A new outsource service firm specializing in helping mortgage brokers and mortgage bankers streamline their back-office functions has been established in Houston by Doug Thorpe.The company, Post-Close America, will offer compatibility with all major loan origination systems and document preparation services, said Mr. Thorpe, who will serve as president and manager of the operation. "Coming out of the past three-year run of historically low mortgage interest rates, lenders of all sizes are reeling from record-setting volumes," Mr. Thorpe said. "The investor firms that have purchased these loans are likewise swelled with increased activity. Our firm will help bridge the gap for successful loan sales into the secondary market." The company can be found online at http://www.postcloseamerica.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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