Houston-based Allied Home Mortgage Capital Corp. has used proprietary extensions to its technology tools to accommodate an ever-changing mortgage market, Allied chief information officer David Langston told the recent 7th Annual Mortgage EC Conference in Las Vegas.Allied, the largest broker/banker in the country, runs many technology applications, and Mr. Langston contended that the tools used by Allied aren't updated fast enough to allow such a large company to operate efficiently. As a result, Allied has created proprietary extensions to Del Mar Database's DataTrac product to allow for the bundling of services and to its LOS Calyx Point to allow it to operate in a centralized fashion. Since the updates were made, Calyx has released a comparable product and Del Mar will take advantage of its parent company, Fiserv, to offer bundled services with version 8.0. Mr. Langston reported that Allied will evaluate both upgrades to see which better fits the company's needs, the proprietary extensions or the product enhancements from Calyx and Del Mar. Allied can be found online at http://www.mortgageasap.com.
-
The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
August 12 -
The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
August 12 -
Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
August 12 -
Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
August 12 -
Long Island-based Dime Commercial Bancshares, which continues to transform itself from a thrift into a commercial bank, is eyeing additional expansion in the Garden State.
August 12 -
In the latest round of posturing between the one-time merger partners, Two Harbors said the filing was part of a "familiar refrain" by UWM to blame others.
August 12








