Encomia, a Houston-based provider of electronic mortgage technology, and Mortgage Banking Services Direct, a management consulting company based in Horseshoe Bay, Texas, have announced a partnership aimed at offering lenders greater access to e-mortgage software and consulting services."This partnership brings value and scalability to both MBSD and Encomia's customers through technology that will help them be ahead of the curve in the mortgage industry," said David Lykken, founder and president of MBSD. "For competitive lenders, our partnership provides a system for evaluating the most effective online technology and utilizing it to maximum profitability." The companies can be found on the Web at http://www.encomia.com and http://www.mbsdgroup.com.
-
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 -
Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.
June 12 -
The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.
June 12 -
The changes provide standardized appraisal guidance in advance of a mandatory compliance date to a new reporting format in November this year.
June 12 -
Provident Bank says My Mortgage used a $10 million line of credit to fund dozens of ineligible, dilapidated properties and sold them to their own employees.
June 12 -
OneTrust Home Loans says its employees secretly used Floify to funnel loans to brokerage E Mortgage Capital, which were then funded by the wholesale giant.
June 12







