Lenders First Choice, Simi Valley, Calif., has formed an alliance with Guardian Mortgage Documents, Lakewood, Colo., to offer integrated, one-stop access to LFC's title, closing, appraisal, flood, and credit services and Guardian's mortgage document products and services.The integration will provide access to Guardian's document solutions from within the LFC settlement services platform and enable users to add Guardian documents to any LFC order with one click, the companies said. "Because LFC provides a paperless environment accompanied by workflow management, the integration will not add any processing time, will result in more timely deliveries of all items related to a transaction, and will eliminate training issues when introducing a customer to the [Guardian] solution," the companies said. They can be found online at http://www.lendersfirstchoice.com and http://www.gmd.com.
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After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.
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For 2026, the mortgage industry operating environment will improve, while nonbank financial metrics should be within Fitch's rating criteria sensitivities.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The executive order described state legislation on artificial intelligence as a cumbersome patchwork, and pledged to develop a national framework.
December 12 -
The Department of Housing and Urban Development announced the FHA-insured loan caps for low- and high-cost areas, which are set based on conforming loan limits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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