Chase opens mortgage office in North Palm Beach, Fla.

Nov 02, 2006

Mavent completes 15 millionth loan compliance reviewMortgagePress.comMortgage loan compliance Mavent Inc. has announced the completion of its 15 millionth loan compliance review. Since the company announced its 10 millionth loan review in November 2004, Mavent has completed implementations with organizations, such as Fannie Mae, Credit Suisse, Ohio Savings Bank, Ocwen Financial Corporation and HomeLoanCenter.com, contributing to this latest milestone. "This milestone is clearly a significant measure of the extent to which leading institutions are relying on Mavent as part of their regulatory risk management," said Louis Pizante, Mavent CEO. "It is also indicative of our solution's ability to support a broad array of transactions, including non-traditional and exotic products." Irvine, Calif.-based Mavent Inc. is a provider of automated compliance solutions for the mortgage industry. For more information, call (888) 628-3681 or visit www.mavent.com.

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Nov 02, 2006

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

People On The Move

Dovenmuehle Mortgage Welcomes New Chief Data Officer

Aaron Belovsky to lead data governance at Illinois mortgage sub-servicer

A Lake Zurich, Illinois-based mortgage lender has a new leader working on data governance, engineering and machine learning strategies. Dovenmuehle Mortgage, Inc. welcomed Aaron Belovsky as Chief Data Officer (CDO) this week. Belovsky brings more than two decades of s...