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 new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
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The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
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One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
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There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
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Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
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Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
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