Pinnacle Financial creates nationwide emerging markets division

Nov 02, 2006

OpenClose user base expected to exceed 30,000MortgagePress.comWeb-based mortgage software Beanstalk Networks announced on Oct. 23 that the number of active users accessing OpenClose, its Web-based mortgage software, was expected to exceed 30,000 by Oct. 31. As of the time of the announcement, the OpenClose user base totaled 29,470, up from 10,000 in January. West Palm Beach, Fla.-based Beanstalk Networks is a software developer and data center focused on the financial services industry. For more information, call (561) 655-6418 or visit www.beanstalknetworks.com.

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Nov 02, 2006

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...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....