ComplianceKeeper.com, Hunt Valley, Md., has announced the release of what it describes as the first online system designed exclusively to help mortgage companies manage state regulatory requirements for licensing and educating mortgage professionals.Users of the new system can "instantly access detailed information on active and pending licenses in the company, including a profile of the individual holding the license and the number, type, and expiration date of the license," the data-tracking technology company said. An interactive desktop screen enables users to view data on the number of licenses that are 30, 60, and 90 days from expiration, and the system sends automatic e-mail alerts to notify customized lists about forthcoming license and education renewal deadlines, ComplianceKeeper.com said. The company can be found online at http://www.compliancekeeper.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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