Brenda Arnold has been named senior process and project manager at Portellus Inc., Irvine, Calif., where she will manage the installation of the company's mortgage-related technology products for lenders nationwide.Ms. Arnold was most recently employed by Irvine-based Commerce Velocity Inc., where she managed teams of developers, business analysts, and quality assurance specialists on various projects. Portellus, which specializes in the application of service-oriented architecture for the mortgage banking and insurance industries, said she will be responsible for implementing projects involving the company's business rules management system, automated underwriting system, product and pricing eligibility, Web-based mortgage broker portal system, and loan origination system. Portellus can be found online at http://www.portellus.com.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
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Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
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Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.
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Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
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NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.
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Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
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