Interthinx expands lender access to FraudGUARD

Jul 12, 2007

Ellie Mae releases Encompass 3.0MortgagePress.comMortgage management software Ellie Mae has released version 3.0 of Encompass, its mortgage management solution. Encompass 3.0 features 12 new enhancements, which make managing the loan cycle quicker, easier to use and more efficient. The new system enables deeper two-way communication with borrowers and vendors, handles more varied loan programs and integrates with more third-party technology. Dublin, Calif.-based Ellie Mae is a software and services provider for the mortgage industry. For more information, call (877) 355-4362 or visit www.elliemae.com.

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Jul 12, 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....