Mortgage software vendors AllRegs and Motivity Solutions Inc. have teamed up to bring business intelligence tools to lenders that aid them in automating product and guideline information. Most of the nation's top 100 lenders use the AllRegs Information Service known as AllRegs Online. The Eagan, Minn.-based company has an exclusive agreement with Fannie Mae and provides mortgage professionals with subscription-based access to single and multifamily underwriting and insuring guidelines, federal and state compliance laws and more. Motivity launched its Movation software tool in March 2009. The technology enables lenders to gain real-time access to their combined data in the form of performance indicators, scorecards, dashboards and on-demand reporting.
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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.
September 14 -
Seller-impersonation attempts more than doubled in two years, with artificial intelligence providing fraudsters new tools to commit crimes, a report said.
September 14 -
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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