LoanToolbox, Westlake Village, Calif., has signed an alliance agreement with Carson, Calif.-based Document Systems Inc., a developer of mortgage technology for compliant loan document preparation and customer contact management solutions.Under the agreement, LoanToolbox will make DSI's LoanMagic broker point-of-sale software available free for one year to new LoanToolbox subscribers. LoanMagic, developed in 2000, is the first fully integrated mortgage customer contact management system designed to meet the needs of loan officers, LoanToolbox said. The built-in loan program analysis tools allow loan officers to instantly create and e-mail side-by-side comparisons of any of the 10,000 loan programs already built into the system. Connections embedded in LoanMagic allow easy access to Fannie Mae's Desktop Underwriter, Freddie Mac's Loan Prospector, and over 190 of the nation's credit report suppliers, LoanToolbox said. LoanToolbox can be found online at http://www.loantoolbox.com, and Document Systems can be found at http://www.docmagic.com.
-
Agency activity dropped off by 4% in September while non-qualified mortgage issuance was down 18% in the third quarter versus the prior period, BTIG said.
6h ago -
Developments like the downward swing in total jobs reported Friday, inflation and AI have made nonbank employment more complex and volatile this year.
8h ago -
Single-family mortgages originated with new scores have been put into private securitizations but these typically have been submitted alongside classic FICOs.
9h ago -
The collaboration comes after HUD issued several other updates earlier this year aimed at increasing affordability through loosened homebuilding policy.
11h ago -
Southeast impairments run 150 bps above other regions and alt-doc loans are up 200+ bps since 2025, while DSCR and full-doc improve. Time to review overlays.
11h ago -
Federal Reserve Gov. Lisa Cook said Thursday that private credit does not seem to pose additional risks to the financial system at the moment, but added that more information about the opaque market is needed.
October 1








