The city of St. Louis has begun recording loan satisfactions via a "level 3" electronic recording initiative using technology from U.S. Recordings, a Saint Paul, Minn.-based company that provides mortgage recording systems.U.S. Recordings' InteleDocPlus was the system used to submit documentation electronically, and Fidlar Software's iDocument XF was used as the receiving system. U.S. Recordings can be found online at http://www.usrecordings.com.
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business.
Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
