Integra Software Systems, a provider of mortgage origination software based in Brentwood, Tenn., has acquired the assets of Financial Compliance Corp. for an undisclosed amount."We are finding that more lenders, especially banks, want one software partner to handle their overall lending processing needs," said Integra president Jerry Pratt. Tim Bartek, senior vice president of sales-marketing for Integra, said the acquisition "is going to be a tremendous, immediate complement to our Destiny mortgage loan origination system, which is among the most robust in the industry. Now, we can also address lenders' other software needs -- beyond residential mortgages." Integra said it will immediately begin marketing FCC's WinBanker and WinDeposit as standalone products, and plans eventually to integrate key features into the Destiny software. The company also announced that Jim Williams, formerly president of FCC, has joined Integra, bringing over 30 years of experience in software development for banks and other lenders.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
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The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
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The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
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