AllRegs: A Summary of Recent Regulatory Changes in the Mortgage Industry

National Mortgage Professional

Dec 02, 2002

ASC Has the PowerMortgagePress.comAssociated Software Consultants, PowerLender Associated Software Consultants (ASC) announced the release of PowerLender, its new loan origination and processing system, which enables users to separate business rules from programming. PowerLender users' customizations are not impacted by upgrades from ASC, which allow the company to provide customizable loan origination systems for the cost of a turnkey solution. ASC is currently converting more than 30 customers of PowerLender's predecessor, UNI- FORM, to the new system. Since PowerLender is designed to read and write to UNI-FORM databases, ASC's customers are able to migrate to PowerLender while keeping all of their existing loan data and business rules in place. The system includes several new features, including re-engineered set-up routines, a customizable Graphical User Interface screen-builder and a data subset generator. The program also offers an offline processing mode, which enables remote uploading of loan data with a secure Internet connection. For more information, visit www.asconline.com or call (800) 628-4687.

Link copied

Published

Dec 02, 2002

Reverse

Bankruptcy Court Judge OKs Up To $124.5M In Financing For RMIT

Reverse mortgage lender & servicer also faces lawsuit over November layoffs.

A federal bankruptcy court judge in Delaware has agreed to allow Reverse Mortgage Investment Trust Inc. (RMIT) to obtain additional financing that could total as much as $124.5 million. Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware signed a...

Analysis and Data

Buyer-Seller Stalemate Increases Housing Market Supply

The market may not stay calm for very long, though.

Housing supply is finally starting to tick up as homes linger on the market. The total number of homes for sale increased 15% year-over-year during the four weeks ended Dec, 4, the biggest uptick since at least 2015, according to a new report from Redfin. Buyers and sellers...