Jersey City, N.J.-based ISO has acquired AppIntelligence, a provider of Web-based analytic tools designed to identify and detect fraud in the residential mortgage industry.The terms of the deal were not disclosed. ISO is a provider of products and services that help measure, manage, and reduce risk. It provides data, analytics, and decision-support systems to professionals in many fields, including insurance, finance, real estate, health services, government, and human resources. AppIntelligence, Weldon Spring, Mo., has over 600 mortgage customers, the company says, and its products are designed to target the prequalification, processing, underwriting, quality control/quality assurance, and compliance phases of the mortgage-lending process. The companies can be found on the Web at http://www.iso.com and http://www.appintelligence.com.
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The head of the Consumer Financial Protection Bureau summarized his findings from a yearlong probe into the Appraisal Foundation. He says the "lawmaking body" is not accountable to the public or market forces.
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The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.
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The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.
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