Overture Technologies has upgraded its Mozart AUS with the release of version 4.0 at the Mortgage Bankers Association's National Secondary Market Conference and Expo.Mozart is an automated underwriting, pricing, and product selection tool. The upgrades include enhancements to the product's pricing and administrative features and the addition of two new credit services and new fraud prevention tools. Mozart 4.0 also allows underwriters to reconcile a borrower's investment property assets, debts, and correspondent rental income to simplify underwriting for complex investment property situations. The company can be found on the Web at http://www.overturetechnologies.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
5h ago -
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
6h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
7h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
9h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
9h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18