MRG Document Technologies, Dallas, and Lydian Data Services, Boca Raton, Fla., have formed an alliance to enable lenders to outsource services spanning from origination to post-closing quality control. The alliance enables MRG to extend its Miracle document preparation system to origination fulfillment customers who use Lydian to supplement or replace their own internal processes. At the Mortgage Bankers Association's National Secondary Market Conference & Expo, the companies said users, through a custom interface, have access to MRG's upfront and interim disclosures and closing documentation through Lydian's Loan Exchange Network. The companies can be found on the Web at http://www.mrgdocs.com and http://www.lydian.com.
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Home price growth is accelerating as inventory stalls—Chicago and Pittsburgh lead mid-tier gains at 4.2%, while Denver and Las Vegas see supply-driven price corrections.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
July 24 -
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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