GreenPoint Mortgage, Novato, Calif., a national nonconforming lender, has successfully deployed the Empower! loan origination software offered by Fidelity Business Systems Group, a division of Fidelity National Financial Inc. located in Jacksonville, Fla.GreenPoint will use the software in all its origination and delivery channels, the company said. The lender specializes in alternative-A loans and closed more than $33 billion worth of the product in 2002. Fidelity Empower! was deployed to over 2,500 end users at GreenPoint. Additionally, the Empower! loan origination software system has been integrated with GreenPoint's loan servicing platform, which is provided by Fidelity Information Services. The successful conversion involved the migration of 1.17 million loans, representing 407 million rows of database information. Fidelity Empower! can be found on the Internet at http://www.empower.fnis.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25