Chase expands eSummit training program

Sep 28, 2006

Lender Support Systems launches loan document creation softwareMortgagePress.comLoan document creation software Lender Support Systems Inc. has released its latest loan document creation software offering, Docs3D. Docs3D, an eMortgage-enabled solution, streamlines the loan-closing process for mortgage lenders, through a simplified tool that performs accurate APR, payment, impound-analysis and high-cost calculations. Data import capabilities allow the solution to work behind the loan origination system for complete automation, only presenting applicable screens, for more efficient document management. Poway, Calif.-based Lender Support Systems Inc. is a provider of eMortgage technology solutions to mortgage lenders. For more information, call (858) 268-7100 or visit www.lendersupport.com.

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Sep 28, 2006

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...