TrueClose, a Pittsburgh-based technology provider for the mortgage industry, has launched what it says is the first paperless mortgage origination platform for the mortgage industry.The TrueClose paperless platform enables mortgage professionals to identify, introduce, accept, and process mortgage actions that leverage the convenience, speed, and cost efficiencies of the Web, the company said. Specifically designed to manage the entire mortgage process, TrueClose allows service providers such as title insurers, appraisal services, real estate professionals, and settlement agents to engage in an electronic document exchange. TrueClose can be found on the Web at www.trueclose.com.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24 -
The latest rate increases contributed to a 1% drop in purchases from the previous week and 15% annually, according to the Mortgage Bankers Association.
April 24