Myers eases the online transition

National Mortgage Professional

Feb 02, 2005

TrueClose introduces loan origination platformMortgagePress.comTrueClose LLC, Web-based loan origination system, web browser TrueClose LLC has launched TrueClose Loan Origination Platform, a Web-based loan origination system (LOS) designed for the mortgage industry and delivered in the Software as a Service (SaaS) model. The Web browser is available 24 hours per day, seven days per week. SaaS differs from ASP in that it is a Web-based software model focused on delivering technology as a service rather than a product. Based in Canonsburg, Pa., TrueClose LLC provides a proprietary, Web-based loan origination platform. For more information, call (724) 820-1300 or visit www.trueclose.com.

Link copied

Published

Feb 02, 2005

Analysis and Data

Mortgage Rates Fall For 3rd Straight Week

The 30-year mortgage dropped to 6.32%, lowest since mid-February.

Amid continued economic unrest, mortgage rates fell for the third consecutive week this week, Freddie Mac said Thursday. According to the government-sponsored enterprise’s Primary Mortgage Market Survey (PMMS), the 30-year, fixed-rate mortgage (FRM) averaged 6.32%, down 10 ...

Regulation and Compliance

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

What happens if a nonbank lender or large mortgage servicer fails? That’s a question that recently has been keeping Consumer Financial Protection Bureau Director Rohit Chopra awake at night. "A major disruption or failure of a large mortgage servicer really gives me a night...