VirPack has launched a new e-collaboration platform designed to help lenders transition from paper, to paperless, to electronic. The platform is a Web-based system built using C-Sharp programming language on Microsoft's .NET framework. The platform, dubbed Enterprise Center, was designed from the ground up with the particular needs of the correspondent and wholesale lender in mind. New features include multilayered security at user, loan and document levels, Web-based query, viewing, editing and central administration, and a suite of Web-based upload tools for documents and files from remote users, branches, business partners, brokers and even borrowers. Enterprise Center supports a hybrid document environment to ease the transition from paper-based processes to an e-document world. A new scan application allows remote capture with indexing and the new virtual print driver allows users to add content from any application.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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