Document Systems Inc., Carson, Calif., and ProLender Solutions Inc., San Diego, have completed an interface that will enable ProLender users to submit loan-specific data directly to DSI's DocMagic product.Through the interface, ProLender communicates directly with DSI's servers and transmits data in Extensible Markup Language so that DocMagic can provide customized loan documents electronically or for posting on the Web. The company made the announcements at the MBA's annual convention in San Diego. ProLender's website address is http://www.prolender.com. DSI can be found at http://www.docmagic.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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