News Flash

Avista Solutions’ underwriting system completes integration to the FHA TOTAL Scorecard
Avista Solutions, a Web-based mortgage software company, has announced that its automated underwriting system (AUS) has been interfaced with the Federal Housing Administration’s (FHA) Technology Open to Approved Lenders (TOTAL) Scorecard.... Read more
Advantage Systems sees significant growth in mortgage lender net branching trend
Advantage Systems, a provider of accounting and contract management tools for the mortgage and real estate industries, announced that the Web-based reporting tool within Advantage Systems’ Accounting for Mortgage Bankers (AMB) is now used... Read more
BankUnited names Barbone EVP of mortgage services
BankUnited has named Raymond S. Barbone executive vice president, mortgage services. In his new role, Barbone will oversee loan administration and servicing, default administration, REO disposition and mortgage modification efforts. ... Read more
MetLife Reverse named a Lenders One Preferred Investor
Lenders One Mortgage Cooperative, a national alliance of independent mortgage bankers, announced MetLife Bank NA, a subsidiary of MetLife Inc. (NSYE: MET), as its newest preferred investor. The relationship will position MetLife Home Loans... Read more
LenderLive client base grows to 200 clients
LenderLive Network Inc., a provider of business process outsourcing and technology to the financial industry, announced that the company now has 200 active clients, a notable feat given the number of companies that have fallen prey to the... Read more
Greg Holmes named national director of sales and marketing for Credit Plus
Credit Plus Inc., a leader in the credit information industry since 1928, announced the promotion of Greg Holmes to national director of sales and marketing. Holmes, formerly the company’s southeast regional sales manager, will oversee... Read more
Ellison named president of BB&T Warehouse Lending Division
BB&T Corporation has announced that Jeff Ellison has been named as president of its Mortgage Warehouse Lending Division, which provides short-term financing to mortgage companies. Ellison will oversee daily operations and nearly 60... Read more
UnitedTech Lender Services Acquires Assets of LandAmerica OneStop
UnitedTech Lender Services (UTLS) has purchased assets of LandAmerica OneStop, which includes the Default Services division (formerly known as LandAmerica Default Services Company) and BackInTheBlack, one of the industry's most... Read more
Teresa Switzer joins MCS as VP of business development, client relations
Mortgage Contracting Services (MCS), a property preservation and inspection services provider to the mortgage industry, has announced the addition of Teresa Switzer as vice president of business development and client relations. Working... Read more
StreetLinks confirms FHA appraisal rules compliance
StreetLinks National Appraisal Services announces its full compliance with FHA Mortgagee Letter 2009-28 released several weeks ago. FHA has long advised lenders and appraisers of the importance of appraiser independence in the context of... Read more