Concord, Calif.-based Online Documents Inc., a subsidiary of Stewart Mortgage Information, and Lenders One, a mortgage banking cooperative headquartered in St. Louis, have formed a marketing alliance to provide mortgage document services for Lenders One co-op members.Through the marketing alliance with Lenders One, Online Documents has agreed to provide mortgage document services to every Lenders One member at a single price. Lenders One is an alliance of mortgage originators organized as a cooperative. Online Documents, which provides compliant mortgage documents and related services to lenders, can be found on the Web at http://www.onlinedocuments.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24