Florida industry appointments update - 08/08/2006

Sep 11, 2006

Express Financial Services implements integrated platformMortgagePress.comMortgage lending platform, Express Financial Services Inc. Express Financial Services Inc. (EFS) has launched Expert, a proprietary software system that fully integrates the centralized platform of its National Service Center and its decentralized platform of local branch offices. "Expert is first-of-its kind innovative technology," said Richard M. Fuchs, president of EFS. "There are a lot of software products out there that would be suitable for this industry at different levels, but the vendor management piece of the applications presents the single biggest challenge, particularly in a multi-state environment." Pittsburgh-based Express Financial Services Inc. is an appraisal, title, settlement services and vendor management company. For more information, call (800) 321-4157 or visit www.efstitle.com.

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Sep 11, 2006

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...