Genpact, a global provider of business services and technology, has announced plans to acquire MoneyLine Lending Services, a provider of mortgage origination and fulfillment services based in Irvine, Calif.The terms of the deal were not disclosed. Genpact said MoneyLine, which will become part of Genpact Mortgage Services, is the exclusive provider of outsourced mortgage services for more than 50 financial institutions. The companies can be found on the Web at http://www.genpact.com and http://www.moneylinelending.com.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
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