Industry veteran Linda Simmons has been named to the newly created position of senior vice president of business development at Overture Technologies, a Bethesda, Md.-based developer of automated underwriting systems for the mortgage industry.Overture said the move is part of a plan to expand its market share in the mortgage segment. Ms. Simmons has over 20 years of executive experience in the mortgage banking industry. Before joining Overture, she was an associate partner for IBM Global Services' Business Consulting Services division. She was previously a partner with the Stratmor Group and a principal in Simmons Solutions. The company can be found online at http://www.overturetechnologies.com.
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The consumer price index ticked up last month, bolstering arguments about broad based inflation and raising the odds of a rate hike next month.
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The banking regulator is in early discussions with trade groups to build an organization for certifying tech providers that pass voluntary due diligence checks.
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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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