MortgageHub, a Norcross, Ga.-based provider of technology for the mortgage industry, has released TCL Lite, a version of its TCL (The Construction Lender) construction lending software that is tailored for smaller lenders.TCL Lite uses the same basic functions as the original system, but streamlines it to provide only those functions that smaller lenders require, and allows users to upgrade to the full TCL system with minimal effort, MortgageHub said. "TCL Lite is extremely easy to implement and use but still provides all the controls required for budgeting, cash management, and management information," said Dave Demster, president of MortgageHub's Mortgage Products Division. "Smaller lenders get a cost-effective, yet powerful solution that fits their needs today, while also providing the expandability to accommodate their growth in the future." The company can be found online at http://www.mortgagehub.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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