SCME Mortgage Bankers moves Encino branch

Jan 10, 2007

Credex partners with LoanAceMortgagePress.comLoanAce, Credex Credex has announced a strategic partnership with LoanAce, a loan origination software system. Now, LoanAce members will be able to offer their customers an online application that allows them to gain instant secure access to their tri-merged credit report and manage and qualify those leads at no cost. LoanAce is a product of Bellevue, Wash.-based TeraVendo Inc., a software company that develops products primarily for loan originators, mortgage brokers and loan officers. For more information, visit www.loanace.com. Credex is a product of Lynwood, Wash.-based Next Online Technologies, a developer of business solutions for the financial services industry. For more information, call (888) 927-3339 or visit www.credex.net.

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Jan 10, 2007

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....