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 nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18