OpenClose Solutions has partnered with Costa Mesa, Calif.-based MeridianLink to interface the company's MortgageCreditLink with OpenClose's loan origination software. MeridianLink and OpenClose will enable brokers and wholesale lenders to request and access credit information from any Internet connection and deliver merged credit reports from more than 50 credit reporting agencies. The move allows wholesale lenders and brokers to access to the same credit data. Lenders and brokers using OpenClose's LOS can then directly import the credit information directly into the software, eliminating duplicate data entry.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
July 24 -
NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
July 24 -
Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
July 24 -
The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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