Sollen Technologies, Dallas, an Internet-based application services provider of product, pricing, and best-execution capabilities, has unveiled technology that will be added to its Lender OnLine loan finder and pricing tool to bring investor guidelines downstream to lenders.This new tool will allow loan officers and secondary marketing users to view the actual guidelines from an investor rather than an interpreted version of the guidelines to better decide whether an applicant is qualified for a particular loan program. Lender OnLine is a Web-based application that enables loan searching, validation, loan-level-adjusted pricing, and locking for a wholesale, retail, correspondent, or call center application. The program allows the originator to capture multiple lending options in one execution, searching loan types, loan products, and documentation at the same time to find the optimal match for the borrower. The announcement was made at the 93rd Annual Mortgage Banking Association Convention & Expo in Chicago. The company can be found on the Web at http://www.sollen.com.
-
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
43m ago -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
1h ago -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
1h ago -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
2h ago -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
2h ago -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
4h ago