The National Home Equity Mortgage Association and AppIntell Inc., based in the St. Louis suburb of Weldon Spring, Mo., have announced "a partnership to fight mortgage fraud."Under the agreement, NHEMA members will receive a discount on two AppIntell fraud prevention products: Data Integrity Search and Score System, a Web-based fraud prevention tool for originators; and PredProtect, a fully automated online system allowing lenders/investors to analyze loan data for predatory lending compliance. The decision by NHEMA, which represents the home equity lending industry, to ally with AppIntell "supports our efforts to become the industry standard tools for detecting and resolving data integrity, early payment defaults, fraud, and predatory issues," said Stephen Gott, AppIntell's chief executive officer. NHEMA can be found online at http://www.nhema.org, and AppIntell can be found at http://www.appintell.com.
-
The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
10h ago -
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
11h ago -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
11h ago -
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.
April 30









