One Mortgage Network to offer fixed HECMs

Mar 27, 2007

Advectis enhances BlitzDocs Collaboration SuiteMortgagePress.comElectronic document collaboration network Advectis Inc. has announced the enhancement of BlitzDocs Collaboration Suite, including improved password management and configuration and additional investor delivery options. The purpose of the software network is electronic mortgage document collaboration. "These new capabilities were developed in partnership with leading industry lenders who use BlitzDocs," said Advectis President and CEO Greg Smith. "As such, they are guaranteed to provide real value in scaling the BlitzDocs solution in current and future lender deployments." Alpharetta, Ga.-based Advectis Inc. is a provider of software and services to the mortgage industry. For more information, call (678) 460-2460 or visit www.advectis.com.

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Mar 27, 2007

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

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...