
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Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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