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

Tech

ServiceLink Enhances Its Digital Closing Solution

EXOS Close allows lenders and borrowers to choose ‘when, where, and how’ they close

Digital mortgage services provider, ServiceLink, announced enhancements to its EXOS Close technology designed to provide more flexibility for lenders and borrowers using the technology to schedule their closings. Enhancements include new options for online and in-branch c...

Analysis and Data

Moody’s Downgrades Fannie And Freddie Following U.S. Sovereign Credit Cut

Outlooks for both GSEs revised from negative to stable

Moody’s has downgraded the long-term senior unsecured debt ratings of Fannie Mae and Freddie Mac to Aa1 from Aaa, following its May 16 downgrade of the U.S. government. The outlooks for both agencies were revised from negative to stable, signaling no immediate expectation of...