National Mortgage Insurance Corporation (National MI), a subsidiary of NMI Holdings, Inc., announced that National MI’s mortgage insurance products have been directly integrated with D+H’s MortgagebotLOS, an all‐in‐one loan origination system (LOS) that supports retail, wholesale and correspondent mortgage lending.
Typically in the mortgage industry, ordering mortgage insurance is done separately from the origination process.Click to continue
National Mortgage Insurance Corporation (National MI) has announced an integration with Ellie Mae’s Encompass mortgage management solution, offering mortgage lenders who use Encompass as their loan origination system (LOS) to be able to order National MI’s mortgage insurance directly within the application in a simple and time-saving process.Click to continue
Question: Are there limits to how many times a loan originator may submit or resubmit a loan through Fannie Mae’s Desktop Underwriter? Click to continue
International Document Services Inc. (IDS) and MortgageFlex Systems announced the development of a joint ‘lights out’ interface between IDS’s flagship mortgage document preparation system idsDoc and MortgageFlex’s LoanQuest loan origination system (LOS).Click to continue
Roostify has announced it will integrate AccountChek into its end-to-end, web-based loan processing platform to automate the retrieval of digital bank statements and verification of deposits. Digital reports generated by AccountChek can be ordered and received through the Roostify platform and also exported to a lender’s loan origination system (LOS) of choice.Click to continue
As the regulatory environment intensifies and further scrutiny is placed on lenders to process appraisals in a compliant manner, now more than ever, it is critical that lenders utilize an organization and model that cost effectively gets the job done right—every time. Most lenders elect to use appraisal management companies (AMCs) to outsource and handle the appraisal process for them.Click to continue
Question: We are lenders and our Loan Origination System (LOS) caused an error in the APR of a residential mortgage loan transaction. Given that this was not our error, but the error of the system itself, are we protected from liability?Click to continue
In January of 2014, the tidal waves of regulatory change will hit the shores of the mortgage business, rocking all boats from the cruisers to the skips. It was long-predicted and is still a surprise. When the new rules and procedures were announced, they shocked the institutions but most especially the people. Adapting to the regulatory changes requires discipline and process in compliance education—the discipline to understand rapidly evolving and novel business regulations as well as the process of embedding new written procedures into an efficient mortgage compliance education.Click to continue
Essent Guaranty, Inc. and Wipro Gallagher Solutions (WGS) announced that Essent MI is now integrated through NetOxygen, WGS’s comprehensive loan origination system (LOS).
Wipro Gallagher Solutions’ NetOxygen offers an intuitive and seamless lender platform, which enables customers to access Essent Guaranty’s mortgage insurance coverage, including having the option of receiving an Essent rate quote or a commitment by completing a simple form and submitting to Essent.Click to continue
Blueberry Systems LLC and Kroll Factual Data Inc. have announced the release of several advanced Kroll Factual Data product integrations into Blueberry Systems’ Relay, the company’s enterprise loan origination system (LOS). Kroll Factual Data’s Loan Review Report (LRR), a product specifically designed to help clients comply with Fannie Mae’s Loan Quality Initiative (LQI), is now available through Blueberry Systems. Kroll Factual Data Bureau Express Credit Reports and Flood Determination Reports are already integrated with Relay.Click to continue