Dallas-based H-Cube LLC, in conjunction with its Zenta subsidiary, has acquired Global Realty Outsourcing, a Stamford, Conn.-based business process outsourcing company specializing in the real estate and mortgage industries.GRO's services include master and primary mortgage servicing, cash flow modeling, lease abstraction, loan underwriting, real estate accounting, and mortgage due diligence, according to GTCR Golder Rauner LLC, which formed H-Cube last year in partnership with Henry Hortenstine. H-Cube later acquired Zenta, a company based in Wayne, Pa. (with primary operations in Mumbai, India) that provides outsourcing services to the financial services industry. "The combination of Zenta's strong capabilities with GRO's high-end analytical services allows H-Cube to offer a broader suite of services to its customers," said Collin Roche, a principal of GTCR. The companies can be found online at http://wwwh-cubeinc.com, http://www.zentagroup.com, http://www.gro.com, and http://www.gtcr.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