David Aach has been named chief operating officer of Palisades Technology Partners, Englewood Cliffs, N.J., a supplier of software and application development services to the mortgage industry.In addition to managing the company's day-to-day operations, Mr. Aach will focus on direct sales and alliance strategies to support the company's continued growth, Palisades said. Mr. Aach has more than 28 years of mortgage technology and sales experience. Before joining Palisades, he served as national sales manager for John Harland Financial Solutions, and strategic account manager for Corillian. Mr. Aach also served as vice president of mortgage systems for Citicorp Mortgage, where he was instrumental in rolling out the first loan origination system to use laser-printed mortgage documents, Palisades said. The company can be found online at http://www.ptpusa.com.
-
This is the second acquisition deal Old Republic has been involved in this year, after selling its title production business in January.
October 23 -
While expectations that another federal rate cut is on the way next week, other economic trends may be having a larger influence on mortgage lending.
October 23 -
Home loan players are diverting technology budgets to cover back-office operations, after big spending in a downcycle, counter to historical patterns.
October 23 -
Decreased homeowner equity corresponds to recent declining prices reported by leading housing researchers, but tappable amounts still sit near record highs.
October 23 -
In addition, John Roscoe and Brandon Hamara have been appointed co-presidents at the government-sponsored enterprise, effective immediately.
October 22 -
Forbearance or refinancing may help some, workarounds can keep many mainstream loans moving and one type of uncertainty does have an upside for rates.
October 22





