Guaranteed Rate Picks MortgageHub

Published June 14, 2005, 2:00 p.m. EDT

1 Min Read

To expand its wholesale lending initiative and help its originators price loans more efficiently, Chicago-based Guaranteed Rate has picked MortgageHub's LoanFactory decisioning, product, and pricing engine and Wholesale Internet Lending applications.Conshohocken, Pa.-based MortgageHub offers a Web services platform to deliver Internet-based systems for wholesale, retail, and servicing functions. Guaranteed Rate will use the wholesale system to start serving 100 brokers immediately, with the intention of expanding to 500 by year-end, the company said. The MortgageHub wholesale system offers to eliminate costly paper, fax and phone communications between wholesaler and broker. Guaranteed Rate can be found online at http://www.guaranteedrate.com.

Processing Content

For reprint and licensing requests for this article, click here.

Mortgage technology

MORE FROM NATIONAL MORTGAGE NEWS

Title insurance

Title agent accused of rebranding to evade fraud penalty

First American claims Liberty National's owner changed the company's name immediately after a judge held her firm liable for an erroneous wire transfer.

By Spencer Lee
Technology Reporter

May 8
Earnings

Loandepot files $250 million shelf registration

Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt.

By Andrew Martinez
Reporter

May 8
M&A

eXp expands platform with acquisition of NextHome

Alongside its cloud-based brokerage, the company said the acquisition will transform eXp's existing infrastructure into a multi-model platform.

By Colin McNamara
Reporter

May 8
Servicing

New Cantero escrow ruling backs preemption in split decision

The opinion that supports national banks' ability to avoid paying interest on certain mortgage accounts in New York is unlikely to be the last word.

By Bonnie Sinnock
Capital Markets Editor

May 8
M&A

CrossCountry raises its Two Harbors bid to $12 per share

The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders.

By Brad Finkelstein
Originations Editor

May 8
Employment data

Economy added 115,000 jobs in April despite mixed signals

Employers hired an additional 115,000 workers in April, while unemployment remained unchanged at 4.3%. Despite the positive headline figure, a spike in newly unemployed workers and a rising number of underemployed workers suggests instability under the surface.

By Ebrima Santos Sanneh
Reporter

May 8

Load More