GCC Servicing Systems, Southfield, Mich., is currently developing GServ, which will be a Web-based solution that will allow bank tellers and loan officers access to a customer's mortgage loan information.The new servicing product will make it possible for banks to use the core processing system of their choice and at the same time giving tellers and loan officers access to customer mortgage information via an Intranet setup to the bank's servicing information on the GCC platform. GServ has an anticipated release date of October of 2004. GCC is a mortgage service bureau, mortgage servicing technology and service provider that can found on the Web at http://www.gccservicing.com.
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The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
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The lender posted another deep eight-figure loss in the second quarter, and will miss a breakeven goal later this year, interim CEO Daniel Lewis said.
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Its success in a tough quarter was not just financial as it gained market share in both purchase and refinance volume to regain the No. 1 originator slot.
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After shedding nearly 30% of its workforce in 2022, Envoy has leaned into a referral- and affiliate-based business model through strategic investments.
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Rate movements changed market dynamics from early-year forecasts, contributing to risk signals in one out of every 119 applications, according to Cotality.
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The company's affiliate has been issuing non-QM deals that include a small percentage of second liens, some of which also involve alternative documentation.
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