Golden West Financial/World Savings scored highest among savings institutions in the Winter 2004 Online Customer Respect Study, just ahead of Washington Mutual.The study examined how 76 of the largest financial services firms treat online customers. In measuring the time in which thrifts responded to inquiries from Web borrowers, the study showed that only 50% of websites deployed by thrifts use autoresponder technology to automate the sending of e-mails confirming receipt of a user's inquiry. The study identified response time as a critical factor in attracting new customers on the Web. Customer Respect Group, a research and consulting firm based in Bellevue, Wash., classifies more than 60 website attributes as indicators of simplicity, privacy, attitude (the customer focus of the site), transparency, responsiveness, and principles (respect for customer data). The company can be found online at http://www.customerrespect.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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