GMAC Mortgage LLC, Horsham, Pa., has been chosen to handle the interim subservicing for Metrocities Mortgage LLC, a residential mortgage lender based in Sherman Oaks, Calif.GMAC Mortgage said it will provide interim subservicing for Metrocities' full line of first mortgages, closed-end seconds, and home equity lines of credit. GMAC can be found online at http://www.gmacsolutions.com, and Metrocities can be found at http://www.metrocitiesmtg.com.
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
Cyber policies must keep pace with a surge in incidents fueled by AI, as well a growing trend toward account takeovers.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
