Online Documents Inc., Concord, Calif., has announced an inter-connection agreement that will enable lenders using its software and services to upload electronic mortgage documents directly to the BCE Emergis electronic lending platform.Online president Joan Ingham said electronic documents meeting the specifications of Fannie Mae, Freddie Mac, and the Mortgage Industry Standards Maintenance Organization "are immediately available to Online's customers with a simple mouse click from any of our current document solutions.... This cooperative arrangement between Stewart, Online, and BCE Emergis offers lenders a turnkey method to move quickly to the forefront of the paperless mortgage revolution." Online Documents, a subsidiary of Stewart Information Services Corp., can be found online at http://www.onlinedocuments.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.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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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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