Stewart Mortgage Information, Houston, has announced the development of origination and post-closing products and services designed to help mortgage brokers make the transition to mortgage bankers.SMI and its affiliates provide title, closing, and funding fulfillment services, electronic mortgage documents, and post-closing collateral management, the company said. "SMI has designed a one-stop, custom service and product bundling that provides exactly what a broker needs to transition to a mortgage banker," said Kevin Gugenheim, SMI's president and chief operating officer. ".... We know there are many mortgage brokers out there who want to operate as mortgage bankers and gain more control of their business. However, many of them lack the personnel and expertise to handle the required additional administrative workload necessary to gain access to a warehouse line." The company can be found online at http://smi.stewart.com.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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