Image Recognition Integrated Systems Group, a technology provider based in Brussels, Belgium, has released three new products designed to move paper documents and forms into a digital format.The products, though not geared only to the mortgage industry, are being used heavily by mortgage companies, according to IRIS. The first product, Readiris Pro 9 Corporate Edition, is a tool that converts documents, files in Portable Document Format, and business cards into electronic documents. IRISPdf 2.5 Server is the new version of I.R.I.S. Production OCR Server. It's a networkable application that can be used to store scanned documents in a specific folder and convert them to .pdf or .rtf format. Finally, Formiris Pro 5.1 is a software suite that captures, sorts, and identifies all types of documents and forms entering a company or organization, irrespective of their size, layout, and contents. IRIS can be found on the Web at http://www.irislink.com.
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President Donald Trump administered Federal Reserve Chair Kevin Warsh's oath of office in a ceremony Friday morning. Warsh is expected to pursue changes at the central bank, including a push to reduce its $6.7 billion balance sheet.
May 22 -
Federal Reserve Gov. Christopher Waller said in a speech Friday that he favors holding interest rates steady until energy prices fall, but noted that the central bank should be ready to hike rates if inflation gets too far out of hand.
May 22 -
The lender, in addressing claims first raised by the Consumer Financial Protection Bureau, said its activities are protected by safe harbor provisions.
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Copper Ridge Ventures has joint venture businesses with mortgage loan officers and real estate professionals using the same broker model as NEXA Lending.
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VantageScore 4.0 has been incorporated into the existing processes at Rocket for both the retail and mortgage broker-facing origination businesses.
May 21 -
The pace of contract signings surged at its fastest in three years in a break from the more stagnant conditions of past home buying seasons, Realtor.com said.
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