Seattle-based Keystroke Technology Solutions has announced the release of Key2Decisionware, a point-of-sale automated underwriting tool that incorporates lenders' programs, pricing, stipulations, conditions, and policies -- plus messaging and best-fit analysis. The company said Key2Decisionware allows lenders to maintain their available loan programs, full eligibility rules, and pricing adjustments in real time without the use of information technology personnel. The system's component-based, standards-compliant design lets lenders augment their legacy systems instead of replacing them. "With today's rapidly changing market conditions, lenders need and want the ability to respond rapidly and in accordance with their business strategies," said Michael Hart, Keystroke's president and chief executive officer. "Key2Decisionware provides the tool they need to manage their business effectively." The company's website address is http://www.keystroke.com.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
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Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
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Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
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