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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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
July 11 -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11