Sollen Technologies, an Internet-based application services provider of product, pricing, and best-execution capabilities, has announced improvements to its rate acquisition procedure and processing performance that are designed to improve the time to market for its customers' rate sheets and online pricing."Rate acquisition has definitely improved over what it was in the past," said Sollen client Jason Knapp, secondary manager for Dallas/Fort Worth-based Premier Nationwide Lending at the Mortgage Bankers Association's National Technology in Mortgage Banking Conference in Tampa, Fla. "I used to build my rate sheets at 10:00 or 10:30 in the morning. Now, I’m done by 9:30." Based in Dallas, Sollen helps to enhance the relationship between originators and lenders. The company can be found on the Web at http://www.sollen.com.
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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.
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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.
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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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Mortgage companies have transitioned from trying to encourage AI use to managing spending on it through a strategy dubbed "tokenomics."
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Foreclosure rates were highest in the region, and nationwide, completed repossessions also saw a significant jump, according to Attom.
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