Integrated Loan Services, Rocky Hill, Conn., has released a product that allows clients to interface directly to ILS to place and display the status of their orders with the company.It provides a link that enables lenders who have Fiserv's UniFi PRO loan origination system to access the settlement services provided through ILS. There is no transaction fee for the service. ILS can be found on the Web at http://www.ils.com.
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.
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
