Visionet Systems, Cranbury, N.J., has announced the introduction of VisiRetention, a campaign management and customer retention platform aimed at reducing risk and streamlining workflow for mortgage bankers.The company said the platform creates "a unified approach" to campaign development through the alignment of departments within the mortgage company, enabling lenders to retain their portfolios while increasing income through the identification of high-risk refinance loans. VisiRetention's campaign management system automates the mortgage marketing process and provides a user-friendly interface to enter the central system, Visionet said. "We developed VisiRetention to help mortgage bankers make well-informed, streamlined, and targeted campaign decisions to increase their success rates and remain compliant with auditors," said Visionet president Arshad Masood. The company can be found online at http://www.visionetsystems.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
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Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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April 25