Irvine, Calif.-based Portellus has just announced its entry into the market for wholesale origination websites with a feature-rich broker portal module.The new offering boasts a "very customizable" front-end user interface coupled with Portellus' existing loan file workflow and advanced business rules management system, the company said. Portellus' Mortgage Solutions Framework offers a complete suite of mortgage processing modules that can be implemented individually or integrated, extending from point of sale to secondary marketing and servicing. The system can be brought in-house or used on a hosted basis. To enable easy customization, user interface screens are built independently of validation, decisioning, and workflow logic. Features includes broker portal administration, risk-based pricing, and broker-specific promotions. The company can be found online at http://www.portellus.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
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Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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