IBM has formed a new business unit that will specialize in mortgage origination services.IBM Lender Business Process Services Inc. "will enable mortgage lenders to replace the fixed costs associated with typical loan fulfillment operations with a variable cost framework," the company said. Services it will offer include loan application, underwriting, processing, vendor management, document preparation and loan closing, according to IBM.
The consumer price index ticked up last month, bolstering arguments about broad based inflation and raising the odds of a rate hike next month.
The banking regulator is in early discussions with trade groups to build an organization for certifying tech providers that pass voluntary due diligence checks.
The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
