NetUpdate, Redmond, Wash., has integrated technology from Sollen Technologies, Dallas, into its newly released Originator Pro Product Eligibility and Pricing Engine, an add-on module for its origination platform.The module passes product and pricing information from a lending institution's secondary marketing department to the point-of-sale, which NetUpdate says will increase profitability and decrease costs. By entering a small set of a borrower's loan information into Originator Pro, a loan officer can immediately access a list of programs from which the borrower is eligible or ineligible based on the entered search criteria. The companies can be found online at http://www.netupdate.com and http://www.sollen.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
April 30 -
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
April 30 -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
April 30 -
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
April 30 -
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
April 30 -
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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