SourceCorp Inc., a Dallas-based consultant and provider of business process outsourcing systems, has announced an expansion of its mortgage offerings.The new module, Electronic Loan Exchange, enables the secure electronic transfer of loan files between brokers, correspondents, servicers, and investors, the company said. It also employs an "electronic loan review room" where loans can be reviewed for due diligence before acquisition or electronic transfer to a buyer. The module represents the latest development of Fastrieve, SourceCorp's proprietary digital image repository. The company can be found on the Web at http://www.sourcecorp.com.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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Brian Hale, CEO of Mortgage Advisory Partners, warns of overcapacity, rising rates and AI-driven disruption forcing consolidation across the lending industry.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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The former Wall Street player blamed its decline on rising interest rates, trouble at its lending subsidiary, and debt stemming from the Great Financial Crisis.
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The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.
April 28 -
Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners.
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