The Miracle DocPrep platform of MRG Document Technologies, Dallas, is now available through a direct interface with BytePro, the latest version of Byte Software's loan origination system, according to MRG.The interface provides mortgage lenders and brokers with closing documents for prime and subprime loans, home equity lines of credit, option adjustable-rate mortgages, and other lending products, MRG said. When users request loan closing documents through the interface, the data are transferred to MRG and the document packages are prepared and sent back to the user, the company said. "This interface is a tool that enhances the lender's workflow process," said Terry King, group chairman of MRG. "Offering MRG's document preparation services through BytePro enables mortgage lenders to more efficiently request and deliver loan products to their customers." The interface was developed as part of a continuing alliance between MRG and Byte Software, based in Kirkland, Wash. The companies can be found online at http://www.mrgdocs.com and http://www.byte-cbc.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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