Archive Systems, Fairfield, N.J., has announced an agreement with Ryan Beck & Co., an investment banker and broker based in Florham Park, N.J., to provide Archive's comprehensive process automation service to manage all client documentation.Aspen 360 Broker/Dealer Edition offers a services-based system for Web-based image hosting and workflow management. "This service will transform Ryan Beck's previous paper-based, manual process into an automated solution that manages the flow of all client documents in a fully redundant, Web-based environment," Archive Systems said. Ryan Beck will be able to use remote document capture through scanning gateways to scan documents directly into the Aspen system. "Archive Systems offers the only comprehensive 'software-as-a-service' model with the flexibility to roll out a solution enterprise-wide," said Nick Leone, senior vice president and director of operations at Ryan Beck. The companies can be found online at http://www.archivesystems.com and http://www.ryanbeck.com.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
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In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
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