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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The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
11h ago -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
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Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28