Zenta, a knowledge and business process outsourcing company based in New York, and Ellie Mae, Dublin, Calif., have entered into an affiliated partner agreement to offer Zenta's Broker Services through Ellie Mae's ePASS Network Web portal.Zenta Broker Services is a hybrid onshore/offshore service delivery platform that provides a low-cost alternative to in-house loan processing. Zenta said the platform has been designed to provide rapid turn times on loan processes and to comply with strict quality guidelines to improve processes by eliminating defects in the loan processing service. By combining Zenta's loan processing approach with Ellie Mae's Encompass Mortgage Management software, "users will get faster, higher-quality, and more-secure transfer of data and documents," the companies said. The companies can be found online at http://www.zenta.com and http://www.elliemae.com.
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The ex-worker who was terminated for unprofessional conduct has allegedly disparaged the brokerage and is refusing to return loan files and leads.
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A 10-state coalition is asking a federal court to put a halt to the OCC's rules which pre-empt laws on banks paying interest on mortgage escrow deposits.
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Southwest leaders cited Varun Krishna's technology and financial leadership as key factors behind his new appointment to its board of directors.
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A record percentage of homeowners renewing their insurance policy saw their fee decrease, up from 7.4% last year, according to Matic's mid-year trends report.
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The new Stratmor study sizes up a part of the business that has become an acquisition target and examines what players who use third parties to service want.
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The Mortgage Bankers Association says the three-day post-close period is redundant, but consumer groups called it vital for borrowers and required by law.
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