SouthBanc Mortgage has selected the Platinum Data cascading automated valuation platform as a cost-saving tool for delivering property valuation reports.Herndon, Va.-based SouthBanc Mortgage is a subsidiary of SouthBank, a federal savings bank headquartered in Huntsville, Ala. SouthBanc Mortgage comprises 80 loan officers and originates various residential loan products throughout the United States. Platinum Data Solutions offers a configurable AVM platform that enables SouthBanc users to quickly reference previously ordered AVMs for any properties within their account. Platinum Data can be found online at http://www.platdata.com.
-
On a year-over-year comparison, title underwriters produced 15% more premiums in the first quarter, as mortgage rates briefly fell under 6% in February.
30m ago -
The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
1h ago -
Balance sheet reduction is a top priority of new Fed Chair Kevin Warsh. Achieving that goal means avoiding the kinds of disruptions that roiled the Treasury bond market in 2019, the last time the central bank embarked on quantitative tightening.
7h ago -
The government said it was responding to a jailbreaking risk that Anthropic says is minimal.
June 13 -
Lawmakers from both parties defended regional Federal Reserve banks against potential consolidation, arguing local economic perspectives are essential to ensure monetary policy remains sound.
June 12 -
Under the proposed rule, the definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.
June 12










