In the latest step in its "green" initiative, Credit Plus Inc., Salisbury, Md., will allow supporting documents for corrections of inaccuracies on credit files to be directly uploaded into its system. In the past, explained Greg Holmes, national director of sales and marketing, this had been more of a manual process, with the documentation faxed or e-mailed in. Now, Credit Plus operates more efficiently, with all the information on one screen. The green initiative started three or four years ago at Credit Plus with e-fax. In June 2008, customers started receiving a one-page invoice with a link to a secure website to review account details. This initiative alone, Credit Plus said, saves 30 reams of paper a month. Mr. Holmes, interviewed at the MBA convention in San Diego, said the company would be rolling out in the next year a new technology that will contribute to a paperless disclosure delivery environment.
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More depositories are getting involved in the securitized market and the competition is likely to add to expense management challenges of smaller balance loans.
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Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
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Homebuyers who are preapproved have the best opportunity to take advantage of fall discounts, giving lenders an opportunity to roll out marketing around this.
September 14 -
Bank of America upped its forecast for non-qualified mortgage issuance, with investors, particularly insurers, buying these and other non-agency securities.
September 14 -
NAF Insurance customers save $719 on average, Phil Miller, senior vice president of strategic partnerships at New American said.
September 14 -
Polling suggests that Democrats could retake control of the House and have a formidable shot at the Senate as well. If they win both chambers, oversight of bank regulation, crypto and Trump administration officials will be the name of the game.
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