Mortgage technology pioneer Michael Jackman has been named to the advisory board of LogicEase Solutions Inc., San Francisco, according to the company's ComplianceEase division.Mr. Jackman was most recently president and chief executive officer of Interlinq Software Corp., a software development company serving the mortgage industry. Mr. Jackman also served as president of Fiserv Inc., where he developed the company's electronic commerce strategy. During his tenure at HNC Software Inc., now a part of Fair Isaac, Mr. Jackman "played a key role in the design and development of Falcon, the most advanced consumer credit fraud detection system in the world," ComplianceEase said. In addition, the company said Mr. Jackman pioneered the electronic fulfillment of real estate information products and services in the 1980s.
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The largely direct-to-consumer lender will also offer reverse mortgage loans in the latest dealing between publicly traded industry players.
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The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
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The megabank's third-quarter net income rose 16% year over year, reflecting higher revenues across all five business lines.
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The $4.6 trillion-asset company's report comes after it committed to funneling $1.5 trillion into industries it said were important to national security.
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The housing agency director told Sen. Cortez Masto a Federal Home Loan Bank reform review is ongoing and took issue with Sen. Warren's inquiries about meeting transparency.
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The Office of Management and Budget issued reduction in force notices to Treasury staff working in the Community Development Financial Institution office Friday, saying that the layoffs are necessary to "implement the abolishment" of the fund.
October 10